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Home > Forum > Bangalore > Electronic City Phase II > Residential Project Review > Detail about Prabhavathi Paramount

Detail about Prabhavathi Paramount

Q: I heard that the project is approved by panchayat. Is that true? If yes will I get loan from all the leading banks?

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Bangalore Electronic City Phase II Prabhavathi Paramount Residential Project Review Residential Project Review in Bangalore Residential Project Review in Electronic City Phase II Residential Project Review in Prabhavathi Paramount
Replies (6)
1
Dear All,
Is it advisable to buy flat from Prabhavathi Paramount A - block in AnandNagar. Please suggest!! Is it safe to go . Also, how about the building quality?
Raman Ramya


2
How is the reputation of the builder? How many projects has been completed by the builder?
Rameswari


Prabhavathi has successfully constructed within time and budget more than 10 apartments at various locations in South Bangalore till date. The builder has already completed 19 projects in Bangalore.
Dharmesh Shukla,  Bangalore
4th September 2013


3
How is Electronic city Phase II from investment point of view?
Rameswari


If you are looking for a short term invest I would advice you invest in EC Phase I as the area is already developed and all big and branded builder like Ajmera, Concorde etc already have their presence in Phase I. But if you are looking for a long term investment you can consider EC Phase 2 as this area will take time for development and till now no reputed builders have come up with their project. EC Phase II is getting developed slowly and the real estate is also booming. Once the proposed PRR gets functional you can expect a good return from Phase II.
Chetan Hansraj,  Bangalore
4th September 2013


After two to three years you can expect good appreciation in Ananthnagar as the area is developing but in electronic city appreciation is dwelling high on every quarter. :) :)
Indrajit Kaul,  Bangalore
26th February 2014


4
Is it safe to invest in a project which is approved by gram panchayat?
Madhav Deb


Before buying a property which is approved panchayat check all the documents and take help from legal expert. There is a problem that you can take loan only from selective banks for these kind of projects. I heard that the project will have corporation water which I am not sure what is it.
Indrajit Kaul,  Bangalore
4th September 2013


5
What is rate per sqft they are quoting? How many block will be there in this project and when is the possession?
Rameswari


The rate per sqft they are quoting is rs 2650. The project is coming up with two block A and B. Block A is expected to get completed by 8 months from now and Block B is expected to get completed with 15 months from now.
Dharmesh Shukla,  Bangalore
4th September 2013


What are the types of apartment the project is offering? What is the exact location of the project?
Hardik,  Bangalore
26th February 2014


Prabhavathi Paramount offers 1,2 and 3 bedroom apartments. The project is located Near Biocon, Meenakshi Layout, Ananth Nagar, Electronic City Phase II. You can check the Route map here
Bala Subramanium,  Bangalore
26th February 2014


They have increased the rate per sqft to Rs 2900. The price of the apartment ranges from Rs 17 lakhs to Rs 36 lakhs approximately.
Dharmesh Shukla,  Bangalore
26th February 2014


6
Yes the project has been approved by Gram Panchayat and only Andhra and Canara bank are providing home loan for this project.
Bala Subramanium


7

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