Prestige Ivy Terraces

Prestige ivy terraces

Prestige IVY Terraces is a new launch residential venture by the Prestige Group. The project was launched in December 2013 and offers internationally inspired luxury residences in the prime location of Bangalore. The project is located in the main location of Marathahalli, Bangalore. Prestige IVY Terraces Bangalore spread over 3.6 acres of land with enough open space. The project offers residential apartments which include 2 BHK, 2.5 BHK and 3 BHK options.

Prestige IVY Terraces Residential Project strategically located in the most significant neighborhood near the Bellandur Outer Ring Road, Prestige IVY Terraces have the great benefit of the surrounding area, which has biggest IT parks Cessna Business Park, Vrindavan TechVillage, RMZ Ecospace, Salarpuria Hall Mark, Global Technology Park Intel Corporate office Nokia. With such terrific environs it is also very close to Sarjapur Road, Whitelfield and Electronic city. Professionals who are searching for their dream homes can find perfect match at Prestige Ivy Terraces has close proximity with working places.

It aims at offering the highest standards of living and value for money to its dwellers with world class lifestyle amenities in place. Key amenities include swimming pool, indoor games area, gymnasium, health club, indoor games area; children’s play area, badminton court and party hall. IVY Terraces is a beautiful destination for buyers preferring to live in a home blended with high end facilities. The project is already under construction; Prestige IVY Terraces Marathahalli shall be ready for possession by June 2017.

Prestige Ivy Terraces – Amenities

  • Gymnasium
  • Health Club
  • Swimming Pool
  • Party Hall
  • Squash Court
  • Badminton Court
  • Billiards
  • Table Tennis
  • Children’s Play Area

Prestige Ivy Terraces – Location Map

Prestige Ivy Terraces Location Map

Prestige Ivy Terraces – Price, Options and Possession

  • Rate per Sq Ft  – 6500 INR. Booking amount – 3 Lakhs
  • Booking Amount – Car Parking Charges or including car parking
  • BHK Options –  2 BHK, 2.5 BHK and 3 BHK
  • Size – 1195 Sq Ft to 1749 Sq Ft
  • Project Status: Occupancy Certificate Received.

Prestige Ivy Terraces – Project Area, Open Space and Key Highlights

  • Project Total Area – 3.6 Acres.
  • Total Units – 315
  • Total Open Space – 80%
  • No. Of Floors – G+15

Prestige Ivy Terraces – Project Specification

Structure

  • RCC Framed Structure
  • Cement Blocks for All Walls

Lobby & Staircase

  • Ground Floor Lobby Flooring and Cladding in Granite/Marble
  • Vitrified Tile Flooring in Lobbies on Upper Floors and Lift Cladding in Granite/Marble
  • Textured Paint on Lobby Walls and OBD on Ceilings
  • Service Lobby and Staircase in Kota with OBD on Walls

Lifts

  • Suitable Size Lifts in Every Block

Flooring

  • Vitrified Tiles in the Foyer, Living, Dining, and Corridors and all Bedrooms
  • Anti-skid Ceramic Tiles in Balconies

Kitchen

  • Vitrified Tile Flooring
  • 2 Feet Ceramic Tile Dado Over a Granite Counter
  • Single Bowl Single Drain Steel Sink with Single Lever Tap
  • Vitrified Tiled Flooring and Ceramic Tile Dado for the Utility

Toilets & Fittings

  • Anti-skid Ceramic Tiles for Flooring
  • Ceramic Tiles on Walls up to False Ceiling
  • Granite Counter with Ceramic Wash Basin in the Master Toilet and Pedestal Wash Basins in the Other Toilets
  • EWCs and Chrome Plated Fittings
  • Single Lever Tap and Shower Mixer
  • Geysers in all Toilets
  • Suspended Pipelines in Toilets concealed within the Grid False Ceiling.

Doors & Windows

  • Entrance Door – 8 Feet High Opening with Pre-molded Flush Shutter and Frame in Wood, with Polish on Both Sides
  • Internal Doors – 7 Feet High Opening with Wooden Frames and Flush Shutters
  • External Doors – UPVC Frames and Sliding Shutters
  • Windows – 3 Track UPVC Frames with Clear Glass and provision for Mosquito Mesh Shutters
  • MS Designer Grill, Enamel Painted, for Ground Floor Apartments only

Painting

  • External Walls with Cement Paint
  • OBD on Internal Walls and Ceilings
  • Enamel Paint on all Railings

Electrical

  • All Electrical Wiring is concealed with PVC Insulated Copper Wires with Modular Switches
  • Sufficient Power Outlets and Light Points will be provided
  • 5KVA Power will be provided for 2 BR Units
  • 5KVA Power will be provided for 2.5 BR Units
  • 8KVA Power will be provided for 3BR Units
  • TV and Telephone Points provided in the Living, and all Bedrooms
  • Provision for Installation of Spilt AC in the Living, Dining and all Bedrooms
  • Satellite TV provision
  • ELCB and Individual Meters will be provided for all Apartments

Security System

  • Security Cabins at all Entrances and Exits with CCTV Coverage.

Prestige Ivy Terraces – Master Plan

prestige ivy terraces master plan

Prestige Ivy Terraces – Sq.ft Size, Total Cost and Booking Amount

Unit Type Size (Sqft) Price Booking Amount
2 BHK 1199 Sqft 77.94 Lacs 3,00,000
2.5BHK+2T 1369 Sqft 88.98 Lacs 4,00,000
2.5BHK+2T 1398 Sqft 90.87 Lacs 4,00,000
2BHK+2T 1195 Sqft 77.68 Lacs 3,00,000
3BHK+3T 1586 Sqft 103.09 Lacs 5,00,000
3BHK+3T 1749 Sqft 113.68 Lacs 5,00,000

Prestige Ivy Terraces – Accessibility and Key Distances

  • Location – Sarjapur Outer Ring Road,Bangalore
  • Distance from MG Road – 11 Kms
  • Distance from Railway Station – 17 Kms
  • Distance from Nearest Metro station – 11 Kms

Prestige Ivy Terraces – Floor Plan

Prestige Ivy Terraces Floor Plan

Prestige Ivy Terraces Floor Plan1

Prestige Ivy Terraces Floor Plan3 Prestige Ivy Terraces – Buyer’s and Investment Advantages

  • Located in a well-established residential area
  • Close to schools, shopping malls & hospitals
  • Proximity to Metro stations

Prestige Ivy Terraces – FAQ’s

 

Where and what is Prestige Ivy Terraces?
Prestige Ivy Terraces is located off Marathahalli-Sarjapur Outer Ring Road, Bangalore, behind Cessna Business Park. This is a Residential Development spread over approximately 3.6 acres of land with 5 Residential Towers of G+15 Floors. There are 315 Apartments and an independent Clubhouse.
What is its distance from M.G Road?
The distance to Prestige Ivy Terraces from MG Road is 15 kms.
What are the different types and sizes of Apartments?
Prestige Ivy Terraces consists of 2, 2.5 and 3 Bedroom Apartments, to fit every family size and budget.
Is there differential pricing based on the floors or orientation of apartments?
Yes! There is a differential pricing for Apartments. With every level there is an increase of Rs. 15/- per sqft.
What are the Amenities?
Prestige Ivy Terraces has a Clubhouse equipped with a Gymnasium, Swimming Pool, Health Club, Yoga/Aerobics Room, Party Hall, Squash Court, Badminton Court, Table Tennis, Billiards, Indoor Games Area, and Children’s Play Area. All Owners get Complimentary Membership, however Usage Fees will be applicable.
How do I book my Home at Prestige Ivy Terraces?
  • Identify your Apartment
  • Fill the Booking Application Form
  • Pay by Cheque/DD
What happens thereafter?
You will be required to pay the Balance towards 20% of the Sale Value and issue Post Dated Cheques (PDCs) for the remaining amount within 15 days against which a formal letter of allotment will be issued. Agreements will follow in 30-40 days after completion of the allotment.
When do I get a confirmed allotment?
On payment of 20% of the Sale Value and submission of Post Dated Cheques for the remaining amount, the allotment will be confirmed.
Can I make a 100% down payment?
Yes, please check with the Marketing Department for more details.
How are installments to be paid and is it time bound?
Installments are to be paid by way of Post Dated Cheques which is a pre-condition of the allotment. This schedule of payment is on a time bound basis as mentioned in the payment schedule. If the Cheques are dishonoured the Booking stands Cancelled.
What is the process of assignment?
  • Assignment can be done only after the Agreements have been signed, PDCs given and the new party agrees to comply with the terms and conditions of the principal agreement.
  • he Transfer Fees will have to be paid.
  • If you have availed of a loan then you have to also retrieve and hand over to Prestige all letters and documents issued by Prestige to the Bank/Housing Finance Institution.
  • Requests for assignments will be accepted only after 20% of the Sale Value and 3 Installment Payments are realized as per the payment schedule.
Will there be a validity period for the Price List?
Prices are subject to change from time to time.
What happens if I cancel my booking?
Why would you want to miss out on such a strategically located and meticulously designed project? However, if you do wish to cancel after booking, 1% of the Sale Value will be forfeited before agreements are executed and 15% of the Sale Value will be forfeited post agreements as Cancellation Fee and the balance will be returned only on resale of the Unit.
When does the development start and when can I expect to move into my new home?
Construction will commence by December 2013 and your new home will welcome you by May 2017.
Are modifications permitted in the apartment?
The specifications and designs have been carefully worked out. Considering the number of apartments and the delivery date, customization will not be possible in the collective interest of the purchasers.
What about Car Parking Space?
We can provide one car parking space in the basement for every Apartment. Additional Car Parking requests will be taken up towards project completion.
Is the title of the property clear?
Of course! You are dealing with Prestige. The land is freehold, marketable and free from all encumbrances.
Has the BBMP/BDA sanctioned the plans?
Yes, the development plan has been sanctioned by the BBMP.
What are the agreements that need to be signed?
The agreements that need to be signed are Agreement to Sell and Agreement to Construct, followed by a Sale Deed.
What is the process of registration and when does registration take place?
Registration will be done only on completion of the development and on payment of the entire sale consideration including the additional charges. Registration will be facilitated by us through an Advocate appointed by Prestige.
What is the process of assignment?
  • Assignment can be done only after the Agreements have been signed, PDCs given and the new party agrees to comply with the terms and conditions of the principal agreement.
  • he Transfer Fees will have to be paid.
  • If you have availed of a loan then you have to also retrieve and hand over to Prestige all letters and documents issued by Prestige to the Bank/Housing Finance Institution.
  • Requests for assignments will be accepted only after 20% of the Sale Value and 3 Installment Payments are realized as per the payment schedule.
What are the additional amounts to be paid?
BESCOM & BWSSB Charges, Contribution to the Sinking Fund, Advance Maintenance Charges, Generator Charges, Khata & Assessment Charges, Registration Charges, VAT, Service Tax and any other taxes will be required to be paid as per the prevailing guidelines at the time of possession.
Has Ivy Terraces been approved by Housing Finance Institutions (HFIs) for loans?
Yes. Leading Banks/Housing Finance Institutions (HFIs) have approved the development and will extend loans to customers based on their specified criteria.
What is my responsibility for disbursement of installments through HFIs?
It is your responsibility to ensure timely disbursement of installments from HFIs and no demand will be made by us to the HFIs for the same. To facilitate smooth payments, customers are required to issue a consent letter. Post Dated Cheques handed over for the installments will be returned on receipt of the payment from the HFI.
Who will take care of the maintenance of Prestige Ivy Terraces?
The maintenance will be taken care of by Prestige Property Management & Services. You can be rest assured that Prestige Ivy Terraces will be cared for by professionals.
What is the scheme for maintenance?
The scheme for maintenance is as under:
  • A sum of Rs. 45/- per sqft. will be charged as the Advance Maintenance Fee for the first year and will be collected at the time of closing of your account. From the second year onwards, maintenance charges will be levied on a quarterly basis payable in advance. All future payments are to be made favoring the Property Management Company.
  • An additional sum of Rs. 45/- per sqft. corresponding to the super built-up area will be collected as Sinking Fund. This amount will be deposited in an Escrow Account and the accruals will be used for major expenditure.
What happens if I have any more questions/clarifications?

Please email us at: contact@propreview.in

 

Prestige Ivy Terraces – About Builder

Prestige Estates Projects Ltd. is a property development and the flagship company of Prestige Group in South India. It was founded by Razack Sattar in 1986,  who envisioned a success story waiting to take shape in the Retail Business in 1956 itself. Since its formation in 1986, Prestige Estates Projects has grown swiftly to become one of South India’s leading Property Developers, helping shape the skyline across the Residential, Commercial, Retail, Leisure & Hospitality sectors. Prestige Group has several national and international awards in 11 various categories. Prestige has developed several residential colonies and commercial spaces in Bangalore, Chennai, Mangalore, Mysore, Hyderabad and Kochi, few among them are Prestige Shantiniketan, Prestige Golfshire, Prestige Acropolis, The Forum, The Forum Value, The Forum Vijaya and many others.

Prestige Court on K.H. Road in Bangalore set the pace for the Group’s rapid growth which now stands at over 169 Completed Projects spanning a total developed area of over 51.37 million sqft. It also has another 65 ongoing projects comprising around 56.94 million sqft & 28 upcoming projects totalling 31.15 million sqft., which include Apartment Enclaves, Shopping Malls and Corporate Structures, spread across all asset classes.

FREQUENT KEYWORDS & SEARCH TAGS LEADING TO THIS WEB PAGE

Prestige Pre launch Bangalore, Prestige Upcoming project, New launch projects in Bangalore by Prestige Group, Prestige Group, Prestige Ivy Terraces, Prestige Ivy Terraces Review, Prestige Ivy Terraces Price, Prestige Ivy Terraces address, Prestige Ivy Terraces Bangalore, Prestige Ivy Terraces floor plan, Prestige Ivy Terraces Location

Reader’s Please share your opinion about this project.

Connect Me to Builder with Best Offers

captcha

6 Comments added. Join the Discussion

  1. Suhas

    The Prestige Ivy Terraces is well connected with access to Hospitals, Bus Stops. But is far from Railway Stations, Metro Stations. It has access to Hospitals like Sakra World Hospital and Roads like OuterRing Road and Bus Stops like New Horizon College Bus Stop. This project is recommended for people who use car more frequently for commuting

Add your Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>