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Prestige Ocean Pearl
Calicut, Kozhikode, Kerala
PRESTIGE ESTATES PROJECTS LIMITED
PRESTIGE OCEAN PEARL is a premier residential project located in the heart of Calicut, offering a blend of modern living and coastal charm. Developed by Prestige Estates Projects Limited, this project features four towers that house a total of 530 meticulously designed apartments, ranging from 3 BHK to 4 BHK configurations. Each apartment is crafted with attention to detail, ensuring a luxurious living experience.
The project is strategically situated on Calicut Beach Road, providing residents with easy access to the city's key amenities, including beaches, shopping centers, and educational institutions. The design emphasizes spacious layouts, natural light, and ventilation, creating a welcoming atmosphere.
In terms of infrastructure, PRESTIGE OCEAN PEARL is committed to sustainability and modern living. The project includes a centralized sewage treatment plant (STP) for effective waste management, ensuring a clean and eco-friendly environment. Additionally, the development incorporates energy-efficient systems, including LED lighting and timer control panels, to promote energy conservation. Fire safety is a top priority, with comprehensive fire protection systems in place to ensure the safety of all residents.
Residents will also enjoy a range of amenities designed to enhance their lifestyle, including landscaped gardens, indoor games rooms, and dedicated parking spaces. The project is designed to cater to the needs of families, making it an ideal investment for those seeking a luxurious and comfortable living experience in Calicut.
What is PRESTIGE OCEAN PEARL?
PRESTIGE OCEAN PEARL is a residential project located in Calicut, offering 3 BHK and 4 BHK apartments with modern amenities.
What types of apartments are available?
The project offers 3 BHK and 4 BHK apartments, designed for luxury and comfort.
What infrastructure is integrated into the project?
The project features a centralized sewage treatment plant (STP) for effective waste management and energy-efficient systems.
How is fire safety ensured?
PRESTIGE OCEAN PEARL is equipped with comprehensive fire protection systems to ensure resident safety.
What amenities are offered at PRESTIGE OCEAN PEARL?
The project includes landscaped gardens, indoor games rooms, and dedicated parking spaces.
What are the key benefits of the location?
The project is strategically located on Calicut Beach Road, providing easy access to beaches, shopping centers, and educational institutions.
Is PRESTIGE OCEAN PEARL a good investment?
Yes, with its prime location, modern amenities, and sustainable infrastructure, PRESTIGE OCEAN PEARL presents a strong investment opportunity.
Basic Information
- Price Range:
- Property Type: Apartment
- Flat Type: 3 BHK, 4 BHK
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 2 2028
- Project Span: 2.66 Acres
- No of Towers: 4
- Total No of Units: 530
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Prestige Ocean Pearl
- Address: Calicut, Calicut Beach Road, Kozhikode, Kerala
- Sector: Calicut Beach Road
- Locality: Calicut
- City: Kozhikode, Kerala
- Builder: PRESTIGE ESTATES PROJECTS LIMITED
RERA Authority
RERA Registration Number
K-RERA/PRJ/KKD/139/2022
Project
Neighborhood
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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
