AVERAGE PRODUCT BY PRESTIGE AT AN UPCOMING LOCATION
The Project Site is located on Thurahalli Road, Subramanyapura, Uttarahalli, Bangalore, Karnataka, India. The Project Site is accessible through a 40ft wide Thurahalli road. The Project is located very close to Subramanya Temple and Subramanya Police Station and is just 500 meters off Subramanya Main Road. The 40 ft Thurahalli Main road runs parallel to the East boundary of the Property.
Below table provides a snapshot of the Project:
|Type of Project||Residential|
|Developer Name||Prestige Real Estate|
|Project Location||Thurahalli Road, Subramanyapura, Uttarahalli, Bangalore|
|Land Area||15.37 acres|
|No of Units||1119|
|No of Towers / Blocks||12 Towers|
|Units Configuration||1 BHK - size is 661 sq. ft.|
2 BHK - 1137 - 1159 sq. ft.
2.5 BHK - 1345 - 1367 sq. ft.
3 BHK – 1571 - 1750 sq. ft.
|No of Floors||G+18 & G+19|
Price Rating: ABOUT AVERAGE
We have benchmarked Prestige Lake Ridge against other high-rise apartment projects in Uttarahalli, off Kanakapura Main Road. In the last few years several large scale residential developments from Sobha Developers and Mantri Developers have happened in and around Subramanyapura that has given strong fillip to its image.
We found the price of Prestige Lake Ridge “Less” compared to other competing projects in & around Subramanyapura.
|Project Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|Prestige Lake Ridge||Prestige Estates||Thurahallai Road, Subramanyapura||1314 – 1890||4600||Dec’20|
|Rohan Akriti||Rohan Builders||Jayanagar housing society layout, Subramanyapura||544 – 1533||4300||June’20|
|Pride Springfields||Pride Group||Jayanagar housing society layout, Subramanyapura||929 – 1278||5000||Completed|
|Chartered Beverly Hills||Chartered Group||Jayanagar housing society layout, Subramanyapura||1200 – 2140||4500||Completed|
|Brigade Omega||Brigade Group||80ft Road, Subramanyapura||1270 – 2390||5790||Completed|
|Mantri Serenity||Mantri Developers||BWSSB Pipeline Road, Subramanyapura||1015 – 1710||5990||Dec’19|
|Mantri Tranquil||Mantri Developers||Gubballa Main Road, Subramanyapura||1270 – 2000||5600||Completed|
|Sobha Forest View||Sobha Developers||Adarsha Layout, Lingadheeranahalli||1506 – 3242||6000||July’17|
|Sobha The Park and The Plaza||Sobha Developers||Talaghattapura, Kanakapura Rd||1296 – 1706||6500||Sep’19|
*The quoted price is base price of the unit and does not include car parking, floor rise, club house, deposits & taxes.
NOTE: Price was last updated on MARCH 21, 2017.
Location Rating: ABOUT AVERAGE
Prestige Lake Ridge is located on Thurahalli Road, just 500 meters off Subramanyapura Main Road, Uttarahalli, Bangalore. The immediate neighborhood is a fast developing residential place having several prominent large residential apartment projects from top builders such as Sobha Developers, Mantri Developers and Pride Group. However, Subramanyapura is a dense mid-income residential area with poor social infrastructure. However, with the arrival of Phase 2 of Namma Metro on Kanakapura Main road things will change for better in future.
|Immediate neighborhood |
Mid income neighborhood with largely small houses and very few gated community residential projects.
|Landmarks nearby |
Subramanya Temple and Subramanyapura Police Station are 700 meters away on Subramanya aMain Road.
|Access Roads |
Directly accessible from 40ft Thurahalli Road; Subramanyapura Main Road is just 500 meters away in the East direction.
|Metro Rail |
Nearest station is Iskcon Krishna Park on Kanakapura Main Road located around 3 Km from the Project.
|Train Stations |
Bangalore City Railway Station (12 Km); Kengeri Railway Station (12 Km); Ye-shwantpur Railway Station (19 Km)
Kempegowda International Airport is 50 Kms away.
Builder Rating: AMONG THE BEST
Prestige Estates is the largest and most reputed developer based out of South India. It is promoted by Mr. Irfan Razack & his siblings. Mr. Razack started his construction firm way back in 1986 and have delivered around 186 projects across residential, commercial, retail & hospitality segments. The company has presence in Bangalore, Chennai, Hyderabad, Kochi and Mangalore. It owns the “Forum” & “Forum Value” Malls in South India and have several large IT Parks and IT SEZ in Bangalore.
Prestige Estates has excellent relationships with nationalised banks, private banks and other financial institutions.
|Builder Name||Prestige Group|
|Flagship Company Name||Prestige Estates Projects Limited|
|Address||The Falcon House, No. 1, Main Guard Cross Road, Bangalore - 560001|
|Year of Establishment||1986|
|Managing Director||Irfan Razack|
|No. of Projects Completed||186+|
|Popular Projects||UB Towers, Forum Mall, Prestige Golfshire|
Construction Quality Rating: BETTER THAN MOST
We found “Very Good” Quality of Construction in all Prestige Estates completed projects. The Company does the construction in-house as well as outsource to large reputed contractors. Prestige Estates has a separate dedicated firm to manage all its projects construction with a very large dedicated technical setup. The project offers a wide range of amenities & sports facilities to its residents.
|Construction Contractor||JMC Projects, one of the biggest engineering and construction company in India.|
|Architect||Venkatraman Associates, a well-known Bangalore based architecture and interior design firm.|
|Specifications||Standard specifications such as Vitrified tiles in all rooms, living & dining areas, Wooden Frame doors in all rooms including main door, UPVC 3 Track windows with mosquito mesh, Branded Sanitary Fixtures and CP Fittings.|
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|Clubhouse with Gym. |
Aerobics / Yoga Room.
Billiards / Pool Table.
Children Play area.
|Sewage Treatment Plant.|
Landscaped gardens and walkways.
Rainwater harvesting system.
Indoor Multipurpose halls.
Terrace Party Area.
The Project has received all NOCs from concerned authorities, development plan sanction from BDA and building plan sanction from BBMP.
We didn’t find any regulatory or environmental related issues with the Project. However, we advise buyers to conduct an independent legal and technical due-diligence for the Project before their investment.