Prestige Tech Vista Villas Marathahalli Sarjapur Outer Ring Road

2024-01-24

Real Estate Investment

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 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 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.

About Prestige Group

Over the last decade, the Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India by imprinting its indelible mark across all asset classes. Founded in 1986, the group’s turnover is today in excess of Rs 3518 Cr (for FY 15); a leap that has been inspired by CMD Irfan Razack and marshaled by his brothers Rezwan Razack and Noaman Razack. Having completed 210 projects covering over 80 million sq ft, currently, the company has 53 ongoing projects spanning 54 million sq ft and 35 upcoming projects aggregating to 48 million sq ft of world-class real estate space across asset classes. In October 2010, the Prestige Group also successfully entered the Capital Market with an Initial Public Offering of Rs 1200 cr.

Prestige Tech Vista Overview 

As you drive down the Outer Ring Road in Bangalore from Marathahalli to Sarjapur Road, one of the most arresting sights on your right is the magnificent sprawling expanse of Prestige Technology Park. Ever since it came up a few years ago, it has been the definitive edifice of its class in what is today referred to as the city’s IT corridor. Prestige Tech Vista, a warm, intimate and absolutely exclusive enclave of exquisite 30 townhouses, is located in the heart of Prestige Technology Park, on the Marathahalli-Sarjapur Outer Ring Road.

Generously proportioned and spaciously laid to be flushed with nature’s own light and ventilation, Tech Vista offers the unbeatable combination of a prime location and a totally tranquil atmosphere. So, come discover homes that keep you a step ahead while staying in touch with your soul at Prestige Tech Vista. You will find every detail about the place that you require, within this section.

Specification of Prestige Tech Vista

Structure

• RCC Framed Structure
• Cement Blocks for All Walls

Lifts

• Lifts for all Units

Villa Flooring

• Wooden Laminated Flooring in all Bedrooms
• Imported Marble in the Foyer, Living, Dining, and Corridors, Family Area and Internal Staircases
• Natural Stone in Verandahs
• Anti-skid Ceramic Tiles in Balconies and Terraces

Kitchen & Utility

• Granite Flooring
• 2 Feet Ceramic Tile Dado Over a Granite Counter
• Double Bowl Single Drain Steel Sink with Single Lever Tap
• Ceramic Tile Flooring and Ceramic Tile Dado in the Utility
• Ceramic Tile Flooring and Dado in the Maid’s Room and Toilet

Toilets & Fittings

Master Toilet:

• Imported Marble Flooring and Dado
• Wall Mounted EWC
• Imported Marble Counter Top with Washbasin and CP Mixer Taps
• Bath-tub, complete with Mixer and Hand Shower
• Mirror above Washbasin with all CP Toilet Accessories

Other Toilet:

• Anti-skid Ceramic Tiles Flooring
• Ceramic Dado and Texture Paint
• Washbasin with Granite Counters, Mirror above Washbasin
• Shower Partitions, European Water Closets, CP Fittings and Accessories
• Solar Water Heater to Supply Hot Water to all Toilets

Doors & Windows

• Entrance Door – 8 Feet High Timber Door with Architrave, and Polish on Both Sides
• Internal Doors – 7 Feet High Opening with Wooden Frames and Flush Shutters
• External Doors – Timber Frames and Partially Glazed Timber Shutters for all External Doors
• Windows – Timber Frames and Shutters for Windows with Clear Glass, Mosquito Mesh Shutters and Grills

Painting

• External Walls with Cement Paint
• Emulsion on Internal Walls and Ceiling

Electrical

• Concealed Wiring with PVC Insulated Copper Wires with Modular Switches
• Sufficient Power Outlets and Light Points will be provided
• 15 KW Power will be provided for A, B, and C Type Villas
• TV and Telephone Points provided in the Living, Family Area and all Bedrooms
• ELCB and Individual Meters will be provided for all Villas

Security System & Additional Amenities

• Security Cabins with Intercom facility to all Villas
• Door Video Phone
• STP and Rainwater Harvesting

Additional Cost

• 100% Power Back Up for all Villas

Highlights of Prestige Tech Vista

• Development Size: 3 Acres (Reserved Exclusively for 30 Luxurious Town Houses)
• Number of Units: 30 Exclusive Luxurious Town Houses between 3,980 to 4,307 sq ft.
• Bedrooms: 4
• Development Type: Bangalore Residential, Exclusive Town Homes, Ready to Move-In
• Property Status: Active, Few Units Left, Ready to Occupy

Q- As a man is said to have a right to his property, he may be equally said to have a property in Prestige Tech Vista which a property seeker should buy? Address: Prestige Tech Park Rd, Kadubeesanahalli

Current condition: - All of the mentioned below are Ready To Move in

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 Prestige Tech Vista: -

The following are the various amenities offered by project to its residents: -

• 24 Tech Club Membership
• Children's Play Area
• Festive Lawn
• Multipurpose Hall
• Swimming Pool

Prestige Tech Vista Review Video

https://www.youtube.com/watch?v=9tugL54xI30

Prestige Tech Vista Master Plan & Floor Plan

Watch Actual Video of Residential Project In Sarjapur Click Here

For More Info or Site, Visit Call Us at +91 – 9870312902 

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