Project Overview: This is one of the high mid-segment projects from Nitesh, comprising of 2 and 3 BHK units. Spread in an area of 22 acres, the project involves a range of amenities such as : Swimming Pool, Gymnasium, Sports Facility, Club House, Power Back Up, Garden, Community Hall, Garden, Cafeteria, Power Backup, 24X7 Security. The project is presently in the soft lauch state with a per sqft expected price of INR 4500 per sqft.
Price Comparison
The project is one of the mid-priced projects in comparison to numerous other popular projects in the Bangalore city.
Location Analysis
The project is located in Hennur, North Bangalore, one of the upcoming locations in the Silicon Valley of India. Mentioned below is the distance of the project with some of the other key locations in Bangalore.
Infrastructure Projects in North Bangalore
North Bangalore at the moment is also intercepting a range of upcoming high value infrastructure development projects, work on which has started. Mentioned below is the range of proposed projects in the region
-High Speed Rail Link: The proposed rail link will connect MG road in Bangalore central to Bangalore International Airport (BIA), thereby smoothening connectivity between central Bangalore and the airport. The rail link will be 33 KM long and cost nearly INR 5,800 crores.
-Information Technology Investment Region (ITIR): Located 15km further off the BIA, the ITIR will be located on 10,500 acres and will employ 250,000 direct and near around a million indirect jobs in Bangalore. The 1st phase of the ambitious project which will involve a total of INR 100,000 crores is expected to be completed by 2020.
-Peripheral Ring Road: The 116 km road, that will circumnavigate the city, is expected to ease traffic on the Outer Ring Road (ORR) by half and will provide smooth connectivity between State highways and national highways. The 1st phase of the project will connect Hosur Road and Tumkur Road via Bellary Road.
-Bangalore Aerospace Park: The Karnataka Industrial Areas Development Board (KIAD) is working on the state of the art, Bangalore Aerospace Park (BAP). The project is being developed as a world- class aerospace hub, located adjacent to the Bengaluru International Airport (BIA). So far nearly 1000 acres of land has been acquired and work is in progress in full throttle. The project is expected to give 20,000 employments split equally into direct and indirect.
-Capacity Augmentation in Yelahanka Railway Station: Yelahanka railway station located in North Bangalore is undergoing remodeling exercise. The project once completed will result into capacity augmentation and introduction of new trains.
Appreciation Analysis
Based on the analysis conducted above, the Kin Housing Research Team estimates that in the next 3-5 years, the property price of the given project will appreciate by 18-23%. Likewise the rentals will intercept a 4-7% annual increase.
Reasons to invest in the project
– High appreciation expected in the coming time on the backdrop of rise in commercial parks coupled with development of physical and social infrastructure. In fact North Bangalore at the moment is fastest growing residential market in the city.
– Trusted builder brand name
– Range of amenities, specifically designed to match taste of the elite and higher middle income class.
– In close proximity to the vast existing and emerging IT and other commercial space of North Bangalore and hence will be preferred by individuals working over there.
– Close to BIA and hence will be focal point of future commercial, tourism and infrastructure development of Bangalore
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Check project details at http://kinhousing.com/property_detail.php/Nitesh_Hunter_Valley
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