In the recent past, there has been a surge in the concept of mixed use properties in the Bangalore city. Busy and bustling life of the city and creation of a new high earning middle class in the city has generated demand for mixed use properties, wherein residential units, office space, retail, hospitality and a range of amenities and facilities including schools, hospitals, club houses, and multiplexes are situated in one single locality. Though there is ample demand for such mixed properties in other Indian cities as well such as Mumbai; nevertheless, it’s the availability of large parcel of free land in Bangalore, which makes it more popular in the Silicon Valley of India.
Purva City of Gold
One of the mixed use property which we are going to discuss in the blog is Purva City of Gold. Named Gold after Global Offices and Lifestyle Destination (GOLD) the property which is yet to be launched is making great uproar in the realty landscape of Bangalore city.
Overview
The project has been launched recently and involves 2 and 3 BHK apartment units along with row houses and villas. Priced roughly at INR 4,750 per sqft, the units are available from 2640-5540 sqft. (Villas are priced between INR 5850 and 6390 per sqft.).The overall project is spread out in a sprawling area of 75 acres involving a range of entertainment, retail and medical facilities, such as shopping mall, club house, open cinema and medical units. Not to mention intra-city shuttle, high street cafes, schools and culture clubs thereby ensuring its residents a blend of convenience and comfort.
Moderate Priced
Though one of the ambitious projects from the house of Purvankara’s, it is also one of the moderately priced projects if compared with numerous other projects in the Bangalore city and that is also one of the reasons, which is driving sales.
Suitable Long Term Investment
The City of Gold project offers tremendous long term investment opportunities due to its location, convenient position from numerous IT parks and offices in South Bangalore and upcoming infrastructure development in the nearby location.
The project is being developed in Kanakapura road, which is one of the rapidly upcoming residential locations, situated in the South Bangalore location. It is conveniently connected to Bannerghatta road, Mysore Road, NICE and Electronic City, thereby giving easy access for individuals working in the IT parks and other offices located over these key commercial locations. Kanakapura road leads to other major roads such as NICE road and Bannerghatta road, which offers traffic free connectivity to Mysore.
The project is also conveniently located with a slew of colleges such as KSIT College, Yellama Dasappa Institute and KSIT engineering college and schools such as DPS, Jain Intrenational, Jyothi Kendriya Vidyalaya, Aplpine Publis school and Kuaran Public School etc. Not to mention large scale retail projects such as Metro Cash and Carry and Gardens Galleria Mall. The presence of Banashankari temple and the Art of Living Ashram further adds to the spiritual quotient of the Kanakapura Road and puts it into the international map as well.
Once a forest, Kanakapura road is also known for its natural beauties and indulgences. It has a range of lakes such as Thalaghattapura, Kaggalipura and Harohalli. Likewise it is also known for being a jogger’s paradise.
Conclusion
The project is one of the optimum investment opportunities at the moment, which is further evident from the kind of response it is getting in the market, even in being in the soft launch state (The project is tentatively being launched on 5th March). The strength of the project lies in its integrated approach which offers a range of facilities at one place, superb location and a range of upcoming infrastructure projects, which will add to the project value in the future. Not to mention the trusted brand name of Puravankara or Purva, which has been successfully delivering residential, retail, commercial and other projects in Southern India since 1975.
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