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Prestige Lake Ridge

Yadallam Nagar, Subramanyapura Post, Uttarahalli, Bangalore.

Call +91-90192 00002

Prestige Lake Ridge - Faq's

Prestige Lake Ridge is located in Yadallam Nagar, Subramanyapura Post, Uttarahalli, Bangalore. It is a new residential pre launch project that spread across 15.94 acres, consisting of 1,119 apartments across 12 towers each having 18 floors.

The distance of the project Prestige Lake Ridge from M.G. Road is 15 Kms.

Venkataramanan Associates are the key designers for Prestige Lake Ridge.

Prestige Lake Ridge consists of a total of 1,119 Apartments, with 1, 2, 2.5 & 3 Bedroom configurations. Their details are as under:

1 BR 661 sft
2 BR 1137 - 1159 sft
2.5 BR 1345 - 1367 sft
3 BR 1571 - 1750 sft

The Project is not a phased development. The Possession Date of it is Dec-2019.

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

Yes, there is a Clubhouse which is located nearer to the entrance of the Project, that is fully equipped with Aerobics/Yoga Room, ATM Space-Provision, Badminton Court, Billiards/Snooker/Pool Room, Cards Room, Children's Play Area, Crèche, Gymnasium, Health Club/Spa, Indoor Games, Jogging Track, Kids Pool, Laundromat, Library Space, Mini Theatre, Multi-Purpose Halls, Space provision for a Supermarket, Squash Court, Swimming Pool, Table Tennis, Tennis Court & Terrace Party Area.

The development will commence by September 2016 tentatively and the Buyers new home will welcomes from Dec 2019 onwards.

Prestige Lake Ridge has been master-planned with a theme. Design, external and internal finishes have been carefully chosen. Considering the number of apartments and timeline of delivery, we are unable to accept changes/modifications.

Car Parking Space is available for each and every apartment. Additional car parking requests will be taken up towards the project completion, at an additional cost.

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

The development plans have been submitted to BBMP, for approvals.

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

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

Assignment can be done only after the Agreements have been signed, PDCs given, 5 installments paid and the new party complies 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.

Our Endeavour is to complete and hand over the development as per committed time lines. However if there is a delay, Prestige will pay 9%* per annum on the amount collected which will be clearly brought out in the agreements.(* Conditions apply).

BESCOM & BWSSB charges, VAT, Service tax, Sinking fund, Advance maintenance charges, Generator charges, Khata assessment charges and Registration charges and any other statutory charges and duties as applicable.VAT & Service Tax will be applicable on all amounts demanded.

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

It is the purchaser's responsibility to ensure timely disbursement of installments from HFIs and no demand will be made by us to the HFIs for the same. To facilitate smooth payments, customers are required to issue a consent letter. Postdated cheques (PDCs) handed over for the installments will be returned on receipt of the payment from the HFI.

The maintenance will be taken care of by Prestige Property Management & Services. You can rest assured that Prestige Lake Ridge will be cared for by professionals.

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