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Prestige Ivy League

Project Highlights

Home Buyers Team Home Buyers Voice
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Prestige Ivy League by Prestige Group                           

Prestige Ivy League is a upcoming project by Prestige builders, this high-rise Towers located on HITEC City Road, Hyderabad. The project will comprise of 2, 3 & 4 Bedroom Units and is situated near the Kothagudu Junction. The project location is in close proximity to Schools, Colleges, Malls, IT Hub etc.

The project basically situated in Kondapur, Hyderabad. The location of the project is advantageous for homebuyers, because its close to many MNC companies, major educational institutes, Medical Centers, shopping spots and many more.

The 2 BHK homes price starts from 78 lakhs onwards. This project is offered at a cheap price at Rs. 5950 /- per sqft (price as on April 2015 – Including Club House & Car Parking) which suits all categories of families. Floor rise will start from third floor onwards and Rs 20 will the charged there on for each floor.

 

FAQ of  Prestige Ivy League

  1.  WHERE AND WHAT IS PRESTIGE IVY LEAGUE?
    Prestige Ivy League is located on Hitech city to Kondapur stretch between Google and TCS (E-­‐‑ park building),   Hyderabad. This is a residential development set in 4.96 acres of land. The project consists of 349 apartments spread across 3 Towers having 17 levels.
  2. WHO IS THE ARCHITECT?
    RSP, Bangalore is the architect.
  3. WHAT IS ITS DISTANCE FROM HI TECH CITY?
    The distance to Prestige Ivy League from Hi Tech city is 1.8Kms.
  4. WHAT ARE THE DIFFERENT TYPES OF APARTMENTS AND WHAT ARE THEIR SIZES?

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  1.  IS THERE ANY DIFFERENTIAL PRICING BASED ON THE FLOORS OR ORIENTATION OF APARTMENTS?
    Yes, there is a differential pricing for apartments. For every level/floor there is a floor rise charges of Rs. 20/-­‐‑ per   sft applicable from level 3 onwards.
  2.  IS THERE A CLUBHOUSE, IF YES, WHAT ARE THE FACILITIES?
    Yes, there is a 27,000 sft Clubhouse that is fully equipped with Swimming Pool, Gymnasium, Yoga & Aerobics   Hall, Health Club, 4 Guest Rooms, Theatre, Squash Court, Badminton Court, Indoor Board games, Table Tennis. Space provisioned for Party hall, ATM, Pharmacy and Super market.
  3. WHEN DOES THE DEVELOPMENT START AND WHEN CAN I EXPECT TO MOVE INTO MY NEW HOME?
    Excavation has already begun and the first pour of concrete will commence by August 2015. Your new home will  welcome you by Jan 2019.
  4. WHAT ABOUT CAR PARKING SPACE?
    We shall provide one car parking space for 2 BR and 3 BR (1738 sft) two car parking spaces for 3 BR (2051 sft) and three car parking spaces for 4 BR apartments. Additional car parking request will be taken up towards project   completion.
  5. IS THE TITLE OF THE PROPERTY CLEAR?
    Of course! You are dealing with Prestige. The land is freehold, marketable and free from all encumbrances.
  6.  WHO ARE THE LEGAL ADVISORS?
    Tatva Legal, Hyderabad
  7. HAS THE GHMC SANCTIONED THE PLANS?
    Yes, the development plan has been sanctioned by the GHMC.
  8. HOW DO I BOOK MY HOME AT PRESTIGE IVY LEAGUE?
    Fill the Booking Application Form
    Booking amounts payable by Cheque/DD favouring “ʺPRESTIGE ESTATES PROJECTS LTD”ʺ
    together with required supporting documents

The booking Amount is 20% of the sale value, with the current dated cheque of below amounts and second cheque for balance 20% dated 30 days from booking.

2 BR Rs. 5,00,000/-­‐‑
3 BR Rs: 7,00,000/-­‐‑
4 BR Rs: 9,00,000/-­‐‑

  1. WHAT HAPPENS THEREAFTER?
    On receipt of balance booking amount within 30 days against which a formal lemer of allotment will be issued. Agreements will follow after completion of allotment process.
  2. 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.
  3.  CAN I MAKE A 100% DOWN PAYMENT?
    Yes. This offer is applicable for a limited period only. Please check with the sales team for more details.
  4. 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.
  5.  WHAT ARE THE OTHER ADDITIONAL AMOUNTS TO BE PAID?
    Electricity/ Water(HMWSSB) Charges, Contribution to the Sinking Fund, Advance Maintenance Charges, Generator Charges, Mutation & 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.
  6. WHAT HAPPENS IF I CANCEL MY BOOKING?
    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.
  7. 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, at the time of possession.
  8. WHEN WILL REGISTRATION TAKE PLACE/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.
  9. 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. The 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 lemers 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 realised as per the payment schedule.
  10.  HAS PRESTIGE IVY LEAGUE BEEN APPROVED BY BANKS/HOUSING FINANCE  INSTITUTIONS (HFIS)  FOR LOANS?
    Yes, leading HFIs have approved the development and will extend loans to customers based on their specified criteria.
  11.  WHAT IS MY RESPONSIBILITY FOR DISBURSEMENT OF INSTALMENTS THROUGH HFIS?
    It is your responsibility to ensure timely disbursement of instalments from HFIs. To facilitate smooth payments, customers are required to issue a consent lemer. Post Dated Cheques handed over for the instalments will be returned on receipt of the payment from the HFI.
  12. WHO WILL TAKE CARE OF THE MAINTENANCE OF THE PROPERTY?
    The maintenance will be taken care of by Prestige Property Management & Services. You can now be rest assured that Prestige Ivy League will be cared for by professionals.
  13.  WHAT IS THE SCHEME FOR MAINTENANCE?
    The scheme for maintenance is as under: A sum of Rs. 48/-­‐‑ 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 favouring the Property Management Company. An additional sum of Rs. 48/-­‐‑ 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.
  14.  WILL THERE BE A VALIDITY TO THE PRICE LIST?
    The prices are subject to change from time to time, subject to the discretion of the Management.
  15. AM I PERMITTED TO SHIFT MY BOOKING?
    No, you are not permimed to shift your booking either to a different block or to a different project.
  16.  WHAT IS THE MAIN SOURCE OF WATER?
    Water will be obtained through the available ground water &HMWSSB supply. Water Recycling Plants, Rain Water Harvesting and other methods for optimum use of water resources are planned.
  17.  WHAT IF I HAVE ANY MORE QUESTIONS/CLARIFICATIONS?
    Please email us at: pil@pres(geconstruc(ons.com or Call / visit our offices as per the details mentioned below:

PrestigeEstates Projects Ltd.
Level 1, Merchant Towers
Road no: 4, Banjara Hills
Hyderabad – 500034
040 – 23351440 / 41
Or
Site address
PrestigeEstates Projects Ltd
Prestige Ivy League
Survey no: 14 (P), Kondapur Village
Serilingampalli (Mandal)
Ranga Reddy District
(Land Mark: between Google and TCS E park building )
040 – 6518 0002 / 03

Prestige Ivy League Key Location and Distances:

Location Map
  • Nearest Bus stop ISB Road
  • Nearest Metro Station Kukatpally stop
  • Nearest IT Hub Jayabhevi Silicon Tower
  • MG Road 15.8 Kms
  • Hyderabad International Airport 10.3 Kms

Prestige Ivy League Floor plan:

Master Plan

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Prestige Ivy League Amenities:

ATM Space, Badmintion Court, Club House, Gymnasium, Health Club, Indoor Board Games, Party Hall, SWimming Pool, Table Tennis, Yoga and Aerobics Hall

Prestige Ivy League Neighborhoods

About the Builders

The Prestige Group owes its origin to Mr. Razack Sattar, 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 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.

Home Buyers Team
By Home Buyers Team February 17, 2015 17:51 Updated