
RERA Ref:
AG/KN/170727/000109
Prestige Lake Ridge
Yadallam Nagar,Uttarhalli,Bangalore
Prestige Group.
Apartments
Yadallam Nagar,Uttarhalli,Bangalore
Prestige Group.
Apartments
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.
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.
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.
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.
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.
Prestige Group , new launch in Bangalore by Prestige Group, Upcoming project Prestige Group , Prestige Lake Ridge Bangalore, Prestige Group upcoming Bangalore
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Unit Type | Carpet Area | Price |
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1 BHK | 457 sq ft | On Request |
2 BHK | 806 to 837 sq ft | On Request |
2.5 BHK | 965 to 985 sq ft | On Request |
3 BHK | 1093 - 1234 sq ft | On Request |
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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:
What happens if I have any more questions/clarifications?
Contact us on : 8884333654
The latest feather in its cap is Prestige Silver Oak. This project presents finesse in design, uncompromised quality and an absolutely world-class living experience.
As a private developer of land for housing, we really did not depend on the government to acquire land for us. The land acquisition bill that existed prior to this ordinance had imposed a 70% to 80% consent rule from the farmers before land could be acquired. That was a big stumbling block for the industry.
Indian real estate market has a come long way from having an image portraying a property dealer and customers or construction of buildings to now being a full-fledged sector. Real estate sector in India has been hungry for investors, good projects, affordable housing and some foreign interest for a long time now. Moreover, the government did take much interest into the sector but the end results were not yielding sweet fruits.
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