Frequently Asked Questions
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Prestige Minsk Square
Others, Bangalore, Karnataka
PRESTIGE ESTATES PROJECTS LIMITED
PRESTIGE MINSK SQUARE is a premier commercial project located on the bustling Cubbon Road in Bangalore. This strategically positioned development offers a unique blend of retail and office spaces, catering to the diverse needs of businesses and consumers alike. The project features a total of 24 units, designed to provide ample opportunities for both shopping and professional activities.
The project emphasizes modern infrastructure and sustainability, incorporating advanced systems for energy management, including LED lighting and timer control panels to enhance energy efficiency. Additionally, comprehensive fire safety systems are in place to ensure the safety of all occupants.
With its prime location, PRESTIGE MINSK SQUARE offers excellent connectivity to major highways and is in proximity to key landmarks, making it an ideal investment for businesses looking to thrive in a vibrant urban environment. The project is designed to provide a modern and functional space that meets the demands of contemporary commerce, ensuring a successful venture for all stakeholders.
What is PRESTIGE MINSK SQUARE?
PRESTIGE MINSK SQUARE is a commercial project located on Cubbon Road, Bangalore, offering retail and office spaces.
What types of units are available?
The project features a total of 24 units designed for both retail and office purposes.
What infrastructure is integrated into the project?
The project includes modern energy management systems, including LED lighting and comprehensive fire safety measures.
What are the key transit points nearby?
PRESTIGE MINSK SQUARE is well-connected to major highways and is in proximity to key landmarks in Bangalore.
Is this a good investment opportunity?
Yes, with its prime location and modern amenities, PRESTIGE MINSK SQUARE presents a promising investment opportunity for businesses.
Basic Information
- Price Range:
- Property Type: Retail Space-Mall + Office Space- Commercial/Mall
- Flat Type:
- Project Status: Ready To Move
Project Details
- Possession Date: Quarter 4 2022
- Project Span:
- No of Towers:
- Total No of Units: 24
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Prestige Minsk Square
- Address: Cubbon Road, Bangalore, Bengaluru, Karnataka
- Sector: Cubbon Road
- Locality: Others
- City: Bangalore, Karnataka
- Builder: PRESTIGE ESTATES PROJECTS LIMITED
RERA Authority
Karnataka Real Estate Regulatory Authority
RERA Registration Number
PRM/KA/RERA/1251/309/PR/200811/003524
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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
