Prestige Suncrest is a premium residential project in the bustling hub of Electronic City, Bengaluru. Designed with a blend of luxury and functionality, it offers a range of apartments catering to diverse preferences and budgets. In this guide, we delve into the detailed pricing, payment plans, and investment potential of this prestigious development.
Pricing Overview for Prestige Suncrest Apartments
Prestige Suncrest offers a variety of configurations to meet the demands of modern homebuyers:
1 BHK Apartments: Starting at ₹65 Lakhs for standard units and ₹75 Lakhs for luxury options.
2 BHK Apartments: Priced from ₹80 Lakhs for standard layouts and ₹1 Crore for premium designs with contemporary amenities.
3 BHK Apartments: Starting at ₹1.25 Crores, providing expansive layouts for family-centric living.
3.5 BHK Apartments: Premium units starting at ₹1.5 Crores, offering added space and flexibility.
Booking Amounts:
1 BHK: ₹7 Lakhs
2 BHK: ₹12 Lakhs
3 BHK (2 Toilets): ₹15 Lakhs
3 BHK (3 Toilets): ₹19 Lakhs
3 BHK + Maid Room: ₹21 Lakhs
This pricing structure ensures that Prestige Suncrest is accessible to both budget-conscious buyers and those seeking luxury living.
Investment Benefits in Electronic City
Prime Location Advantage
Electronic City stands as a premier investment hotspot in Bengaluru, thanks to its:
IT Hubs: Home to major corporations, ensuring a constant influx of professionals seeking housing.
Infrastructure: Excellent connectivity via the Yellow Line Metro and BMTC buses.
Amenities: Close proximity to top-rated schools, hospitals, and malls adds to the appeal.
Annual Appreciation
The region boasts an impressive 5.2% annual property appreciation, driven by growing demand and infrastructural development.
Rental Income Potential
1 BHK apartments generate monthly rental returns starting at ₹18,000, while 2 BHK units command upwards of ₹19,000, making it a lucrative choice for investors.
Down Payment Plans: Reduced rates for upfront payments.
Deferred Payment: Pay a smaller amount initially and the rest upon possession.
Bengaluru Real Estate Trends
Bengaluru’s real estate market continues to flourish, with a 27% growth in luxury properties annually. Popular investment locations include:
Location
Price (₹/Sq. Ft.)
Whitefield
15,000
Sarjapur Road
8,000
Bannerghatta Road
9,500
Electronic City
15,000
Yelahanka
10,520
Indira Nagar
15,000
Future Outlook
By 2025, demand for residential and commercial properties is projected to rise, driven by IT hubs and a growing workforce.
Cost Sheet and Breakdown
Prestige Suncrest’s cost sheet will provide a clear breakdown of all costs, including:
Base Price: Price of the unit based on carpet area.
Additional Charges: Including GST, registration, and stamp duty.
Miscellaneous Fees: Maintenance deposits, parking charges, and more.
This transparency ensures buyers are fully informed before making a purchase decision.
Why Invest in Prestige Suncrest?
Strategic Location: Proximity to IT hubs ensures consistent demand.
Affordable Luxury: Competitive pricing compared to other premium projects in Bengaluru.
Robust Connectivity: Seamless access via metro, buses, and highways.
Resale and Rental Value: Excellent ROI with steady price appreciation and rental returns.
Price of Plots in Prestige Suncrest
Prestige Suncrest is a project developed by the prestigious Prestige Group. It
offers a variety of plot sizes to meet the needs of individual customers. Potential buyers and
investors can easily choose the plot they desire by referring to the pricing list and selecting
plots based on their desired size and location. The price of Prestige Suncrest differs
depending on the size and surroundings of the plot.
Sizes of the plots that are offered in Prestige Suncrest :
30 x 40 – 1200 Sq.Ft
30 x 50 – 1500 Sq.Ft
40 x 60 – 2400 Sq.Ft
The upcoming plotted development project Prestige Suncrest will be available
for purchase in 2024. The BDA or BMRDA has approved the project's development, and all
the relevant information will be provided at the time of purchase. In this large
neighbourhood, buyers and investors can secure the plot sites of their dreams. The chosen
plots can be reserved by making a booking. This is a great time to invest in this project
because the neighbourhood's real estate values are rising quickly, and you will get a great
return on your investment.
Price of Plots in Bengaluru :
Bengaluru, a South Bengaluru neighbourhood adjacent to Bommasandra Main Road
and Attibele, is well-known for its IT companies, industrial hub, and large-scale industries.
Due to the location's proximity to all major employment locations, including Electronic City,
Bommasandra, Attibele, Anekal, Jigani, and Hosur, the area's real estate value has
significantly increased.
Bengaluru is a great location to purchase opulent mansions and residential plots. The
area's real estate market is very competitive. A price quote for Prestige Suncrest will
only be provided after a careful examination of pricing and market trends by Prestige Group.
Based on availability, investors and buyers can reserve plots at Prestige Suncrest.
Residential plots in Bengaluru usually cost between Rs. 5,700 and Rs. 8,750 per square
foot, yielding an income of Rs. 27,500 from rentals. Depending on the size of the plot, a
gated community plotted project with all the amenities can start at around Rs. 50 lakhs*,
and for the best locations and amenities facing plots with the largest build-up area, the price
can reach up to Rs. 1 crore*.
Plots in Bengaluru are an excellent investment because of the substantial increase in
land demand and market value. One can choose the price range and location of the
property to invest in based on their demands and financial constraints. India's top
developers have planned numerous developments in strategic areas in the city. For buyers
or investors searching for a long-term home, Bengaluru will be the top option.
Choosing a peaceful neighbourhood in Bengaluru that grows rapidly in the future to
invest in and purchase a plot where one will have to live for the rest of their life. Within your
budget, many developers offer ready-to-occupy apartments and plots in prime areas.
Well-gated development project costs in Bengaluru range from Rs. 1 crore to Rs. 4
crores for an area of 1200 sq. ft., depending on the location and developer's reputation.
Based on the amenities and services offered for a 30 x 40, 1200 sq. ft. plot, the basic price of
the constructed plots in Bengaluru's outskirts would be between Rs. 35 lakhs and Rs. 55
lakhs.
Payment Plan – The upright Decision by Prestige Group :
Prestige Group offers multiple payment options, such as setting up a down payment
plan or paying a portion upfront and nothing more until you own the home. Before
deciding, the developer gives the client and loan provider in need access to the different
payment choices. The options that the bank offers are contingent upon the customer's
eligibility.
Prestige Suncrest is a well-planned pre-launch gated development project
offering the most inexpensive payment plan choice. Prestige Group has offered end users
and investors an enticing pricing payment plan to simplify and expedite sales.
Prestige Suncrest is a desirable investment opportunity for those looking for a
premium plot and a financially convenient path to homeownership because of its clearness
and flexible payment options, which cater to the changing needs of modern investors and
buyers.
Bengaluru Real Estate Price Trend :
The real estate market in Bengaluru is anticipated to grow rapidly in early 2024 due
to new developments like Prestige Suncrest, many of which are being created in
desirable areas by reputable builders and developers. One of the most well-liked cities in
the country is Bengaluru, which attracts a lot of first-time investors and homeowners.
When purchasing real estate property, whether a residential apartment or plot. It is
important to take the location's long-term investment into account. This city is
unquestionably the best option. Land prices have never dropped, no matter what, which
suggests Bengaluru's real estate market has reached its peak worth. Bengaluru's rapid
expansion has allowed buyers to own the houses of their dreams.
Current trends indicate that most people buy separate pieces of land to develop
their dream homes and larger luxury mansions. The IT crowd usually buys showy lots and
houses in the suburbs outside the city.
Current Price in Bengaluru and Price Trend :
Bengaluru neighbourhood is expanding rapidly in the vicinity of Bengaluru's Electronic
City. It has excellent road access to the city's key IT cluster, which includes Koramangala,
Attibele, Anekal, Jigani, and Bommasandra. It is one of the most well-liked and rapidly
growing websites for sales, and the real estate industry is seeing a rise in its use.
In Bengaluru, the price of residential real estate has increased over time. Based on
current market trends, the price per square foot will likely reach more than Rs. 5,700. For
between Rs. 18,000 and Rs. 25,000, a residential property spanning 1,200 square feet can be
rented. If offered for a business space, it doubles the rental income.
The benefits of Bengaluru's connection have caused the area's real estate market to
see a substantial rise in demand. Bengaluru is situated in the centre of the principal highway
of the city. It thus has excellent access to the city from all directions.
Most buyers and investors like to buy property close to job hubs, so plots in Bengaluru
are great for large investments. The real estate price in this neighbourhood is favourable if
your main goal is to invest or relocate closer to your place of work and business. One of the
city's quieter and more modern industrial neighbourhoods is Bengaluru.
Cost Sheet – The Key Document for Decision Making by Customers :
The most reliable document for determining a property's cost is its cost sheet, which
makes registration and deal closing easier. Prestige Suncrest still needs to release the
cost sheet, even only in the pre-launch phase. A Cost Sheet will be available for reference,
and investors and buyers can use the comprehensive information in the cost sheet to guide
their financial decisions.
The below mentioned details are included in the Cost Sheet of Prestige Suncrest :
Agreement value
Additional charges
Stamp duty and registration charges
Taxes
Base price
Total Price
GST applicable at each stage of payment
Frequently Asked Questions
1. Do we need to pay any additional charges for Registration?
Prestige Suncrest doesn’t have any hidden or additional charges. The cost sheet
contains all the details and price breakdown, including liable charges.
2. What is the average cost of plots in Bengaluru?
The average cost of plots in Bengaluru ranges between Rs. 5,800 and Rs. 11,100 per
square foot.
3. Why are the Prestige Suncrest plot prices higher than nearby plots?
For the comfort and security of its investors, this gated community is equipped with
many cutting-edge features and services, including security. However, considering
the amenities and construction completed on the Prestige Suncrest Plots, the
price is reasonable.
4. What will be the expected launch price of Prestige Suncrest Plots?
Prestige Suncrest is chiefly meant for residential apartments in Singapore Cares, and no explicit information about plots is available for this project. The apartments in Prestige Suncrest are expected to be priced at around ₹13,500 per sq. ft. Units will start at ₹70 lakhs for a 1 BHK and can go up to ₹2.5 crores for larger configurations, including 3.5 BHK apartments.
If the project converts in the future to including plots, then price will probably be fixed according to the market trends in the Electronic City area, where a plot typically ranges from about ₹5,000 to ₹8,000 per sq. ft for residential development..
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