For small budgets, studio apartments are the cheapest option with several benefits. It has grabbed the attention of the workforce, students, as well as people on constant move. Seeing this trend, Provident housing limited came up with the “Provident Upstudios project”.
Provident Upstudios Overview
Provident Upstudios is a part of ~6 acres residential project “Provident Capella”. It is conveniently located at the IT hub of Whitefield. It is a tower comprising 169 studio apartments in Whitefield Bangalore. It is ideally built for working professionals in the commercial region of Whitefield. This project shows high appreciation value. Also, the high rental demand is a good sign for investors.
The price starts from ~32 lakh INR. It is in its pre-launch phase.
Provident Housing Limited
Provident Housing Ltd is a subsidiary of Puravankara Ltd. It is an established real estate firm in the country. Provident was launched in 2008 with the vision to provide “homes for all”. They aim to provide elite homes at an affordable price. Their goal is to create homes for all budgets. Upstudios is part of that initiative.
Provident Upstudious apartments have highly competitive prices. They are located where there is demand. This is clearly reflected in the Upstudios project.
In addition, Provident housing has projects in 6 major Indian cities. This includes Bangalore, Chennai, Mangalore, Hyderabad, Coimbatore, and Goa.
Provident Upstudios Connectivity
The benefits of living in Whitefield are several. First and foremost is its top-notch connectivity. This and the tech boom has made Whitefield a hot destination for real estate buyers. Whitefield is connected to major cities via Whitefield road and Varthur road. With seamless connectivity, it has certainly increased the footfall of real estate buyers in Whitefield.
It is also well connected by rail. The Namma Metro project, once complete, will connect Byappanahalli with Whitefield. The upcoming Peripheral ring road (PRR) will connect Whitefield to Tumkur road, Bellary road, Hosur Road, and Old Madras road. PRR also connects to NICE road. Its proximity to Bengaluru Airport is also responsible for high real estate demand in this area. It has educational firms. It has renowned medical centers. Plenty of leisure options like Park Square Mall, Phoenix market city, and Forum Mall are nearby. This has manifested several residential projects in Whitefield. Whitefield is known for its tech hubs. Some of the top companies here are:
- Infineon Technologies
- SAP Labs
- Genisys Group
Provident Upstudios flats are particularly built with the need for homes for single working professionals. However, it is well suited for students and couples as well.
Benefits of Provident Upstudios units
Upstudios is located in a growing real estate hotspot. With this comes excellent connectivity. But that’s not the only benefit.
More and more people are moving to studio apartments. This is because of its cost-saving benefits.
Owning an Upstudios unit means you are close to commercial hubs of Whitefield. It is also cheaper than 1BHK flats in Bangalore.
Studio apartments are popular among students and the workforce. This is because it requires less effort to maintain. Furniture cost is also less as the flat is small. Perfect for busy people.
Being close to IT hubs is the enticing workforce to move to nearby studio apartments. It is gaining popularity among couples as well. This is because small studio apartments enable quality time for partners which brings them closer.
Upstudios flats in Whitefield are comfy, at the ideal site, and easy on the pocket.
Built with Global brands
Provident housing has been building elite homes at affordable prices. They do not compromise on quality. Thus, they have used renowned brands to make your small home as premium as possible. From bathrooms to elevators they have used quality products from global brands. Some of them are:
- Mitsubishi Electric – Elevators
- Yale – Main door locks
- Kajaria – Living and bedroom floor tiles
- Berger paints – Premium home wall paint
- Schneider Electric – Stylish electric switches
- Queo – Bathroom fixtures
Studio apartments in Whitefield
Whitefield is majorly a commercial hub. This is, however, changing. Many reputed builders are coming with housing projects seeing the need for it. Whitefield hosts several luxury projects. Yet, projects related to studio apartments are few.
Provident sensed this need for low-budget homes in Whitefield. And thus, decided to build homes here.
There is a need for single rooms for rent in Whitefield, Bangalore. This need not only pushed this project but will also be the reason for demand when the project is complete. The project will host a limited number of flats, i.e. 169. The demand is related to rents and high resell profit, which we will discuss below.
Rental demand for Provident Upstudios apartment
A studio apartment near the Whitefield IT hub means constant rental demand. Why? As mentioned (several times) before, Whitefield is a home for tech experts. To talk in numbers, the IT hub here employs ~4 lakh people. And many of these are looking for ‘1RK for rent in Whitefield’.
So if you are planning a rental business in Whitefield, it will be successful as the demand is huge. Besides, students moving here for education are opting for cheaper options like studio apartments. So you will earn a good income by investing here. You’ll have better rental yields in Upstudios units than any other.
High Capital Appreciation
Not only the rent is a great source of income, but the future of Upstudios is also great. In the last 3 years, there has been a 50% hike in average property prices in Whitefield, Bangalore. The locality is still developing. With the metro project conclusion, the price will also grow. As the trend for budget-friendly homes is rising, Upstudios apartments will also benefit from it. Plus, it is strategically located near ITPL. Studio apartments near ITPL are a huge advantage in itself. The location favors this project. This is a good investment opportunity to park your money.
Easier to Resell
With busy work schedules, people are opting for an easy-to-maintain home. One that fits the minimal budget. This perfectly aligns with studio apartments.
Studio apartments are seeing a hike in demand. Especially near the commercial region. This hike in demand will not fade away. Instead, it will keep growing as the locality develops further.
In the future, if you decide to resell Upstudios’ apartment, you can do so without much fuss.
First, the demand exists and keeps growing every year.
Second, studio apartments are cheaper than luxury units of Whitefield.
Third, Whitefield is home to over 4 lakh professionals.
Because of this, you can easily find the best rates for the apartment without having to wait long.
Provident Upstudios Special Offers
Provident Upstudios, Whitefield price starts from 32.69 lakh. The project is currently promoting pre-launch offers. Some benefits you gain by taking a pre-launch offer are:
- 100% refund till 30th June 2021
- Price protection plan till 30th June
To find the best offer for you, you can connect with us.
To summarize, the Upstudios project is a great investment opportunity. It has a high potential for reselling and rentals. And provides a comfy home for busy people.
So, if you are looking for studio apartments in Whitefield Bangalore, Kindly Call our experts on +91-6366370375 or fill the Contact Us form. Our team will call you and help in finding your dream home.
Regrob is a Tech-Enabled Real Estate Brokerage Firm with more than 35 Branches in PAN India. We have our dedicated team in all branches that provide accurate and correct information about the project. We are the RERA certified real estate brokerage company to work in Bangalore under RERA ACT with RERA Number- PRM/KA/RERA/1251/310/AG/180626/000997