Pre Launch: Prestige Ivy Terraces
Published on June 16, 2013, 02:00 AM IST
Prestige Ivy Terraces sprawls over 3.6 acres of land consisting of limited high quality apartments. The project offers units in 2, 2.5 and 3 BHK options
Pre Launch bookings are planned to start from 20th June-13 and the base price of ₹ 5400 is applicable only for the first 25 bookings.
- Property Type: Apartments
- Beds: 2, 2.5 & 3
- Baths: 2 & 3
- Units: 315
- Unit Size: 1193 - 1749 sq.ft.
- Floors: G + 15 in 5 Towers
- Neighborhood: Outer Ring Road
- Area: 3.6 Acres
- Price / Sqft: ₹ 5300* onwards
- 2BHK – 1193 - 1198 sq ft. - ₹ 63 Lacs onwards
- 2.5 BHK - 1359 - 1398 sq.ft. - ₹ 73 Lacs onwards
- 3BHK – 1586 - 1749 sq ft. - ₹ 83 Lacs onwards
- Location quite close to Outer Ring Road
- Only 4 units per floor
- Premium Amenities
It's good to see Prestige planning to price these units below ₹5500. This would sum the basic cost of 2BHK to ₹ 65 lakhs and 3 BHK to ₹ 95 lakhs.
The downside being, Customers may not have too much choice on the selection of units as too many channel partners block or buy premium facing units from the builders and list them at premium prices on the resale market.
It's surprising to see the builder charging a cancellation fee of 1% of sale value during the pre launch stage. Customers are blindly expected to pay the booking amount without any confirmation of the unit number, firm floor plans and other additional charges that can occur.
It is recommended to consult your lawyer before jumping the gun.
Note: It's recommended to contact the builder for the latest prices, plans etc. as these are subject to change.
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