Purva Tranquillity is set to be launched in March 2024 with an attractive pre-launch price of 6,500 per sq. ft. The project is in S. Medihalli near Sarjapur Road in East Bangalore, spread over 71 acres of land offering thoughtfully crafted 800 plots. Purva Tranquillity Completion Date is when a project gets finished, as promised in the agreement in 2025.
The project offers plots in 4 various configurations. Basic plots are available in 30*40 sq. ft sites. The size of cottage plots is 30*50 sq. ft. The size of premium plots is 30*60 sq. ft. The luxury plots are 40*60 sq. ft.
Purva Tranquillity has already piqued the interest of those looking for a convenient lifestyle in this vibrant city. While the project is still waiting for RERA approval, it is poised to become a new landmark redefining the city’s real estate landscape. The project has applied for RERA approvals. It means it complies with all of the government’s regulations. Following this stage, the developer, Puravankara Limited, solely focuses on announcing the dates. During this time, the company makes offers to buyers.
| Type | Plots |
|---|---|
| Project Stage | New Launch |
| Location | Medihalli, Bangalore |
| Builder | Puravankara |
| Floor Plans | 20 x 30, 30X40, 30X50, 40X60 Plots |
| Price | Rs. 70 Lakh* Onwards |
| Total Land Area | 45 Acres |
| Total Units | 700+ Plots |
| Size Range | 600 – 2400 Sq Ft |
| Approvals | NA |
| RERA No | Applied |
| Launch Date | Onrequest |
| Possession Date | 2025 Onwards |
When a real estate developer plans to develop a project, they announce it with the RERA number to assess the interest in the market. After a certain period, they formally proceed with a grand launch. Typically, developers offer units at attractive pre-launch prices in this phase. In the pre-launch phase, prices are lower than usual to attract more buyers. This phase lasts for a limited period, and the inventory available for sale is usually limited.
Nowadays, investors and end users prefer to invest in plots. Buyers prefer the asset as it is relatively affordable compared to built-up real estate. The returns are better on a land investment compared to built-up real estate. Proposed infrastructure projects in city peripheries provide a strong rationale for investing in land now and reaping the benefits on their completion. For homebuyers, plots offer flexibility to build their home according to their preference and time frame. Additionally, plots by reputed developers also offer safety and create an appreciating asset for the customers.
Purva Tranquillity is developing in the serene surroundings of S. Medihalli, and investing here will give better returns. The project helps have the latest technology that improves the standard. The look of the layouts will change after the construction of buildings on the premises. The value of the project will increase after the layout is developed, and now is the best time to invest in the project. People can invest in Purva Tranquility because there is a potential for good returns.
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