Ready to Move

Varthur Lake lies along one side of Prestige Lakeside Habitat, and that setting is the reason many buyers shortlist it. The project is in Gunjur village in Varthur Hobli, on the stretch that links Whitefield with Sarjapur Road. It is a township by any measure: 3,426 apartments and 271 villas, each villa with its own garden, built by Prestige Group.
Possession was due in November 2018 and the community is occupied, so IndiProp lists it as Ready to Move. Resale and remaining developer stock are what a buyer will be dealing with now.
Listed apartments run from 2 BHK to 4 BHK. The 2 BHK homes start at 1,118 sq ft for ₹1.34 crore, 3 BHK options sit between 2,044 and 2,321 sq ft at ₹2.04 crore to ₹2.32 crore, and the 4 BHK units of about 2,830 to 2,882 sq ft reach ₹2.88 crore. Every figure works out to almost exactly ₹12,000 per sq ft, which suggests these are saleable areas and a single base rate. Confirm the carpet area and today's price before comparing it with nearby projects.
A development of this size carries a full set of facilities: pool, gym, sauna, spa, library, indoor games, tennis, squash, badminton and basketball courts, and a jogging and cycling track, with a cricket pitch and skating rink also mentioned by the developer. The trade-off is scale, with thousands of households sharing roads in and out. Varthur Road traffic is heavy at peak hours, though the offices of Whitefield and the Outer Ring Road are both within reach. The Karnataka RERA number is PRM/KA/RERA/1251/446/PR/170915/000176.
Prestige GroupEstablished 1986All projects →Prestige Group is one of India's large listed real estate developers. Its flagship company is Prestige Estates Projects Ltd, which is based in Bengaluru and was founded in 1986 by Razack Sattar. It builds residential, office, retail, hospitality and leisure projects in several Indian cities. Most of its portfolio is in South India, and it also operates in Delhi-NCR. The company is listed on the NSE (PRESTIGE) and the BSE (533274). Its leadership includes Irfan Razack, Rezwan Razack and Noaman Razack.