Project Overview
The project is located on Bannerghatta Road in an area of 4.25 acres. The project involves over 300 units of apartments split into 2 and 3 BHK and a size of 1099 to 1511 sqft. The project is in its soft launch status and involves a range of amenities such as, Swimming Pool, Gymnasium, Jogging Track, Club House, Indoor Games, Children Play Area Power Back Up, Garden, Power Backup, 24X7 security etc.
The price of the project is INR 3,800 per sqft, which puts it competitively to other projects in the same location as mentioned in the table below.
Location Analysis
Located in South Bangalore, Bannerghatta road is touted as one of the prime real estate locations in Bangalore with property prices appreciating at 20% in the recent past.
The location is conveniently placed with the IT corridor of the South and South East Bangalore such as Electronic City. The location has a robust social infrastructure in the form of education institutions, medical centers and retail outlets. Some of the leading schools in the nearby location involve Ryan International, Shree Chaithnya, Sherwood, National Public School and Delhi Public School. Likewise nearby hospital encapsulates Apollo, Fortis, Jayadeva and Sagar etc. The projected is also located in close proximity with numerous malls such as Meenakshi, Gopalan and Big Bazaar etc. Not to mention that IIM Bangalore, one of the top notch B-school in India is also located nearby. Mentioned below is the distance of the location from some of the key landmarks.
Nearby Infrastructure Development
South Bangalore has a well-developed infrastructure. As mentioned above, it is home to some of the leading education institutions, retail outlets, malls and hospitals. The location is conveniently placed with numerous new SEZs in Electronic City, Varthur and Begur area. Likewise a large number of fortune 500 companies have offices located in the South Bangalore area. Nemma Metro is also set to enter the area in its second phase connecting Gottigere to Nagavara passing through the IIM Bangalore. The advent of metro is expected to cut down the road traffic drastically.
Comparison
If a region wise analysis is conducted East and North Bangalore are two of the most sought after region in the city. East Bangalore is home to some of the leading IT and commercial parks of the city and hence is high up on the agenda of professionals working over there. Likewise locations such as Hennur Road, Tumkur Road and Yellahanka in North Bangalore are also touted as a high growth region. The advantage of North Bangalore lies in its proximity to the airport, ease of access to the city through the Bellary Road and upcoming commercial project such as the Manyata Tech Park.
Notwithstanding the fact that South Bangalore is a step behind its north and eastern counterparts in contrast to growth prospect, the region has its own charm. While East and North are still upcoming; South Bangalore already boasts a well-developed social infrastructure and hence is preferred by individuals, who opt for trusted names of schools, retail outlets and hospitals.
Appreciation
Well-developed social infrastructure, easy connectivity to IT parks such as Electronic City coupled with upcoming metro project make Bannerghatta location in South Bangalore as one of the promising locations in the city. The area already has a thick concentration of residential projects, which will be further augmented with players such as Hiranandani and Mahindra coming into the picture. Hence keeping everything in perspective, at Kin Housing, we estimate an expected 10-15% appreciation for the project in the coming time.
4 Top Reasons to Invest in the Project
– High appreciation expected in the coming time on the backdrop of rise in commercial, infrastructure and social activities.
– Trusted builder brand name
– Range of amenities, yet moderately priced compared to other projects in the same area.
– In close proximity to the vast IT space of Bangalore and hence will be preferred by individuals working over there. The location also has Powerful retail and social infrastructure along with upcoming infrastructure projects.
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