Prestige Lake Ridge

Prestige Lake RidgePrestige Lake Ridge is one of the ultra luxurious and high-rise residential towers by Prestige Group, reputed realtor. Prestige Group is spreading its wing on Kanakapura Road with ultra modern technologies. Prestige Lake Ridge is beautifully located at Uttrahalli off Kanakapura Road, Bangalore is evolving to the next real-estate hub of the garden city.

Prestige Lake Ridge Bangalore is extensively sprawls over a land of 15.94 acres. This iconic tower in South Bangalore is coming up with total 1119 residential dwellings. Prestige Lake Ridge Kanakapura Road, a carefully crafted apartment offers you 1 BHK, 2 BHK, 2.5 BHK and 3 BHK spacious and well ventilated residential units. The apartment size is ranging from 661 SqFt. – 1750 SqFt with lavish amenities and high-end comfort.

Prestige Group is now planning to scatter its success on peripheral of Kanakapura Road. Trending establishments supplied in Prestige Lake Ridge are club house, indoor sporting activities court, Banquet Hall, Swimming pool, Library, Health spa, Amphitheatre, and so on.

Prestige group is introducing most futuristic technologies to Prestige Lake Ridge Bangalore and thus it tries to convergence absolute happiness to each and every dweller. This project will facilitate you with many conveniences and trending amenities. The project also provides is a kid friendly environment.

There is a beautiful lake near the project location and Prestige Lake Ridge is mainly designed for people who seek living near the water bodies and modern facilities. Each dwelling is designed to epitomize luxury and optimize space along with the outstanding view of the city.

Prestige Lake Ridge – Amenities

  • 2Party Halls
  • Swimming Pool
  • Gymnasium
  • Spa & Health Club
  • Tennis Courts
  • Basket Ball Court
  • Indoor Squash Court
  • Indoor Badminton Court
  • Indoor Board games
  • Table Tennis
  • Billiards
  • Reading room
  • Space for Creche
  • Space for convenience store
  • Space for ATM
  • Launderette
  • Mini theater
  • Cards room and Open Terrace Party Area.

Prestige Lake Ridge –  Uttrahalli Off Kanakapura Road Bangalore

Prestige Lake Ridge is located in the prime location of Uttrahalli, Off Kanakapura Road, Bangalore with well connected to all major locations in and around bangalore. Prestige Lake Ridge is situated in a location which is very convenient for the IT professionals.

Prestige Lake Ridge @ uttrahalli is fits to reach the railway station and the airport terminal with minimal travel. Each units of the project and each room of the apartments is featured with unique ultra modern amenities.

Prestige Lake Ridge have different kind of fun making area which help residencies being happy in every moment. This project has indoor as well as outdoor play areas, beautiful gardens & art club etc. Amenities provided by Prestige give the residencies never ending happiness.

Prestige Lake Ridge Uttrahalli is a heaven in the heart of the garden city. This is the best choice for the people who like to lead a peaceful life more than a noisy life. The location of the project ensure a peaceful & calm atmosphere most of the time.

Prestige Lake Ridge – Location Map

Prestige Lake Ridge Location Map

Prestige Lake Ridge – Price, Options and Possession

  • Rate per Sq Ft – Rs 4575.
  • BHK Options – 1 BHK, 2 BHK, 2.5 BHK, 3 BHK & 3.5 BHK.
  • Size – 661 SqFt. – 1750 SqFt.
  • Project Commencement Date: September, 2016.
  • Project Completion Date: 42 months from the Commencement.

Prestige Lake Ridge – Project Area, Open Space and Key Highlights

  • Project Total Area – 15.94 Acres.
  • No Of Floor – 2 Basement+ 18 floors.
  • No of Towers – 12.
  • Total Units – 1119 Units.
  • Total Open Space – 70% Open Space.

Prestige Lake Ridge – Specification

Structure

  • RCC structure with cement blocks for walls where needed.

Lobby

  • Elegant ground floor lobby with flooring and wall cladding in granite/marble.
  • On upper floors lobby flooring in vitrified tiles and lift cladding in marble/granite.
  • Textured paint on all lobby walls and distemper on ceilings.
  • Service lobby and service staircase in Kota with textured paint on walls.

Lift

  • Lifts in all blocks of suitable size and capacity.

Apartment Flooring

  • Vitrified tiles in the Foyer, Living Area, Dining Area, Corridors and all bedrooms.
  • Anti-skid ceramic tiles in balconies.

Kitchen

  • Ceramic/Vitrified tile flooring and 2 feet ceramic tile dado over the granite counter.
  • Single bowl, single drain steel sink with chrome plated tap.
  • Ceramic/Vitrified tiled flooring and ceramic dado for the utility.
  • Ceramic/Vitrified tiled flooring for the maid’s room.

Toilets And Fittings

  • Anti-skid ceramic tiles for flooring
  • Ceramic tiles on walls up to false ceiling.
  • Granite counter with ceramic wash basin in the Master toilet and pedestal wash basins in the other toilets.
  • EWCs and chrome plated fittings.
  • Single lever tap and chrome plated shower mixer.
  • Geysers in all toilets inside grid false ceiling, except maids toilet.
  • Suspended pipelines in toilets concealed within the grid false ceiling.

Painting

  • Cement/Texture paint for the external walls.
  • Internal walls & ceilings in distemper.
  • Enamel paint on all railings.

Doors And Windows

  • Entrance Door – 8 feet high opening with pre moulded flush shutter and frame in wood, polished on both sides.
  • Other Internal Doors – 7 feet with wooden frames and flush shutters.
  • External Door – Aluminium/UPVC frames and sliding openable shutters.
  • Windows – 3 track Aluminium/UPVC framed windows with clear glass and provision to fix mosquito mesh shutters.
  • MS designer grill, enamel painted, for ground floor apartments only.

Electrical

  • Concealed wiring with PVC insulated copper wires and modular switches.
  • Sufficient power outlets and light points provided.
  • Power- 6 KW for 3 bedroom unit, 4 KW for 2 & 2.5 bedroom unit, 2.5 KW for 1 bedroom unit.
  • Provision for installation of split AC in the living area and all bedrooms.
  • TV and telephone points provided in the living area and all bedrooms.
  • ELCB and individual meters will be provided for all apartments.

Security System

  • Security cabins at all entry/exit points with peripheral CCTV coverage.

Dg Back Up

  • Generator backup will be provided for all common services.
  • 100% power back up for apartments will be provided at additional cost.

Prestige Lake Ridge – Master Plan

Prestige Lake Ridge_MasterPlan

Prestige Lake Ridge – Sq.ft Size, Total Cost and Booking Amount

Unit Type Size (Sqft) Price Booking Amount
1 BHK 661 Sqft 30.24 Lacs 200000
2 BHK 1137 Sqft 52.02 Lacs 297000
2.5 BHK 1358 Sqft 62.13 Lacs 396000
2.5 BHK 1367 Sqft 62.54 Lacs 396000
3 BHK 1571 Sqft 71.87 Lacs 495000

Prestige Lake Ridge – Floor Plan

Prestige Lake Ridge_GF

Prestige Lake Ridge_GF4

 

Prestige Lake Ridge_GF5

Prestige Lake Ridge – Accessibility and Key Distances

  • Location – Yadallam Nagar, Subramanyapura Post, Uttarahalli, Bengaluru.
  • Distance from MG Road – 15 kms
  • Distance from Railway Station – 10 kms
  • Distance from Airport – 52 kms
  • Nearest Metro station – 3.5 kms
  • Nearest Ring Road – 6 kms

Prestige Lake Ridge – Neighbourhood

Nearby Schools:

  • RNS IT
  • KSIT
  • Yellamma Dasappa College of Engineering,
  • RV Engineering
  • PESIT
  • Delhi Pubic school
  • Kumaran school
  • NPS
  • Prarthana school
  • BGS
  • Bangalore International school

Nearby Hospitals:

  • Dayanand Sagar Hospital
  • BGS Hospital
  • DG Hospital

Prestige Lake Ridge – Buyer’s and Investment Advantages

  • Located in a well-established residential area
  • Close to schools, shopping malls & hospitals
  • Proximity to Metro stations
  • Vaastu Compliant.

Prestige Lake Ridge – FAQ’s

 

Is the title of the property clear?
Of course! Legal due diligence has been done by M/S. Dua Associates. The land is freehold, marketable and free from all encumbrances.
What are the other additional amounts to be paid?
BESCOM & BWSSB Charges, Contribution to the Sinking Fund, Advance Maintenance Charges, Generator Charges, Khata Assessment Charges, Registration Charges, VAT, Service Tax and any other taxes will be required to be paid as per the prevailing guidelines at the time of possession.
Where and what is Prestige Lake Ridge?
Prestige Lake Ridge is located in Yadalam Nagar, Uttarahalli, Bengaluru. This is a premium residential development spread over 15.37 acres, consisting of 1,119 apartments across 12 towers each having 18/19 floors.
What is its distance from M.G. Road?
The distance to Prestige Lake Ridge from M.G. Road is 15 Kms.
Who are the key designers of Prestige Lake Ridge?
Venkataramanan Associates are the key designers for Prestige Lake Ridge.
What are the different types of Apartments, and what are their sizes?
Prestige Lake Ridge consists of a total of 1,119 Apartments, with 1, 2, 2.5 & 3 Bedroom configurations.
Is this a phased development? What is the timeline for completion?
This is not a phased development; the project will be completed by March 2020.
Is there any differential pricing based on the floors or orientation of apartments?
Yes, there is a differential pricing for apartments. For every floor, there is an increase of INR 15 per sqft and PLC will be additional at INR 75 per sqft.
Is there a Clubhouse, if yes, what are the facilities?
Yes, there is a Clubhouse located near the entrance of the property, that is fully equipped with an Aerobics/Yoga Room, ATM Space-provision, Badminton Court, Billiards/Snooker/Pool Room, Cards Room, Children’s Play Area, Crèche, Gymnasium, Health Club/Spa, Indoor Games, Jogging Track, Kids Pool, Laundromat, Library Space, Mini Theatre, Multi-purpose Halls, Space provision for a Supermarket, Squash Court, Swimming Pool, Table Tennis, Tennis Court & Terrace Party Area.
When does the development start and when can I expect to move into my new home?
Construction will commence by September 2016 tentatively and your new home will welcome you March 2020 onwards.
Are modifications permitted in the Apartment?
Prestige Lake Ridge has been master-planned with a theme. Design, external and internal finishes have been carefully chosen. Considering the number of apartments and timeline of delivery, we are unable to accept changes/modifications.
What about Car Parking Space?
We can provide one car parking space for every apartment. Additional car parking requests will be taken up towards project completion, at an additional cost.
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 the BBMP sanctioned the plans?
The development plans have been submitted to BBMP, for approval.
How do I book my Home at Prestige Lake Ridge?
  • Identify your Apartment from the available options.
  • Fill-in the Booking Application Form.
  • Pay the initial booking amount by cheque/DD favoring “Prestige Estates Projects Limited” along with the required supporting documents.
  • Pay the balance of 20% of the Sale Value by way of a post-dated cheque (PDC) dated within 30 days from the date of booking.
What happens thereafter?
On realization of the initial payment of 20% of the Sale Value and Applicable Taxes, you will be required to issue PDCs for the future installments within 15 days, against which a formal letter of allotment will be issued. Agreements will follow after completion of the allotment process.
When do I get a confirmed allotment?
On payment of 20% of the Sale Value and submission of PDCs for the remaining amount, the allotment will be confirmed.
Can I make a 100% down payment?
Yes. This offer is applicable for a limited period only. Please check with the Sales Team for more details.
How are installments to be paid and is it time-bound?
Installments are to be paid by way of PDCs, which is a pre-condition of the allotment. The schedule of payment is on a time-bound basis as mentioned in the payment schedule.
What are the other additional amounts to be paid?
BESCOM & BWSSB Charges, Contribution to the Sinking Fund, Advance Maintenance Charges, Generator Charges, Khata Assessment Charges, Registration Charges, VAT, Service Tax and any other Statutory Charges and Duties will be required to be paid as per the prevailing guidelines at the time of possession.
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 before agreements are executed and 15% of the Sale Value will be forfeited post agreements as Cancellation Fee and the balance will be returned (subject to statutory deductions, if any) without interest.
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?
Registrations will be done only on completion of the development and on payment of the entire sale consideration including the additional charges. Registrations 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, five installments have been paid, and the new party agrees to comply with the terms and conditions of the principal agreement.
  • The Transfer Fees will have to be paid.
  • If you have availed of a loan then you have to also retrieve and hand over to Prestige all letters and documents issued by Prestige to the Bank/Housing Finance Institution (HFI), 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

Has Prestige Lake Ridge been approved by HFIs for loans?
We will be seeking approvals from all the leading banks/HFIs, who will then extend loans to customers based on their eligibility criteria.
What is my responsibility for disbursement of instalments through HFIs?
It is your responsibility to ensure timely disbursement of installments from HFIs and no demand will be made by Prestige to the HFIs for the same. To facilitate smooth payments, customers are required to issue a consent letter. PDCs handed over for the installments will be returned on receipt of the payment from the HFI.
Who will take care of the maintenance of the property?
The maintenance will be taken care of by Prestige Property Management & Services. You can now be 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 INR 50 per sqft 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 INR 50 per sqft corresponding to the super built-up 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.

 

Prestige Lake Ridge – About Builder

Prestige Estates Projects Ltd. is a property development and the flagship company of Prestige Group in South India. It was founded by Razack Sattar in 1986, who envisioned a success story waiting to take shape in the Retail Business in 1956 itself. Since its formation in 1986, Prestige Estates Projects has grown swiftly to become one of South India’s leading Property Developers, helping shape the skyline across the Residential, Commercial, Retail, Leisure & Hospitality sectors.

Prestige has developed several residential colonies and commercial spaces in Bangalore, Chennai, Mangalore, Mysore, Hyderabad and Kochi, few among them are Prestige Shantiniketan, Prestige Golfshire, Prestige Acropolis, The Forum, The Forum Value, The Forum Vijaya and many others. Prestige Court on K.H. Road in Bangalore set the pace for the Group’s rapid growth which now stands at over 169 Completed Projects spanning a total developed area of over 51.37 million sqft. It also has another 65 ongoing projects comprising around 56.94 million sqft & 28 upcoming projects totalling 31.15 million sqft., which include Apartment Enclaves, Shopping Malls and Corporate Structures, spread across all asset classes.

Prestige Group has several national and international awards in various categories:

  • National Award for Marketing Excellence :
    • Best In-House Magazine – Falcon News
    • Award for Content Marketing
    • Marketing Campaign of the Year 2016
  • Dun & Bradstreet (Corporate Award)
  • FIABCI World Prix D Excellence Awards
  • Best Shopping Center – South Forum
  • Asia Pacific Property Awards

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36 Comments added. Join the Discussion

  1. Pingback: Prestige Lake Ridge at Uttrahalli, Bangalore

  2. Sandeep

    I have liked this project. But before making my decision I would like to get feedback and opinion, if there are some other better options at this budget and location.

  3. Lakshmikantha .mv

    Hi,

    I wanted to know any raja kaluve is passing by Surevey number 116,117 and 115/2 Prestige lake ridge.

    I am buying a property at above survey numbers from Prestige lake ridge closely situated near subramanya pura lake.

    Thanks,
    Lakshmikantha

  4. Sri

    What about new NGT rule of leaving 75mtrs from lake. I dont think this project maintained 75mtrs. Specially block 5 in brochure seems very close.

    Please check guys before booking

  5. sujay

    Please share your opinion on this. Rs 4500/Sqft in this area is on higher side. Adjacent to this property, Pride group is quoting Rs 3800/sqft for ready to move in flats.

    I heard there is water scarcity in this area since no kaveri water supply for that area yet.

    Property is just adjacent to huge lake. Not sure of the consequences.

    Any updates from buyers are appreciated.

    • renuka

      Hi Sujay

      I have booked an unit here – i don’t think so there is a water problem here – because I live nearby in BSK 2nd stage – and the location is surrounded by BDA layouts and Jayanagar housing society layout with heavy water collection underground.

      – Not sure why Pride apartment is facing issues with water – did they get CC and OC? if not water connections would be a challenge

  6. Sudheer

    Hello,

    I wanted to know what are all the good places in Bangalore for real estate investment for next 5-7 years?

    • TEAM PROPREVIEW

      Hi Sudheer

      Electronics City, Kanakapapura Road, Sarjapur Road, Bannergatta Road, Yelahanka, Devanahalli, Whitefield are the good places for real estate investment. If you want to know more please contact us on 8880 777 111

  7. Pingback: Prestige Lake Ridge Uttarahalli, Bangalore | prestigelakeridge750

  8. Sudheer Bhat

    Hi,

    I’m most impressed by the location of the project and I have decided to buy this apartment just for investment purpose. So I want know some information such as what is the guidance value of the land and how much appreciation can I expect by the time of procession? How much rental yield can I expect in this surroundings?

    • Sumit

      I heard about this project from so many people and hope that it will be awesome like their UB city, Prestige Shantiniketan and the Prestige Technology Park which provides the modern amenities.

      • anant

        Prestige always leaves behind its existing properties, so it will surely be better than the properties what you mentioned.

  9. chandra j

    Hi all,

    Does anyone know about the khata type of the land? As I have got information like most of the projects of Prestige Group have got only B-Khata and that nationalized public sector banks have stopped sanctioning loans for B-khata property.

    • Shobith

      Hi Chandra,

      As per my knowledge what information you have got regarding khata type of projects of Prestige Group is not completely true. Some project of Prestige Group are obtained Khata-A too. But as of now I don’t have any info regarding the khata type of Prestige Lake Ridge.

  10. TEAM PROPREVIEW

    Hi,

    Lets talk about about Connectivity related to this project location

    The kind of infrastructure developments happening in and around Kanakapura Road, especially after the completion of the NICE Ring Road and start of the Metro construction work, has made this location a more ideal place for real estate residential developments.

    The establishment of NICE (Bangalore – Mysore Infrastructure Corridor) Road, which provides connectivity to Electronics City, Bannerghatta Road and Mysore Road.

    This location has grown as an extension of Jayanagar, J P Nagar and Banashankari.

    Kanakapura Road and Mysore Road are among the emerging localities and hold potential for upcoming residential developments.

    • Hemavathi A H
      Author

      The prospect of connectivity to the central business districts via Namma Metro, seems to have made this road further attractive. With the upcoming Metro construction, J P Nagar and Banashankari continue to retain their attraction as residential destinations.

      After the launch of the first reach of the metro, property price getting a push in Kanakapura Road and Jalahalli. Land value on Kanakapura Road is also witnessing an incredible growth.

      The residential activity in Mysore Road [budget and mid-range categories] is expected to rise with the Metro Rail connectivity.

    • TEAM PROPREVIEW

      Hi Sanjay,

      First thing is the Brand. Prestige is one of the most reputed and trusted builder with high track record. Trust is one of the most important components to any successful project implementation. Needless to say, prestige has successfully completed number of projects in Bangalore and gained the trust of home buyers.

      Secondly – Prestige’s way of handling the issues. In case of any issues arises in future, there is no doubt that the builder will stand with you. And of course they will be the very first person to inform you about such issues and get it solved.

      Thirdly – the price difference. The price is comparatively less than the other projects in this location.
      You can expect a huge appreciation for this land in future.

    • Moupia

      One of the key benefits of investing in Prestige Lake Ridge is its affordability.

      The location of the project has good connectivity to Electronic city, a major commercial hub of Bengaluru.
      South zone of Bengaluru is considered as rapidly developing region in the city, which garners a lot of land price.

      Appreciation: Being located in ever-growing locale you can easily get good appreciation by the time you move.

      • kushagra

        Hi
        i visited the site….it is just adjacent to the lake….as per plans they are hardly leaving some 10-15feet from the boundary….
        so my question is:
        how bbmp and sbi approved the project since as per new NGT rules and even BDA commissioner telling we are not allowed to do any construction in that buffer zone which is now set to 75 m

        also i am not sure on some SWD in that part of the land as nearby lake should have some drainage too.

  11. TEAM PROPREVIEW

    As a home buyer, every individual is highly concerned about the location of the project. Surrounding of the Prestige lake ridge is a part of Phase 2 Metro services. Being connected to kanakapura road, it’s a part of NH 209, which starts from Basavangudi and ends at Tamilnadu. NH209 crosses the major cities such as Bengaluru, Kaggalipura, Harohalli, Kanakapura, Halaguru, Malavalli, Sattegala, Kollegal, Yelandur, Chamrajanagar and Punjanuru. You can expect an upcoming Prestige Forum Mall within the walk-able distance.

    The NH209 crosses the River Kaveri, a major source of water for Bangaloreans. Today in each corner of the city people are facing water problem. Prestige Lake Ridge, being located in rapidly developing suburbs of Subramanyapur, off Kanakapura Road can avail 24 hours Cauvery water facility, as the location is very near to Turahalli forest.

  12. Pingback: Prestige Lake Ridge Pre Launch Apartments In Bangalore – prelaunchapartmentsblog

    • satish m

      When speaking to my dad about this, he was telling that it is going to launch officially on 12th of this month

  13. Pingback: Prestige Lake Ridge at Uttarahalli Off Kanakpura Road, Bangalore. – prelaunchapartmentsblog

    • sumit

      Hi Seema,

      The size of 2BHK residential apartment stars from 1160 sqft. The project is budget friendly and located in peripheral of Kanakapura road.

  14. Pingback: Prestige Lake Ridge – prestigelakeridgereview

  15. Pingback: Prestige Lake Ridge Prelaunch Project Of Prestige Group – prestigelakeridgeprelaunchprojectofprestigegroup

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