Prestige Pine Wood

Prestige Pine Wood

Prestige Pine Wood - a luxurious and budget friendly residential apartment by Prestige Group of Developers and is conveniently located at Koramangala (Jakkasandara) Bangalore. The master plan of Prestige Pine Wood Bangalore offers the finest view of the adjacent landscaped parks, and the overall architecture and space planning has been designed explicitly to spell luxury.

Being located at the heart of the city, Pine Wood has a good proximity to recreational zones and IT hubs in the city. Prestige Pine Wood Koramanagla is exquisitely dispersed over 2.5 acres of land. Prestige Pine Wood offers a combination of 2, 2.5, 3 and 4 BHK residential units with 256 premium units. Prestige Developers are trying their best to provide a perfect place to reside and it will combine tranquillity, greenery and luxury with modern technologies.

Prestige Pine Wood is located in the midst of a well-established and sought after location and in the proximity of prime areas of the city. Needless to say the project location provides an enhanced connectivity to Electronic city, Bannerghatta road and is well connected to all IT Corridors etc.

Prestige Pine Wood surrounding includes Health facilities, shopping malls, recreational centres and well reputed educational institutions etc. With the world-class amenities, Pine Wood provides 75% open space too. Pine Wood Koramangala will be a dream dwelling along with a smart investment option.

Today’s generation is becoming more mechanic because of busy lifestyle. By keeping in this mind Prestige Developers Bangalore come up with the very best in outdoor recreation to enhance healthier lifestyle for each its residents.

A well-integrated club house is closely knit with futuristic amenities such as a mini theatre, gymnasium, banquet hall, billiards & TT room, along with a temperature controlled swimming pool and a spa. The Landscape and views that are captured from all around only enhance the feel of space and unobstructed expanse making it a truly pleasurable place to be. The use of modern tasteful materials and finishes finally complete the overall theme that the design seeks to achieve.

Prestige Pine Wood – Amenities

  • 24 hours water and Security
  • Children’s Play Area
  • Conference Room
  • Gymnasium
  • Health Club & Beauty Parlor – for men & women
  • Lift (6 Passengers)
  • Party Hall & Terrace Garden
  • Swimming pool
  • Community Hall
  • Rainwater Harvesting – To do our part
  • Gym
  • Club House
  • Steam Jacuzzi
  • Children’s Play Area
  • Video Doorbell
  • Squash Court
  • Billiards
  • Table Tennis
  • Mini Theatre

Prestige Pine Wood – Location Map

Prestige Pine Wood Location Map

Prestige Pine Wood – Price, Options and Possession

  • Rate per Sq Ft  – 12,000 Rs. & Booking amount – Rs.5,00,000/- on wards.
  • BHK Options – 2 BHK, 2.5 BHK, 3 BHK and 4 BHK.
  • Size – 1249 Sq Ft to 2503 Sq Ft.
  • Possession : March,2019.

Prestige Pine Wood – Project Area, Open Space and Key Highlights

  • Project Total Area – 2.56 Acres.
  • Total Units – 256.
  • No Of Floors – 14.
  • No Of Towers – 3.
  • Total Open Space – Vast Open Space.

Prestige Pine Wood – Project Specification

Structure:

  • RCC Framed Structure
  • Cement Blocks for All Walls

Lobby:

  • Elegant Lobbies with Flooring and Lift Cladding in Granite/Imported Marble
  • Textured Paint on all Lobby Walls and OBD on Ceilings
  • Kota stone in Service Lobby, Service Corridor and Staircases and Textured Paint on Walls

Lifts:

  • Suitable Size and Capacity Passenger and Service Lifts in Every Tower.

Apartment Flooring:

  • Imported Marble in the Foyer, Living, Dining, Corridors, Family Area and Master Bedroom.
  • Vitrified Tile Flooring in Other Bedrooms
  • Master Toilets will have Imported Marble on the Floor and Walls up to the Ceiling
  • Other Toilets will be done with High Quality Ceramic Tile
  • Anti-skid Ceramic Tiles in Balconies

Kitchen:

  • Ceramic/Vitrified Tiled Flooring and 2 Feet Ceramic Tile Dado over the Granite Counter
  • Double Bowl, Single Drain Steel Sink with Single Lever Tap

Utility, Maid’s Room And Toilet:

  • Ceramic/Vitrified Tiled Flooring and Ceramic Tile Dado for the Utility
  • Ceramic Tiles Flooring for the Maid’s Room
  • Ceramic Tile Flooring and Dado in the Maid’s Toilet

Toilets And Fittings:

  • Granite for the Counters with Counter Top Wash Basins and Wall Mounted EWCs
  • Shower Panel in the Master Toilet
  • Glass Partitions in other Toilets with High Quality Chrome Plated Fittings
  • Wall Mounted EWCs
  • Geysers in all Toilets except the Maid’s Toilet

Painting:

  • Cement/Textured Paint on External Walls
  • Emulsion on Internal Walls and OBD on Ceilings
  • Enamel Paint on all MS Railings

Doors And Windows:

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

Electrical:

  • Concealed Wiring with PVC Insulated Copper Wires and Modular Switches
  • Sufficient Power Outlets and Light Points will be provided
  • 8KW Power will be provided for 4BR Units
  • 6.5 KW Power will be provided for 3BR
  • 4KW for 2BR and 2.5 BR Units
  • Cable TV and Telephone Points provided in the Living Area and all Bedrooms
  • Internet Point will be provided in the Study Area
  • Provision for Installation of Spilt AC in the Living and all Bedrooms
  • ELCB and Individual Meters will be provided for all Apartments

Security System:

  • Security Cabins at all Entrances and Exits with Peripheral CCTV Coverage
  • Door Video Phone and Intercom Facility for All Apartments

DG Power:

  • DG Back-up provided for all Common Services
  • 100% Power Back-up provided for all Apartments at Additional Cost.

Prestige Pine Wood – Master Plan

Prestige Pine Wood Master Plan

Prestige Pine Wood – Sq.ft Size, Basic Price and Booking Amount

Unit Type Size (Sqft) Price Booking Amount
2 BHK 1249 149.88 Lacs 500000
2 BHK 1516 181.92 Lacs 500000
2 BHK 1853 222.36 Lacs 500000
2.5 BHK 1385 166.20 Lacs 750000
3 BHK 1839 220.68 Lacs 750000
3 BHK 1866 223.92 Lacs 750000
3 BHK 1945 233.40 Lacs 750000
4 BHK 2461 295.32 Lacs 1000000
4 BHK 2462 295.44 Lacs 1000000
4 BHK 2502 300.24 Lacs 1000000
4 BHK 2503 300.36 Lacs 1000000

Prestige Pine Wood – Accessibility and Key Distances

  • Location – Koramangala, Bangalore
  • Distance from MG Road – 7.7 Kms
  • Distance from Railway Station – 12.6 Kms
  • Distance from Airport – 47 Kms
  • Nearest Metro station – 7 Kms (Indiranagar Metro Station)
  • Nearest Ring Road – 3 Kms (Bellandur / ORR)

Prestige Pine Wood – Floor Plan

Prestige Pine Wood Floor Plan

Prestige Pine Wood Floor1

Prestige Pine Wood Floor2

Prestige Pine Wood Floor3

Prestige Pine Wood – Neighborhood

Nearby Schools:

  • SCHOOL OF BUSINESS MANAGEMENT – 100 mts
  • St Francis High School – 650 mts
  • Sandeepani – 450 mts
  • Greenwood High Pre School Activity Centre – 1 km
  • Asia Pacific World School – 700 mts
  • Chinmaya Vidyalaya – 950 mts
  • St. Francis School – ICSE – 600 mts
  • Bangalore Public School – 750 mts
  • Many more…

Nearby Hospitals:

  • Cherish Infertility Clinic – 260 mts
  • Beams Hospital – 750 mts
  • Shilpa Homeopathic Clinic & Pharmacy – 260 mts
  • Manipal Clinics – 650 mts
  • SHRADDHA healthcare & nursing – 240 mts
  • Greenview Medical Center – 1.2 km
  • Marvel Hospital – Infertility Clinic & Gynecologists – 500 mts
  • St. John’s National Academy of Health Sciences – 1.5 kms
  • Many more…

Nearby Workplaces:

  • ENZYME TECHNO PARK – 900 mts
  • Vikas Tech Park – 2 kms
  • Infomart (India) Pvt. Ltd. – 1.6 kms
  • AMR Tech Park – 3.4 kms
  • Ozone Manay Tech Park – 4 kms
  • Bagmane Tech Park – 7 kms
  • Kotak Mahindra Bank ATM – 4 kms
  • Teledna Communications Pvt Ltd – 3 kms
  • Prestige Tech Park II – 7 kms
  • Many more…

Nearby Shopping Malls, Banks and Restaurants:

  • Forum Mall – 2.5 kms
  • Tibet Mall – 2 kms
  • The Oasis Centre – 1.1 kms
  • ICICI Bank
  • Allahabad Bank – Koramangala
  • State Bank Of Mysore
  • Axis Bank
  • Fed Ban
  • Barbeque Nation
  • Umerkot Residency
  • Lazeez Restaurant
  • Bistro Claytopia
  • Many more…

Prestige Pine Wood – Surrounding Developments

Bangalore is blessed with few locations that are tranquil and unspoilt with fresh air, greenery, beautiful natural surroundings, fast-lane connectivity to work places, reputed educational institutions, and medical facilities. One such locale is Sarjapur.

Real estate development in the Sarjapur Road micro-market began with the setting up of a prominent IT major’s campus there. The development of the Sarjapur micro-market happened on account of its proximity to the IT clusters around the Outer Ring Road (ORR), Whitefield and Electronics City. Proposed Satellite Town Ring Roads (STRR) and Intermediate Ring Roads (IRR) will connect Sarjapur to all major parts of Bangalore and International Airport. Whitefield, Electronic City, ORR, IT SEZ Parks, Hosur, Attibelle and SIPCOT industrial areas are all close to Sarjapur.

Infosys is planning their IT Campus and Wipro is working on developing a University in Sarjapur. Education institutions such as TISB, Indus, Prakriya, Gear, Delhi Public, Greenwood High are some of the schools in the vicinity. Hospitals such as Narayana Hrudayalaya, Sparsh, Sathya Sai and Vydehi are close to Sarjapur.

The majority of entry and middle level employees working in IT/ITeS companies on ORR prefer staying on Sarjapur Road and surrounding locations due to availability of housing at relatively lower rentals when compared to other areas, and also due to proximity to the workplace. As a result, Sarjapur Road has emerged as a prime destination for such individuals. Factors contributing to development Factors that have worked in favor of its emergence as a micro-market are availability of land for commercial development, presence of a sizeable IT/ITeS population in the sub-market, presence of an IT major’s campus and another’s proposed campus on Sarjapur Road and well-established social infrastructure including schools, hospitals etc. It offers easy access to the ORR, with just 10-15 minutes’ travel time to get there, and to Whitefield and Electronics City at 30 minutes.

For valid reasons, Sarjapur is fast becoming a sought after residential destination. Residential developments are in early stage and therefore offer a unique opportunity for buyers at this point in time.

Commercial market overview:

The office sector in this sub-market is at a nascent stage of development. There are some notable office developments in this sub-market. The category of commercial buildings coming up here is primarily IT projects, with IT/ITeS companies showing preference to take up space here. The Sarjapur Road micro-market is witnessing improvement in demand for office space, mainly for buildings with large floor plates, due to the lack of options on the ORR. This is likely to create upward pressure on rental values on Sarjapur Road. ORR will remain the most attractive micro-market for the next 3-5 years owing to availability of Grade A office spaces, land for expansion and support infrastructure. Strong demand for office space in ORR and Sarjapur Road is expected to push the rental values up in these micro-markets.

Residential market overview:

Upcoming residential localities in this belt are Haralur Road, Kasavanahalli, Somapura and B Hosahalli. Proximity to the IT hubs on ORR, Electronics City and Whitefield, relatively affordable prices, which attracts young IT professionals, good availability of land parcels for development, upcoming commercial and retail developments, and well-established social infrastructure. The presence of a large IT campus has strengthened investor sentiment on this location. This micro-market has huge potential as it is close to the IT hubs of the city. With significant office space supply in the pipeline and rise in affluent employee base in this part of the city, the demand for housing is likely to sustain. A good portion of the demand is expected to drive sales in the mid-segment housing category in this sub-market in the near term. High-end projects are likely to do well in the medium to long terms.

Upcoming residential neighborhoods in this region Yemalur, Bellandur, HSR Layout, Sarjapur Road and Haralur Road are steadily gaining traction owing to their proximity to the ORR. Today, the ORR (Sarjapur-Marathahalli-Hebbal belt) is the most promising organized retail destination with immense potential for development since this is the largest IT/ITeS corridor, with substantial commercial and residential growth, good connectivity, proximity to catch meant areas, limited retail options presently and requirement for retail support.

Presently, there is only one mall on Sarjapur Road. The traditional retail market has been the preferred destination for almost all types of retail activity. This is mainly due to the lack of organized retail space like shopping malls and hypermarkets. Mainly hypermarkets, food chains and apparel stores are entering this market. Ongoing residential developments, increasing population and catchments are working in favour of retail growth here.

The Sarjapur Road micro-market is likely to witness improved demand for retail space over the next few years because of its large population base. This micro-market continues to hold immense potential for retail development as the existing developments are inadequate to meet the increasing demand.

Prestige Pine Wood – Buyer’s and Investment Advantages

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

Prestige Pine Wood – FAQ’s

 

Where is Prestige Pine Wood located?

Prestige Pine Wood is located at Koramangala ST Bed, Bangalore. This is a premium residential development spread over 2.56 acres of land. The Project consists of 256 Apartments with 3 Towers of 2 Basements + Ground +14 floors.

What are the different types and sizes of apartments?

Apartment Configuration:

Sl. No. Type No. of Bedrooms Super Built Up Area of Unit (Sqft.)
1 Type A 2 1,249
2 Type A1 2 1,586
3 Type A2 2 1,853
4 Type B 2.5 1,385
5 Type B1 2.5 1,404
6 Type C 3 1,839
7 Type C1 3 1,945
8 Type D 3 1,866
9 Type E 4 2,461
10 Type E1 4 2,503
11 Type F 4 2,462
12 Type F1 4 2,502

 

What is the distance from M.G Road?

It is about 8 kms from MG Road.

Who are the Architects/Master Planners of Prestige Pine Wood?

The RSP Architects are the key designers for Prestige Pine Wood.

Is there a club house and what are the facilities?

Yes there is a club house. It is equipped with Gymnasium, Swimming pool, Health Club, Squash Court, Billiards, Table Tennis, Multi-Purpose Hall and Mini Theatre.

Is this a phased development and what are the time lines for completion?

The entire project will be taken up in one single phase & is expected to be ready for possession by March 2019.

Is there any differential price based on the floor and orientation of the apartments?

Yes, there is a differential pricing for apartments. Also floor-rise charges of Rs25/- per sqft. per floor is applicable.

How do I book my home at Prestige Pine Wood?
  • Identify your Apartment from available options.
  • Fill the booking application form and submit along with supporting documents.
  • Pay by cheque /DD.Cheques/DD’s should befavouring “PRESTIGE ESTATES PROJECTS LIMITED”.
  • The Booking Amount is 20% of sale value including car park.

 

What happens thereafter?

You will be required to issue post-dated cheques (PDC’S) for the remaining amount within 30 days against which a formal letter of allotment will be issued. Agreements will follow after completion of the allotment process.

 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 100% down payment?

Yes. This offer is applicable for a limited period only. Please check with the sales team for more details.

How are instalments to be paid and is it time bound?

Instalments are to be paid by way of post-dated cheques which is a pre-condition of the allotment. This schedule of payment is not linked to the progress of the construction but on a time bound basis as mentioned in the payment schedule.

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 and 15% of the sale value will be forfeited after agreements as cancellation fee and the balance will be returned (subject to statutory deductions if any) without interest.

When does the development start and when can I expect to move into my new home?

Construction commenced by August 2015 and your new home will welcome you by March 2019.

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 spaces?

We can provide one car parking space for every apartment. Additional car parking requests can be taken up for 3 and 4 bedroom apartments only towards project completion at an additional cost based on the availability.

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 BDA sanctioned the plan?

All the NOC’s have been obtained and the plan has been sanctioned by BDA.

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.

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.

What is the process of assignment?

Assignment can be done only after the Agreements have been signed, PDCs given and the new party complying with the terms and conditions of the principal agreement. Transfer fee as applicable will be required to be paid. If you have availed 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 instalment payments are paid as per the payment schedule.

What if Prestige delays the construction and possession?

Our endeavour is to complete & hand over the project as per committed time lines. However for reasons beyond our control if the project is still delayed, Prestige will pay 9% per annum on the amount collected which will be clearly brought out in the agreements.

What are the additional amounts to be paid?

BESCOM & BWSSB charges, VAT, Service tax, Sinking fund, Advance maintenance charges, Generator charges, Khata assessment charges, Registration charges and any other statutory charges and duties as applicable.

Has Prestige Pine Wood been approved by banks/Housing finance institutions (HFIs) for loans?

Yes. We will be seeking approvals from all the Leading Banks/HFIs who will extend loans to customers based on their eligibility criteria.

What is my responsibility for disbursement of instalments through HFIs?

If you have availed loan, it is your responsibility to ensure timely disbursement of instalments from FIs 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 (PDC’s) handed over for the instalments will be returned on receipt of the payment from the HFI.

Who will take care of the maintenance of Prestige Pine Wood?

The maintenance will be taken care of by Prestige Property Management & Services. You can be rest assured Prestige Pine Wood 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 sft 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 as decided by the Association/Prestige Property Management & Services. All future payments are to be made favouring the property management company.
  • An additional sum of Rs.45/-per sft corresponding to the super built 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. Amount will be eventually transferred to the owners association when formed.
What happens if I have any more questions/clarifications?

Please email us at: contact@propreview.in

 

Prestige Pine Wood – 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.

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