Prisha Orchids Apartment available with 2, 3 and 4BHK Apartments Located off Thanisandra Main Road, Bangalore

Prisha Orchids Apartment of Prisha Properties available with 2BHK, 3BHK and 4BHK Apartments Located off Thanisandra Main Road, Bangalore.

Description:

Prisha Orchids

Orchids reflects a very unique design and concept that truly helps life bloom in all its splendor. Designed to be a green,smart and visually appealing residential space that will be home to 167 luxury apartments, it will also be an IGBC Gold rated Green project offering 2, 3, 4BHK apartments and Pent house options. A very expansive, feature rich Club house will make Orchids a sought after residential abode for the discerning few.

The spacious, open-plan apartments with large floor to lintel height corner windows, facing planted verandahs differentiate Orchids from other regular offerings, allowing unhindered views and generous light and air to the residents.

The park that runs the entire length of site, allowing tall tree planting forms a green reserve and buffer from the upcoming busy road. There is also a promenade that will be developed, linking the 3 access cores of the three blocks and guiding the user from the main reception lobby, offering a constant view of this front park. A variety of enclosed, open and semi-open recreational spaces will form points of interest along this path.

Builders can't hide 'actual living area' from buyer

The tough new law to regulate the real estate industry places several curbs on builders. If there is sufficient reason for a builder to cancel a sale deed, a notice will have to be given and the money paid will be returned with interest fixed to bank rate. The promoters will have to furnish a bank guarantee equal to 5% of the estimated cost of the project.

The proposed bill mooted by the housing ministry, a draft of which has been circulated to all stakeholders, has asked promoters to submit details of approval and sanctions from civic agencies and bank guarantees furnished. The draft bill has maintained the power of civic agencies to approve the project. It will be the responsibility of the developer to give information to buyers relating to nature of the title to the land, the layout plan sanctioned by local authorities and the plan of development works.

The big advantage of the law would be that civic agency details will be given to the regulators. The developers also cannot hide the "actual living space" they are offering to buyers as they have to distinguish the carpert area, super area and common area along with the plan and specifications of apartments.

The consumer can ask promoters to spell out the details of common services like supply of electricity, water, sewage and drainage, lift, light in passages and staircases, sanitary services and fire-fighting instruments in the project. 

And if developers fail to provide these services, consumers can approach the regulator, which can also take suomotu cognizance and inquire into the matter and pass orders as it may find necessary.

If there is any deviation from the advertisement, thepromoter has to compensate buyers for any loss due to false information. In case of pulling out of a project, the builder has to return the money with interest at a rate not more than current rate.