Project Watch: Prestige North Point, Bangalore

The Prestige Group has launched a high-rise residential project in Bangalore, namely Prestige North Point, in the neighborhood of Kammanahalli in North Bangalore. Prestige North Point is a single tower apartment complex in which there are 184 flats. The structure is emerging as an important landmark in the area.

The product

Spread over 1.44 acres, Prestige North Point offers 184 units of 2BHK and 3BHK apartments. The super built up area of 2BHK ranges between 1,252 sq.ft. and 1,437 sq.ft. and that of 3BHK ranges between 1,758 sq.ft. and 1,971 sq.ft. The ground and the first floors are designed exclusively for retail units, and above it are 23 floors of premium apartments.

The project also offers:

• Well-equipped gymnasium

• Swimming pool

• Club house

• Indoor sports

The builder

The Prestige Group has a good record of launching and delivering several successful projects. The builder is one of the leading developers of upcoming properties in Bangalore. The company is headed by Irfan Razack, who is chairman and managing director. It is an ISO 9001:2000 certified company and the only real estate developer in Bangalore to be honored with FIABCI Award for its software and residential facilities. The construction portfolio of the company includes development of retail, residential, commercial, leisure and hospitality properties, and covers cities such as Cochin, Bangalore, Chennai, Goa, Mangalore and Hyderabad.

How to reach

Prestige North Point is located in Banaswadi, north-east Bangalore, and the area has good connectivity to all major landmarks in and around Bangalore city. It is only six kilometers away from the city center.

Locational advantages

• The MG Road is about 7.2 kilometers away and the Outer Ring Road is about 8 kilometers from the site.

• The railway station is at a distance of about 6.3 kilometers.

• The Manyata Tech Park is only 4 kilometer away.

Infrastructure and future growth prospects

The entry of many IT companies and other MNCs in the northern part of Bangalore has led to increased demand for residential property in this region. North Bangalore is considered as the New Bangalore with a number of SEZ projects and tech parks which are under construction or are in the proposal stage.

Famous educational institutions in the area are Evershine High School, St Charles High School, St Anne's High School, Vivekananda College and CMR National PU College.

Price comparison

Apartments in Prestige North Point, Bangalore are available at an attractive pre-launch price of Rs. 6,501 per sq.ft. The booking amount is Rs. 5,00,000 for 2BHK and Rs. 7,50,000 for 3BHK. According to the latest updates, the average property price in Banaswadi is Rs. 7,583 per sq.ft.

The price of Prestige North Point is at the lower end of the locality price spectrum compared to the average property price in Banaswadi. We suggest you to take a quick decision to invest in this new apartment complex in Bangalore, as the prices are expected to increase in the near future due to its locational advantage.

PropTiger.com's ratings

Overall recommendations

Prestige North Point is a good option for both investors and end-users who are expecting good appreciation of property prices in Bangalore and want to make good returns on investment.

For more information about the builder and the project, visit PropTiger.com