Just watched this video about Prestige Group inaugurating six projects in Bengaluru back in June 2017. Prestige Ferns Residency was one of those. It's interesting seeing that scale of launch years ago. I'm wondering if anyone here bought into Ferns Residency around that time? What's your experience been like, especially with appreciation or amenities today? Did the market absorb so many new projects well?
Prestige Ferns Residency is a large-scale residential development by Prestige Group spread across 25.0 acres in Harlur, Bengaluru. It comprises 22 towers housing 1,483 units with 2 BHK from ₹1.9 Cr, 2.5 BHK from ₹2.09 Cr, 3 BHK from ₹2.83 Cr, 3.5 BHK from ₹3.59 Cr, 4 BHK from ₹4.16 Cr and comprehensive amenities including Amphitheater, Tennis Court, Fire Alarm, Gazebo, Swimming Pool, and more.
Prestige Ferns Residency by Prestige Group offers 2 BHK from ₹1.9 Cr, 2.5 BHK from ₹2.09 Cr, 3 BHK from ₹2.83 Cr, 3.5 BHK from ₹3.59 Cr, 4 BHK from ₹4.16 Cr. The price range is ₹1.9 Cr – ₹4.2 Cr and the average rate is ₹17.6K/sq.ft. Contact a verified broker on Propmyna for current availability and payment plans.
Prestige Ferns Residency by Prestige Group is RERA registered (number: RERA registered), ensuring it meets all regulatory requirements. RERA registration protects buyers' interests by mandating timely delivery and penalising delays.
Prestige Ferns Residency by Prestige Group is currently Ready to Move. The project follows a RERA-compliant construction schedule with all milestones publicly disclosed under registration number RERA registered.
Yes, site visits to Prestige Ferns Residency by Prestige Group in Harlur, Bengaluru can be scheduled through Propmyna. The project has 1,483 units across 22 towers on 25.0 acres offering 2 BHK from ₹1.9 Cr, 2.5 BHK from ₹2.09 Cr, 3 BHK from ₹2.83 Cr, 3.5 BHK from ₹3.59 Cr, 4 BHK from ₹4.16 Cr from ₹1.9 Cr.
Comments
That's a good point U11. Sometimes smaller, boutique projects in a good location appreciate faster. The current Bengaluru market is also very different now, interest rates are higher, and buyers are more cautious. For such a large project, getting good appreciation often takes longer.
I was looking at a resale flat in Akshayanagar recently, much smaller project, but the appreciation there has been much better. Maybe because Ferns Residency was so large, the supply just outstripped demand in its immediate vicinity for a while?
My cousin lives there! He says the community is well-managed. Kids have lots of space to play. But yeah, the initial price was high, and the resale market isn't booming as much as other areas like Aavalahalli. Still, Prestige delivers quality, no doubt about that.
To answer U8, my friend who lives there told me the maintenance is around ₹5-6 per sqft, which adds up quickly for a large apartment. Plus the property tax, it's a significant recurring cost that often gets overlooked when calculating total ownership expense.
I agree with U7 on quality. Prestige has a reputation. But the sheer size of 1483 units could also mean a lot of competition if you ever want to sell. That's a factor I'm always worried about as a first-time buyer. Liquidity matters.
Quality is one thing, but budget is another. For a first-time buyer, ₹1.9 Cr is the entry point, and that's a huge commitment. Are there any hidden charges or society fees that made it even more expensive for your cousin?
I visited Ferns Residency last year, just out of curiosity. It's a massive project, almost like a small town. The amenities are pretty good, I'll give them that. But the apartments feel a bit dated now compared to newer launches. And the location near Sarjapur Road can be a nightmare for traffic. Did anyone check the exact price per sqft they were quoting back then vs. now?
Traffic is definitely a concern. My office is in Adigara Kallahalli and the commute from that side would be brutal. Amenities are great for sure, but what's the point if you spend half your day stuck on the road? I'd rather look at something smaller but closer to work.
I have a friend who bought a 3BHK there in 2018 for around 1.8 Cr. He was telling me just last month that the current market value isn't much higher, maybe 2.1-2.2 Cr. Not the kind of appreciation you'd hope for over 6 years. He's also complaining about the property tax hikes in Bengaluru and the maintenance charges being steep. So, not exactly a golden egg, it seems.
Yaar, I saw that video too about Prestige Ferns Residency launching in 2017. It's completed now, and the price range of ₹1.9 Cr to ₹4.2 Cr sounds so high for a first-time buyer like me. I'm really nervous about investing such a huge amount. Has anyone here actually bought a unit there around 2017? What's your experience been with the appreciation? Is it worth it now, especially with 1483 units? That's a lot of inventory to absorb.
Sahi keh rahe ho U1. Price point makes me nervous too. I've heard Prestige has a decent track record though, they're from 1986 and based in Bengaluru itself. But still, what if the appreciation isn't great?
Honestly, 2017 was a different market. Prestige is a big name, for sure, but that price range you mentioned, ₹1.9 Cr to ₹4.2 Cr, is just crazy for a first home. Plus, with so many units, sometimes maintenance becomes an issue. Did you check the current resale values there?