Q: After selling prestige shantinikaten at exorbiant price , the builder is now forced to sell its new projects at much lower price. Do you know why? - because on of their towers collapsed and had to be rebuilt in shantiniketan project. Despite their high profile brand - they have used low quality material in construction. Despite this incident they have not improved their standards and are now doing cost cutting further to sell their new projects at attractive price at the cost of safety and quality . Even local builders have better standards.
I would advise all to stay away from this builder especially NRIs as they cannot monitor the construction quality. Do not buy these apartments for investment as they will not have any resale value. People who know the builder are not buying for fear that some tower may collapse.
It is better to go for some reputed builder like Shobha, Purva ,Mantri etc... just to name a few. I think there is no lack of quality builders in bangalore to choose.
How come you know so much about the builder? Are you a resident of Prestige Shantinikaten or Prestige Tranquility because I heard that they are one of the leading builders in Bangalore?