Prestige tranquility - risks

I had already written about the reasons for me to book an apartment at Prestige Tranquility, and I had promised that I'll be writing about the risks in investing in this project.

The biggest risk in a big project is the execution risk, if the project will complete or not, and if it completes, will it complete on time or not. And this is risk does not vanish till one get the possession of the apartment. In that sense, with the current progress on the construction, although this risk does not seem to be high, its still there.
In case of Prestige Tranquility, the biggest risk that I can see is the animal feed factory nearby.

I had experienced the smell a couple of times when I visited the sight. Although this smell will not be a huge problem for all the apartments, it will definitely be a problem when coming in and out of the property from the main gate. And this can be a big problem for the livability in the complex. I am very sure that there will be many factors playing about the smell and the factory, such as signature tower still to be sold out by Prestige, land value appreciation, government regulation for domestic and industrial area etc. the game is open, and only time will unfold the story.

The next risk that I see for this project is the development of the area. When I booked the flat 2 years ago, I was sure that by the time  apartment is ready for possession, the area will be habitable. Except for the property prices, I am not seeing much development on the ground. And it seems it will be still some more time before this area really becomes livable. That implies that it will not be a cake walk to sell the apartment, or let out it on rent. I do hope I am wrong and we see some good development in a years time, but that is also something to watch out for.
Having said all this, I still want to emphasize that I am still very optimistic about this project and hope that this project gives a very good home for the buyers.