Prestige Ferns Residency @ Harlur Road, Off Sarjapur Road
Prestige group has announced that they will very soon run a pre-launch offer for their new upcoming apartment project at Harlur Road, Off Sarjapur Road. The name of the project is not yet announced however Prestige Group had planned to launch Prestige Misty Waters and Prestige Ferns Residency in August 2012, at the time of writing its not clear if this project is indeed one of them. Sources confirm that the project is called Prestige Ferns Residency.
As per available information, the project will offer about 1300 apartments and will span across 25 acres and will consist of multiple high rise towers. Project is planned to be completed by 2015.
Bookings are expected to be open from Monday 16th June
Prestige Ferns Residency Options
- 2 BHK
- 3 BHK
- 4 BHK
Prestige Ferns Residency Price
Expected pre-launch price is around Rs.4250/- per sft.
Prestige Ferns Residency Location
Harlur Road, about 1.8 km from Sarjapur Road, 6.3 km from Koramangala and 3 km from Wipro Corporate Office. Close to Sobha Classic
View Larger Map
I got to know, there is a graveyard near Prestige Fern Residency.
http://www.indianrealestateforum.com/bangalore/t-general-question-about-graveyard-50180.html
On the same thread somebody gave following reasons for not buying a flat in such a location
The reasons for not buying or living in houses near graveyard are:
* any person would have died of any contagious disease
* any person who died would have not cremated in proper time.
* rodents and snakes may come naturally.
* police could dig a not-completely decomposed body for legal reasons.
* free-show of horror movie ( just kidding)
I do not think it will be a good idea to invest in such a project.
Ittium
Any prominent negatives of the project that should be considered? Apart from high price and 2016 possession. I intend to book one this week.
Big negative is that only 60-65% carpet area if you calculate even though they say 75-80%.
We have booked a 2 bhk about 2/3 months back. and I remember calculating the carpet to be abt 72%
I too had same doubt while booking, they told carpet area is 72-75%, but when I calculated it comes around 65%. The reason is not all measurements are explictly shown on floor map. For example there is an area between living and bedroom for which measurment is not mentioned. After including all this, 2 BHK area comes around 840-845 sq ft which is approx. 72%. I think this is fine.
Raj,
When I calculated, I also got 65.8% carpet area for a 2.5BHK of 1331sft. I had missed the area between living and bedroom. Considering that area to be ~6×7, the carpet area now comes to ~69%. Are you including the Aangan area also as part of the carpet area? If I add the Aangan area, the carpet area comes to around 71.9% for the 1303sft 2.5BHK flat. But the 1331 sft flat doesn’t have an Aangan area.
No krishna, i have not included aangan area as i was told it will not be charged, but i included area between living and bedroom (40-45 apprx ), Main door entrance area (15 sft apprx) and different door areas (13-15 apprx). So, i got an additional 70-75 sft of area for 2BHK (1174 sft) which comes around 840 (71.6% apprx). :Let me know if i am wrong in my calculations. I think, carpet area for 2.5 and 3 BHK will be slightly better.
Prestige is asking Rs 5365/- as the current price. Is it worth to take a 2BHK in this project ?
Please let me know if it is a good price to invest
Which tower is the 2BHK in? Is it any Lake facing or premium flat?
We have booked a 2 BHK in Tower 11. I do not know ifthey have any Lake facing Tower with 2 BHK.
When we booked in Dec they offered us flats in a couple of towers. I do not think any of them were lake facing. They atleast did not mention it. They would ideally have as the rates are higher!
Lake facing 2BHK are available in only 2 towers – 14 & 15 as far as i know. I think they opened these towers in Jan or Feb as i booked two months back at 5350 psft. Premium/Lake facing rates are atleast 200 – 300rs higher than normal ones.
The builder sold apartments from Tower 1 and Tower 2. Now they don’t have the approvals. Every one from these towers are being asked to move to the last tower
Has this project been launched? or it is still in pre-launch stage? Was surprised not to see this project in their main website after 9/10 months of starting the pre-launch…
Also wanted to know if people have started paying the installments as well or only the first 20% has been paid?
The project isn’t officially launched yet, though have been hearing ‘launch within next 2 weeks’ for some time now…Also, its been on the prestige website for a long time now (in whats new section): http://www.prestigeconstructions.com/whats-new.php
Hi Guys
I booked an apartment at Ferns and paid 5260/sq ft for an apartment at 5th floor water facing. I was actually surprised to see that 3BHK properties are cheaper with an asking price of 4750/SqFt.
I generally keep travelling hence I am not sure what is the current status of the project as it was scheduled to be launched in February.
Can some one help me understand where we are from the launch and construction stand point?
Thanks
Pranay
are you sure they are asking lower rate for 3 BHK? i don’t think so when checked with their sales representative
Might not be the same case now (I am not sure).
But it certainly was in December (and earlier) and I can show the scanned/soft copies of price lists I have rendered by the inhouse sales rep of Prestige at ground zero.
I checked few weeks back. Their present price was 5350 psft for lake facing(premium) blocks and 5000 or 5150 for other blocks. There is no difference in 2BHK or 3BHK price but there is difference in premium and non premium blocks to my knowledge. Will check again this week as i am planning to book soon. I think their launch should happen by this month end.
I am thinking of investing in this project but few peoples raised concern about metro connectivity in this area and also water problem. Does anyone has idea how far from this project do we get Metro connectivity. I guess it will be within 5 Km somewhere near Kudlu gate on hosur road. Correct me if i am wrong.
If you guys own an appartment in Ferns Residency, you can join a google group called Prestige Ferns Residency.
i have booked a 2BHK Apprt in Ferns residency, want to join the group, please add in th egroup
Hi Ahmed – How much did you pay? They are quoting 5000/- per sq. ft now.
Thanks,
Tushar.
Booked a flat in PFR. Pl add me in group
Hi Sheela,
I am also thinking of investing of in a 2.5 BHK flat. They are currently quoting 5200/sft. How did you pay? Just wanted to know how much they will negotiate.
thanks,
Krishna
sorry, I did not reply earlier. But they did not negotiate at all! It was take it or leave it !
Pl add me in the PFR group!
Hi,
We are looking to buy 3bhk Prestige . We are planning to relocate to bangalore in 1-2 years. Wanted to know about the schools in this area. Cansomeone suggest some good svhools in this area.
Thanks
Please Join http://groups.google.com/group/prestige_fernsResidency if u booked here (there are more than 200 members who have joined the group )
some of the good apartments are coming in Bangalore south closer to NICE road:
http://www.youtube.com/watch?v=IIMJXJhnuy0
3 Bedroom will cost just 32 lakhs and it is purvankara project.
Is property price dipping in Bangalore now?
Hey Chitr, I have booked a flat and want to join the group. I have applied for it already… But I am not added to group as of now
Is this a good investment in this area? I cant find much info on presitge site. What is the current price for 3BHK?
Why do have different rates for 3BR-3T (Rs 4550/sq ft), 2BR-2T-1Study (Rs 4850/sq ft) and 2BR-2T (Rs 4700/sq ft)? Did we have difference in rate in other prestige properties as well, like Shantiniketan?
Ref : http://www.allcheckdeals.com/project-prestige-ferns-residency-bangalore.php
Recently checked the rates directly with prestige- It is same for all kind of apartments at Prestige ferns residency – Rs 4850/sq ft.
Any update on the launch date of the project?
I booked a property yesterday in ferns…I think it is a very strategic location to access all IT corridors. Harlur rd is pretty decent to drive and not far from the Sarjapur rd. This is my 3rd property with Prestige group. Advantage of going with prestige is, it’s an NSE listed company with 4000 cr cap and will not do anything to spoil its image. I own apartments in Prestige Shantiniketan an 100 acre project, which I think no other builder could have been able to do such a massive project, Though they were terribly late in delivering this project today we have 100% appreciation and an exellent rental outcome.
They do a through job in construction and getting approvals for the land should be the least concern. I think with in a year we will get nothing less than 500-600 rs/sqft appreciation. Also, reselling prestige properties are very easy as they are class A builders.
Good choice for investment or for dwelling too.
Hi Folks, Recently we have visited PFS site. Now they are saying price of Rs.4850/- sf for 2 BHK. Is this reasonable price. I am a NRI and not much knowledge about the area. It is pure investment purpose. So please advice, is this reasonable pricing? and worth buying?
If you are NRI just go ahead and invest. Thats what you guys have been doing and make the life of residents here more difficult with escalating property costs. Pls. book as asap.
Dude – Looks like you are a big frustoo (a frustated person) who throws his shortcomings on others. Builders and Politicians are jacking up prices by bringing inflation in country. No fault of NRI. Think before you comment.
Hi folks, I am considering to invest in 2 properties right now, including PFR. Could you tell me, if Salarpuria greenage would fare better over this property, in terms of return as, though project is right on Hosur road, 1.5km from silkboard and about to get hand over for pahse-1, woudl it give more appreciation and also, they are quoting around 5K, right now ?
I think Greenage is a better option in terms of location and amenities.
Greenage has a much better location and in terms of amenities and open space its very good.
- Greenage is ready for possession
- Greenage may earn you handsome rental right away [Oxford college and offices all around]
- Greenage might get Cauvery water as it’s already being supplied till Bommanahalli
- Metro station is next to property. Haralur Road will never get one
- Greenage is located on NH7. Communiting will never be a problem (bus, auto)
- Koramangala to your left, HSR in front, and BTM near by, sounds better
Just my opinion. I’m neither invested in this property nor a Salarpuria employee:-)
Hello Friends,
I have created a Facebook group for the owners of Prestige Ferns Residency. Those who have booked an apartment, please join the group and let us be in touch.
http://www.facebook.com/groups/Prestige.Ferns.Residency/
Cheers!
–Aditya
I don’t see any more activity/ comments from people about prestige ferns residency.
The project has gone through a pre-launch phase, but it still doesn’t appear in http://www.prestigeconstructions.com.
Harsha, do you know any updates on the project?
The project is still in pre-launch phase and you wouldn’t find any pre-launch project of prestige on their website. Think they wait for the official launch before the details appear on the website.
Hi. Please Can anyone predict the min and max price which we can expect in PFR. at launch ? (when is the launch ? ) price after 3months installment ? after possession ? i am planing to book a 2bhk. waiting for some good suggestions because the price has already increased from 4200 i am confused to buy or not for this elevated price. thank you.
I will suggest you to look for SJR regent park property.
You will get 3 hk there for 2bhk rates in ferns,
Its very close to ferns residency.
visited site today. Surprised! when i went 2 weeks back crowed was so huge and i was numb after seeing interest of buyers. Sold flats like hot cakes in few minutes. Now today the story is totally revert. I didn’t find any parties interested in flats rather i saw finger countable investors in deep thinking of their future returns. 200 sold out of 1200 flats….. hmmm. long way to go. Till now no approvals in place.
2 bhk 1197, carpet 70% – 800+ for 70 lacks gud deal.
monthly maintenance Rs 3.5 per sq.ft. comes around 4k for 2bhk. Did any one check if the land is fully own by developer?
would recommend to see the trend and then write such things,as it may misguide the serious buyers and missing out on a very good opportunity.
just helping investors to take smart decision. All are not like minded. Some one will have big dreams with investment some for live in, These comments are only meant to give them idea not for FINAL decision.
i heard that in some tower not sure which one proposed plan is changed. Few flat sizes will be reduced.
They still keep calling me to buy as there are no takers for their greedy budget project.
this project is not meant for first time buyer looking for live in. It is for only investment that too if u already bought it for 4200 – 4450. Now they have increased the prices.
That’s your prospective . If you don’t want to receive calls, then don’t register your no.
I don’t think your figures are correct. As me and my few relatives have bought the property last week. Looking at the average it looks like Prestige has sold more than 500 apartments.
Regarding approvals , I think that’s the benefit of investing with A class builder. Because as we are concerned about the approvals, there image is also at stake in case things didn’t turn up the way, it’s planned. and I even heard that current rate is 4700/- . So all in all its a very good deal.
I didn’t tell its bad investment! its gud investment for those who bought 3+ bkh at 4200 – 4450 – 4550, better 2.5 bhk. For 2 bhk investment with 800+ carpet if they give 70% i dont think they will give more carpet area. Sale buyers reluctant to buy for 1 cr for less carpet area. Just go through Bangalore reality survey says, 50% flats are empty(unaccupied) hold by investors for the returns and market to stabilize. This and invest. Gud luck for the investors. Cheers!
Not sure from where you got the 200 number but i dont think it is required. Not saying because i have booked the flat in PFS but recause the the way rates are increased. I was in prestige office yesterday and they have released block 18 at 4900 per sft.. Without flats getting sold fast, i dont think they could have hiked from 4250 to 4900 psft in a month’s time. And the last set of 150 flats would be sold at around 5300-5400 per sft from what i understand..
I meant the 200 number does not seem correct…
From what I heard, 150 ? 180 flats were sold at the base price of 4250/-…
Guys,I also visted do not see worth . It looks all these comments and feedbacks posted by builder to make the picture rosy , be cautious and careful ..
I visited site office on saturday evening and found no rush as such. Price is revised to 4700 and bookings are open for block 17 and 18 for 2.5 bhk. However, for 3 bhks price is still 4550. They are also charging Rs 50 additional for premium view for block 17 and 18. Looks like after the recent price increase this is no more a lucrative project. I wanted to book 2.5bhk at 4550 but 4700 made me to think twice. I think we have already lost the appreciation of Rs500/sqft and it is not worth to enter now given that price will not increase at this rate here onwards. I had to leave the site without booking
Hi,
It’s surprising, i visited there Head office on Saturday, and there was a huge rush there. I booked one 3 bhk at 4550/- . I think if not 2.5 bhk then we can consider 3 bhk.
Can somebody tell me the total cost for a 3 bedroom – Base cost+ car park+plc+Bescom+water+registration.
Sobha classic launch price was 4200 ,but if you see the actual cost it is around 5400 incluring registration.
totally it will cost you 3bhk – 90+ lacks with todays price
We 5 of us visited ferns …price seems to be very high.
We went to regent park. by SJR Primecorp – launching the project very close to prestige ferns.
There is much more better location than this.
They are quoting price of Rs.3590 per sft. We all friends booked 3 bhk there . Nice plan and total cost of 3 bhk will comes around 66 lakh all inclusive.
I will better suggest regent park than prestige ferns.
I saw some complaints regarding the sale agreement in the ‘Right to rebuild’ clause for SJR Watermark.
Did anyone check on the agreement for Regent Park. Is the clause same here as well?
Reference:
http://www.complaintsboard.com/complaints/sjr-watermark-c420656.html
This clause is no there in regent park
Kavya,
As you mentioned that this clause is not present in Regent Park…Have you got a legal doc from builder stating the same? Or Its just a verbal communication from builder?
I totally dis agree when you say ‘regent park’ is in better location then “prestige ferns”. Ferns is ~1.8Km from Sarjapur road and 2.2Km from outer-ring-road. Regent is 3.6 Km from Srajapur Road and 5.2Km from Outter ring road. Juts do a simple Wikimapia lookup.
And yes i have been to booth locations and saw personally.
Cost wise, yes Ferns seems to be on higher side, but again the near by project like Shoba are even higher. ‘Regent park’ is good project too.
Please go through today’s news in TOI on one of the lift falling free for 9 floors in SJR building.
Their quality does not demand this price. Moreover the area is not so great considering road congestion and water problems.
http://timesofindia.indiatimes.com/city/bangalore/15-injured-as-Bangalore-tech-park-lift-plunges-9-floors/articleshow/15595450.cms
Kanchan
prestige shantiniket building collapsed while under construction ..
its not worth investing in prestige also..
my sister in law staying in prestige shantiniketan… quality in hopeless.
they r planning to sell that unit.
Any one is interested to buy ..let me know..
Everyone is of the opinion that prices of realty will go only one side. UP UP UP.
Guys, There were no one to pick projects in this locality for even 2000 couple of years back.
All the real estate developers are cashing in this opportunity to convert the land purchased by then in 2008/2009 with launches at these high prices.
Do you all expect that this property price will be 8000+ by 2017?
Look at Gurgaon and Delhi, Recently property prices have fallen by 20% due to oversupply and lack of demand.
Invest cautiously not looking at the price increases these developers play with to force you all to take a decision.
When a fall happens, property prices fall faster than the speed at which they have increased.
UNLESS you are a first time investor and will be staying in these property these are not great for investments and will not generate a lot of ROI.
Think wisely and make decision.
>> price will be 8000+ by 2017?
Salaries may have to double for that to happen
>> not generate a lot of ROI.
Agreed. May be similar to bank FD
Fully agree with you Vaidy. Current price is not sustainable. See one of the article from Knight Frank:
http://www.firstpost.com/business/mumbai-realty-is-dead-its-time-to-move-on-414024.html
The road is very bad for commute, full of traffic. You may be lucky not to see it but I use the road very frequently. Nothing is good about that road. Even on weekend it takes me around 10-15 minutes to take turn on Sarjapur road intersection. After around one KM, road is pretty narrow and often resulting in jam.
Can we please NOT create multiple groups? The original one is not only working but is very active too.
https://groups.google.com/forum/?fromgroups#!forum/prestige_fernsresidency
Looks like I overlooked the comment before approving. I would agree too.. I don’t see a purpose of having two different groups and I did check the old one from Chitr and it is active, disabled the comment until further clarification is provided by the user.
I have heard that the prices will be increased to 4550 / sq feet from today onwards, is it true?
I got the recent quote from the sales team of prestige.
they have increased the price to 4550 from July 24th
the property looks really a gr8 investment for those who are not in too much of hurry for possession as this might be ready by 2016 end or 2017 begining considering the delay Prestige always have.
the prices should go uptp 5200-5300 in next one year looking to the tranquillity project performanace.
please correct me if i m wrong
Yes its truw, and 2.5 BHK is increased to 4700+ ..i was the lucky last guy to book 2.5 @ 4400/- and got one one the best location in whole layout.
When i was there last sunday to book, it was madness, people booked like crazy. If i reached 5 mins late o would have missed last available option.
Congratulations Ganesh on booking (and being the lucky one ! ) .
Can you please tell in which tower you booked ? When I inquired for 2.5 BHK premium facing apt. yesterday .. I was informed that only Tower 4 is opened and mid floors (which was my preference) were not available. When I asked for Tower 5 and 16-19, they told that these towers are not opened ?
So are these towers now opened at 4700/- ? :O
Which towers were opened at the time you booked ?
When i booked, i was given only only one option Tower 16, Park facing (East facing door), top floor, it was with in my budget and i liked its location so i did not think twice to book it.
They are still selling Tower 16 for 4700 per sft… Even i was there last sunday and it was mad rush… I booked much in time and got the first pre-launch rate for the 4 bhk…
Oh , so the price has now reached to 4700???????
Well i feel i was the very lucky one as i got the booking of my 2.5 BHK at 4250.
The issue is the i have to book one more 2 BHK but the project is not giving me time to be prepared for that by increasing the price each day.
Hi Ganesh,
Even I have booked one apartment @4400psqt… Even I tried for block no. 16, since it is park facing…. But I have been told that all are south facing in those blocks(16, 17, 18)…How you are able to get east facing
Saroj,
I booked 1290 sft appt in tower 16. Check its directions in the layout map, its entrance is in east ( well south east to be accurate, it is more towards East ). I brought the last available appt.
what is current price in prestige ferns? i want to book 3 BHK?
People what do you think about the approach road situation. the place where Harlur road connects to the Sarjapur Road is going to be a nightmare once all these projects are completed.
As per the CDP, this road is supposed to be widened to 80 ft road by 2015.. and plan for prestige is taking into consideration that they need to leave space to the road widening.. When i spoke to the Prestige folks they said, notices have already been issued to all buildings in that area..
Hi Harsha,
Thanks for your blog. It is very helpful for prospective buyers like me.
I heard from someone that there is a high tension wire across the site of Prestige Ferns Residency. Do you know whether this is true?
Thanks
I have been to the site couple of times but didn’t see any high tension wire going through the site…if you still have doubt, you can visit the site to confirm.
I have also visited the site couple of times, there is no HT wire there.
Heard, this property is very near to army ammunition testing area…and the army camp exists since British days and they test heavy shells in this area.. which sounds like big bang!!!….is this true?
Hi all
Actively considering making a booking here, but still to make up my mind
1. Which would be the nearest metro station?
2. Would resale be possible after a year or so, say by the end of 2013, and if so what could be the expected appreciation?
3. If I decide to hold it, what would be the expected “extras” beyond the 51L+3L for 2BHK before taking possession, and what would be the annual maintenance liability thereafter
4. What is the present rental levels in the area (2BHK). Would it be possible to rent it out for short stays / service apartment?
Did anyone check the carpet area for the floor plans? Does anyone know what “AANGAN” is ??
When i did the addition for 2 BR flat (1197) i see only 65% carpet area. Is it such low?.
Is prestige showing the area outside the flat as carpet area to cover the point that carpet area is way below the market standards.
Please join prestige_fernsResidency@googlegroups.com (whoever has booked for project)to share more details about Fern Residency Project.
Right now there are 25+ members
My request to join the group came back with a failure message, can you please confirm the name on the group.
Thanks
You are right, most of the prestige projects carpet area (including balcony) is 67-70% range of super built up .
For Prestige Tranquility the carpet area is between 72 to 75%
Hi Harsha – I wanted to drop in a note to thank you again for bringing us this info, I couldn’t find your email contact details, so using the comment box. I’ve booked an apt at Ferns Residency, and I found out about that from your blog.
Keep up the great work!
Hi Hobbers, what was the psqft price you paid? Did you go directly or through an agent. In case if it is through any agent, will there be any discount offerred?
-Maha.
Paid Rs 4400 psft + Rs 15 for floor rise, which begins from the 1st floor. I went through an agent, the one who advertises on on this site. And no, didn’t get any discount.
Hi Sir
I am interested in booking an apartment here and would like to know the payment details. My parents visited the site and were told that the completion is around 2015. I think the builders will start need funds from 2013 onwards. Does prestige have any pre-emi avoiding scheme or tie-up with the bank.
Any inputs on this will be much appreciated.
Thanks
harish
As of now, we have not heard of any pre-emi scheme. Payment details is basically within 1 month you need to pay 20% of the basic value… Booking amount differs from apartment to apartmnet… I paid 7 lacs as booking amnt for 4 bhk.
At what rate per sq feet have you booked the flat?
Hi, About Prestige Fern residency Location …..I went to that area few months back and there is a graveyard around, but I am not sure this property is how far from that or it is just beside that. It seems to be exactly in the same location where i have seen there is a graveyard. So can anyone confirm me about the location ..?
The graveyard is slightly next to this land.. there is a narrow lane which goes around the land.. the grave yard is on that.. it looked quite small to me.. the bigger concerns are if the Harlur Rd can sustain so many projects.. 1300 flats is a lot.. and there are tons of other flats on the road..
There is a sever water issue in that Area
Hello,
It’s funny that I don’t find any details of the project “Prestige Ferns Residency” in their official website “http://www.prestigeconstructions.com/”.
Besides, is there a contact number of marketing people to get details of the project?
Thanks
Hi UKumar,
Project appear of builder’s website much after the initial round of flats are sold. My agent reached at around 12 noon today to Prestige’s office but by then the 1st 50 flats were sold at Rs 4250/-. The next batch was sold at Rs 4,400/- in which I managed to book a flat. I understand flats sell like commodity in blore. Anything less than 1 crore (10 million) is treated as “low income housing”
.
All the best!
Got an email today from another broker:
Prestige Ferns Residency
A fitting tribute to the location, “Prestige Ferns Residency” wherein one buys not only an apartment but an ambience with all the unruffled elements of nature. Seemingly endless expanses of green which are part of the defence 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 2bhk, 2.5, 3, 3.5 and 4bhk, boasts of club class amenities and verdant landscape.
Please find below brief details of the project for your kind perusal.
Location
Harlur road,
Distance
From Sarjapur Road 1.8km
From Kormangala 6.3km
To Wipro corporate Office: 3km
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.
Booking Amount
2BR- 3Lacs, 2.5BR-4Lacs, 3BR-5Lacs, 3.5BR-6Lacs, 4BR-7Lacs.
The price of the same will be Rs.4400/- sft, floor hike Rs.15/-sft & Rs.50/sft will be charged as view premium. This price is valid for a few units only.
Please Note: you are required to carry the below at the time of booking,
·2 cheques – 1 for the booking amount & 2 for the balance of 1st 20% of the sale value which will be dated 1 month from date of booking.
·1 passport size photograph of the applicant & co-applicant
·PAN card no of applicant and co-applicant.
Without the above the booking will not be accepted.
Thanks for the Info. This means that the price 4250/- is no longer valid.
yeah ..
I saw a couple of comments on brokerages and discounts, I would recommend anybody interested in booking in this project to get in touch with our sponsors on the contact number in the article. I had a chat with them earlier today and they have assured that you will get the best price possible. Just mention reference as HarshaSagar.com to get the deal… !!!
Hi Harsha,
We may be intrested in Prestige Ferns Residency. Please contact at the following email address.
Thanks
Shalini
I called the number stated above and he said that it is not yet launched and he will get back to me within a week’s time.
Has anybody been able to book @ Prestige Frens and at what rate?
Hi all,
I got a mail yesterday from one of the agents saying that pre-launch booking for Prestige Ferns Residency is starting today, 17 July. The pre-launch price of Rs. 4250 per sqft will apply for first 50 bookings. After that, price will be Rs. 4400 per sqft. They have also emailed master plan and floor plans of apartments.
You may contact Presige directly in their Head Office or on site – dont know where they are doing booking.
Regards
Hey Harsha,
I don’t see any contact nos. mentioned in the chain of chats. Could you please provide me the the contact no of the person who has assured you of giving the best price to the willing customers.
Many Thanks
Alka
Number is visible in the article !!
hi
does anyone know more about the amenities here. i got the info that its only 1 tennis court and 1 very tiny pool.
Also ,y the rates less compared to shobha classic ,which i find is 6000+ psft.
cheers
SB
Pre-launch rate sobha-classic was 4206/- and today sobha classic is almost in final stages.
(Even u can get at rates of 4.9K-5K from resale)
Bangalore – SOBHA CLASSIC (off Sarjapur Road) at pre-launch price of Rs. 4206/sq.ft!
I visited Prestige Ferns Residency and Salarpuria Senorita. And confused among them.
Senorita seems appealing for its location and its ahead in terms of construction, with payment schedule linked to construction.
Ferns Residency on the other hand has its benefits of a township.
But Prestige’s payment schedule in other projects (Sunnyside etc) hasn’t been construction linked.
So, won’t be surprised if its the same case with Ferns as well (a bit of downside)…
Looking for some advise, I know many visiting Ferns Residency would have similar doubts.
Can you tell me the exact location of the project along with the contact details?
Is the project already launched? I was informed that the booking will start on 14 July 2012, but it seems it has been postponed by a week. From the comments here, it looks like some people have already booked the flat. How are they booking it before the launch?
I heard Prestige is collecting booking forms and booking cheque directly for this project. They have also been asked for their preference apartment. Only one block each for 2, 2.5, 3, 3.5 and 5 bhk have been opened for booking. The first 150 bookings will get price of Rs. 4250 while after that they will have revised pricing.
Call Prestige directly to book.
I think this project is not a great investment due to the following reasons:
1. Sever water shortage in the area
2. Couple of other big projects are coming up in the vicinity and the approach road is very narrow, which will be a big bottleneck in the future when people start moving in. The traffic situation will be similar to how it is in the area behind Salarpuria GR Tech Park in Whitefield where a host of Prestige projects are there and the approach road is very narrow. Every evening and morning people need to display their best driving skills to maneuver in the traffic jam.
Its seems Harlur Road is marked for widening (80 ft) by BBMP.
plz google.
chitr: please share the link, if you have.
yes, it is planned to wided the road 80 ft. Already BBMP issued noticed to all other projects which are in progress.
Hi Guys, is there any other project in same area cheaper than this project? This will cost approx 65lac for 1300 sqft (2.5 bhk) apartment. Does it make sense to buy this one because Prestige Tranquility is the same price for 3BHK (1636 sqft) of the same price that we pay for this one.
Hi,
SJR Primecorp is pre-launching SJR Regent Park in 17 acre land on Harlur Road at Rs. 3500 per sqft. You can call their marketing people from their website.
Anurag
Their project is coming up since January,2012 but it is still about to come.
We cannot compare this project with Tranquility wrt Location. Even in that area ,location of Ferns Residency is better then Reliable Lifestyle lane projects (Sobha Cinnamon,Purva skywood ,ND etc) as all of them are after a15ft wide and 300mtrs slummed area.
Please join prestige_fernsResidency@googlegroups.com Whoever have booked at Prestige ferns residency
I also got a call from a broker about this project. He also mentioned that the possession of this project is mid 2016. Does anyone know the payment schedule? If it extends till 2016, 4250 can be a lucrative option. What is the general opinion?
dear santosh,
project is subject to complete in mid-2016 depends on the approval process. Lucrative option hmmm dont think so until u find impulse buyers in the market. If our all salaries hiked to crores like our political babu’s then sure it could be bonanza unvestment. cheers!
Please join prestige_fernsResidency@googlegroups.com Whoever have booked at Prestige ferns residency
3BR 1728 sft – there’s no balcony attached to the living room (balcony is attached to the dining area). the 3BR 1749 sft plan is better, imo, since there’s a balcony attached to the living room. however, you’ll not get corner flat in 1728 sft.
the 3.5BR comes in two sizes 2221 sft and another one slightly higher (dont recall the size). the 2221 sft flat has the same issue – there’s no balcony attached to the living room
hopefully, their plans will get better
the project is worth investing in because of the internal landscaping and space inside..
Hi r2d2,
From whom you got the floor plans? We went through a intermediate broker. They dint give us any floor plan yet and availability.
Pleas elet me know whom should i contact for floor plans.
hi arjesh,
we’d visited their office on july 8 – the floor plans were shown there. starting today, they’ve started sharing the soft copy – however, there’s no difference between what we saw then and now.
Hi,
Have you booked an apartment and got the door number as well? Even i have booked with 5lkh, but they said they will come back to me only by 13th with floor availability and floor plan.
Thanks
Hi Arjesh and others,
Congrats on booking the house.
We are also interested in the apartment. When I approached them, they say that the floor plan is still not available. How did you guys decide on the unit. If we book with 5 lakhs now, can we have preference on which unit or is it just alloted by them?
Also could someone summarise the benefits and disadvantages of this project. It would be helpful for us in deciding. Is there any water shortage in the area? How are the schools in that area?
Thanks.
Hi bobby,
I am planning to book a flat in this project, can you please tell me how much extra we need to pay for amenities like parking, electricity, water, club house and some other things..
also can you please share your contact number.
Thanks,
Sridhar
i believe the extras are around 15% of the sale value + car park (3 lakhs)
i got a call from a broker and he said that the total cost incl of registration will work out to around 56 lakhs for 2BHK In ferns residency project. Is it a good place to invest.what is your view?will it develop in the next three years?I am eagerly looking forward to hearing from you guys.
I am interested in prestige fern residency project..looking for 2bhk..any reviews hows the project and payment structure.
anybody has booked 2bhk in prestige fern residency..plz share email address..
I got the email from Prestige about the pre-launch. Here are the details from their email:
We are pleased to inform you that we will shortly be starting sales for our new pre launch project “Prestige Ferns residency” project located on Harlur road, off sarjapur road, Bangalore.
Please find below the brief details of the project for your kind perusal.
· Location : Harlur road,
· Distance : From Sarjapur Road 1.8km
From Kormangala 6.3km
To Wipro corporate Office: 3km
· Extent of Land : 25 Acres approx
· Type of Project : High rise Residential Apartments
· Type of Apartments : 2BR,2.5BR, 3BR, 3.5BR, 4BR
· Areas : 1200sft to 2550sft approx
“Prestige Ferns Residency” is ideally located making your home closer to your work, renowned schools & entertainment centers
· Distance from :
· Sarjapur road: 1.8km
Ø Wipro corporate office: 2.7km
Ø ORR junction: 2.4km
Ø Marathalli Bridge: 6 km
Ø Kormangala: 6.5km
Ø MG road: 14 km
· Nearest Schools: Inventure Academy , Gear International School, Greenwood high International School, Indus International School,
· Nearest shopping malls: Total Mall, Bangalore Central
· Nearest Hospitals: VIMS speciality Hospital, St.John’s hospital
· Nearest IT parks : Wipro corporate office, Eco space, Prestige Tech Park, Vridavan tech park, Cessna Business park, Salarpuria Soft zone, RMZ Hallmark, Salarpuria Touchstone etc…
The price of the same will be Rs.4250/- sft . This price is valid for the 1st few units only.
Booking Amount : 2BR- 3Lacs, 2.5BR-4Lacs, 3BR-5Lacs, 3.5BR-6Lacs, 4BR-7Lacs.
Can you send me the email id of the rep.? I am keen to know more about this project and planning to buy.
I received a similar mail as well… Looks to be interesting project… But worried about if the infrastructure (roads etc) can support 1300 flats (+ other projects that are also coming up in the vicinity)… the approach road from total mall to the site isn’t wide enough..and not to mention the existing water problems in the area…
But still interested in knowing whats others think about this project…
I visited the site but it is far from the Sarjapur Main Road and also I dont see any shopping centers near that project except total mall which is 1.5km..Also there is BSF camp opposite which makes this place remote…What do you suggest about the locality of this project given it will be completed in 3 years..Also is there any water problem..
Hi Sandeep, where is exact location ? is it very close to lake ? did prestige people take you tere or you went on your own? if you know lake dew how far it would be from that location.
It is 1.5 kms from Sarjapur Main road. Looks like it is close to lake. I met prestige people in that project. The main concern I had is the road is very narrow now and next to this project is Harlur Village not sure if this will develop. Confused about this project because the landsace of this project is good…
Hi Harsha,
Its a great website with full of knowledge. Thanks for this initiative.
I am seeing so many projects on sarjapur road. with a density of around 80-100 flats per acre what do you think of water problem and other civic problem ?. Every where people are launching the projects left and right and blindly people are also buying simply beco Sarjapurrrrrrrrrrr Roadddddddd. We have to just hold our velocity of mind and sit back and think “What will be the future for a basic necessity like water”? your thoughts.
Hi Ramesh,
I completely agree with you. I also wonder what will happen when people actually start living in these big apartment complexes and start commuting to office in their cars as the last mile connectivity through public transport is not good. I feel it is better to avoid areas which have a lot of hype.
Another interesting thing to know would be – how many people are actually buying with the intention of living in these flats. I am afraid that 80% high end properties/apartments might be owned by 20-30% people. Though there is lot of hiring happening in Bangalore in IT sector but the salaries are getting stagnant so it’s unrealistic to expect rents of 30k + from most of the people.
I hope that a price correction happens but I am afraid it won’t happen. Property in bangalore is still at a much affordable price compared to Mumbai/Gurgaon.
Salarpuria is coming up with a 3BHK flat opposite to Wipro on Sarjapur Road.. Need to know whether Prestige Ferns Residency or Salarpuria -Senorita ia a better option.
Hi, any idea of the details like price and name etc of this new project by salapuria you mentined?
Did any yet booked in prestige fern ???? yet ???
Hi, I don’t think going through broker for some % of discount is a good idea. As I had a very bad experience with one of the very renowned agents. Before booking they promised a discount of 1% and now after booking, they are not willing to repay the same as as per them ther commision is not released by the company. and as per the company they have released their comission already.
So my opinion is better to go with builder, where you will not be given any false promises and 100% accurate details about the project. You will atleast not feel cheated.
Harsha,
Where is Prestige Misty Waters coming up in whitefield? Is it villas or apartments? Thanks in advance.
Sumana
I am also interested in knowing about Prestige Misty Waters? Is it a plotted layout that is coming up in Whitefield or are they villas?
Also, somewhere on your website, I had read that Prestige has acquired close to 100 acres in the Varthur area. Do you have more details about that project now?
Thanks in advance
Hi Harsha, thank you so much for bringing this info to us, it is SUPER HELPFUL!
I wanted to get your opinion on brokers in Bangalore – I spoke with a couple, and both said that they take a % of sale value from the builder. And that since Grade A builders like Prestige etc don’t negotiate on the price, we would pay the same if we go for it directly or through the brokers. And that the added advantage with brokers is the service they provide and their knowledge of the sub-markets. Would be great to hear your opinion, especially about Grade builders negotiating on the price.
Thanks,
Hobbes
Thanks Hobbes. About a year back when Prestige Tranquility was launched.. the same time when the blog was also launched.. a large group of people who were interested in the project and who met each other through this site did approach prestige as a group.. unfortunately Prestige refused to reduce the price even by a single rupee. Another small group in fact even requested that the 1% offer that they offer to the broker could at least be given as a discount, Prestige declined saying that it was against their practice. I believe this is also the case for publicly listed real estate companies such as Sobha, Brigade etc.
Also I feel many people are reluctant to use brokerage services, since they feel that they will be charged for the services but thats not true when it comes to buying an apartment from the Grade A builder. Brokers only get a commission from the builder and also sometimes share this with their customers to close the deal, of course with smaller builders this is not always true.. but then you as an individual buyer should really be a tough negotiator.. and some times here too using a broker service would help since he is as interested as you in closing the deal and many times can persuade the builder to offer some discount.
Thanks for the prompt response – interesting that Prestige didn’t offer even a 1% discount! I a lot of ways that’s good – you know there’s some level of transparency.
Thanks Harsha!
I am booked my last apartment with Prestige 3 months ago, and i too was looking for discounts during the booking process and did a detailed study of this topic, i approached many of these agents during those times and understood how they work, the fact is that, they get 2% of the sale value..many brokers bluff saying they get only 1%, as they don’t want to share the profits with you. Some even say they don’t get anything, some say they we are not brokers or agents and they are real estate advisers and helping you make the right choice…some say they are direct agents of Prestige ..some say going through them will help you during payment process…all those stuff…are just bull shit..and just sales tactics.
You can bluntly ask the broker/negotiator to give you right away 1% of the sale value from his commission else ask him get lost, as my broker got 2% out of which he gave me my 1%. if broker/agent is not giving you it is same you go direct to prestige, as in both case you are not benefiting a penny.
Both are business minded and, the day the sale is over they wash off their hands. So get all the things right before you strike the deal. Also from my exp. Prestige don’t bargain on rates.
All the best.
Thanks, good to know!
Awesome. I would rather book in Prestige than SJR Primecorp Regent Park. Thanks Harsha.
The rate is perhaps 4250.. expected to launch in Mid July.
thats perfect to be associated with Prestige at this price in pre launch, may i should buy 2 bhk
I feel 2, 3 and 4 bhk will have good demand and should get sold off very fast since they do not have 2 bhk and 4 bhk in any of their proerpties
Hos much is the all incl price of the property.