Profound Lakeshore's Completed Amenities: A Look at Lifestyle and Investment Potential
Hey fellow investors, wanted to share some thoughts on Profound Lakeshore, a completed project by Profound Infra in Bangalore. With 15.2 acres and a RERA registration (PRM/KA/RERA/1251/308/PR/151223/006483), it's a significant development. Profound Infra has a good reputation for quality and timely delivery, having completed three projects, including one in Bengaluru, which adds confidence. Since Profound Lakeshore is completed, its amenities, lifestyle features, and community spaces are actual, not just planned. A project of this size typically offers substantial green areas, club facilities, and various recreational options. This directly impacts resident lifestyle, fostering a strong community feel. These established amenities often translate to higher immediate liveability and, importantly for us, better rental yields and capital appreciation potential compared to under-construction projects. With prices ranging from ₹60.00 L to ₹1.00 Cr and an average of ₹5000/Sqft, it sits in a competitive segment. For a completed project by a reliable builder, this price point, coupled with a well-developed amenity package, can offer solid value. Look for units that maximize views or access to these community features. My take: For investors seeking a completed asset with a known quality standard and established lifestyle benefits, Profound Lakeshore appears to be a strong contender for steady capital appreciation and potentially good rental returns.
Comments
Okay, so let's try to get some facts straight. The RERA document for Profound Lakeshore (PRM/KA/RERA/1251/308/PR/151223/006483) clearly lists 'Profound Developers' as the promoter. It also shows 'No. of projects started till date: 0' and 'No. of projects completed till date: 0'. The 'Profound Infra' mentioned in the original post seems to be a different entity, or perhaps an older name for a parent company. This needs to be clarified directly with the sales team, and get it in writing. Don't rely on verbal assurances. It's a completed project, so demand to see the occupancy certificates and all approvals. This is non-negotiable for safety and legality.
It's interesting that the post emphasizes 'completed amenities' as a big plus, and it is. But if the builder has zero completed projects under that RERA name, how can we trust the quality of those amenities? What if there are hidden defects or maintenance issues that only surface after a few months? This is what scares me the most about new builders.
I'm looking for something that offers good rental yields. If this project is completed, are there any residents already living there who can share their experience with the amenities and management? The post talks about 'established lifestyle benefits' but we need real-world feedback, not just marketing speak. Plus, with 159 units, how quickly are they getting occupied?
Okay, so the RERA registration is PRM/KA/RERA/1251/308/PR/151223/006483, and possession was March 1, 2023. It's a completed project, which is good. But the builder reputation issue raised by U1 is critical. If Profound Developers is new, how can we assess their quality? Prices from 60L to 1Cr also seem a bit high for a new builder in some areas of Bengaluru, even for completed projects. What about the actual location, is it near any major tech parks or good schools?
For a completed project, the prices might seem justified if the amenities are truly top-notch and the location is excellent. But the market in Bengaluru is tricky right now, interest rates are up. If the builder isn't known, getting a loan might be harder too. Banks check builder credibility very closely for home loans. This is a big point for first-time buyers like us.
The post says 'Profound Lakeshore' is in Bangalore, but doesn't specify an area. If it's somewhere like Adigara Kallahalli or Akshayanagar, then 60L for a completed 2BHK might be okay, but for 1 Cr, it better be prime location with all amenities working perfectly. And yes, the builder name confusion is the biggest elephant in the room.
I agree, the price point for a builder with no verifiable track record is a concern. My friend bought a flat in Aavalahalli last year, similar price range, but with a well-established builder. Location-wise, if it's not well-connected, that price is definitely a stretch. Anyone know the exact location within Bangalore?
The initial post mentions 'Profound Infra' having a good reputation and completing three projects, including one in Bengaluru. But when I checked the RERA portal for PRM/KA/RERA/1251/308/PR/151223/006483, the builder listed is 'Profound Developers' and it says 'Total projects: 0'. This is a huge red flag for me as a first-time buyer. Are these two different entities, or is there some confusion here?
You're right to be cautious. Sometimes builders use different company names for different projects, or a new entity is formed for a specific large-scale development. But '0 completed projects' is definitely worrying, especially if the original post is claiming a strong track record. We need clarity on this before even considering the price or location.
Exactly my thought! I just looked it up too. How can a builder have a 'good reputation' and 'three completed projects' if RERA says zero? This makes me super nervous about trusting the info here. Builders often play these name games.