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

Prestige Ferns Residency

Note: Other Charges extra

 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.

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Please Use below Comment box to share your Views & Concerns about this Project – Help Home Buyers

Summary
Project Name
Prestige Ferns Residency
Published On
Average Rating
4.5 Based on 3 Review(s)
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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, Etc. After serving to multiple real estate firms, Harish identifies that; there is a huge gap in addressing homebuyer’s quires, consulting to home buyers & a Market Place for Property Seekers. So, as a Team He decided to start of New Venture - Homz N Space in the year 2011 along with his friends who has similar work experience & with the same vision. Today, as a company, We are proud that, we are the most trusted real estate platform of Bangalore for Home Seekers & we posses Highest number of User Reviews along with live discussions. We are Handling 100 + Real Estate Investors portfolios & We have Helped 1000 + Home Buyers to identify their Dream Home though our consulting Model at free of cost. We have been recognised as most active Marketplace & Channel Partner for Top Builders of Bangalore to showcase their projects on this forum. Google

Share Your Views & Concerns About this Project

64 Comments on "Prestige Ferns Residency | Harlur | Reviews | Price | Bookings Open ✓"

avatar

Neet
Contributor
Neet
May 24, 2013 11:42 PM

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

sanjay
Contributor
sanjay
May 30, 2013 11:48 PM

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

naresh
Contributor
naresh
December 27, 2015 10:26 PM

hi sanjay i am looking for 3BHK apartment in prestige fern residency. pl let me know in case you wan to sell

sanjay
Contributor
sanjay
June 2, 2013 3:14 PM

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

Shreekumar
Contributor
Shreekumar
July 31, 2013 6:59 PM

HArish,
What is your opinion on the LEGAL correctness and completeness of the
Project & Land documentation?

Pl do share any inputs / observation…

SK

Tarun
Contributor
Tarun
August 26, 2013 10:12 PM

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.

Kumar
Contributor
Kumar
November 24, 2013 2:50 PM

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

Savita
Contributor
Savita
January 30, 2014 10:42 PM

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.

Anis
Contributor
Anis
March 1, 2014 11:22 AM

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?

Arun
Contributor
Arun
March 13, 2015 11:12 PM

Hi Harish,

We are almost on the verge of buying a 4bhk. If you can share your contact details, we can sync up and make the call. No approval from SBI is definitely a concern.

Tanmay
Contributor
Tanmay
April 16, 2014 2:29 PM

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 ?

Amu
Contributor
Amu
May 28, 2014 11:21 AM

Hi harish,I heard about CDP hightech road is praposed just behind this property.how affect it on prestige and ferns residency?

Saugata sengupta
Contributor
Saugata sengupta
June 22, 2014 9:06 AM

Hi, Can you provide updates about the project Klassik Landmark ? (It’s near Amrita Engineering College)

Arindam
Contributor
Arindam
August 14, 2014 5:50 PM

Harish, SBI has not approved this project and the sales guys are hiding this info there is some issue

Kaashyap
Contributor
Kaashyap
November 14, 2014 12:57 PM

Hi Arindam, Can you pl. let me know if we can talk. We share this concern & would like to connect further on this. Kaashyap

Mani
Contributor
Mani
August 15, 2014 6:35 PM

I am planning to buy concorde cuppertino villa (4 BHK). How much the curent value for this villa. Because I dont want to pay more compare to market value.

Rajesh Vishwa
Contributor
Rajesh Vishwa
November 13, 2014 12:49 PM

I would like to make investment in any of the Bangalore Properties which have good return prospect and must be somewhere in south Bangalore. I looked into some of the properties of Sobha/brigade/Prestige. Would be interested in buying 4BHK+Servant in Prestige Fern Residency. Can some one let me know the best price and whether this will be a good investment or not? The entry of the flat must be North or NE and south side it should be open.

Sananda
Contributor
Sananda
December 21, 2014 5:19 PM

Hi Harish,

I am planing buy 2 bhk at prestige ferns residency.I have few doubts on this
1. While visiting the site i got to know sbi is not funding the project. Is there some legal issue?
2.There is a adjacent lake, does it have any wetland encroachment issues here?

Thanks,
Sananda

Deepom
Contributor
Deepom
February 25, 2015 2:52 PM

Hi Harish, I am planning to buy a 2 BHK in Prestige Fern Residency @ a SQFT rate of 5250. Do you think it is good buy with the given market situation in that locality?

Shikha
Contributor
Shikha
March 12, 2015 11:47 AM

Hi harish, what is the current price of prestige ferns residenc?

balachandra
Contributor
balachandra
March 12, 2015 10:38 PM

Hi i am looking 2bhk 1197 east facing in tower 6,10,15 or 9 is second or first sale aviable

Arjun
Contributor
Arjun
May 14, 2015 11:43 AM

Please don’t misguide sir, I called them personally and they said that this project does not have sbi approval. Can you please find out and explain us why ?

Shikha
Contributor
Shikha
May 26, 2015 7:41 AM

Those who have booked early has the company written to you about the penalty cause the project is a delayed project is it ? We are looking at investing in a 3.5 Bedroom

sandeep
Contributor
June 12, 2015 12:59 PM

better to stay on ORR in terms of location and connectivity. Accessibility is a big issue nowdays.

Tanu
Contributor
Tanu
June 22, 2015 2:40 PM

Hi, I am palling to buy a 3bhk there. I called them personally, and was informed that this project is not SBI approved. Is there any legal issues which they are hiding?

tasmanhishMansoor
Contributor
July 31, 2015 12:22 PM

Hello, I would be interested in your property , appreciate if you could revert back with an update on the area and pricing to take it forward.

Animesh
Contributor
Animesh
August 12, 2015 12:37 AM

Visited the project. Heard a graveyard near by. How does it affect the rentals/appreciation.

saurav
Contributor
saurav
September 26, 2015 10:21 PM

The project is not approved by SBI due to sharing aggrement not registered , can this cause issue with OC later ?

Jitendra
Contributor
Jitendra
October 1, 2015 2:05 AM

Folks who have concerns about SBI approval, I have to say that just because SBI has a more stringent documentation requirement to extend loan does not mean the project is not approved. It is rather important to figure out if you can afford these projects and reach out to appropriate banks for loans.

Karthik
Contributor
Karthik
November 4, 2015 8:57 AM

Hi Harish- what is the current price of ferns residency as of today? I am looking for 2.5 bhk. thanks

Mrs Narayanab
Contributor
Mrs Narayanab
December 12, 2015 9:17 AM

Hi thinking of buying a 2.5 bhk in shriram chirping woods at rs 4700/sq ft. Is there any legal issues pl help in deciding. Thanks

Sri
Contributor
Sri
March 21, 2016 1:18 AM

Even I am considering the same… did you buy in chirping woods? Most of the projects in Harlur & Sarjapur are not selling from what I could analyze, so not in hurry, but want to buy 1 in next 1 year

Sandhya Krishnan
Contributor
March 17, 2016 12:18 PM

Hi, Any news/updates about the haralur road widening. We are looking for a 4bhk there Any news helps, thanks

Saurabh K
Contributor
Saurabh K
April 13, 2016 11:42 AM

Possibility of Harlur Road getting widened is very low as there is army land opposite ferns residency and populated village next to it. It will be very difficult to widen the road in such scenario. With all the Apartments coming in this area, condition will onlyworsen in future

Robin
Contributor
Robin
April 14, 2016 4:56 PM

I have a 3bhk 1749 sq ft for sale. It is a premium lake facing apartment and west facing at the 6th floor. Asking price is 7000 per sq ft. Please contact if interested. Possesion is September 2016

ranjith
Contributor
ranjith
May 7, 2016 10:29 AM

hi..
Recently the buffer zone has been increased from 30m to 75m. I can see that the buffer zone for this project is 30m only, especially towers 20,21,22 and 23 and for the clubhouse. Does the new buffer zone impact this project.. even if say the new buffer zone does not affect this project, how will be the resale of the property especially in the above towers which have the 3.5 and 4bhk apartments..

swara
Contributor
swara
May 9, 2016 11:15 PM

I have the same concern while of buffer zone

Ashim
Contributor
Ashim
May 7, 2016 6:08 PM

How is the water facility in this project? Is ground water level good in this area?

swara
Contributor
swara
May 9, 2016 11:54 PM

kindly guide how the new buffer zone policy impacts on this project. My flat is beyond 75 mtr but the boundaries is very much withing 75mtr.
Please share your opinion.

Saurabh
Contributor
Saurabh
May 12, 2016 5:10 PM

I think the new rule regarding buffer zone is not retrospective

Saurabh
Contributor
Saurabh
May 12, 2016 5:13 PM

Has anybody done due diligence on legal papers by himself lately? Please let me know if its OK or there is any legal issues. Thanks

Karuna
Contributor
Karuna
May 19, 2016 9:22 PM

Saurabh, Did you enquire about it? There is no reply here.

Aditya
Contributor
Aditya
May 19, 2016 11:23 PM

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DrRavigouda
Contributor
DrRavigouda
May 30, 2016 10:45 PM

any one knows when will they handover first phase?I have east facing 1197 sft 2bhk fl

Nishant Bansal
Contributor
Nishant Bansal
June 2, 2016 10:02 AM

Looking for 3.5 bhk in prestige fern residency..any leads?

Arjun Prataph
Contributor
Arjun Prataph
June 16, 2016 2:03 PM
There are some legal issues with the project. I booked a 3 BHK way back in 2012 when they launched the project. I was concerned about the SBI not approving the project and somehow managed to contact the advocate who was part of the SBI panel to vet the papers. She told me that there are serious issues and advised me not to go ahead. By this time, I had already paid 20% of the money and I confronted Prestige Sales guys with the above fact. They acknowledged that they had legal issues, but tried to convince me that nothing… Read more »
Saurabh
Contributor
Saurabh
July 28, 2016 1:29 AM

Hi Arjun, Can you elaborate on what legal issues you discovered abt PFR

Jitendra
Contributor
Jitendra
July 17, 2016 6:21 AM

Arjun, We always hear people talking about issues with projects but no one gives exact issues with legal papers. Do you have details as it would help the existing buyers to clarify with prestige.

Sana
Contributor
Sana
September 1, 2016 1:38 PM

Hi,
Wanted to check if Prestige Fern Residency is safe bit to buy. Its 3.5 and 4 BHK towers are just 35m from the lake and as per the latest direction from BBMP min 75m from lake needs to be maintained. Though builder claims they have approval for 35m. Anyone has idea about this please share your thoughts.
Today in news it was mentioned one of the Prestige Apartment in Bellandur area will be demolished due to encroachment of SWD.

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