Quick Recovery Expected for the Affordable Housing Segment Post COVID-19

Affordable housing has consistently been a well known land portion in India. Also, the legislature has been continually attempting to advance reasonable housing so that even the monetarily more fragile areas of the general public can appreciate a cutting edge metropolitan way of life. At this moment, the land area is experiencing the antagonistic impacts brought about by the Covid pandemic. In any case, it is normal that the moderate housing portion would bob back to regularity generally quicker after the pandemic.

In 2007, the National Urban Housing and Habitat Policy thought of the ‘Housing for All’ objective. At the point when the land area confronted the issue of quieted request during the Global Financial Crisis in 2008, a few designers began zeroing in on reasonable housing. Be that as it may, the Pradhan Mantri Awas Yojana (PMAY) presented in June 2015 was the most critical lift for the moderate housing section in India.

Real Estate Sector
Real Estate Sector

Bangalore has seen a sharp rise in sales after lockdown for affordable housing sectors as many have taken a serious decision to purchase their own property. Many have been searching for the residential apartments which have security as well as waste management systems, a proper resident welfare association, homes which have ample spaces as well as home office solutions and many more. People working in areas such as Electronic City, Whitefield, Hosur road, Kanakapura road etc have seen a surge in sales.

Be that as it may….

After the presentation of PMAY, the administration and RBI continued presenting different changes which conceded significant advantages to designers and purchasers of moderate private properties. Somewhere in the range of 2017 and 2019, the designers were offered various impetuses to create moderate housing. These included different tax reductions, sponsorships and institutional subsidizing. In 2019, the GST on reasonable housing was diminished to bring down the expense of housing and pull in higher deals.

In 2020, the duty occasion appreciated by the designers on benefits earned from reasonable housing ventures affirmed before 31st March 2020 was reached out by a year. Likewise, purchasers of reasonable homes were allowed a 1-year augmentation of the extra derivation of intrigue. Advances identified with moderate housing are likewise remembered for the need rundown of the Reserve Bank of India. Thusly, the legislature and RBI continued attempting to boost designers and purchasers the same to go for reasonable housing.

Be that as it may, despite these predictable endeavors to advance moderate housing, the fragment keeps on confronting various difficulties. For instance, land rates are on the ascent. It is extremely difficult to secure land bundles at low expenses in any of the significant urban communities. This outcomes in greater expense of creation, which, thusly, makes it hard to create moderate ventures.

The general development of land in India has been hampered throughout the most recent couple of years. The NBFC emergency brought about absence of sufficient credit for a large portion of the designers. A financial log jam which developed because of various strategy redesigns brought about a fall in property deals. Additionally, a larger part of the twenty to thirty year olds are currently disposed towards leasing homes as opposed to purchasing new ones. They would have in any case furnished the moderate fragment with a likely market. Every one of these variables have kept the section from prospering with its maximum capacity.

On a positive note, the circumstance is relied upon to improve significantly. After the flare-up of COVID-19 indicated individuals the requirement for their own home, an ever increasing number of home tenants are presently beginning to purchase homes. The interest for reasonable homes, specifically, is relied upon to be high because of the abrupt fall in buying intensity of the possible purchasers.

UPCOMING RESIDENTIAL PROPERTY IN BANNERGHATTA

Bannerghatta Road which is also regularly known as BG Road is located in Karnataka that associates Bangalore with towns of Bannerghatta along with Jigani and Anekal. It has an aggregate length of approximately 49 kilometers. It begins as a branch from Hosur Road close to the Adugodi Christian burial ground and finishes at Anekal town. It is also a most sought after place for upcoming residential projects.

UPCOMING PROJECTS IN BANNERGHATTA, BANGALORE

  1. SNN RAJ SERENITY

Spread over an immense 30 sections of land, SNN Raj Serenity is a fruitful venture of the SNN Builders situated in the dynamic Bannerghatta district of the South Bangalore. The undertaking offers contemporary style 2BHK, 3BHK and 4BHK lofts in the midst of an immaculate scene. Cut with flawless and exquisitive finish.

AMENITIES: Landscaped Garden, Swimming Pool, Gymnasium, Jogging Track, Meditation Hall, Play Area, Tennis Court, Badminton Court, Cricket Court, Basket Ball Court, Skating Rink, Club House, Library, Jacuzzi Steam Sauna, Squash Court, Amphitheater and Open Lawns.

  1. PRESTIGE PARK SQUARE

Prestige Park Square

Prestige Park Square

Prestige Park Square, situated in Bangalore, is a private residential venture of Prestige Group. It offers open and skillfully composed 2BHK and 3BHK condos. The task is very much furnished with all the essential luxuries to encourage the necessities of the inhabitants. The site is in nearness to different city utilities. Another one would be Prestige Elysian by Prestige Group.

Prestige Elysian

Prestige Elysian

AMENITIES: Mini Theatre, Multi-purpose Court, Amphitheatre, Children’s Play Area, Cricket Pitch, Gymnasium, Health Club, Indoor Games, Kids Pool, Party Hall, Swimming Pool.

  1. ANAND SOMU PRISTINE

Anand Somu Pristine in Bangalore is new private residential launch by Anand Group and Somu Group in Bangalore, offering 2 BHK, 3BHK and 4 BHK lavish living spaces spread more than 2.10 Acres of room. Deliberately situated in Anjanapura, Anand Somu Pristine, an exceptional venture, gives a drew in and lavish way of life.

AMENITIES: Lift, Round the clock water supply, power back up, car parking,

gymnasium, club house, children’s play area.

  1. SAI SURAKSHA MARVELLA

Sai Suraksha Marvella is a private venture created by Sai Suraksha Properties. The task offers exceptionally very much composed 2BHK and 3BHK private condos. The task is all around associated by different methods of transportation. The site is in closeness to every single metro utility.

AMENITIES: Lift, Round the clock water supply, power back up, car parking,

gymnasium, club house, children’s play area, fire fighting system.

  1. LOTUS PETALS

Lotus Petals is one of the famous private ventures that is situated in Bangalore. Created by Lotus Developers, this undertaking offers keenly built 2BHK and 3BHK condos with present day pleasantries for the solace of inhabitants.

AMENITIES: Lift, Round the clock water supply, power back up, car parking,

gymnasium, club house, children’s play area, intercom facility.

  1. NANDI CITADEL

 

Nandi Citadel is a private venture created by Nandi Housing. The undertaking offers extremely very much composed 2BHK and 3BHK private flats. The task is very much associated by different methods of transportation. The site is in nearness to different community utilities.

AMENITIES: Lift, Round the clock water supply, power back up, car parking,

gymnasium, club house, children’s play area, intercom facility, fire fighting system.

Launch Of Prestige Park Square

Prestige Park Square is the prestigious project from Prestige Group in Bangalore which was waiting to get launched and the wait finally is just about to get over. This project is almost on the verge of getting launched and will provide glamour and allurement to the clients staying in this skyscraper complex. The project will come up on 8.5 acres of land area and will consist of 3 Towers with Ground + 26 & 27 floors and a total of 586 units to offer. The charm of living in the swarming City with peace and reinvigorating venture will make people stay in a more peaceful way. The rationalized landscaping with different styled architecture shall hypnotize people around this project. This project will exemplify superiority of the builder where the concept of the lavish accommodation takes its physical forms in a very magnificent way.

Prestige Park Square

Prestige Park Square

Each room of the apartment will be outfitted with all newest amenities which will assist to stay comfortably with their families.  All the homes will be Vastu Compliant and designed by the best designers in town. The project plan will be such that the homes will have comfortable parking facilities that will allow the residents to have easy access to their car and amenities at any point in time.

The project location is on the Bannerghatta Main road which is considered as the prime location of Bangalore and enjoys superior connectivity to all points of interest located in and around Bangalore. The project is located in an area which is very convenient for the IT professionals as there are a lot of IT companies located on this road. There are a lot of Schools and Colleges too located in and around this project. So investing in this project will be just the right decision to make in your life. What makes this project one of the most desirable projects in Bangalore is its outstanding location linking it with all the momentous landmarks of Bangalore. Also, the Electronic city which has numerous IT companies is just 12.8 Kms away from the project.

Prestige Park Square Floor plan:

 Prestige Park Square Bangalore is going to offer 2 BHK, 3 BHK small, 3 BHK standard and 3 BHK large which various size options to choose from. We are sure you will be amazed after having a look at this project.

Type Super Built-up Area
2 BHK 1115 Sq ft
2 BHK 1130 Sq ft
3 BHK 1348 Sq ft
3 BHK 1385 Sq ft
3 BHK 1400 Sq ft
3 BHK 1596 Sq ft
3 BHK 1600 Sq ft
3.5 BHK 1771 Sq ft
3.5 BHK 1855 Sq ft

The Amenities offered in this project are Swimming Pool, Kids Pool, Pool Deck, Change Rooms, Party Hall, Mini Theatre, Open Terrace, Clubhouse Lobby, Badminton Court, Squash Court, Table Tennis etc to name a few. The residents will surely have a good time staying inside the complex.

So what are you waiting for? Just give us a call and we will help you with all your queries about this project and will also help you lock your favorite unit too.

Prestige Park Square – Launching this weekend

Prestige Group is all set to launch yet an additional project in Bangalore called Prestige Park Square which will be located on the Bannerghatta main road. This project will be a stylish enclave of best residences set in G+27 floors across 3 Towers that will stand royally tall over the neighborhood. The project will have large, sprawling homes intended and planned to complement your finest lifestyle. Each and every apartment in this project will come open on three sides, to offer you splendid undisturbed views of Bengaluru’s cityscape, as well as inestimable natural light and ventilation.

Prestige Park Square

Prestige Park Square

The project will be a stunning residential township by Prestige Group at Bannerghatta road and will be constructed with living space for 2 BHK, 3 BHK small, 3 BHK standard and 3 BHK large apartments. This project from the Prestige Group will amazingly offer lavish living and environment filled with love and bliss for your adored ones which they deserve.

The project will also be intelligently planned in such a way that in every apartment you will get utmost living space and fresh and cool breeze streaming inside. The amazing ventilation plan will guide the sunlight into each and every area of the apartment and will be one of the amazing and exclusive advantages of a lifestyle in this ‘Lush Green’ project.

Complete Picture of the Project

This project will be a perfect mix of modern amenities with panoramic ambiance merged with a lovely atmosphere. The project will spread over sprawling 8.5 acres of land with 3 grand towers. There will be an astonishing 4000+ apartments in this project. With the launch of this most awaited project of the year, it is going to get booked as it will be a hot property on sale mainly because of its location.

Please contact us to get more details on pricing and other details pertaining to the project. The 2 BHK will have a super built-up area of 1100 Sq ft, 3 BHK small will be of 1400 Sq ft, 3 BHK Standard will start from 1600 Sq ft onwards and the 3 BHK large starts from 1700 Sq ft to 1800 Sq ft onwards with maids room.  The layouts and configurations will be such that there will be an apartment to suit everyone’s needs amid with variations. There will be a provision for split AC’s in all the living area and bedrooms along with TV and telephone points.

The project is located at a convenient distance from the turmoil of the city life but not cut off from it. Gottigere will be the nearest metro station and there are a lot of places like Jigani, Tumkur road, Electronic city, Nice Ring Road etc which are all located close to the Bannerghatta road. There are a lot of MNC’s located in the vicinity of this project.

This will be a dream home where you will want to come back to live in peaceful style every day, after a long day at work!

So what are you waiting for…Call us to book your flat right now.

Apartments in Bannerghatta – Prestige Park Square

Prestige Park Square Bangalore is a project that meets one’s lifestyle and at the same time will fit your budget. Prestige Group, ­ South India’s renowned real estate company is back with another residential project, Prestige Park Square. Prestige Park Square project will give you a peaceful and convenient living option and thus will make your life worth every moment. Apartments here will be designed into stunning open-concept spaces keeping in mind your privacy and allowing you to appreciate its entire impeccable and thoughtful details. The project is located on Bannerghatta Main Road in Bangalore and is facilitated with life-enhancing facilities like snooker room, steam and sauna rooms, health club, kids’ pool, massage room etc. Prestige Park Square project offers apartments of 2 BHK and 3 BHK types to choose from. Moreover, Prestige Park Square soon to be launched project is located in proximity to banks, play schools, restaurants, bus stations, hospitals and petrol pumps.

Prestige Park Square provides an extensive range of amenities to its residents and all while it lingers in the comfort of your apartments. The Prestige Park Square Township has been planned by prestigious architects who have taken great pains to make sure your homes have stylish designs and comfort. The list of amenities at Prestige Park Square is presented below to support your stay at this wonderful township.

PRESTIGE-PARK-SQUARE-building

Prestige Park Square

Prestige Park Square location on the Bannerghatta Road such that there are many multiplexes, hotels, restaurants, shopping malls, hospitals, grocery shops, and educational institutions are very close by, that will help in satisfying the needs of the inhabitants in every need and aspect. As Prestige Park Square Bangalore is located in one of the major locations of Bangalore; it proves to be a worthy investment, mainly for the IT professionals.

The proximity of the Prestige Park Square project to the hospitals in the area heeds the need for immediate health care at any time quite well.

The Prestige Park Square yet to be launched project is conveniently located, such that all the major parts of the city and its many landmarks are well linked and transport facilities are available around the clock which will aid the commuters that travel often.

Prestige Park Square Bannerghatta road project will give a lot of importance on safety and security with state of the art security devices that will help in monitoring the premises and 24 hours security services at all entrances and exits.

Prestige Park Square Amenities

Prestige Park Square, one of the best housing projects, is the best pre launch choice for property investments in Bangalore. Amenities: Swimming Pool, 2Party Halls, Gymnasium, Spa & Health Club, Basket Ball Court, Indoor Squash Court, Tennis Courts,  Indoor Badminton Court, Table Tennis, Billiards, Reading room, Indoor Board games, Space for Creche, Space for convenience store, laundrette, Mini theatre, Cards room, Space for ATM and Open Terrace Party Area.

About Prestige Group  

The Prestige Group owes its origin to Mr. Razack Sattar in the year 1956. From the year 1986, Prestige Estates Projects has grown swiftly to become one of South India’s leading Property Developers, helping shape the skyline across the Residential, Commercial, Retail, Leisure & Hospitality sectors. Prestige Court on K.H. Road in Bangalore set the pace for the Group’s rapid growth which now stands at over 184 Completed Projects spanning a total developed area of over 60.74 million sq ft. It also has another 57 ongoing projects comprising around 59.24 million sq ft & 43 upcoming projects totaling 44.11 million sq ft., which include Apartment Enclaves, Shopping Malls and Corporate Structures, spread across all asset classes.

Prestige Constructions, an ISO 9001:2000 certified company is the only Real Estate Developer in Bangalore to have won the reputed FIABCI Award for its software and residential facilities. Prestige was also recently awarded the Crisil DA1 Developer Rating in recognition of the quality of their projects and the ability to deliver completed projects in a timely manner, making them the ONLY Property Developer across India to have received this distinction. Today, Prestige stands as a giant and with aggressive growth plans across the Residential, Commercial, Retail and Hospitality Sectors in Bangalore, Goa, Hyderabad, Mangalore, Cochin and Chennai, lies a bright future ahead!

Blog Referral : Pre Launch Prestige Park Square

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