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 markets 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 decently 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 the 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 homeownership 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.
It all started in 1999 when they came together to incorporate the GRC Group. During that time, the company worked with leading architects in creating some of the high-end homes and villas in Bangalore. It also provided contractual services to luxury homes, commercial complexes, and hospitals, establishing the roots that would support its growth in the years to come.
The firm then grew to become an independent developer and started its first independent, residential apartment complex called GR Vistas. The success of this project gave a huge fillip to the promoters and the successful completion of several other projects cemented the group’s growing reputation.
The GRC group creates Healthy Homes, which also inherently resource-efficient. The driving idea was to create healthy living environments that would be sustainable, ecologically friendly and economical. All residences built by the GRC Group are based on intelligent design and green architecture principles.
Currently, the GRC group is engaged in the planning and development of multiple, large, residential projects in the city of Bangalore.
GRC Subhiksha apartments are one of a kind investment opportunity, leading to lots of prosperity. Location wise amenity wise and quality-wise it fits the bill when it comes to the discerning seekers of value homes. Hence Subhiksha means a return on investment in every sense.
Good ventilation systems will help expel a build-up of pollutants, bacteria, and moisture. A ventilated room will instantly be more comfortable and reduces condensation. Good lightings enhance the mood and desirability of these spaces. It contributes greatly to people’s sense of well-being.
Greenery is the prime color of the World and that from which its loveliness arises. The Loveliness of Greenery which fills you with Freshness. You will never end your walk, once you start on walk pathways.
- RCC framed with solid concrete block walls.
- Living / Dining: Vitrified tiles.
- Bedroom: Vitrified tiles.
- Lobby / Stairs : Granite / Marble.
- Ceramic / Terracotta tiles.
- Black granite counter.
- Vitrified for the flooring.
- Provision for water filter and washing machine.
- S.S sink of size 2’0″ by 2′-6″
- Basement parking.
- Solid teak wood frame and teak wood veneered shutter for the entrance door.
- Other doors are of hardwood frames and painted flush shutter
- necessary good door handles locks and hinges
WATER SUPPLY :
- Borewell and overhead tanks.
- Provision for BWSSB Water.
- rainwater harvesting for garden use
- Lifts of capacity 6 passengers each of standard makes.
- Telephone, Television, light and fan points with modular switches.
- Exhaust fans provision in the kitchen and bathrooms.
- Earthing – ELCB for each flat.
- Stand-by generator for common areas, lifts, pump, and 0.5 KW
PAINT AND POLISH :
- Interior paint: Acrylic emulsion for the wall.
- External paint: Acrylic emulsion.
- Washable distemper for the ceiling.
- Grills and railings: Enamel paint.
- The window of aluminum three track frames and shutters with MS Grill.
- Good quality sanitary fittings of Parryware/Hindware.
- Superior chrome finish fixture of Jaquar make.
- Antiskid ceramic tile flooring, glazed tile dadoing up to 7′-0″ for walls.
- CCTV Camera.
- Round the clock security.
- Intercom facility to each flat.
GRC Subhiksha Floor Plans:
Location Highlights of GRC Subhiksha:
A QUICK LOOK AT THE NEIGHBORHOOD
GRC Subhiksha is located in between Hosur Road and Sarjapur road. It is well connected to signal free NICE corridor road and nearest to the lush green belt of eastern Bangalore which secures green land around.
- WIPRO Corporate Office
- Infosys Software
- Eco Space
- Embassy Tech Park
- BMAX Hospital
- Live 100 Hospital
- St, Johns Hospital
- Green View Hospital
- Agarwal Eye Hospital
- Motherhood Hospital
- Sakra Hospital
- ZEE Schools
- Building World School
- Lawrence School
- Sarsfort International School
- Macaulay English School
- Acts Secondary School
- Lorven Public School
- PES School & College
- Bangalore English School
- Cambridge International School
- Notre Dame School
- Amrita University
- Delhi Public School
- Coupon Mall
- Total Mall
- Forum Mall
- Reliance Fresh
- More Mega Store
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Q- As a man is said to have a right to his property, he may be equally said to have a property in GRC Subhiksha which a property seeker should buy?
Current condition: – All of the mentioned below are under construction.
Highlights of the Project:
- Close To Near By School & Colleges
- Vastu Compliant
- Herbal plantation
- Courtyard gardens
- Walking pathways
- Total Area : 3 acres 08 Guntas
- 240 Units
- BDA Approved 2 & 3 BHKs with Private Gardens
- Areas ranging from 1015 to 1405
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 GRC Subhiksha: –
The following are the various amenities offered by project to its residents: –
- Club House
- Fully equipped Gym
- Swimming pool
- Children’s play area
- Badminton Court
- Open Air theatre
- Landscaped Pathways
GRC Subhiksha Master Plan:
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