Prestige Lake Ridge Review

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HOW WE RATED THIS PROPERTY
We use a 125 point rating system that takes into account all the important things that make a home valuable to invest and live in. These rating criteria also carry different weightages based on their importance. A professional team thoroughly researches property details and tallies the scores to provide you ratings that help you choose the best home.

BUILDER – Prestige Lake Ridge Review
Prestige Constructions is a ISO 9001 company and has been in the construction business since 1956. Since then they have successfully delivered 184 projects across south India and have another 50+ projects that are ongoing. They have won several awards like FIABCI award, the DA-1 Developer rating from renowned rating agency CRISIL, the prestigious D&B Awards for being the Top real estate company, Bangalore Hot 50 Brands, International Property Awards, CNBC Asia-Pacific Property Awards etc. They are also a publicly listed company with listings on both NSE and BSE which means they are publicly accountable and required to be transparent. Very few buiders have a track record like this. We have reviewed some of their completed and recent projects and are convinced that they can deliver well. We give the Prestige Lake Ridge builders a rating of 9.4.

PRICE – Prestige Lake Ridge Review
Prestige Lake Ridge pricing is a little bit higher than market prices in this area. It is about Rs. 250/- to 300/- per square feet more than the Godrej Eternity property. But this property is also in a better location. So the prices seem justified from that point of view. However compared to overall prices of apartment projects in this area, the price is probably higher by about Rs. 300 per square feet (at the time of writing this review). Due to this we give a moderate rating of 6.9 for pricing. One thing to note is a branded name like Prestige is good for resale in case you decide to upgrade your property or need to sell it in future for some reason.
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FLOOR PLANS – Prestige Lake Ridge Review
Like many Prestige properties, Prestige lake Ridge offers a wide range of floor plans. The plans range from 1 to 3 bedroom plus maid quarters and are of varying sizes among each category. The bed room sizes are pretty decent as well. Choice is not an issue with this property. With this we offer a rating of 8 for floor plans.
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LOCATION – Prestige Lake Ridge Review
The Prestige Lake Ridge is located near Gubllala Road which is just a short distance from the junction where Kanakapura Road meets Outer Ring Road. There is an approach Road from Gubllala Road that leads to the property. The site is right next to the Mantri Tranquil location and has a lot of commercial establishments like restaurants and shopping options nearby like forum mall, cafes etc. There are also some excellent schools and higher education institutes nearby. We give a slightly better than moderate rating of 7.3 for location.

AMENITIES – Prestige Lake Ridge Review
This property has some excellent amenities both indoor and outdoor, sports, entertainment, health and socializing amenities. Some of the unique amenities are the terrace party areas, the media room or the mini theater where you can watch movies or cricket matches as a group, health club and spa etc. The only downside is that this property does not come with reticulated piped gas which seems like a common feature these days. Consider these facts we are rating Prestige Lake Ridge at a 7.4.

SPECIFICATIONS – Prestige Lake Ridge Review
The specifications for this project are good and are in line with expectations from a group like Prestige and comparable to Godrej Eternity. Both these projects have very similar specs (you can see the entire list below in the property details section). However unlike Godrej Eternity here the power backup for every apartment is more than adequate, but comes with additional cost. Both these projects have no teak doors but prestige also does not offer a premium option in case you want granite or marble flooring for your home even if you are willing to pay more. Also no piped gas at Prestige Lake Ridge. We think that specification wise Godrej Eternity wins overall. Considering this we are giving a rating of 7.6 for specifications.

APPRECIATION POTENTIAL – Prestige Lake Ridge Review
Overall Kanakapura Road area has been appreciating consistently, it is just not as fast as other areas. While buying a property in this area it is important to not compare with other areas in Bangalore like North Bangalore, but compare with properties within this area. Given the location of Prestige Lake Ridge we feel that the property will appreciate better than competing properties in this area including Godrej Eternity, even though at a modest rate. The Prestige name will cetainly add to the value of the property. Given the future prospects in this area are reasonably good we rate this property as 7.1 for appreciation potential.
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PROPERTY DETAILS

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Prestige Lake Ridge houses 1,119 intelligently planned and luxuriously laid out high-rise homes set in 12 towers of 18 or 19 floors, with a spectrum of sizes and configurations, so you can choose a home that suits you the most. From 1-bed to 3-bed homes with a separate maid’s room, every apartment is a spacious and airy abode that overflows with natural light and ventilation.

  • Aerobics/ Yoga Room
  • ATM Space Provision
  • Badminton Court
  • Billiards/Snooler/Pool Room
  • Cards Room
  • Childrens Play Area
  • Club house
  • Creche
  • Gymnasium
  • Health Club/ Spa
  • Indoor Games
  • Jogging Track
  • Swimming Pool with Kids Pool
  • Laundromat
  • Space for Library
  • Mini Theater
  • Party Halls (2)
  • Space provision for super market
  • Squash Courts
  • Table Tennis
  • Tennis Courts
  • Terrace Party Area

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STRUCTURE

  • RCC structure with cement blocks for walls where needed.

LOBBY

  • Elegant ground floor lobby with flooring and wall cladding in granite/marble.
  • On upper floors lobby flooring in vitrified tiles and lift cladding in marble/granite.
  • Textured paint on all lobby walls and distemper on ceilings.
  • Service lobby and service staircase in Kota with textured paint on walls.
  • Lifts in all blocks of suitable size and capacity.

APARTMENT FLOORING

  • Vitrified tiles in the foyer, living area, dining area, corridors and all bedrooms.
  • Anti-skid ceramic tiles in balconies.

KITCHEN

  • Ceramic/Vitrified tile flooring and 2 feet ceramic tile dado over the granite counter.
  • Single bowl, single drain steel sink with chrome plated tap.
  • Ceramic/Vitrified tiled flooring and ceramic dado for the utility.
  • Ceramic/Vitrified tiled flooring for the maid’s room.

TOILETS AND FITTINGS

  • Anti-skid ceramic tiles for flooring
  • Ceramic tiles on walls up to false ceiling.
  • Granite counter with ceramic wash basin in the Master toilet and pedestal wash basins in the other toilets.
  • EWCs and chrome plated fittings.
  • Single lever tap and chrome plated shower mixer.
  • Geysers in all toilets inside grid false ceiling, except maids toilet.
  • Suspended pipelines in toilets concealed within the grid false ceiling.

PAINTING

  • Cement/Texture paint for the external walls.
  • Internal walls & ceilings in distemper.
  • Enamel paint on all railings.

DOORS AND WINDOWS

  • Entrance Door – 8 feet high opening with pre moulded flush shutter and frame in wood, polished on both sides.
  • Other Internal Doors – 7 feet with wooden frames and flush shutters.
  • External Door-Aluminium/UPVC frames and sliding openable shutters.
  • Windows – 3 track Aluminium/UPVC framed windows with clear glass and provision to fix mosquito mesh shutters.
  • MS designer grill, enamel painted, for ground floor apartments only.

ELECTRICALS

  • Concealed wiring with PVC insulated copper wires and modular switches.
  • Sufficient power outlets and light points provided.
  • Power- 6 KW for 3 bedroom unit, 4 KW for 2 & 2.5 bedroom unit, 2.5 KW for 1 bedroom unit.
  • Provision for installation of split AC in the living area and all bedrooms.
  • TV and telephone points provided in the living area and all bedrooms.
  • ELCB and individual meters will be provided for all apartments.

SECURITY SYSTEM

  • Security cabins at all entry/exit points with peripheral CCTV coverage.

DG BACK UP

  • Generator backup will be provided for all common services. 100% power back up for apartments will be provided at additional cost.
SQFT BEDROOMS BASE PRICE
661 1 29.8 L
1137 2 51.2 L
1159 2 52.1 L
1345 2 60.5 L
1358 2 61.1 L
1367 2 61.5 L
1571 3 70.7 L
1745 3 78.5 L
1750 3 78.7 L
Builder: Prestige Constructions – Prestige Lake Ridge

 

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