Prestige Evergreen

About Prestige Evergreen

Prestige Evergreen is Phase 2 of the landmark Prestige Raintree Park township, spread across 24.7 acres on SH-35, Varthur Main Road — directly opposite Varthur Lake in East Bengaluru. The project comprises 2,000 apartments across 14 high-rise towers (3B + G + 19 floors), offering 1, 2, 3, 3.5, and 4 BHK configurations ranging from 659 sq.ft to 2,513 sq.ft. Launched in January 2026 with RERA approval in hand, the project sits inside a larger 125-acre mixed-use township that also includes the Prestige Tech Forest IT park and a planned retail mall. It is one of the fastest-selling new launches in Bangalore, with 920 of 2,000 apartments booked within three months of launch.

Key Highlights

• 24.7-acre residential phase inside a 125-acre integrated township with an IT park and retail mall on-site
• 14 towers, 2B + G + 19 floors — 2,000 apartments from 659 sq.ft to 2,513 sq.ft across five configuration types
• 70.2% open space in Phase 2; the overall Raintree Park township claims 80%+ green coverage
• Directly opposite Varthur Lake — multiple towers have unobstructed lake-view orientations from upper floors
• One of Bangalore's largest clubhouses at 1 lakh sq.ft+ — G+2 structure covering fitness, sports, and leisure
• RERA registered since 1 January 2026 (No. PRM/KA/RERA/1251/446/PR/010126/008374); BBMP building plan also approved
• 10:10:80 payment plan — 10% at booking, 10% at construction milestone, 80% on possession
• 1 BHK units completely sold out by April 2026 — indicating strong early-market demand

Location Advantages

Prestige Evergreen sits on SH-35 (Varthur Main Road), a 40-metre-wide state highway that connects directly to Whitefield, Marathahalli, Old Airport Road, and eventually the Outer Ring Road. The micro-market — Varthur-Whitefield — is Bangalore's most active IT residential corridor. Prestige Tech Forest (4.6 km, ~12 min), ITPL (7.9 km, ~25 min), and RMZ Ecoworld (10 km, ~49 min) are the key IT employment anchors. Kadugodi Tree Park Metro Station on the Purple Line is approximately 6.4 km away, with Hope Farm Junction also reachable in about 19 minutes.

That said, Varthur Road has a well-documented traffic problem during peak hours — the Varthur–Panathur–Bellandur stretch can see 30-60 minute delays in the morning. The ₹482 crore SH-35 widening project is underway and should ease congestion, but buyers should factor in current commute realities. Kempegowda International Airport is roughly 42 km away (60–75 minutes by car). Varthur Lake, while scenic from upper floors, has historically suffered from pollution — remediation work is ongoing but incomplete.

What's Nearby — Schools, Hospitals, Malls

Amenities

Prestige Evergreen is built around a 1 lakh sq.ft+ (G+2) clubhouse — one of the largest in Bangalore — complemented by 60+ sports, fitness, and leisure facilities spread across the township. Here's how they break down:

• Fitness & Sports: Fully equipped gymnasium, squash court, tennis court, badminton courts, basketball court, cricket pitch, football ground, outdoor jogging/cycling track, open-air fitness station
• Water: 3 swimming pools — an infinity pool, a lap pool, and a heated indoor pool; dedicated kids' pool; pool lounges
• Kids & Family: Dedicated children's play area, pet park, cricket pitch, amphitheatre, mini theatre/screening room
• Social & Leisure: Grand multipurpose hall, sky cafeteria, terrace garden, sun deck, party halls, billiards room, indoor games zone, spa and sauna
• Green & Wellness: Landscaped gardens, walking trails, green buffers between towers, central courtyard, rainwater harvesting, waste management systems
• Security: 24/7 CCTV surveillance across all common areas, gated entry with manned security, smart access control

Price & Configuration

Area note: Areas listed above are Super Built-Up Areas (SBU). Carpet areas as per RERA are lower — for reference, the total declared carpet area across the project is 1,91,288 sq.m. Carpet-to-SBU ratio is approximately 63–68% depending on configuration. Payment plan: 10:10:80 construction-linked plan. 10% at booking, 10% at a key construction milestone, 80% on possession. CLP (Construction Linked Plan) option also available. Bank home loans approved; Prestige Group carries CRISIL DA1+ and ICRA A+ ratings.

Construction Progress

RERA-approved start date: 1 January 2026. RERA-committed possession date: 30 June 2030. As of March–April 2026, site work is in active substructure development phase — full excavation of the 24.7-acre site is complete, and primary column grid reinforcement and casting at basement and lower-ground levels has begun. Retaining wall construction commenced on 19 March 2026. Model apartments are now open for visits. The project is tracking in line with its RERA-approved timeline. No OC/CC applicable at this stage — project is Under Construction.

Investment Analysis

• Price vs locality average: Prestige Evergreen is priced at ₹14,500–₹15,000 per sq.ft (SBU). The broader Varthur Road market averages ₹9,500–₹11,000 per sq.ft, while established Whitefield luxury projects start at ₹15,000 and go above ₹20,000. Evergreen commands a brand premium, which is defensible given township scale and developer reputation.
• Capital appreciation forecast: Whitefield property prices have appreciated 40–55% between 2018 and 2025. The SH-35 infrastructure upgrade, Namma Metro Phase 2 connectivity, and Peripheral Ring Road (PRR) project are expected to drive 8–10% annual appreciation in this corridor through 2030.
• Rental yield: Rental rates near ITPL run at ₹45–55/sq.ft per month. A 2 BHK (1,174 sq.ft) could yield ₹35,000–₹45,000/month at possession, translating to approximately 2.5–3% gross rental yield — typical for Whitefield new launches.
• Resale demand: Strong — 45% of units sold within 3 months of launch signals healthy secondary market confidence. The 1 BHK segment is already sold out.
• Competing projects in similar budget:
  • Sobha Neopolis (Panathur Road, ORR) — ₹15,500–₹17,000/sq.ft; 3 BHK focused
  • Godrej Woodland (Whitefield) — ₹12,000–₹13,500/sq.ft; more affordable entry point
  • Brigade Xanadu (Whitefield) — ₹13,000–₹14,000/sq.ft; established township
• Investor caution: Since pricing is already at a premium, short-term flipping potential is limited. This is a long-hold (4–6 year) asset. Buyers seeking quick 1–2 year resale gains may find better options elsewhere.

Pros and Cons

PROS:

• RERA-registered with Karnataka RERA since January 2026 — full legal compliance and buyer protection in place
• Township-scale living: 1 lakh sq.ft+ clubhouse, 60+ amenities, integrated tech park and retail mall within the same community
• Prestige Group's CRISIL DA1+ and ICRA A+ ratings indicate strong financial discipline and delivery track record
• Direct lake-frontage on Varthur Lake — upper floors in select towers offer genuine panoramic water views, a rare feature in East Bangalore
• Strong demand validation — 920 of 2,000 units booked within 3 months; 1 BHKs sold out entirely

CONS:

• Serious traffic concern: Varthur Road, Gunjur, and Panathur bottlenecks can add 30–60 minutes to peak-hour commutes; the road upgrade is underway but not complete
• Varthur Lake pollution: The lake is directly opposite the project but has historically suffered from severe industrial and sewage contamination. While clean-up is in progress, lake-view units should be evaluated on current ground reality, not marketing visuals alone
• Long possession horizon: June 2030 possession means buyers must manage a 4+ year wait with rental payments or EMIs running concurrently — a real financial burden
• Price premium vs market: At ₹14,500–₹15,000/sq.ft, Evergreen is 35–50% above the Varthur Road area average. The brand premium is real, but so is the asking price. Value buyers should compare with Godrej Woodland or Brigade Xanadu

Who Should Buy This

Ideal for: IT professionals working in Whitefield, ITPL, or ORR corridor who want a ready ecosystem around them at possession. Also well-suited for families upgrading from a 2BHK rental in Whitefield who want Prestige Group's delivery credibility. NRI buyers will appreciate the RERA protection, strong brand, and the 10:10:80 low-outflow payment plan. Long-term investors (5+ year horizon) targeting the Whitefield appreciation story.

Not ideal for: Buyers looking for immediate possession or ready-to-move homes (possession is June 2030). Also not the right fit for budget-conscious buyers — the ₹14,500+ per sq.ft pricing is above Varthur's mid-market, and the total cost with GST, registration, and PLC can stretch significantly beyond the advertised base price.

Site Visit Videos

FAQ — Frequently Asked Questions

Q: Is Prestige Evergreen RERA registered?

A: Yes. Prestige Evergreen (Phase 2 of Raintree Park) is registered with Karnataka RERA under number PRM/KA/RERA/1251/446/PR/010126/008374, approved on 1 January 2026. You can verify this on the official Karnataka RERA portal at rera.karnataka.gov.in.

Q: What is the possession date for Prestige Evergreen?

A: The RERA-registered possession date is 30 June 2030. Construction commenced on 1 January 2026 as per RERA records. As of April 2026, foundation and substructure work is actively underway.

Q: What is the price range of apartments in Prestige Evergreen?

A: Prices start from approximately ₹1.55 Cr for a 2 BHK (1 BHK is sold out) and go up to ₹4.25 Cr for a 4 BHK + Maid configuration. The base rate is ₹14,500–₹15,000 per sq.ft on Super Built-Up Area. Additional costs include GST (5%), registration, stamp duty, parking, and PLC charges.

Q: Is Prestige Group a reliable builder? Does it deliver on time?

A: Prestige Group is one of India's most credible developers — CRISIL DA1+ graded and ICRA A+ rated, with 300+ completed projects and a generally strong delivery track record. That said, all large township projects carry inherent risk of minor delays. Buyers should reference Phase 1 (Raintree Park) RERA timelines as a benchmark once construction advances.

Q: What is the nearest metro station to Prestige Evergreen?

A: Kadugodi Tree Park Metro Station (Purple Line) is approximately 6.4 km from the project, roughly 10–20 minutes by road. Hope Farm Junction Metro Station is about 6.5 km away (~19 minutes). The Purple Line connects to the rest of Bangalore via MG Road and Byappanahalli.

Q: Is Prestige Evergreen a good investment in 2026?

A: It is a solid long-term investment for a 5–6 year horizon, given the township scale, IT corridor demand, and upcoming infrastructure (PRR, SH-35 upgrade, metro expansion). Short-term flipping is not advisable — the premium pricing leaves limited margin for quick resale gains. Rental yield at possession is expected around 2.5–3% gross.

Q: What configurations are still available?

A: As of April 2026, 1 BHK units are completely sold out. 2 BHK, 3 BHK (multiple variants), 3.5 BHK (Study), and 4 BHK + Maid units are still available for booking. Availability changes daily — contact the developer's sales office or a RERA-registered agent for live inventory status.

Q: Is the Varthur Lake opposite the project clean and scenic?

A: Lake-facing units do offer genuine scenic views, particularly from upper floors. However, Varthur Lake has historically suffered from industrial effluents and sewage discharge. Government clean-up efforts are ongoing but the lake is not yet fully restored. Buyers should visit the site and assess current conditions before making a decision based on lake-view pricing premiums.

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