Meridian Park at The Prestige City
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20 insights shared by the community.
What residents appreciate the most
The project offers the advantage of earlier possession compared to some alternatives, making it quicker for buyers to move in or begin generating rental income. Many investor units are available and are either ready for possession or nearing completion, with minor finishing work expected by March 2026.
Investor units are available and are ready for possession or resale, making them ideal for immediate occupancy.
The project offers earlier possession, which is a significant advantage for those looking to move in or start generating rental income sooner.
Some units are reported to be ready with only minor finishing work remaining, expected to be completed by March 2026.
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The Sarjapur belt has demonstrated an excellent appreciation trend, and with future infrastructure developments like the Forum mall and potential metro connectivity, prices are anticipated to continue rising in the coming years, offering good long-term investment prospects.
Prices will only be stagnant or come down in national emergencies; otherwise, they are expected to rise in coming years.
The Sarjapur belt shows an excellent appreciation trend, making it a good investment.
There is potential for appreciation due to ongoing infrastructure development in the Sarjapur-Hosur belt.
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The extensive Prestige City ecosystem is expected to foster good resale value and high rental demand for properties within Meridian Park, making it an attractive option for both end-users and investors seeking rental income.
The larger Prestige City ecosystem may support good resale and rental demand.
There is high rental demand reported within Prestige City, with some properties already being rented out by owners.
A 3BHK flat in the area is listed for a rent of 60,000, indicating good rental income potential.
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Being part of the larger Prestige City ecosystem, the project offers a wide range of planned and operational amenities, including a mall, school, clubhouse, and green zones, contributing to an integrated township lifestyle.
The larger Prestige City ecosystem may support good resale and rental demand, offering a wide range of amenities.
The township advantage includes a mall, school, metro access, clubhouse, and green zones, enhancing the living experience.
The township ecosystem is described as having all amenities operational or ready, which is a significant plus.
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The project offers high-floor units that provide enhanced benefits such as better ventilation, increased privacy, and excellent city views. These units are also described as exquisitely designed with spacious layouts.
The apartments feature exquisitely designed 3 BHK homes with spacious layouts.
Higher floors are available, offering better views and ventilation.
High-rise blocks provide excellent light and city views, along with better ventilation and privacy.
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Prestige is recognized as a reputable developer, and its brand appeal contributes to the project's desirability, with some considering Prestige City among the top societies in Bangalore.
Prestige City is considered among the top societies in Bangalore.
People madly run after the Prestige brand here, making it a strong bet.
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Meridian Park offers well-designed and spacious three-bedroom family dwellings, with layouts ranging from approximately 1,387 to 1,865 sq.ft., catering to comfortable living for families.
The project offers spacious layouts for 3 BHK homes, ranging from 1,387 to 1,865 sq.ft.
Meridian Park presents well-designed spacious three-bed family dwellings.
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Resale units are available in Meridian Park, with some buyers securing properties at competitive prices, potentially lower than current market highs. This offers opportunities for those seeking value in the secondary market.
Resale options are available, with a 3BHK unit recently purchased at 1.85 Cr, suggesting good deals can be found.
The resale team is pitching prices around 11,000/- sq ft, with market prices slightly higher, indicating competitive rates.
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Registrations for apartments within Prestige City have officially started, indicating progress in the handover process for some units.
Registrations have started for properties in Prestige City.
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Meridian Park is situated in an established Sarjapur Road corridor, providing residents with access to strong existing social infrastructure and proximity to IT parks, which is beneficial for liveability and convenience.
The project benefits from its location in an established Sarjapur Road corridor, providing access to strong social infrastructure and IT parks.
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Where residents want improvements
There are widespread allegations that Prestige employees are involved in facilitating resale transactions where properties are registered at a significantly lower value than the actual sale price. The substantial difference is often paid directly to the original owner in cash, leading to concerns about tax evasion (stamp duty, capital gains) and significant legal and financial risks for buyers, including potential inquiries from tax authorities. Many prospective buyers have expressed disappointment and opted out of such deals, preferring transparent 'white money' transactions.
This seems like a case of non-registered owners and investors helping the builder show properties as 'sold out' while avoiding taxes.
This is a malpractice by the builder, and it's surprising for a 'tier 1' company to be involved in such black money transactions.
Prestige employees are reportedly facilitating resale deals where the flat is sold for 2 Cr but registered at 1.2 Cr, with the 80L difference paid directly to the owner.
Buyers are strongly advised against such transactions due to tax liability, legal ambiguities, and risks of investigation by the Enforcement Directorate or Income Tax Department.
The builder is accused of encouraging soft bookings and misrepresenting properties as 'sold out' to facilitate these deals.
Many buyers have backed out of these deals, insisting on 'all white' transactions, as they are risk-averse and do not want to support corruption.
The builder reportedly does not want to register at the actual sale price due to their own tax burden on the profit, pushing the buyer to settle the difference outside.
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Meridian Park is frequently criticized for its high density, with thousands of apartments packed into a relatively small area. This leads to perceptions of it being an 'overcrowded modern slum' or 'concrete jungle,' raising concerns about limited open spaces, logistical challenges for services like garbage collection and deliveries, and a poor unit-to-amenity ratio.
The density of people is too high for the available facilities.
It feels like a concrete jungle with high towers and small units.
The apartment density surpasses that of Mumbai slums, leading to concerns about congestion from garbage trucks and delivery vans.
Meridian Park is an overcrowded modern slum with almost 4,000 apartments in a small space.
Prestige City is a glorified slum due to the bad ratio of units to open space and amenities.
The project is a very high-density development, which raises doubts about amenity accessibility.
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The project is not recommended for short-term investment (2-3 years) due to already high prices and limited expected return on investment. Some units are perceived as overpriced, with the builder having likely factored in future appreciation, requiring substantial gains for buyers to break even after accounting for various costs.
Do not consider this project for investment, as the pace of price increase will not remain the same, and significant returns are unlikely in the short term.
Prices are already high, and significant ROI is not expected in the next 2 years.
The project is considered overpriced by some, with current rates being questioned.
The builder has likely already priced in future appreciation, meaning a 40% appreciation is needed just to break even after all costs.
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The Sarjapur Road corridor, where Meridian Park is located, is plagued by heavy traffic congestion that is expected to worsen. This results in significant bottlenecks, long jams, and poor commute experiences, making travel to and from the project challenging.
Connectivity is a distant dream in Sarjapur due to traffic.
Sarjapur Road traffic is already heavy and may worsen, creating bottlenecks.
Poor roads and long jams are a significant issue outside the project.
Driving by during peak hours makes one want to jump off a cliff due to traffic.
Traffic in Sarjapur Road has become bad to worse, constantly in the news for bottlenecks.
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Multiple phases of Meridian Park are confirmed to be delayed, with construction progressing at a 'snail's speed.' Buyers have expressed frustration as they continue to pay installments on time, while the project's progress is slow, leading to a lack of confidence in timely delivery and accusations of 'fake' commitments.
All phases of Eden & Meridian Park are in delay.
All phases are behind schedule, and construction is happening at a snail's speed, despite owners paying dues on time.
Under construction residential projects, including Meridian Park Phase I, are confirmed to be delayed, with buyers having paid 90% installments.
The project speed is very pathetic and does not give confidence of getting it on time.
Meridian Park Phase 3 is delayed.
The project seems to be severely delayed, but demand letters are on time, exposing non-construction linked payment issues.
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Metro connectivity to the Meridian Park area is a long-term prospect, not expected for at least a decade. Existing government plans for a metro on Sarjapur Road are slow, and even if implemented, reaching key areas like the Outer Ring Road could remain challenging, offering no immediate relief for traffic congestion.
There is a government plan for a metro on Sarjapur Road, but if it starts in the next few years, reaching the Outer Ring Road will be tough.
Sarjapur area should be avoided due to bad commute and delayed metro plans.
Metro is 10 years away, which is a significant drawback.
Meridian Park won't see a Metro line for the next decade.
Any metro extension approval is unlikely to happen in the next 3 years.
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Some units within Meridian Park are considered relatively small, especially for the price point. Descriptions like 'small units,' 'tiny matchboxes,' or 'ridiculously small apartments' suggest that the unit sizes may not meet the expectations of all buyers.
The unit size is slightly smaller compared to some other projects.
The apartment sizes are ridiculously small, more suited for affordable housing given the size.
The units are like tiny matchboxes, making it feel like a concrete jungle.
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Concerns have been raised regarding the adequacy of water supply for a project of Meridian Park's massive scale. With thousands of residents, there are fears of potential water issues, which could impact daily living.
There are questions circulating about water shortages and whether there's enough water for a project of this size.
It's unclear from where water will be provided to thousands of people in this overcrowded project.
There might be some water issues, especially for a society of this size and magnitude.
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Despite a comprehensive list of amenities, there are concerns that due to the project's high density, these facilities may not be fully accessible to all residents. Some believe that the extensive list of amenities might be merely 'marketing gimmicks' and may not be fully operational or available as promised.
The density of people is too high for the small set of facilities available.
These are very high-density projects, and a good and expansive list of amenities doesn't guarantee accessibility to all, often being just marketing gimmicks.
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A notable concern for residents is the distance to essential services, with the nearest good hospital being approximately 10 kilometers away. This could pose challenges, particularly in emergency situations.
The nearest good hospital is 10kms away, which hopefully should change.
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