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Prestige Ferns Residency – Bangalore – Reviews, Offers, Feedback from Buyers, Group Booking, Price and Much More

Prestige Ferns Residency

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

 

Prestige Ferns Residency - Approach Road

  • 60 Feet Wide Road

Key Distance

Landmarks Distances
Koramangala 6.3 Kms
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

Surrounding Developments

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.

http://timesofindia.indiatimes.com/business/india-business/Sarjapur-Road-is-heating-up/articleshow/7427429.cms

Prestige Ferns Residency - Master Plan

Prestige Ferns Residency

 

Prestige Ferns Residency – Floor Plans

Prestige Ferns Residency – Price

Offers

  • Might get advantage in Group Booking
  • Current Price is Valid For Limited Period Only

 Plus Points

  • Location

Concerns

  • Completion Time

About Builder

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.

Prestige Ferns Residency – Poll

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Harish Achar

Harish Achar is the Founder of Homz n Space. He's a Passionate Real Estate Professional - Core Domain - Bangalore Real Estate Market. Harish is a MBA from IFIM, Bangalore in Marketing & Operations. He has served industry's most Top-line companies like, DLF, Ajmera & Indian Express. A results oriented Real Estate leader with progressive experience in Strategic Planning, Business Development, Marketing and Partner Management. A seasoned professional with expertise in Real Estate and aesthetics elements of the Market. Exceptional communicator and presenter, equally comfortable with executives, stakeholders through end-users to include Customer meetings, Partner meetings & Connected Marketing. Google

14 Comments Added

Join the conversation
  1. 24 May 2013
    Hi Harish, I have booked a flat in Prestige Fern Residency. How do you think that appreciation would be for this project? How do you rate this project for Investment Vs End Use purpose? thanks Neet Reply
    • 27 May 2013
      Hi Neet, Prestige Ferns Residency is good For Both Investment as well as for End Use. As per latest Demand & Supply Analytics Appreciation Expected 15 % per Year in this Locality
  2. 30 May 2013
    i have brought a non premium apartment in prestige ferns will it be a problem when reselling my apartment as there is less demand for nonpremium blocks do you think I have done a right decsion .I have brought it purely for investment Reply
  3. 2 Jun 2013
    Hows the value of appreciation for prestige ferns will it make a difference if you buy a non premium apartment when you actually sell the apartment Reply
  4. 31 Jul 2013
    HArish, What is your opinion on the LEGAL correctness and completeness of the Project & Land documentation? Pl do share any inputs / observation... SK Reply
    • 2 Aug 2013
      Hi Shreekumar, As far as i know, There is no issue with the legal documentation.
    • 26 Aug 2013
      There is some problem with legal, one of the land owner being minor. SBI has not approved this project since there is no legal clearance. But I think Prestige is working towards resolving this.
  5. 24 Nov 2013
    Hi Harish Please let me know the current psfr of 2BHK in Prestige Ferns Residency. I intend to sell a 2BHK. Just wanted to check the best way of doing it. thanks Rajive Reply
    • 26 Nov 2013
      Hi Kumar, Current price is Rs.5800/Sft
  6. 30 Jan 2014
    Hi Harish , I want to invest in 4 bhk,but would like to know the future investment plans in front of 4 bhk towers. Any idea. Reply
    • 1 Feb 2014
      Hi Savita, 4 BHK are good for Self use than for Investment.
  7. 1 Mar 2014
    Harish. Thank you for advice. I am considering 4bhk for self use. However I find people consistently telling me that it is not good for investment. Given location and lake facing is it a major concern if I need it sell or rent in future? Reply
    • 3 Mar 2014
      Hi Anis, 4 BHK are meant for Self use than for Investment. Project holds good potential in terms of Rental Returns. Selling 4 BHK would be slightly difficult...because of low demand.
  8. 16 Apr 2014
    Hi Harish, There is a project just behind Prestige Ferns project with name Zonasha Elegance who are offering Rs. 3900/sqft. I want to book a 2BHK in either of these project for end use. Can you please suggest which one would be good in terms of appreciation of the value of the property and what can be the difference in quality of both the projects ? Reply

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