Prestige Raintree Park is an expansive residential township project located opposite Varthur Lake, Whitefield Main Road, East Bangalore. This new launch project in Whitefield offers premium 3, 3.5, 4, and 5-bedroom apartments for rent on 107 acres of land with various amenities, malls, and an IT hub.
The Rent of Apartments at Prestige Raintree Park starts from 50K and goes up to 80K, including maintenance charges. The rent for 3-bedroom apartments starts at 50K, 3.5-bedroom starts from 58K, 4-bedroom starts from 64K, and 5-bedroom starts from 76K, including maintenance charges.
The Rentals in East Bangalore are very high; Varthur Road is ranked as one of the most expensive places in Bangalore for Rent because of the IT Hub. IT employees are looking for rent in Whitefield, resulting in a high number of apartments for rent. Varthur Main Road is also considered one of the best residential areas in Whitefield.
A mixed-used township, Prestige Raintree Park is one of the Prestige Group's largest apartment projects. Prestige Whitefield Prelaunch Raintree Park will be available for rent only after the completion of the project, i.e., December 2028 onwards. The rent varies based on apartment size, Unit type, and number of car parking.
The maintenance charge is a separate charge to maintain the community, which is Rs.5 per sq. ft. The size of the apartments ranges from 2005 and 3700 sq. ft. with which the rent also varies based on the size.
Unit Type | Size | Rent | Maintenance Charge | Total Rent |
3 BHK - 1 | 2020 | 40000 | 10100 | 50100 |
3 BHK - 1 | 2588 | 45000 | 12940 | 57940 |
4 BHK | 2956 | 50000 | 14780 | 64780 |
5 BHK | 3700 | 58000 | 18500 | 76500 |
Rent refers to homes bought by an investor and occupied by tenants on a lease or rental agreement.
The most sought-after property for rent on Varthur Main Road is 2 BHK apartments, with rents ranging from 25 K to 35 K. For 3 BHK apartments, rents are between 50 K and 60 K. The 4 BHK flats are available for rent in the range of 60 K to 70 K. The 1 bhk house for rent in Varthur will start from 15 K to 20 K. People prefer living in multi-story apartments here, which is why there is high demand. Independent Houses are available for rent on Varthur Road near Varthur police station and Gunjur, which is available in OLX, with a rent price of 18 to 40 K, depending on the owner of the house.
People always prefer to live in gated community apartments for rent in Whitefield, Bangalore, for safety and a luxury lifestyle. Hence, Apartments in Whitefield have been popular since 2002. People started investing in many top builders' projects in Whitefield and surrounding areas just for rental income. Most investors buy only 1 and 2 BHK and make them fully furnished flats for rental purposes as there is a high demand for these apartments in Whitefield.
Most buyers want a second home for investment, so they think about rental income. Depending on the developer, the average rent in Whitefield, Bangalore, ranges from Rs 40 K to 1 L. 3 and 4 BHK apartments are especially in demand here. The rent of a 1 BHK house in Whitefield starts from 15 K, and a 2 bhk house for rent starts from 25 K onwards. Independent houses are available for rent in Whitefield, whose rent starts from 20K to 40K without maintenance.
There are 2 types of rental options in the project: a lease, which is a long- term option, and a rental option, which is a short-term option.
The rental option refers to homes bought by investors and occupied by tenants for a short period of time.
A lease outlines all terms under which a tenant agrees to use a property for a long period. Prestige Raintree Park rent has apartments and villas of different sizes to rent at reasonable prices and is a good option for renting as it offers all the features for a contemporary lifestyle.
All the 3, 4, and 5 BHK flats here are over 12 high towers, and the project has lifts to carry people from one floor to another. The model apartments will be displayed at the project site after the launch. A 360- degree view of these units is on the gallery page; buyers can look at them before booking them. Prestige Raintree Park Rent is an ideal choice for those with a limited budget and for first-time investors.
The Main advantage of Prestige Raintree Park is its strategic location of the project close to Kadugodi (formerly known as Whitefield) metro station. It is just 37 km away from Kempegowda International Airport via SH 104, which takes 1 hour and 31 minutes. The project offers excellent connectivity to major areas of Bangalore city via road, metro, and other public transport. Below are the key distances from Raintree Park to different parts of the city.
Rent Price: Rs 50,000 - 80,000
TYPE | APARTMENT |
PROJECT STAGE | ongoing |
LOCATION | WHITEFIELD, BANGALORE |
BUILDER | PRESTIGE GROUP |
FLOOR PLANS | 3, 4, & 5 BHK |
TOTAL LAND AREA | 107 ACRES |
Starting Price | Rs. 2.94 Crores* Onwards |
RERA ID | PR/270824/00698 |
LAUNCH DATE | August 2024 |
POSSESSION DATE | December 2028 |
PRICE | 2.94 CR – 5.2 CRORE |
NO. OF TOWERS | 18 |
NO. OF PHASES | 3 (PHASE 1 – 28 ACRES, PHASE 2 & 3 – 27 ACRES EACH) |
FLOORS | 19 |
UNITS | 1520 |
Call | Enquiry |