Brilliant qualitative & nice 2 & 3 BHK Apts.

If you already own an apartment in Prestige Tranquility then there is a google construction dedicated to it which you might want to join. Prestige Tranquility, spread across 38 acres of lush green landscapes and vast open expanses, offers you a wonderful home in perhaps the quietest environment that money can buy. Prestige song of the south Bangalore Located in Budigere, off Old Madras Road, Bangalore, Prestige Tranquility offers a alternative of one BEDROOM, two BEDROOM and 3 BEDROOM flats, beautifully crafted to suit your needs, tastes and most importantly, your budget. It offers you the freedom and the reassurance to live life on your terms!

 

Prestige Tranquility comes with all contemporary lifestyle amenities like a Fully Equipped Clubhouse, a Beautyful swimming pool, a Gymnasium and more. All rounded off by an ambience that is blissfully tucked away and yet readily accessible via the expressway, which is why at Prestige Tranquility, we say “Welcome to a Latest Universe”. I had already written about the reasons for me to book an apartment at Prestige Tranquility, and I had promised that I'll be writing about the risks in investing in this venture. The biggest risk in a big venture is the execution risk, if the venture will complete or not, and if it completes, will it complete on time or not. And this is risk does not vanish till one get the possession of the apartment. In that sense, with the current progress on the construction, although this risk does not seem to be high, its still there.
In case of Prestige Tranquility, the biggest risk that I can see is the animal feed factory close by. Prestige song of the south Bangalore I had experienced the smell a couple of times when I visited the sight. Although this smell will not be a huge problem for all the flats, it will definitely be a problem when coming in and out of the property from the main gate. And this can be a big problem for the livability in the complex. I am very sure that there will be many factors playing about the smell and the factory, such as signature tower still to be sold out by Prestige, land value appreciation, government regulation for domestic and industrial area etc. the game is open, and only time will unfold the story. The next risk that I see for this venture is the development of the area. When I booked the flat 2 years ago, I was sure that by the time apartment is ready for possession, the area will be habitable. Except for the property prices, I am not seeing much development on the ground. And it seems it will be still some more time before this area really becomes livable. That implies that it will not be a cake walk to sell the apartment, or let out it on rent. I do hope I am wrong and we see some good development in a years time, but that is as well as something to watch out for.
Having said all this, I still want to emphasize that I am still very optimistic about this venture and hope that this venture gives a very good home for the purchasers. Pre-launch price for Prestige Tranquility was 2628/sq. ft. (I don't know why such an odd looking number was chosen by Prestige, would it really have mattered if it was say 2625?) The venture was launched with the price of 2728 /sq. ft.