Prestige Lakeside Habitat

Prestige Lakeside Habitat is an upcoming project by Prestige Constructions in Bangalore. The group is planning to launch over 14 million sq.ft in FY14 with major launches happening in Bangalore followed by Chennai.
Prestige Lakeside Habitat is planned to have a development area of 8.4 million sq.ft. which translates to over 180 acres in development area.

The project site area is between 80 to 120 acres. Prestige Lakeside Habitat is a similar development of Prestige Shantiniketan in Whitefield.

Reliable sources have informed us that the project is planned near Varthur Lake, near Whitefield.

Home Facts

  • Property Type: Township
  • Beds: 2, 2.5, 3 & 4
  • Baths: 2, 3 & 4
  • Units: 3426 Apartments & 271 Villas
  • Unit Size: 1100 - 4827 sq.ft.
  • Floors: Variable
  • Neighborhood: Varthur Lake, Whitefield
  • Price / Sqft: 4800 per sq.ft for Apartments and 7700 per sq.ft for Villas




Home Options

Apartments
  • 2 BHK 1195 to 1216 sq.ft. - 57 to 58 Lacs
  • 2.5 BHK 1346 sq.ft. - 65 Lacs
  • 3 BHK 1655 sq.ft. - 79 Lacs
  • 3 BHK 2134 sq.ft. - 1.02 Crs
  • 3 BHK 2321 sq.ft. - 1.11 Crs
  • 4 BHK 2830 sq.ft. - 1.35 crs

Villas
  • 4 BHK 3030 to 4033 sq.ft. - 2.32 - 3.09 Crs
  • 5 BHK 4934 to 4827 sq.ft. - 3.77 - 3.69 Crs



Amenities


  • Swimming Pool
  • Jogging / Walking Trail
  • Outdoor Exercise Area
  • Children's Play Area
  • Tennis Court
  • Basketball Court
  • Well Equipped Health Club
  • Gymnasium
  • Squash Court
  • Table Tennis
  • Indoor Badminton
  • Basketball Court
  • Convenience Store
  • Multipurpose Hall


Floor Plans

Location

Prestige Lakeside Habitat is located near Varthur Lake

Key Distances:
  • 4 KM from Forum Value Mall


Location Map to follow soon...



Prestige Lakeside Habitat is planned in over 125 acres with over 4200 units. There has been tremendous buzz over this project over the last 6 months, in fact Bangaloreans go frenzy over prestige projects and are ready to pay a dumb premium for a prestige project. Thanks to Prestige Constructions track record.

Prestige Lakeside Habitat has tied up with Disney World to build Disney theme houses and amenities. This really sounds good primarily because Disney being a global brand. It's quite evident that Disney Theme is primarily targeted towards kids.

Undisclosed sources have informed us that the prelaunch price is expected around
4800 per sq.ft. Prestige plans to have 5 club houses for this project, this translates to average of 900 units per club house ( 3000 people density per club house; considering 3 people per unit)

On the neighborhood, accessibility to Whitefield or Sarjapur road are very less in KM terms and major schools are quite nearby, the downside; we are a bit skeptical about Varthur road, we see a traffic bottleneck at Varthur police station with the current traffic conditions and its highly unlikely that the road would be widened with Varthur market sitting right on the roads.

Prestige Construction have already proven with Shantiniketan that they can deliver massive projects. It's important to know that Prestige works on time phased payments and not construction based. A customer would end up paying the entire amount in a couple of years and wait ages for possession. The recent track record of Prestige pre launch to official launch (approvals) has taken considerable time.

If Prestige is the brand for you, go for it. If you're looking for value and better investment, there are plenty in better locations.

The project is likely to open bookings in November-2013 and may take half a decade to complete.

Drop a line to
Abilash (abilash@bangalorenest.com) to get a deal on Prestige Lakeside Habitat

Neighboring Luxury Projects:
Piramal Group Five Summits - Opposite Sathya Sai Hospital

Brigade Cosmopolis

Brigade Lakefront

Note: It is recommended to contact the builder for the latest prices and plans


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