Prestige Lakeside Habitat 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 Lakeside Habitat 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. We give them a rating of 9.4.

PRICE – Prestige Lakeside Habitat Review
At the time of writing this review the average price in this area is about Rs. 5020 per sqft. Prestige Lakeside Habitat is about Rs. 200 more than average prices but we think this is reasonable given the quality of this project. Average prices include all projects including many of the smaller projects, so it is not fair for us to expect Prestige Lakeside Habitat to be at the average price range. Apartments at Prestige Lakeside Habitat are priced around Rs. 5220 per sqft. We think the apartments and also the smaller villa plans are priced right. The villas start at Rs. 7650 and go all the way upto Rs. 8250. Villas have a larger land share so we understand why they cost more. However we feel that the price escalation for larger villas was not necessary. The 8.0 rating reflects our dissatisfaction with the price escalation for larger villas.
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FLOOR PLANS – Prestige Lakeside Habitat Review
Prestige Lakeside Habitat offers a wide array of floor plan choices. There were a few plans that we did not like, especially the ones with all the bedrooms together on one side. I personally like at least one of the rooms to be a little away from the other rooms, so I can use it as a guest room when I need to. I also like one large balcony rather than having 3 or 4 different small ones. However needs and tastes differ across people, so what you like may be something completely different. Prestige Lakeside Habitat has so many different plans that you are bound to land on something that fits your expectation. The plans that we liked most were in the 1655 and 2044 sqft sizes. Even though we wish the bedroom sizes were a little bit larger, we are still giving them a 9.4 due to the amount of different choices available which means most people will be able to find something that they will like.
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LOCATION – Prestige Lakeside Habitat Review
The Prestige Lakeside Habitat location has a lot of IT companies nearby with companies in both Whitefield, Sarjapur and the other software technology parks in between. We counted at least 10 large ones just in the 3 to 7 kms range. There are lots of Pizza shops, chinese, mexican, american and Indian restaurants nearby (2 to 3 kms range). Some excellent hospitals around this neighborhood like the Sathya Sai Hospital, Brookfields Hospital, Narayana Multi-Speciality Hospital and many more. Education institutions like International schools, engineering and medical colleges are plenty in the area. One of the schools (Chrysalis) is right next to the property. The rest of the schools are in the 1 to 3 kms range. Forum Value Mall is the nearest mall to this property. There are about 8 malls in the 3 to 10 kms range. So as you can see this is a pretty great location but you might wonder why we gave a such a harsh rating of 7.0 for the Prestige Lakeside Habitat location. We had to do it because of the peak hour traffic to whitefield which can be a lot and the fact that there is no metro to this location.

AMENITIES – Prestige Lakeside Habitat Review
As you may have already read in the ‘Positives’ section above, Prestige Lakeside Habitat has the largest club house in Bangalore. In addition to that they also offer 3 more club houses for this property. Prestige Lakeside Habitat offers all the regular amenities you would expect like swimming pools, tennis courts, amphitheater etc, which most quality projects tend to have as standard, they also have a golf course in the property which is great. Their master plan also mentions that they plan to have a Retail Center. With all this they bag an excellent rating of 9.0 for amenities.

SPECIFICATIONS – Prestige Lakeside Habitat Review
Prestige Lakeside Habitat gets a 8.6 for specifications. Villas obviously have more luxurious specifications but the apartment specifications are what you would expect from a good builder. They have vitrified tiles throughout the house, granite counter with stainless steel sink for the kitchen, Teak wood frame for main door and switches are modular. Overall the specs for Prestige Lakeside Habitat are good but nothing out of the ordinary, which is why the 8.6 rating.

APPRECIATION POTENTIAL – Prestige Lakeside Habitat Review
Will Prestige Lakeside Habitat appreciate in value given all the facts above? Fair question. We think it will definitely appreciate. We have no doubt about that. However we rated them at 7.8 because of 2 reasons. 1. We feel the traffic situation needs to be addressed by the government agencies. While we know this will definitely happen at some point, at least at this time, traffic during peak hours will be an issue. 2. This area has appreciated fairly quickly and for quite a while now. We think it will cool its heals for a while waiting for the infrastructure to catch up, unlike North Bangalore where the infrastructure came first before growth started. For these reasons we think the appreciation will definitely come but could be slow in the next 3 – 5 years. Long term we feel this property will appreciate well. Bangalore has always surprised everyone when it comes to appreciation, so you never know. it can happen faster. We will keep our fingers crossed 🙂
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PROPERTY DETAILS

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PRESTIGE LAKESIDE HABITAT OVERVIEW

Prestige Lakeside Habitat consists of 3426 luxury apartments in 1, 2, 3 and 4 bedroom configurations as well as 271 luxury villas set in their own private gardens. The total area is about 102 acres. One captivating facet of Prestige Lakeside Habitat is the humungous 80 acres of landscaped open space it affords you. Talk about a breath of fresh air, this is indeed more than a lungful. You’ll be hard-pressed indeed to put your finger on another development that gives you open space that’s this expansive. Everywhere you go you will be enveloped in an ethereal, magical atmosphere that is both enthralling and reassuring.

  • Aerobics/Yoga Room
  • Badminton Court
  • Basketball Court
  • Children Play Area
  • Cricket Pitch
  • Cycling & Jogging Track
  • Golf Course
  • Gymnasium
  • Indoor Game Room
  • Skating Rink
  • Squash Court
  • Swimming Pool
  • Lawn Tennis Court
  • Multi-purpose Court
  • Amphitheatre
  • 4 Club houses – largest in Bangalore
  • Water Bodies
  • Retail Center
APARTMENT PLANS

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VILLA PLANS

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SQFT BEDROOMS PRICE
1195 2 Bed Apartment 62.37 L
1216 2 Bed Apartment 63.47 L
1346 2.5 Bed Apartment 70.26 L
1655 3 Bed Apartment 86.39 L
1697 3 Bed Apartment 88.58 L
2134 3 Bed Apartment 1.11 Cr.
2280 3 Bed Apartment 1.19 Cr.
2321 3 Bed Apartment 1.21 Cr.
2830 4 Bed Apartment 1.47 Cr.
2882 4 Bed Apartment 1.5 Cr.
3130 Villa Arista-1 2.39 Cr.
3117 Villa Arista-2 2.46 Cr.
4003 Villa Baylene-1 3.1 Cr.
4033 Villa Baylene -2 3.22 Cr.
4934 Villa Clara-1 3.94 Cr.
4827 Villa Clara-2 3.98 Cr.
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