Prestige Lake Ridge

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Prestige Lake Ridge

Yadallam Nagar,Uttarhalli,Bangalore

Prestige Group.


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Overview Of Prestige Lake Ridge

Prestige Lake Ridge , a pre launch residential project Prestige Lake Ridge by the reputed Prestige Group is coming up in Uttarahalli, off Kanakapura Road in South Bangalore. An exclusive project surrounded by lush greeneries in all sides, Prestige Lake Ridge is an absolute amuse to every resident. Prestige Lake Ridge project layout and designing are done by some of the expert engineers present in the industry who have paid minute details regarding each and every detailing in the apartment. These apartments are very well ventilated and spacious to provide a cozy environment. Like its previous projects Prestige Group has planned for some of the modern and well equipped amenities for the residents of Prestige Lake Ridge so that they can relish the most wonderful moments with their loved ones here.

This condominium will have 1BHK, 2BHK, 2.5 BHK, 3BHK and 3BHK with maid room apartments in it spreading across 15.37 Acres. Rate per Sqft Price is Rs.4500/-The booking amount for this venture is: 1 BHK -2 Lakhs, 2BHK-3 Lakhs, 2.5 BHK- 4 Lakhs and 3BHK - 5 Lakhs.

Bangalore is the most sought out cosmopolitan city in India. It’s the capital of southern state of Karnataka. Bangalore is known as the "Silicon Valley of India" because of its role as the nation's leading information technology (IT) exporter. Indian technological organizations ISRO, Infosys and Wipro are headquartered in the city. A demographically diverse city, Bangalore is the second-fastest growing major metropolis in India.


Prestige Lake Ridge is situated in a convenient location in Yadallam Nagar, Subramanyapura Post, Uttarahalli, Bangalore which enjoys a good connectivity to all the major cities of Bangalore like Electronic City, Outer Bypass and nice road. This project is well-located for the IT professionals as most of the IT companies are situated in this location. Many well known colleges, schools and hospitals can also be found nearby this project ultimately making Prestige Lake Ridge a sought-after project overall.

Life At Prestige Lake Ridge:

The location of this project, Kanakapura is today bustling with activities. Also proposed Namma metro and Peripheral ring road is going to be the future development prospect for this area. So come and explore this luxurious project ‘Prestige Lake Ridge’ to redefine your life with more creativity and opulence.

Advantages of investment in Prestige Lake Ridge

  • The location of this project Kanakapura road is part of NH 209 which connects it to the city.
  • This project of Prestige Group is away from hustle and bustle of the city and also provides you with tranquil and clean environment
  • Excellent social infrastructure of the locality makes your life easy and comfortable
  • This project location is part of phase 2 of Metro Rail.

Key Distances

  • M.G. Road which is one of the renowned roads of Bangalore is just 15 kms from this project location.
  • Nearest bus stand is within a reach of few minutes’ walk Nearest metro station is settled at just 3.5kms from Prestige Lake Ridge
  • NICE Ring Road which connects majority areas of the city is just 7.2kms from this project location.
  • Kempegowda International airport is 52 kms away
  • Famous Dayananda Sagar College of Engineering is just 4.5kms away from this project.
  • Distance from Padmanabhanagar - 3.6Kms

About Prestige Group

Prestige Group has become a popular name in the field of real estate ever since the company was established way back in 1986. All credits for this emergence goes to the founder of the company Mr.Razzak Sattar. Over the years, Prestige Group has grown in all direction of Bangalore with a lot of commercial, residential and hospitality sectors. With over 350 completed residential and commercial projects, Prestige Group has cemented their name in the hearts of people of Bangalore. Now there are about 60 ongoing projects covering an approximate 60 million sq ft area and about 30 upcoming projects in the pipeline.

In the past 20-25 years Bangalore has seen a giant leap in real estate scenario. A lot of people with little construction background are plunging into full-fledged construction business. In recent times many small builders have cashed in with the high demand for residential and commercial buildings. Only a few builders have managed to itch their brand names in the hearts and minds of people in Bangalore. One such builder whose name goes by the reputation is The Prestige Group.

Established in 1986, The Prestige Group has enjoyed success in almost all fields like residential, commercial, retail, leisure and hospitality sectors. Ever since the emergence of the brand name, Prestige Group have left no stone unturned to sustain the reputation.

Prestige Awards and Recognitions:

Keeping up to their reputation, Prestige Group has been serving people of Bangalore with quality and technology ever since the time it was founded in 1986. Following are few achievements of Prestige Group which are worth mentioning.

  • India's Most Promising Brands 2014 Most Promising Brand - Real Estate Prestige Group
  • Corporate Awards Top Indian Company 2014 - Real Estate Prestige Group
  • Asia's Shopping Centre and Mall Awards Most Admired Shopping Centre of the Year The Collection at UB City.
  • CNBC Awaaz Real Estate Award 2013.
  • Indian Realty Awards 2013 Developer of the Year Prestige Group

Prestige Group , new launch in Bangalore by Prestige Group, Upcoming project Prestige Group , Prestige Lake Ridge Bangalore, Prestige Group upcoming Bangalore


Prestige Lake Ridge Location Map

Prestige Lake Ridge Location Map

Prestige Lake Ridge Master Plan

Prestige Lake Ridge Master Plan

Prestige Lake Ridge Price

Unit Type Saleable Area Rate Per Sq Ft Rate
1 BHK 661 sq ft On Request On Request
2 BHK Type B 1137 sq ft On Request On Request
2 BHK Type C 1137 sq ft On Request On Request
2 BHK Type D 1159 sq ft On Request On Request
2.5 BHK Type E 1345 sq ft On Request On Request
2.5 BHK Type F 1358 sq ft On Request On Request
2.5 BHK Type G 1367 sq ft On Request On Request
3 BHK Type H 1571 sq ft On Request On Request
3 BHK Type J 1745 sq ft On Request On Request
3 BHK Type L 1750 sq ft On Request On Request

Prestige Lake Ridge Amenities

  • Gymnasium
  • 2 Party Halls
  • Mini Theatre
  • Table Tennis
  • Indoor Games
  • Children’s Play area
  • Laundrette , ATM
  • Convenience store and Creche.
  • Open Terrace Party area
  • Swimming Pool
  • Childrens Pool
  • Indoor Badminton Court
  • Spa/Health Club
  • Yoga and Aerobics
  • Squash Court
  • Billiards room
  • Cardsroom
  • Reading room


Prestige Lake Ridge FAQ's

Description of Prestige Lake Ridge ?

Prestige Lake Ridge is a novel residential project by Prestige Group. This community venture provides option of 1, 2, 2.5 and 3 BHK units, each of them designed with modern architectural style coupled with elegant interiors.

Where and what is Prestige Lake Ridge?

Prestige Lake Ridge is located in Yadalam Nagar, Uttarahalli, Bangalore. This is a premium residential development set in over 15.37 acres of land. It consists of 1119 apartments spread across 12 towers having 18 & 19 floors.

How far is the location from M.G Road??

It is about 15 kms from MG Road and 3.6 kms from Konankunte Cross off Kanakapura main Road.

Who are the Architects/Master Planners of Prestige Lake Ridge?

Venkataramanan Associates are the key designers for Prestige Lake Ridge.

What are the different types and sizes of apartments ?
Type A B C D E F G H J K L
Bedroom 1BR 2BR 2BR 2BR 2.5BR 2.5BR 2.5BR 3BR 3BR 3BR 3BR
Area (in Sqft) 661 1137 1137 1159 1345 1358 1367 1571 1571 1745 1750

Is there a club house and what are the facilities provided?

Prestige Lake Ridge has an elaborate Clubhouse located near the entrance of the property, with Indoor Badminton Court, Squash Court, Gymnasium, Swimming Pool, Childrens Pool, 2 Party Halls, Mini Theatre, Table Tennis, Spa/ Health Club, Yoga and Aerobics, Indoor Games, Children’s Play area, Billiards room, Cards room, Open Terrace Party area, Reading room, Laundrette and spaces for ATM, Convenience store and Creche.

Is this a phased development and what are the time lines for completion?

The entire development will be taken up in one phase and is expected to be ready for possession March-2020 onwards.

Is there any differential price based on the floor and orientation of the apartments?

Yes, there is a differential pricing for apartments. For every floor rise there is an increase of Rs.15/- per sft and PLC will be additional at Rs.75/ per sft.

What happens thereafter?

On realization of the initial payment of 20% of the Sale value + Tax you will be required to issue post-dated cheques (PDCs) for the future instalments within 15 days, against which a formal letter of allotment will be issued. Agreements will follow after completion of allotment process.

When do I get a confirmed allotment?

On payment of 20% of the sale value + tax and submission of post-dated cheques for the remaining amount, the allotment will be confirmed.

Can I make 100% down payment?

Yes. This offer is applicable for a limited period only. Please check with our Sales Team for more details.

How are instalments to be paid and is it time bound?

Instalments are to be paid by way of post-dated cheques which is a pre-condition of the allotment. This schedule of payment is on a time bound basis as mentioned in the payment schedule.

What happens if I cancel my booking?

Why would you want to miss out on such a strategically located and meticulously designed project? However, if you do wish to cancel after booking, 2% of the sale value will be forfeited as cancellation fees if you cancel before the Agreements are executed and 15% of the sale value will be forfeited as cancellation fees if you cancel the after Agreements are executed, and the balance will be returned (subject to statutory deductions if any) without interest.

When does the development start and when can I expect to move into my new home?

Construction will commence by Sep 2016 tentatively and your new home will welcome you March 2020 onwards.

Are modifications permitted in the apartment?

The specifications and designs have been carefully worked out. Considering the number of apartments and the delivery date, customization will not be possible in the collective interest of the purchasers.

What about car parking spaces?

We can provide one car parking space for every apartment. Additional car parking requests will be taken up towards project completion, subject to availability.

Is the title of the property clear?

Of course! Legal due diligence has been done by M/S.Kusuma Advocates. The land is freehold, marketable and free from all encumbrances.

Has BBMP sanctioned the plans?

Yes, the development plans have been submitted for BBMP approval.

What are the Agreements that need to be signed?

The Agreements that need to be signed are Agreement to Sell & Agreement to Construct, followed by a Sale Deed upon completion of the development.

What is the process of registration and when does registration take place?

Registration will be done only on completion of the development and on payment of the entire sale consideration including taxes and additional charges. Registration will be facilitated by us through an advocate appointed by Prestige.

What is the process of Assignment?

Assignment can be done only after the Agreements have been signed, PDCs given, 5 instalments paid and the new party complies with the terms and conditions of the principal agreement. Transfer fee as applicable will be required to be paid. If you have availed of a loan then you will be required to retrieve and hand over all letters and documents issued by Prestige to the bank / housing finance institution along with their NOC.

What if Prestige delays the construction and possession?

Our endeavour is to complete and hand over the development as per committed time lines. However if there is a delay, Prestige will pay 9%* per annum on the amount collected which will be clearly brought out in the agreements. (* Conditions apply).

What are the additional amounts to be paid?

BESCOM & BWSSB charges, VAT, Service tax, Sinking fund, Advance maintenance charges, Generator charges, Khata assessment charges, Registration charges and any other statutory charges and duties as applicable. VAT & Service Tax will be applicable on all amounts demanded.

Has Prestige Lake Ridge been approved by banks/Housing finance institutions (HFIs) for loans?

We will be seeking approvals from all the Leading Banks/HFIs who will extend loans to customers based on their eligibility criteria.

What is my responsibility for disbursement of instalments through HFIs?

It is the purchaser’s responsibility to ensure timely disbursement of instalments from HFIs and no demand will be made by us to the HFIs for the same. To facilitate smooth payments, customers are required to issue a consent letter. Post- dated cheques (PDCs) handed over for the instalments will be returned on receipt of the payment from the HFI.

Who will take care of the maintenance of Prestige Lake Ridge?

The maintenance will be taken care of by Prestige Property Management & Services. You can rest assured that Prestige lake ridge will be cared for by professionals.

What is the scheme for maintenance?

The scheme for maintenance is as under:

  • A sum of Rs. 50 per sft will be charged as the advance maintenance fee for the first year and will be collected at the time of closing of your account. From the second year onwards, maintenance charges will be levied as decided by the Association/Prestige Property Management & Services. All future payments are to be made favouring the property management company.
  • An additional sum of Rs. 50 per sft corresponding to the super built area will be collected as sinking fund. This amount will be deposited in an Escrow account and the accruals will be used for major expenditure.

What happens if I have any more questions/clarifications?

Contact us on : 884747474

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