Prestige Ferns Residency
Prestige Ferns Residency – Overview
“Prestige Ferns Residency” wherein one buys not only an apartment but an ambiance with all the unruffled elements of nature. Seemingly endless expanses of green which are part of the defense estates on one side and a perennial lake with its localized flora and fauna, on the other.
Strategically located, just off the Sarjapur Road, in close proximity with the hotbed of IT/ITES industry. It is a meticulously designed to allow maximum light and ventilation, at the same time ensuring breathtaking views for all types of apartments, with great emphasis on functionality.
Equipped to meet varied requirements with 2 bhk, 2.5, 3, 3.5 and 4 bhk, boasts of club class amenities and verdant landscape.
Prestige Ferns Residency – Configuration
|Extent of Land||25 Acres approx|
|Type of Project||High rise Residential Apartments|
|Type of Apartments||2BR,2.5BR, 3BR, 3.5BR, 4BR|
|Areas (Approx)||2BR: 1174sft-1197sft, 2.5BR:1290sft-1348sft,
3BR:1749sft-1755sft, 3.5BR:2221sft-2240sft, 4BR:2569sft-2597sft.
Prestige Ferns Residency – Approval Status
- All statuary Approvals Obtained
Prestige Ferns Residency – Expected Possession
- Year Of Completion: 2015 Onwards
Prestige Ferns Residency – Location Map
Prestige Ferns Residency – Approach Road
- 60 Feet Wide Road
|J P Nagar||12 Kms|
|Sarjapur Road||1.6 Kms|
|Wipro Corporate Office||3 Kms|
|MG Road||18 Kms|
|City Railway Station||22 Kms|
|International Airport||50 Kms|
South and East Bangalore are nearing saturation. But if there’s one area that’s still seeing significant real estate action, it’s Sarjapur Road.
Development in the area started later, and now, on account of its proximity to the IT clusters around Madiwala, Outer Ring Road (ORR), Whitefield and the Marathahalli-Sarjapur stretch, as also commercial developments along the road, the stretch is hot property.
Wipro came up with a campus on the road some five years back. Infosys has acquired 202 acres in the area to set up an IT SEZ, which is expected to become operational this year.
Analysts say Infosys’ announcement about its project triggered developer activity, anticipating greater residential demand. Land prices in Sarjapur village shot up from Rs 75 lakh to Rs 2-3 crore an acre. Sobha Developers has a 130-acre land in Gunjur, on the Whitefield-Sarjapur Road stretch. India REIT and SunCity, Mantri Developers and Salarpuria have land parcels in and around Sarjapur Road.
“The Varthur-Sarjapur Road stretch is seeing villas coming up. The area has the potential for capital value appreciation,” says Naresh Dandapat, regional director-south for property consultancy Knight Frank India.
Karun Varma, MD-Bangalore of property consultancy Jones Lang LaSalle India, says Sarjapur Road has a large number of upwardly mobile IT/ITES employees. “Proximity to employee catchment areas and availability of ready-to-occupy/under construction Grade A office spaces make it a preferred destination,” he says. The total Grade A office space on the adjoining ORR was 20 mn sft till last year. An additional supply of 3.93 mn sft is expected this year, according to a report by real estate consultancy Cushman & Wakefield.
Capital values on Sarjapur Road have been more affordable compared to some of its upmarket neighbourhoods. “You have an entry-level pricing of Rs 3,500 per sft compared to Rs 7,500 in Koramangala or Rs 4,500 in Whitefield,” says Sobha Developers MD J C Sharma. Mantri Flora, Divyashree Elan, Purva Skywoods, Springfield Apartments, Sobha Cinnamon are some of the prominent developments in the area. Capital values have been appreciating. For instance, Mantri Flora was available at Rs 3,000 per sft two years back; now it is said to be about Rs 4,000 per sft.
“There are close to 2 lakh employees working in the ORR stretch. So Sarjapur Road is emerging as a busy IT corridor. It has a good mix of educational institutions and retail outlets. Many hospitality players like Hilton, Shangri-La and Novotel are coming up on Sarjapur Road,” says Sushil Mantri, CMD of Mantri Developers. But the area lacks healthcare facilities. The closest is perhaps Vikram Hospital in Marathahalli and Sai Baba Hospital in Whitefield.
Prestige Ferns Residency – Master Plan
Prestige Ferns Residency – Floor Plans
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Prestige Ferns Residency – Price
- Completion Time
The Prestige Group owes its origin to Mr. Razack Sattar, who envisioned a success story waiting to take shape in the retail business in 1956 itself.
Prestige Estates and Properties was setup in 1986 growing swiftly to become the leading property developers in Bangalore.
Prestige Court on K.H. Road in Bangalore set the pace and with over 153 developments covering 38.5 million sq ft of developable area to its credit, Prestige constructions now house a very large populace residing in South India.
Also, Prestige hosts some of the biggest MNCs in business here with residential,commercial ,retail and hospitality developments on the cards approximating 61.4 million sq. ft. just in area.
A presence in the retail sector with multiplexes and malls, Prestige has built for itself a name in property development.
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