Prestige Park Grove has become the most awaited Project in Bangalore, and people are waiting for Prestige Park Grove’s launch. The project is in a New Launch and which means the project has not got approval from RERA, BDA, or any Major banks. They are still deciding to build plans and planning for the Master plan, floor plan, and other amenities.
After the New launch, once the RERA gets approved, the stage of the project will become prelaunch. In the prelaunch phase, you receive an advance purchase offer from the developer for the property. Many developers offer prelaunch homes to raise money even before the approvals are finalized. With this method, they can avoid taking out loans from the market at a higher interest rate.
The project is in the prelaunch stage, when a builder presents his proposal without beginning any procedure for securing regulatory licenses. The risk is high because there are no pending clearances.
Most developers sell the properties at a 10–30% discount on the final development prices to attract clients. The early capital acquisition also lowers marketing costs and commercial loan interest costs. They allow the cost-benefit to entice more early adopters because they are confident in the security of their investment.
If you select a prelaunch project, there is a significant chance that you can design your home precisely how you want. When you buy a property, the project will still be in the planning stages, allowing you to make minor customized changes. You can choose the flat you desire, with the best view, the best location, the easiest access, and the preferred floor, within your price range.
If you invest in a prelaunch project, you can get real estate for less amount, and the profit is plenty. If you would like, you can sell the completed project for the going rate and keep the money earned.
In addition to getting the property at a discount and having the possibility to profit from it, investing in prelaunch projects has another attractive benefit. Because the units are sold during the prelaunch period, they will be completed quickly after the approvals are acquired.
Real estate developers try to make newly launched homes a profitable bargain for both the consumer and themselves to advance their project by obtaining funds to finish the building. It is due to the competitive nature of the real estate industry.
Some of the new launch projects of Prestige Are
The Prestige Aston Park project is on Sarjapur Road, Bangalore, and it has 1, 2, and 3 Bedroom flats with various sizes and price ranges. The size of the project varies between 650 Sq. ft. to 1800 sq. ft. The project has over 180 acres of land and a 3 BHK flat ranging from 2290 sq. ft.
A 2 BHK flat ranges from Rs. 86.99 Lakhs, and a 3 BHK flat ranges from Rs. 1.04 Crores.
The Prestige Dew Drops is a villa project off Doddaballapura Main Road in Bengaluru. The project has 3 & 4 BHK Duplex villas. The project is over a land area of 5.5 acres, and the price of this project ranges from Rs. 4 Crores.
The project has 25 villa homes ranging from 3500 sq. ft. to 5868 sq. ft. The possession time of the project is from December 2026. A 3 BHK villa project here ranges from 3500 Sq Ft, and a 4 BHK villa project here ranges from 5800 Sq. Ft.
The Prestige Primrose Hills phase 2 is in Banashankari, Bangalore, and the project ranges from Rs. 32. 0 Lakhs to 1. 0 Crores. A 1 BHK Flat ranges from 572.0 Sq. Ft. to 589. 0 Sq. Ft. and a 2 BHK Flat ranges from 867. 0 Sq. Ft. to 989. 0 Sq. Ft.
The site has a total of 15 towers, and the possession date of the Project is May 2024. The project is over 15 Acres, with 1680 units in the project.
Prestige Group new prelaunch apartment Prestige Park Grove.