Prestige Lake Ridge – Price & Reviews – 1, 2, 3 BHK Apartments Sale in Uttarahalli

Prestige Group brings to you Prestige Lake Ridge PRM/KA/RERA/1251/310/PR/170916/000334 Phase 1: PRM/KA/RERA/1251/310/PR/170916/000336 | Phase 2) It brings together the wide-ranging luxury lifestyle and the convenience of apartment living in a unique fusion. This gated community spread over 15.94 acres offers 1119 apartments which consist of active 1, 2, 2.5, 3 apartments ranging from 661 to 1,750Sq.ft. These ultra-spacious active apartments offer exclusive indoor and outdoor living, complete with a private garden/terrace and a private pool with a sundeck.

A spread of amenities in high-rise homes set in 12 towers of 17 and 18 floors, for relaxation, sport and fun promise laid-back luxury and energizing experiences. Exclusives like a professionally managed club house, property maintenance by Prestige Group and membership to quintessentially, a world-class concierge service creates a secure, gracious world for you.

Story of Prestige Lake Ridge

Prestige Lake Ridge is designed to offer experience of ultra-luxury apartments in Uttarahalli for very elite crust.  One is instantly immersed in the world of calm, as soon as one steps inside the sky kissing apartments in four high rise towers of up to 18 floors. The difference is in the entire look and feel of each apartment areas ranging from 661 sq. ft. – 1750 sq. ft. They are set in scenic streetscapes. The most distinct feature of the property is a beautiful overlooking lake near the project location and Prestige Lake Ridge is mainly designed for people who seek tranquillity and calm coupled with modern surroundings unlike traditional models.

Locality And Connectivity

The Uttarahalli real estate market has taken off due to its strategic location from the city centre, as well as the affordable rates of properties. Demand has gone up fast for flats in Uttarahalli.

While this area is still a good bet for mid-range investment options, neighbouring areas such as JP Nagar cater majorly to the upper end of the market, since their property rates are on the higher side. Other nearby Uttarahalli localities includes Banashankari and Gottigere.

Nearby Localities:

• Kumaraswamy Layout, Bangalore
• ISRO Layout, Bangalore
• Yelachenahalli, Bangalore
• Bangalore City Municipal Corporation Layout, Bangalore
• Chikkalasandra, Bangalore
• Lingadheeranahalli, Bangalore

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

Commercial Hub Nearby:

• Embassy Manyata Business Park – 28.6 kilometres via Outer Ring Road.
• Koramangala – 11.9 kilometres via Subramanya Pura Road.
• International Tech Park (ITPB) – 28.3 kilometres via 100-Ft Ring Road/Outer Ring Road
• KIADB Industrial Area – 12.8 kilometres via KR Road.
• Electronic City – 25.4 kilometres via NH-48.
• Wipro Corporate Office – 12.4 kilometres via Uttarahalli Main Road

Nearby Schools:

• The Brightway School
• New Millennium Public School
• RNS IT
• KSIT
• Yellamma Dasappa College of Engineering,
• RV Engineering
• PESIT
• Delhi Pubic school
• Kumaran school
• NPS

Nearby Hospitals:

• The BGS Global Hospitals
• Maharaja Agrasen Hospital
• Dayanand Sagar
• Bg Hospital

Nearby Shopping Centres:

• DR Complex
• Vishal Mega Mart

Unit Area and Pricing

Prestige Lake Ridge Area And Floor Plan

Prestige Lake Ridge External Amenities:

• Aerobics/Yoga Room
• ATM Spaces
• Badminton Court
• Billiards
• Cards Room
• Children’s Play Area
• Clubhouse
• Crèche
• Gymnasium
• Health Club
• Indoor Games
• Jogging Track
• Kids Pool
• Laundromat
• Library Space
• Mini Theatre
• Multipurpose Hall
• Squash Court
• Super Market Space
• Swimming Pool
• Table Tennis
• Tennis Court
• Terrace Party Area

Prestige Lake Ridge Internal Amenities

1. Lobby

• Elegant Ground Floor Lobby with Flooring and Wall Cladding in Granite/Marble
• Upper Floors Lobby Flooring in Vitrified Tiles and Lift Cladding in Granite/Marble
• All Lobby Walls in Texture Paint and Ceiling in Distemper
• Service Lobby and Service Staircase in Kota with Texture Paint on Walls

2. Apartment Flooring

• Vitrified Tiles in the Foyer, Living, Dining, Corridors and All Bedrooms
• Anti-skid Ceramic Tiles in Balconies

3. Toilets And Fittings

• Anti-skid Ceramic Tiles Flooring
• Ceramic Tiles on Walls up to False Ceilings
• Granite Counter with Ceramic Wash Basin in the Master Toilet and Pedestal Wash Basins in Other Toilets
• EWCs and Chrome-plated Fittings
• Single Lever Tap and Chrome-plated Shower Mixers
• Geysers in All Toilets inside Grid False Ceiling, except the Maid’s Toilet
• Suspended Pipelines in Toilets Concealed within the Grid False Ceiling

4. Kitchen

• Ceramic/Vitrified Tiled 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 Tile Dado for the Utility
• Ceramic/Vitrified Tiled Flooring for the Maid’s Room

5. Structure

• RCC Framed Structure
• Cement Blocks for All Walls

6. Dg Power

DG Back-up provided for All Common Services

7. Electrical

• Concealed Wiring with PVC Insulated Copper Wires and Modular Switches
• Sufficient Power Outlets and Light Points will be provided
• 6 KW Power will be provided for 3-Bedroom Units
• 4 KW Power for 2 and 2.5-Bedroom Units
• 5 KW Power for 1-Bedroom Unit
• Provision for Installation of Spilt ACs in the Living Room 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

8. Additional Cost

100% Power back-up for All Apartments

9. Lift

Suitable Size and Capacity Passenger Lifts in Every Block

10. Painting

• Cement/Textured Paint on External Walls
• Internal Walls and Ceilings in Distemper
• Enamel Paint on All Railings

11. 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 High with Wooden Frames and Flush Shutters
• External Doors – Aluminium/UPVC Frames and Sliding Shutters
• Windows – 3 Track Aluminium/UPVC Framed Windows with Clear Glass and Provision to Fix Mosquito Mesh Shutters
• Enamel Painted, MS Designer Grills for Ground Floor Apartments Only

12. Security System

• Security Cabins at All Entrances and Exits with Peripheral CCTV Coverage

Buyer’s Advantages

• Current price trends in Uttarahalli
• Upcoming metro connectivity,
• Social infrastructure is rapidly developing
• Major business hubs are well-connected to the area
• Price appreciation – 7%-8% over the last quarter.
• Current property rates – Rs. 3,377-5,419 per sq. ft.

Awards And Accolades

Prestige Group is a tell-tale of passion for excellence. In this journey, the group has been awarded and recognized for their consistent excellence several times over. Not only for its contribution to the real estate sector as well as for its never-ending passion for excellence.

Prestige Lake Ridge have been honoured with the following –

• Asia Pacific Property Awards Development, 2018-19 and many others

Prestige Lake Ridge – Master Plan

Prestige Lake Ridge – Location Map

Prestige Lake Ridge Address & Google Map

Address: Yadalam Nagar, Uttarahalli, Bengaluru

City: Bengaluru, Karnataka

Pincode: 560062

Email : [email protected]

Prestige Lake Ridge Apartment Video

Prestige Lake Ridge Galley Images

Prestige Lake Ridge FAQs:

1. Who are the architects behind Prestige Lake Ridge?

Venkataramanan Associates are the key designers for Prestige Lake Ridge.

2. How do I book my apartment 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 favouring ‘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.

3. How much is the actual area of Prestige Lake Ridge?

The area of the project is 15.94 Acres.

4. When is the expected completion date of Prestige Lake Ridge?

Project completion timeline has been set at Nov 2021.

5. How can I check the RERA approval of Prestige Lake Ridge?

This project is RERA approved. It can be checked on the RERA official website of the State.

6. What are the sizes of apartments?

Prestige Lake Ridge consists of a total of 1,119 Apartments, with 1, 2, 2.5 andamp; 3 Bedroom configurations.

7. How can I get an allotment and when will be considered confirmed?

Fill up the booking application form indicating your choice of Mansion
o Enclose the booking form along with your cheque/DD.
o Allotment will be given at the sole discretion of Prestige
o On payment of 20% of the Sale Value and submission of PDCs for the remaining amount, the allotment will be confirmed.

8. How can I check the BBMP/BDA approval of Prestige Lake Ridge?

Yes, the development plans have been sanctioned by BDA. Environmental clearance has been obtained and BBMP approval has been applied for.

9. Is title of the property clear?

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

10. Is there any differential in pricing based on floors or orientation of apartments?

Yes, there is a differential pricing for apartments. For every floor, there is an increase of INR 15 per sq. ft. and PLC will be additional at INR 75 per sq. ft.

11. Is this a phased development? When is it expected to be completed?

The project Phase 1 will be completed by April 2021 andamp; Phase 2 will be completed by March 2022.

12. When does the development start and when can one move in?

• Construction will commence by September 2016 tentatively
• Project Phase 1 will be completed by April 2021 and;
• Phase 2 will be completed by March 2022

13. What is the scope of maintenance?

Sum of INR 50/- per sq. ft. 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 and Services. All future payments are to be made favouring the property management company.
An additional sum of INR 50/- per sq. ft. 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.

14. Who will be responsible for the maintenance?

The maintenance will be taken care of by Prestige Property Management and Services.

15. What happens in case Prestige Group delays the construction?

Prestige will pay 8%* per annum on the amount collected, which will be clearly brought out in the agreements in case there is delay due to any reasons beyond control.

16. What is the process of Assignment?

Assignment can be done only after the Agreements have been signed, PDCs given and the new party complying with the terms and conditions of the principal agreement. Transfer fee as applicable will be required to be paid. If you have availed 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. Requests for assignments will be accepted only after 20% of the sale value and 3 instalment payments are paid as per the payment schedule.

17. What is the process of Registration and what does registration take place?

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

18. What all agreements are required to be signed?

Following agreements need to be signed are:
• Agreement to Sell
• Agreement to Construct
• Sale Deed is executed later

19. Has BDA/BBMP approved the plans?

BBMP remains to approve the plan. Rest others have issued the NOC.

20. What is the process of paying the instalments?

Instalments are to be paid by way of post-dated cheques. Yes, allotment on payment is on time bound basis. Though, schedule of payment is not linked to the progress of the construction.

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

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

22. When does one gets complete allotment of the booked property?

Once you have made 20% payment of sale value and submission of post-dated cheques for the remaining amount, the allotment will be deemed completed.

23. What is the process of Assignment?

Assignment can be done only after the Agreements have been signed, PDCs given, 3 instalments paid and is subject to the new party complying 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

24. What are the documents that need to be signed?

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

25. What are the additional amounts that need to be paid?

BESCOM and 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 andamp; Service Tax will be collected periodically for the amounts paid.

26. How to go about paying instalments? Are they 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.

27. What is the procedure of Registration and when does it take place?

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

28. Can I make 100% down payment?

Yes. This offer is applicable for a limited period only.