Bengaluru is one among the top livable cities in India today. And this fact means that the real estate scene in Bengaluru is highly in demand. In this article, we are going to look at what the future of real estate in Bengaluru holds. Let us look back at a few years in the past, from around 2008. This was the period just after the recession. At this time, there was a significant growth of India’s GDP. To support this further, around 2010, the offering of home loans eased out quite a bit. There was a significant amount of lending. But that period also saw a lot of malpractices in the real estate sector. As a consequence, there was a decline of the GDP by 2013. Soon by 2017, the RERA act came into existence, to support investors and buyers. Timely delivery and transparency were the main objectives and achievements of RERA. This ensured a fine balance between all the elements. Today, there is demand, there is the right blend of lending and borrowing, and there is supply, all at harmony, and with the backing of the RERA and the regulations. This trend is only going to be further positive in the coming years, with the entire system being arranged harmoniously.
The workforce of Bangalore has increased over the last decade, thanks to the multitude of opportunities in the fields of IT, ITES, BPO, KPO, Biotechnology and even manufacturing. With the increased workforce, the demand for both rentals and purchase of homes has gone up. This has brought about a two-fold positive push for real estate. Those who look towards income from rentals are seeing more returns on their investments and would continue to receive better returns from their investments in the future. This is attributed to the increase in rentals over the last few years. This is expected to grow in the near future.
Another interesting fact is that the age group of the buyers has decreased by about 10 years. To explain, earlier the investors in real estate were of the 40-50 age group bracket. However today, the buyer age group ranges from 30-40 years. This indicates an increased buying power among the youth. Currently, with a surge in the income from salary, this trend is all set to go further up in the future, with increased purchasing power, easier loan dispenses and higher need for housing among the youth. It is interesting to note here, that the increase in demand has consequently led to rise of prices of land and housing. This has been a boon to the real estate sector, making it a trending investment channel. However, one must note that the present buyers are conscious of many factors when making a choice. The location preferences, the access to essential facilities and healthcare are gaining importance. The infrastructure and related real estate, like access to the city, roads, drainage, water etc. are becoming increasingly essential. Apartment living, luxury living, villas and villaments would see a massive surge in the coming years. Buyers are also looking for quality, sustainability, eco friendliness and luxury amenities when making a selection. The future of real estate in Bengaluru looks promising and inviting.
Prestige Park Grove project is a fantastic private complex situated amid a metropolitan area, which comprises the home with modern standards as a big piece of regular everyday life. You get choices of 3, and 4 BHK home unit types set in many towers spread across a vast 80 sections of the land area in this beautiful residential project. This project is another launch of the reputed Prestige group as a residence project midst in Whitefield. Prestige Group offers spacious, lavish apartments in Whitefield for homebuyers. In the Whitefield, many residential projects are developed by the renowned Prestige builders’ group. The Prestige projects in the Whitefield area include Prestige Waterford, Prestige White Meadows, Prestige Silver Oak, Prestige Mayberry, and Prestige Shantiniketan. Prestige Lakeside Habitat is the best project for the extravagance feature of the Prestige project in Whitefield. The project offers cosy apartments with outstanding features at 2/3/4 BHK home units.
Owning the best home in the best location in Bangalore will give you great pleasure. Hence people who own homes in the apartment located at Whitefield and built by the Prestige builders will also get comfort and convenience. Prestige group residential project offers enormous 3 and 4 BHK apartments in Whitefield. The ongoing projects of the Prestige team comprise three segments: private, business, and benevolence. The project in Whitefield combines Mall, Hotel, and a business community that provides a retail and lodging facility. Similarly, Prestige Grove Park's upcoming project will also be the best venture in the Whitefield location. Every Prestige residential project's apartment house highlights the best interiors that inspire style and elegance. Hence, with the best plans and involving the specialised teams, the Prestige builder group will launch the towers of the modern residential project in the Whitefield location in the future.
With the top-notch design and luxurious comfort, people can find their dream home as accurate in the residential unit built by the Prestige group. Whitefield has seamless connectivity with the rest of Bangalore. The region is home to many essential workplaces and technology parks. There are many large schools, medical centres, commercial centres and hotels. Some of the famous hospitals in Whitefield are Sathya Sai Hospital, Manipal Hospital and Vydehi Hospital. The Whitefield Railway Station is beneficial for connecting to the Southwestern Railway network, and KempeGowda International Airport is just 34 km away. Outer Ring Road, which joins many significant localities of Bangalore via road, is just 8 km from Whitefield. Before, Whitefield used to be just an industrial area. But now, it has been converted into a prominent area of Bangalore. This is mainly due to the developments in infrastructure. Some of the substantial-tech parks in Whitefield are ITPL, Prestige Featherlite Tech Park, Kalyani Tech Park, EPIP Zone and more. The luxury hotels in Whitefield are Marriott Hotel and Vivanta by Taj. Speaking about malls, Phoenix mall is among the largest malls in Bangalore. One of the famous international schools in Bangalore, Whitefield Global School, is also located here in Whitefield. Bangalore's IT hub has caused the domino effect of an expanding real estate industry oozing into the neighbouring areas of the city. Suburban areas like Whitefield have become prime destinations for homebuyers due to their plethora of benefits.
Prestige Waterford is a vast enclave from the Prestige Group, ideally positioned on ECC road in Whitefield with a broad road frontage and set amidst 16.6 acres of lush vegetation with only 689 homes, making it exclusive property in Whitefield. The property is adjacent to metro stations, major tech parks such as ITPL, shopping malls, schools, hospitals, and a variety of other civic facilities.
Prestige Royale Gardens, a residential project by the Prestige Group in Yelahanka, Bangalore North, is a best-selling project because it provides an Apartment with the perfect combination of modern architecture and features to give a comfortable living environment. The apartment is available in the following layouts: 1BHK, 2BHK, and 3BHK. This project has a total land area of 22.5 acres, with 1664 apartments and B+S+16 floors. There are 13 towers with the size of the apartments varying from 1 BHK-697 sqft to 2BHK-1273 and 1304 sqft for Rs. 75 lakh and 3BHK-1705 sqft for Rs. 99 lakh. G+2 level Club House with gymnasium, health club, party hall, badminton court, squash court, mini theatre, Supermarket, Tennis court, Basketball court, swimming pool and children's play area, jogging track & Cricket Pitch, and many more amenities are available in this property.
Prestige Silver Oak is a fantastic project constructed by Prestige, a well-known Bangalore developer. These flat units in this project are offered in several configurations, with a minimum price of Rs 2.91 Cr and a maximum price of Rs 3.37 Cr, with property sizes ranging from 3606 Sqft to 4176 Sqft. The project is primarily located in Whitefield, East Bangalore, and is well connected to main thoroughfares such as Varthur Main Road. The project is currently fully occupied.
Prestige Boulevard, an upcoming residential project from Prestige Estates Projects Ltd., is located near Whitefield in Bangalore. Whitefield is well-connected to the rest of Bangalore via public transportation. The Prestige Boulevard project is ready to occupy, and it has many incredible amenities with a lot of facilities. Restaurants, banks, hospitals, ATMs, and schools are all close by, making living convenient. Vaastu is present on Prestige Boulevard, Maintenance Staff, Recreation Room, Game Room with the Billiards/Snooker Table, Carom Board, Table Tennis, Foosball Table, and Kid's Play Area.
Prestige Fontaine Bleau real estate organization has stunned the market by constructing Bengaluru's most excellent dwelling. This company provides high-end, high-quality residences. These flats are ready to be occupied with beautiful facilities. This corporation and housing complex offers a children's playground, a garden, 24-hour security, car parking, and other amenities. Hospitals, banking, ATMs, gas pumps, bus stations, schools, rail stations, restaurants, playschools, other amenities, etc., are within a short distance of the area.
Prestige Park Drive Plots is a new gated community developed by Prestige Groups. The residential enclave includes plots with various facings and dimensions. The reason spans a large area and offers excellent properties suitable for constructing free houses, duplex homes, and fibers. Beautiful scenery, spacious roadways, water flexibly offices, sump and bore-wells, and electrical and correspondence organization are all part of the cause. The total land area is 28 acres, with 469 plot units ranging from 1200 to 2400 square feet each. The project boasts exquisite Neo-classical architectural characteristics and huge 1200-2400 plots. On roughly 400 acres, a multibillion-dollar Devanahalli Business Park with two IT Parks is being built.
This is a beautiful enclave of luxury residences. Prestige Finsbury Park is a 25-acre township destination in the IT/Aerospace and Hardware Park, located near the city. Prestige Finsbury Park is situated in Huvinayakanahalli, Bagalur, near existing and emerging communities and facilities, and has excellent connectivity. A fully equipped clubhouse, landscaped gardens, swimming pool, gymnasium, outdoor sports courts, and children's play area are just a few available amenities.
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