Prestige Tranquil
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18 insights shared by the community.
What residents appreciate the most
Developed by Prestige Group, a recognized market leader, the project has demonstrated efficient and timely execution, with structural work (G+34 floors) completed ahead of schedule and units nearing or ready for handover. It has received all necessary RERA approvals, underscoring its regulatory compliance. The project is a large-scale, well-defined community comprising 906 exclusive 3BHK high-rise homes spread across 7.85 acres, offering various size options.
The developer proudly announced the inauguration and grand handover of this high-rise luxury residential project ahead of its scheduled delivery.
The project is currently gearing up for handover, indicating completion and readiness for occupancy.
The project progressed rapidly, going from G+3 to G+33 in just one year.
This magnificent new residential community is self-contained and beautifully planned, offering 906 exclusive three-bed high-rise homes.
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The project is situated in the highly sought-after Kokapet corridor, offering a strategic location with easy access to the Outer Ring Road, making the Airport and Financial District a short drive away. It is also conveniently located near reputed international schools and benefits from ongoing road development connecting it to Neopolis. Furthermore, its proximity to the upcoming Hare Krishna Heritage Tower, a significant spiritual landmark, enhances its appeal. Units are also noted for being Vaastu compliant.
Road development work has commenced right next to the project, which will eventually improve connectivity to Neopolis.
Considering the location alone, this project stands out as the best option among its peers.
The community is strategically located, providing easy access to the Outer Ring Road, the Airport, and the Financial District, along with being close to well-regarded schools.
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Prestige Tranquil demonstrates strong appreciation potential and high rental demand within the Kokapet corridor. It is recognized as one of Hyderabad's top communities for premium resale apartments, with units often selling out quickly. Rental incomes are notably high, ranging from ₹65,000 to ₹80,000 per month for 3BHK flats, indicating a robust market for both investors and those seeking rental income.
There is strong rental demand and appreciation potential in the area.
Rents are quite high in this area, which is a positive for investors.
A 3BHK flat in this community can generate a rent of approximately ₹65,000 – ₹80,000 per month.
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Prestige Tranquil offers premium 3BHK units, many of which are investor-owned and located on high floors with East-facing entrances. These units boast uninterrupted views of Gandipet and Kokapet lakes, as well as the Neopolis skyline. The apartments are designed for spacious modern living, are well-ventilated, and receive ample natural sunlight, contributing to a luxurious living experience.
Units offer unblocked lake views, are well-ventilated, and receive plenty of natural sunlight throughout.
High floors provide uninterrupted views of the lakes and the Neopolis area.
Premium 3BHK investor units are available on high floors with East-facing entrances.
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The project demonstrates a strong commitment to environmental sustainability through its advanced rainwater harvesting system. Each tower is equipped with 2 lakh-liter rainwater sumps to collect roof water for reuse, and excess water is directed to 13 injection bore points for groundwater recharge, aiming for a zero-discharge community.
The builders have implemented an excellent rainwater harvesting system, with 2 lakh-liter sumps in every tower to tap roof water for reuse.
The project utilizes 13 injection bore points for groundwater recharge, showcasing a fantastic example of a zero-discharge community.
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Prestige Tranquil is designed to enhance living with a wide array of modern conveniences and amenities. The clubhouse offers facilities such as a swimming pool, café, banquet halls, a well-equipped gym, squash courts, badminton courts, and various other indoor games.
The clubhouse provides a wealth of modern conveniences, including a swimming pool, café, banquet halls, gym, squash court, badminton court, and other indoor games.
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For certain configurations, such as 1500 sqft homes, the project offers competitive pricing in Kokapet, with prices including registration and interiors, making it an attractive option compared to other areas.
1500 sqft homes are available in Kokapet at a competitive price, including registry and interiors, which seems reasonable for the area.
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The project contributes positively to the Kokapet skyline, with its illuminated structures being visually appealing and enhancing the overall aesthetic of the area.
The buildings are all lit up, contributing to the changing and appealing skies of Kokapet.
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Where residents want improvements
The roads in the vicinity of Prestige Tranquil, particularly on Golden Mile Road, are in poor condition, with issues such as rainwater clogging, lack of proper footpaths, and sections being permanently blocked or poorly repaired. There are significant traffic and safety concerns due to a poorly designed U-turn and rampant wrong-side driving by various vehicles, leading to frequent traffic jams and potential accidents.
There are reports of more than 2 kilometers of traffic jams extending from the project towards Budigere cross.
The road near the project is in pathetic condition, lacking proper roads and footpaths despite the high value of surrounding properties.
A wrong U-turn near the project on Golden Mile Road causes many drivers, including large trucks, to drive on the wrong side, creating a major safety hazard.
Rainwater is often left on the road by the project, contributing to existing water clogging on Golden Mile Road.
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There are general concerns regarding the builder's quality and safety standards, with past incidents in other projects including a tower crumbling and an electrocution in a swimming pool. Specific to this project, there are complaints of shoddy work, such as the main gate showing problems less than a year after completion. Additionally, issues like shared washing machine drainage leading to unpleasant smells have been reported in Prestige flats.
The builder is gaining a reputation for shoddy work in Hyderabad, with the main gate of this project showing issues despite being less than a year old.
Shared washing machine drainage in Prestige flats often leads to unpleasant smells, a problem that plumbers have struggled to resolve.
It is advised to never choose this builder due to poor build quality, citing past incidents like a tower crumbling and an electrocution in a swimming pool in other projects.
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Despite being sold at premium prices during construction, there is a reported lack of interest from potential buyers and renters post-handover, making it difficult to sell or rent units. Investors have faced struggles, including EMI pressure, with some finding the Kokapet market 'suicidal for small investors'. Additionally, the property transfer process for resales has been noted as slow.
An investor is reportedly struggling to sell and find tenants, facing significant financial pressure, suggesting the area is challenging for small investors.
After handover, people are not interested in buying or even paying good rent, despite the project being sold at premium prices during construction.
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The exterior design and overall aesthetics of the project have received negative feedback, with some describing it as 'pathetic' and 'boxy'. The design is considered mediocre and 'nothing to boast about' compared to other structures in the Financial District skyline.
The project's appearance is described as 'pathetic'.
Many dislike the 'boxy' design of the buildings on the road.
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Compared to other projects by the same developer, the amenities provided are perceived as substandard or 'half' the quality. Despite having fewer flats, the community feels cramped, and the overall quality of amenities is considered below expectations for a developer of this caliber.
The amenities here are only half of what is offered in other projects by the same developer, and the community feels more cramped despite having fewer units.
The amenities provided are below standard, raising questions about the developer's reputation as a top-tier builder.
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There are significant issues with property management, including internal politics, unprofessional and 'horrendous' staff behavior (such as death stares during walks and switching off pool lights early). Furthermore, the property management team has been unable to provide proper internet infrastructure, indicating a lack of essential services and competent management.
Experiences include horrifying internal politics and horrendous staff with strange habits, such as death-staring residents and prematurely switching off pool lights.
The property management team is reportedly unable to smoothly manage the property and has failed to provide proper internet infrastructure.
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The project, along with other gated communities in the area, is criticized for being an 'urban concrete jungle', suggesting a dense, unappealing environment lacking natural open spaces.
Gated communities, including this one, are criticized as 'urban concrete jungles'.
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Residents have expressed difficulty accessing certain modern delivery services, such as Zepto, indicating a potential gap in convenience services for the community.
Residents face difficulties without access to certain modern delivery services, requesting their expansion to the area.
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Concerns have been raised regarding the interior work committed by associated vendors, with reports of false commitments, lack of transparency, and unresponsiveness to follow-ups, indicating potential problems with quality and customer service for interior fittings.
There are concerns about false commitments and a lack of transparency regarding interior work from the associated design partner.
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The pricing of units, at around 11,000 per square foot, is considered high, especially when compared to other areas or similar projects, raising concerns about its value proposition.
The project is charging 11,000 per square foot, which is considered a high price.
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