Project Overview
Krishna Goldfields is one of the medium budget apartment projects comprising of 2 and 3 BHK apartments. The project, which is presently in its soft launch state, will be developed in a plot of 6.62 acres located near Electronics City in South Bangalore region. Interestingly moderately priced at INR 3,100 per sqft, the project is equipped with a range of amenities such as: Swimming Pool, Gymnasium Indoor Games, Power Back Up, Garden, Children’s Play Area, Aerobics Hall, Party Hall, Pantry Garden, Steam and Sauna.
Price Comparison with Other Projects
As mentioned, it is one of the most moderately priced projects in the Bangalore region as mentioned above, even though there does not seem to be any compromise on the quality standards. The lower price of the project could be explained on the basis of the usage of better technology and robust global sourcing mechanism used by the developer Krishna.
Location Analysis
The project is located in Electronic City, and enjoys a close proximity to NICE road and elevated expressway on Hosur Road. Additionally major junctions such as Sarjapur / ORR and Silk boards etc. are easily accessible through the well-developed road network. Thanks to the close proximity of most of the major IT/ITes/Industrial work places like Infosys, Wipro, TCS, HCL, Bomassandra industrial area and Sipcot Industrial area, the location is touted for being situated inside a vibrant economic landscape. Its closeness to the major IT companies and other industrial areas make it a suitable accommodation option for professionals working in these areas.
Location Map
Coupled with the economic significance of the location, it is also at a center stage of vibrantly up- swinging social infrastructure. The project involves a slew popular schools, restaurants and hospitals. Not to mention banks, ATM and bus stations. Some of the prominent schools in the nearby vicinity are Delhi Public School (DPS), Ebenezer International School, Treamis World School and Indus International School. Metro is also expected to enter into electronic city in phase II, which will further add value to the location.
Captured below is the distance of the project from some of the major landmark in Bangalore.
Expected Appreciation
Large volume of IT and ITes companies are in close vicinity of the project, making it a suitable option for individuals working in these companies. A robust IT industry integrated with a rapidly evolving residential market has also resulted in a vibrant social and retail infrastructure in the form of plethora of schools, hospitals, colleges, restaurants and retail outlets, thereby adding further value to the location.
In the coming time on the backdrop of the economic significance of the location integrated with robust social infrastructure the present prices are expected to be rise with rate of 13-16%, according to the estimates made by the Kin Housing research team.
Reasons to invest in the project
-High appreciation expected in the coming time on the backdrop of rise in IT companies, retail and residential activities.
– Moderate cost
– In close proximity to the vast IT space of Bangalore and hence will be preferred by individuals working over there. It also has Powerful retail and social infrastructure along with upcoming infrastructure projects.
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