Purva Highland Phase II review

According to me, it is a good idea to invest in this project as it is located on good location and moreover the project is by Purvankara, one of the reputed builder in the real estate industry.

Please check with your lawyer. This does not have an OC and Khata cannot be transferred to your name. It is not a good investment. The builder has reduced his price drastically and he has done this because he could not sell phase 1 for 8 years now. Phase 2 will take another 5 years or completion going by his pace of construction/ sales. According to me, it's a bad choice and i have rejected this for the same reason.

Vijay - One thing that I would like to mention is Purva has provided a letter from a reputed Law agency stating that since it falls under BMIC, at present OC is not required for the property.
Second - Purva is working towards katha provision as recently the Malasandhra village has been transferred to BBMP. So there is a confusion on when BBMP would provide Katha transfer.
As for price drops - At least to my knowledge, their on going price for Phase 1 is 3690/sqft and phase 2 High Crest is 3240/sqft as it is still under construction, while Phase 1 is ready to move in. There has not been any price depreciation. The price difference between under construction and ready to move in would be see at any place.
More over the entire Purva Highlands is still under construction.
In phase 1 of the close to 800 apartments - only 80 flats are yet to be sold, so request you to get your records checked first.

Vijay - One more thing let me bring to your notice. if a property of just one building with even 10 floors has to be developed, it takes at least 2 years and it is natural that it gets extended by 6 -8 months. So for a project of this scale (forget whether it is Purva or Shoba or Mantri), any builder would take a few extra years. Another important thing is that the booking in these kind of projects first of all does not ever start during Bhoomi Puja / Ground Breaking. However it is done only once the construction is half way through

Dear readers, I have made an attempt and checked with HDFC, SBI and other reputed banks that are incidentally also channel partners for Puravankara. They very clearly mentioned that a builder of such repute would not falter on such things and would ensure that the owners get the things transferred in their names, may be it might take some time.More over because Malasandhara Village has moved / transferred to BBMP recently and due to the change in government in Karnataka, the regularisation process may take time, however it will surely happen
I hope this clears views. But it is the call of the buyer to decide. I am only stating what I have heard from authentic agencies