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Prestige Featherlite Tech Hub
Panathur, Bangalore, Karnataka
PRESTIGE ESTATES PROJECTS LIMITED
Prestige Featherlite Tech Hub is a premier commercial project located in the bustling Varthur Hobli of Bengaluru, designed to cater to the growing demands of the tech industry. This project features a blend of retail spaces, office spaces, and food court areas, making it an ideal destination for businesses looking for modern infrastructure and connectivity. The project spans over 3.86 acres and includes three towers, providing ample space for various commercial activities.
The development emphasizes modern infrastructure and sustainability, ensuring a conducive environment for businesses. The project is equipped with advanced systems for energy management, including LED lighting and timer control panels, to enhance energy efficiency. Additionally, comprehensive fire safety systems are integrated to ensure the safety of all occupants.
Strategically located in Panathur Village, Prestige Featherlite Tech Hub offers excellent connectivity to major highways and is in proximity to residential areas, making it a prime location for businesses. The project is designed to provide a vibrant community atmosphere, with ample parking space and landscaped areas, enhancing the overall experience for visitors and tenants alike.
Investing in Prestige Featherlite Tech Hub not only provides a lucrative opportunity for businesses but also places you in a hub of technological innovation, making it an ideal choice for companies looking to establish themselves in Bengaluru's thriving commercial landscape.
What is Prestige Featherlite Tech Hub?
Prestige Featherlite Tech Hub is a commercial project located in Varthur Hobli, Bengaluru, featuring retail spaces, office spaces, and food court areas.
What types of units are available?
The project offers a variety of commercial units, including retail spaces, office spaces, and food court areas.
What infrastructure is integrated into the project?
The project includes advanced energy management systems, LED lighting, and comprehensive fire safety measures.
How is the location of Prestige Featherlite Tech Hub beneficial?
The project is strategically located in Panathur Village, providing excellent connectivity to major highways and proximity to residential areas.
Is Prestige Featherlite Tech Hub a good investment opportunity?
Yes, the project is located in a thriving commercial area, making it an ideal choice for businesses looking to establish themselves in Bengaluru.
Basic Information
- Price Range:
- Property Type: Retail Space-Mall + Office Space- Commercial/Mall + Food Court Space
- Flat Type:
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 4 2025
- Project Span: 3.86 Acres
- No of Towers: 3
- Total No of Units: 389
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Prestige Featherlite Tech Hub
- Address: Varthur Hobli, Panathur Village, Bengaluru, Karnataka
- Sector: Varthur Hobli
- Locality: Panathur
- City: Bangalore, Karnataka
- Builder: PRESTIGE ESTATES PROJECTS LIMITED
RERA Authority
Karnataka Real Estate Regulatory Authority
RERA Registration Number
PRM/KA/RERA/1251/446/PR/071124/007202
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PRESTIGE ESTATES PROJECTS LIMITED
- No of Complaints: Not Available
- States (Active in): Karnataka
Introduction
PRESTIGE ESTATES PROJECTS LIMITED has established itself in Karnataka's real estate market. However, their track record regarding legal disputes raises questions that potential buyers should consider. In this article, we will analyze the builder's performance based on the number and outcomes of legal complaints and offer valuable advice for prospective investors.
Legal Overview
Complaint Statistics- Number of Complaints: 6
- Cases Won: 1
- Cases Lost: 5
The builder has experienced numerous legal challenges, with a significantly higher number of losses compared to wins. This disparity may reveal underlying issues in customer satisfaction and adherence to promised project timelines.
Case Analysis
Patterns in Lost Cases
In the one case that PRESTIGE ESTATES PROJECTS LIMITED lost, the complainant sought delay compensation for an 18-month delay in possession. Here, the developer argued that they had provided possession within the stipulated timeframe and relied on positive feedback from the complainant. Despite these arguments, the authority dismissed the complaint and directed the developer to execute a sale deed within 30 days.
Common Factors in Lost Cases:- Delays in Possession: The case reflects a recurring issue of delays in project completion.
- Customer Discontent: The need for compensation suggests customer dissatisfaction with the builder's performance.
Patterns in Won Cases
Conversely, the five cases the builder won show some consistent themes as well:
- Timeliness of Project Completion: In multiple instances, the builder asserted that they completed the project on or before the agreed date.
- Customer Payment Issues: Complaints regarding delayed possession frequently connected to the plaintiffs' payment lapses, implying that the builder often maintained the upper hand when it came to payment and contractual obligations.
- Compensation Agreements: One case was settled out of court with an agreement on compensation, highlighting possible negotiation strengths.
- Defensive Claims of Timeliness: The builder successfully demonstrated project completion within deadlines in a series of complaints.
- Responsibility on Buyers: Several victories hinged on the buyers' delays in payments, shifting some … Read more
