Prestige Royale Gardens is located off Doddaballapur Road in Yelahanka opposite to BMS Institute of Technology. The project is spread across an area of 22.5acres and consisting of 1696 units. The project is centrally located between MG Road and Bangalore International Airport. The location is also close to the BIAL IT investment region. The project is expected to be ready by the middle of 2017. The construction is done by NCCCL (New Consolidated Construction Company Ltd.) and in financial year 2012, the company had completed 57 projects across India. Some of their major projects are Indore Festival Mall, Arena town Center in Hyderabad, Nirlon Knowledge Park in Mumbai, etc. They are also presently constructing many residential apartments such as Nitesh Caesar's Palace, Sterling Villa Grande, Patel Smondoville, etc.
- Approvals status: Approvals received
- Demand analysis: There is a general trend towards investing in projects in North Bangalore. Some markets have limited end-user demand due to the distance from the city and the limited social infrastructure. For this project the demand is affected by presence of several projects from Ramky, NCC and others which have shorter possession dates and lower price
- Layout analysis: The layout is organized well and provides sufficient space for amenities and facilities for residents use
- Amenities: The project features all basic amenities offered by mid-segment projects. In addition the project has high-end amenities such as party hall, tennis court, squash court, health club and provision for a supermarket.
- Best towers and best units: The towers that are not close to the main road and railway track can be chosen
- Any drawbacks?: The project is close to the railway line nearby which can cause some disturbance to residents. Moreover, the project is on the Doddabalapur Road, which could bring in some traffic sounds at night since it’s a major state highway.
- Payment schedule: This varies based on the unit booked
- Booking Amount: Rs.2 lakh (for 1 BHK), Rs.3 lakh (for 2 BHK), Rs.4 lakh (for 2.5 BHK) & Rs.5 lakh (For 3 BHK)
- Within 30 days: Balance of 20% of sale value
- Every 2 months: Balance of 80% in 21 installments till possession
- Additional Charges: Apart from the above legal charges, utility charges, maintenance charges and corpus funds would be charged separately.
- Public feedback about the project: There is a lot of interest to invest in Prestige Royale Gardens, however most people were concerned about the location and its future prospects. Some investors were concerned whether this project would fetch good rental income.
- Special attractions of this project (USP): The project is a mid-segment apartment project providing good quality amenities and comforts in a location, which is far from the hustle and bustle of the city. At the same time the location is also proximate to school, colleges, hospitals and other social infrastructure.