A look at our history books would tell us that most great civilizations of the past came up near river banks or coastlines. Moving to the present, the story has changed somewhat. Nowadays, it’s the physical infrastructure and the promise of opportunity that attracts people to settle in an area. A look at the evolution of India’s ‘Silicon Valley’ and ‘Garden City’ of Bangalore is a clear illustration of the same.
Bangalore city, earlier defined by its petes and cantonments, rapidly expanded eastwards and southwards in the late 90s. Fueled by the IT boom and the construction of the Outer Ring Road, many villages rapidly became urbanized and a part of this ever-expanding city. We are now on the cusp of history repeating itself, with north Bangalore being the new theatre of development. The one major factor, which has brought about this boom, is the construction of the Kempegowda International Airport in Devanahalli, which opened in 2008. Already one of the country’s busiest airports, it has become a key economic and real estate driver. We look at the changes this airport has already indirectly brought about and also the impact of some promising developments announced recently.
As the population is increasing day by day. the land rates in India will go on increase unless there is some serious issue in that area. If you invest money in some bank or in shares there will be no guarantee for that money to get double. But if you invest in property especially land it will surely get increased.
How Increasing Demands of Millennials are Shaping Real Estate Market
1. Growing Purchasing Power
The booming millennial workforce in the garden city has enabled Bangalore’s real estate to grow significantly. Bangalore has always been one of the active residential market and now is also known for having sustained demand for commercial space. According to a NASSCOM report, 2018, Bangalore is one of the fastest growing technology start-up hubs in India with nearly 7,700 registered start-up firms. Of this, approximately 1,200 new start-ups were registered in 2018 alone.
2. Various Govt. Reforms
The introduction of reforms like RERA & GST has made the sector go through significant improvements. As a business hub, the city caters to the technology and other services requirements of companies globally; no wonder then, that Bengaluru attracts a huge ratio of India’s highly-skilled workforce.
3. Rapid Real Estate Growth in Bangalore
The year 2018 re-established Bangalore’s position in the commercial space. According to a JLL report, the city accounted for the highest absorption of office space at 7.9 million sq. ft. in the first nine months of the year. Bangalore also fared decent in the residential segment. According to a recently conducted research, about 870 projects were launched in 2018. About 50% of this new supply was in the mid-segment (Rs 40-70 Lakh), followed by 24% in the affordable segment (Less than Rs 40 Lakh) and 26% supply in the luxury segment (Rs 70 Lakh and above).
4. Boost in Affordable Housing Segment
Affordable housing witnessed a growth of 22% in sales during 2018. In the recent Budget announcement, the government has extended the deduction of interest on home loan by Rs 1.5 lakh to Rs 3.5 lakh and flat 1% rate for under-construction affordable housing to boost demand. Furthermore, the government has extended the benefit of Credit Link Subsidy Scheme (CLSS) on home loans for the Middle-Income Group (MIG) under the Pradhan Mantri Awas Yojana (Urban) till the end of March 2020 and this seems to be a major push for the progression of affordable housing segment.
5. Rising Rental Expenses
Millennials favor home ownership over increasing rental expenses in the long run. Owning a home offers independence and flexibility that a rented home cannot. This generation would rather direct the money for monthly rent to pay off EMIs instead.
About Geown Oasis
The Builders bring in a wealth of experience with a combined experience in Civil Engineering, Global Sales and Marketing, High End Information Technology and Telecommunication. It is a rare and unique combination in the real estate sector. The team is thus endowed with the ability to understand the requirement of highly discerning customers and deliver to their expectations.
Geown Oasis Overview
Geown Oasis, a beautiful residential project, coming Off Sarjapur Road, offers you contemporary villas at unmatched prices. It is spread on 15 acres of land with 180+ villas in the midst of tranquil surroundings. The Phase 1 of the project is approved by all leading banks like SBI, HDFC, LIC HFL, ICICI, PNB.
The project will have abundant greenery and parks such as Vertical Park, where you can go for a leisurely stroll or jogging. There is an exclusive clubhouse with a multipurpose hall, gym, pool and various sports facilities for recreation and community bonding. Besides being in tune with nature, Geown Oasis is also in sync with smart technologies such as Biometrics, Perimeter Security and Wi-Fi Zoning.
Beautifully designed with stunning features and attractive elevations, most of the villashave four bedrooms and large living spaces looking outward. Most villas give you uninterrupted views of the surroundings and come with distinct features such as sky-lit sculpture courtyard, kitchen garden, outdoor party area, a terrace garden with entertainment area and a lot more to give you a luxurious lifestyle.
Actual Video of Geown Oasis:
LOCATED IN THE MIDDLE OF IT HUBS
Geown Oasis’s proximity to all main IT hubs of Bangalore gives it a distinct
locational edge. The proposed Infosys Campus, SABIC R&D Campus, Wipro HQ, Outer Ring Road, Whitefield (ITPB) and Electronic City are all reachable from Geown Oasis without facing the problem of traffic congestion.
CLOSE TO REPUTED SCHOOLS
- The International School, Bangalore (TISB)
- Greenwood High
- Cambridge International School
- Oakridge and Gear International School
- Inventure Academy school
- DPS International school
- Bangalore Steiner School
- Harvest International school
- Bethany High School
- Chrysalis High school
- Sri Ravishankar Vidya Mandir
- Primus and Prakriya schools
- RCC framed structure (designed for seismic zone 2)
- Foyer/ Living and Dining/ Kitchen: Vitrified tiles
- Master Bedroom: Laminated wooden flooring
- All other Bedrooms: Vitrified tiles
- All other Bedrooms: Vitrified tiles
- All Toilets: Glazed ceramic tiles upto 7’ height
- Kitchen : Glazed ceramic tiles upto 2’ height above counter
- Granite counter with stainless steel sink- single bowl with single drain board
- Provision for Water purifier
- Granite counter top or Wall Mounted wash basin
- European water closet (EWC) of reputed make in all toilets
- Hot and cold water mixer for wash basin in Master Bed toilets
- Wall mixer with CP shower unit in bath area in all toilets
- Health Faucet in all toilets
- 4KW for 3BHK and 5KW for 4 BHK Villas
- 100% DG back up for Club House, Pumps and Common Area lighting
- Modular switches of GM/ Anchor Roma or equivalent make
- Concealed conduits with copper wiring
- Exhaust fan points: Complete with wiring and outlet in all toilets
- Water purifier point: Complete with wiring and outlet in the kitchen
- Washing machine point: Complete with wiring and outlet in the utility
- All other necessary light and other points: Complete with wiring and outlets.
- Grohe/ Jaquar or equivalent make
- Inlet and outlet for washing machine
- One bibcock for domestic water
- Main entrance door: Teak wood frame and designer shutter
- All internal doors with hard wood frame and moulded shutter
- Toilet doors with hard wood frame and moulded shutter with enamel paint or laminate
- Balcony doors: 3 Track UPVC sliding doors.
- 3 Track UPVC windows
- Adjustable glass louvers with provision for exhaust fan
- Internal walls: Plastic emulsion
- Ceilings : Oil bound distemper
- External walls: Exterior grade emulsion paint
- Hindware / Jaquar or equivalent make
- Godrej locks with stainless steel fittings on Main Door
Q- As a man is said to have a right to his property, he may be equally said to have a property in Geown Oasis which a property seeker should buy?
Current condition: – All of the mentioned below are under construction.
Highlights of the Project
- No of Floors: G+2 Floors
- Plot area: 1750 sft’
- Builtup Area: 3214 sft
- No of Bedrooms: 4 bed rooms
- Servant room with attached toilet
- Living area on all three floors.
- 1 store room.
- Private Garden
Q- I always say if the house I live in is comfortable, and I have all the amenities I need, then what more can you ask for? Talking about the Amenities in Geown Oasis:-
The following are the various amenities offered by project to its residents: –
- Swimming Pool with Deck
- Toddlers Pool
- Club House
- Steam / Suana
- Party Hall
- Indoor Badminton Court
- Tennis Court
- Billards Table
- Card Room
- Children Play Area
- Rain Water Harvesting
- Sewerage Treatment Plant
- Perimeter Security
- Wi-Fi Connectivity (Club House)
- Biometric Access (Club House)
- Table Tennis
- Basket Ball Court
Explainer Video of Geown Oasis:
Visit Our Website: https://bit.ly/3ecyric
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