Project Review – Prestige Fairfield

Project Review

Prestige Fair Field

The Prestige Fairfield project is a luxury residential development in Dollars Colony, one of the top residential areas in North Bengaluru. The high end luxury apartments or flats for sale are available from 1984 to 3286 sq ft in the 3, 3.5 and 4 BHK plan layouts. The project promises an urban living experience with natural surrounding and dense meadows, with sophisticated modern day amenities. The Prestige Group has become a popular name in the field of real estate which has enjoyed success in almost all fields like residential, commercial, retail, leisure and hospitality sectors. The entire venture is expected to be completed in 2019 as communicated by the company.

Project overview

The project is spread over 3 acres and is going to house 165 units. The luxurious apartments are available in 3 bedroom, 3 bedroom plus study and 4 bedroom layouts in sizes ranging from 1984 – 3286 sq. ft. The building will have two towers which will have two basements and 2 stilt levels and 29 floors across which the apartments and amenities will be spread out. The rate which the investment is set to sell is Rs 8500 at the pre-launch stage and is moving upto Rs 9000 progressively. The project will be provided with bore water and rainwater harvesting facilities. Maintenance and security staff will manage the cleanliness and safety of the residential project. The amenities promised for the project include club house, swimming pool, gym, park, library and community hall.

Location Analysis

Dollars Colony has colleges and Columbia Asia Hospital and Ramaiah Hospital nearby. It is close to airport, bus stand, offices. It has lots of trees. This residential apartments for buy is close to new BEL road and also just few km away from the Outer ring road which runs towards Yeswanthpur in the west, and Manyata Tech Park and also continues towards the east part of the city. Outer ring roads and National Highways which runs close to this location help the residents to reach major junctions of the city. The metro line has now also been extended to Dollars Colony and this would make it easier for transportation.

In terms of distances

M G Road – 9 km
New BEL Road & ORR - < 1 Km
Hebbal, main junction – 1 km
Airport – 30 km

Expected Appreciation

Dollars colony has been a high growth rate area for real estate in Bengaluru. In 2010 the residential apartments were retailing at approximately Rs 6400 sft and by the beginning of this year the rate has moved to Rs 9000/sft. In five years this area has seen a spike of 40% in high end luxury properties. On an average the growth rate has been about 7% p.a. across the board for apartments in the area. The additional announcement of metro rail being extended to Dollar’s colony will further improve appreciation in this area.

Reasons to invest

These are the primary reason as to why this project is a good investment
1. Prestige is a reputed and award winning builder and has great brand value in the market
2. The social infrastructure of the location makes it ideal for families and also for investors as the growth and appreciation of property value will be much higher in these high-end areas.
3. The number of projects in the luxury range in this area is very few thus the project is ideal for growing your investment in 5 years.
4. The sizes of the apartments are spacious and very few projects offer this and it can become a unique proposition is one chooses to sell the apartment at a later stage

You can get more details at http://www.prestige-fairfield.in/

Pin Click Property Advisors is one of the fastest emerging property investment advisory in India with a strong presence in Bangalore and Pune. In case you are looking to invest in the Indian Property market or buy a home for your own residential needs, feel free to connect with us for free investment advisory.

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