Prestige Gulmohar is the brand new Creation by the Reputed real Estate Builder Prestige Group. The accomplished architectonics in this project is being done by using the latest technologies and hence, is considered to be the most admirable address offering absolute amusement to each and Every Resident. The construction of Prestige Gulmohar is widely spread beyond wide acres of Land having Most Charming plants that is entirely spread all through till your Eyes can Reach. The project is Conveniently Located in Horamavu, Bangalore and enjoys close Proximity to all social Facilities.
Sprawling over 3.25 acres of land, Prestige Gulmohar is one of the carefully planned project that is adorned with all the accelerating features of ultra-avant grade era, enabling you to sense the exclusivity as well as character at every end. Hence, Prestige Gulmohar Specification allows you to lead life more auspiciously in the most comfortable manner witnessing the most international level facilities allowing you to feel altered from the Blissful Living.
Sprawling over 3.25 acres of land, Prestige Gulmohar is one of the carefully planned project that is adorned with all the accelerating features of ultra-avant grade era, enabling you to sense the exclusivity as well as character at every end. Hence, Prestige Gulmohar Specification allows you to lead life more auspiciously in the most comfortable manner witnessing the most international level facilities allowing you to feel altered from the Blissful Living.
Prestige Gulmohar – Configuration
Total Land Area: 3.27 Acres
Total Floors: G+18 & G+26 Floors
Total Blocks: 5 Towers (Phase I – 2 Towers released)
No. of Units: 404 units
Size Range: 1169 Sqft – 1763 Sqft
Unit Type:-
2 BHK: 1169, 1208, 1224, 1335, 1377 Sqft
2.5 BHK: 1370, 1377 Sqft
3 BHK: 1623, 1662, 1752, 1756, 1763 Sqft
Location Advantages:-
• Located in prime locality at Horamavu Road
• Horamavu Signal/Junction: within 1 km
• MG Road: 10 kms
• Manyata Tech Park: 8 kms
• Proximity to educational institutions, hospitals and shopping destinations
Project Analysis of Prestige Gulmohar:-
Approvals Status:- Approvals awaited
Demand Analysis: Horamavu area falls in the North Bangalore region however, it’s also closer to KR Puram, Old Madras Road and Mahadevapura, which are large employment/commercial hubs. Given the strong demand for projects in North Bangalore and those near employment hubs we expect the demand to be strong in this area. Apart from this the project is also accessible from Manyata Tech Park, other parts of Nagavara and Hebbal via Outer Ring Road.
Prestige Gulmohar Amenities: The project is expected to have high-end lifestyle amenities, which is typical of most projects from Prestige Group.
Payment schedule:
Registration Amount:- Rs.3, 00,000 for 2BHK, Rs.4, 00,000 for 2.5BHK and Rs.5, 00,000 for 3BHK
On Project Launch:- 20% of the sale value excluding registration amount is to be submitted at the time of booking.
Balance Payment:- 80% of the sale value would be paid in 21 instalments starting from Feb 2015. In case of any delay or default in making payment of the instalments, Prestige shall charge interest at 18% per annum compounded months from the due date
Additional Charges:- Floor rise, Premium location charges, Car park and other charges towards BESCOM/BWSSB, generator charges, sinking fund, advance maintenance charges, registration charges and taxes as applicable are not included in the rate per sft. And are payable separately, as applicable.
Any Drawbacks:- Since the area is right after a railway cross on Hennur Road, there are chances of traffic bottlenecks when trains pass through
Project Update:- The project consists of multiple towers. Tower 1 and some portion of Tower 2 priced at Rs.4500 per Sqft were sold out. Similar parts of Tower 2 and the whole of Tower 3 were sold out at Rs.4750 per Sqft.
Disclaimer/Note:- The data and information pertaining to pre-launch projects are tentative since the developer is in the process of getting approvals and sanctions.
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