Project Overview: It is one of the most expensive projects in the Bangalore located near 80 feet road, Koramangala. The overall project is yet to be announced, however it is expected to have 2 or 3 buildings consisting of a total of 256 units comprising of 2, 3 and 4 BHK apartments. The ambitious Bangalore based real estate project is expected to be completed by mid of 2019 and involves a launching price of INR 10,400 per sqft.
The world class project will involve a range of top class amenities, which will add on to the high cost of the project, besides the location, as Koramangala is touted as the most expensive location in Bangalore.
Location Analysis: The project is developed at Koramangala, which is also touted as the epicenter of commercial and cultural life of Bangalore, the Silicon Valley of India. The location boasts a massive retail and commercial landscape. It has offices of some of the major IT companies such as Infosys, Wipro, Microland, Zenith, Texas Instrument, Robert Bosch, Mindtree, Lucent and Toshiba etc. Likewise it also comprises of some of the leading higher education institutions such as St John’s Medical College, Jyoti Nivas College and Amity Global Business School etc. Koramangala is closely situated with some of the major residential locations in Bangalore such as Old Madras Road, Varthur and Indira Nagar etc.
Prestige Pinewood: Location Map
Old Madras Road: It is one of the most sought after residential locations in Bangalore. Key advantage of the location involves superb logistics in the form of development of the metro line, closeness to the KR Puram railway station and easy connectivity to the International Airport through Cargo Road
Varthur: It is primarily used by professional working in the IT sector and other MNCs of the Whitefield and Sarjapur-Outer Ring Road area.
Indira Nagar: It is considered as one of the top notch residential, commercial and retail location of Bangalore, witnessing one of the highest property appreciations in the recent time. With the arrival of metro, which has been serving Indira Nagar since 2011 coupled with emergence of new IT companies, the value of Indira Nagar is expected to continue appreciating in the near future as well.
MG Road: It is one of the busiest roads in Bangalore and is touted as the retail epicenter of the city. It boasts a range of top quality restaurants, retail outlets and other food outlets. Not to mention offices and theatres etc.
Nearby Infrastructure Development
-Metro Line: With metro already serving the Indira Nagar area, the location falls under the purview of the ongoing metro project. This is expected to be great boost to the overall attractiveness of the project.
-Airport Road: New road is laid down to connect the Satya Sai baba Ashram with the Bangalore International Airport.
-Chennai Bangalore Corridor: The project is supposed to accommodate large volume of industries thereby giving a boost to the nearby residential locations such as the given project.
Expected Appreciation: Koramangala, at the moment is among the most expensive locations in Bangalore. Thanks to a robust commercial landscape integrated with retail, cultural and educational space. According to the estimates made by the Kin Housing Research advisory team, it is expected that the prices will appreciate by 8-10% in the coming 3-5 years. This is however slightly less in comparison to other upcoming locations such as Old Madras Road and Varthur etc., where the appreciation is around 15%.
Conclusion
Reasons to invest in the project
-Moderately high appreciation expected in the coming time on the backdrop of rise in IT companies, retail and residential activities.
– State of the art residences situated in one of the most expensive location of Bangalore, tailor made to suit the taste of rich and elite.
– Trusted brand name of Prestige.
– Plenty of open spaces and range of amenities.
– A robust social infrastructure in nearby places there by adding to the quality of life quotient.
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