Bangalore or the now Bengaluru, is one of the fastest developing metros of India. With the IT boom that hit the city, came in a confluence of cultures as a number of people relocated from various parts of the country only to make this beautiful city their home. Being a homely city catering to both young and the old, the real estate segment in Bangalore has always been an attractive proposition, encouraging more and more buyers to invest in the city.
With companies setting up their offices in several pockets of the city, development as far as real estate is considered got scattered all over the city. There are various properties for sale available in various areas of Bangalore, consisting of both older redeveloped properties and newly constructed apartments with the best of amenities and infrastructure. You could be looking at property investment or ready to move in residential property in Bangalore, be rest assured the options to choose from are aplenty and hence it requires careful analysis and thinking to make sure you make the right investment decision.
Here are some important factors you should take into account before making a purchase decision of properties in Bangalore:
What kind of Property are you looking at?
When it comes to home buyers there are various factors that influence investors, to put their money into a specific property. People buy property for various reasons such as investment purposes or for upgrading lifestyle and the location or property you decide to invest in should suit your requirements of buying a house. There are many properties for sale that are available for cheap around the outskirts of Bangalore city, however, these may suit those who are looking at investing for a long-term perspective. For those looking at residential properties, North or South Bangalore have a number of residential properties that provide for luxurious and stylish living in the heart of the city.
The builder developing the project
There are several builders who have ongoing developing projects in the city of Bangalore. Before deciding upon the builder you’d like to invest in it is important to do a background check of the builder and take a look at the various projects that have been completed by the builder to get an idea of the kind of work the builders are doing. Reputed builders like Indya Estates are known for their futuristic projects in various parts of Bangalore. Thoughtful designs and well-planned projects by these builders are backed by functionality and practicality, becoming the obvious choice for investors and those intending to move in.
The budget you have in mind or can stretch up to is yet another important factor that lets you decide upon the property you want to buy. Getting the maximum value for the money invested should be one objective when investing in the property, and getting maximized future returns should be yet another consideration when investing in the property of your dreams.
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 loans.
Since its inception in 1975, Puravankara has believed that there is only one mantra for success: Quality. This credo combined with uncompromising values, customer-centricity, robust engineering, and transparency in business operations, has placed it among the ‘most preferred’ real estate brands in both residential and commercial segments.
The Company has grown from strength to strength, having successfully completed 48 residential projects and 2 commercial projects spanning up to 23.54 million square feet (PPL’s economic interest –20.93 MSFT). Currently, it has 24.87 million square feet / 17,895 units (PPL’s economic interest – 22.03 MSFT/ 16,188 units) of projects under development, with an additional 22.73 million square feet(PPL’s economic interest – 18.98msft) in projected development. An ISO 9001 certification by DNV in 1998 and a DA2+ rating by CRISIL are testaments to Puravankara’s reputation as a real estate developer of the highest quality and reliability standards.
The Group commenced operations in Mumbai and has established a significant presence in the metropolitan cities of Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in Dubai, Colombo and Saudi-Arabia.
Puravankara has the distinction of being the first developer to obtain FDI in the Indian real estate industry. It achieved so through its joint venture with Singapore based Keppel Land Limited, the property arm of the 54% government-owned conglomerate, Keppel Corporation Limited. The joint venture company, Keppel Puravankara Development Private Limited, has several ongoing housing projects in India.
Puravankara prides itself on continual innovation to meet evolving market needs. Provident Housing Ltd., a wholly-owned subsidiary was launched in 2009, to cater to burgeoning demand in the affordable housing segment. Nearly 12 million square feet of projects are under development at the present. The company plans to expand its presence with the continued unabated demand in the market.
The Puravankara Group Companies has the distinction of being awarded ‘Finaliste, International Prix d’ Excellence –1998′ for its project “Purva Park” in Bangalore. The award was adjudged under the group residential category by FIABCI in Paris, the International Federation of Real Estate. Puravankara has also bagged the Realty Plus Excellence Award – 2012 in the category ‘Popular Choice – Developer of the Year: Residential.’ Ravi Puravankara, the Chairman, has received the ‘Lifetime Achievement’ award. Jackbastian K. Nazareth, the CEO, was deemed “Most Enterprising CEO.” Puravankara has a workforce of over 900 skilled personnel, including 205 engineers and in-house architects who fuel the organization’s vision of delivering quality products to its consumers perpetually.
Purva Palm Beach Overview:
Planned on the lines of a tropical beach resort, Purva Palm Beach spread over 19.37 acres with a central courtyard – The Lagoon – on approximately 4 acres, promises to replicate the sights and sounds of the sea in Bangalore. Actually, the inspiration to launch this project in Bangalore arose from the collective dreams of successful people like you.
People who’re relentlessly busy working without breaks; people who, in spite of their busy bee existence, still nurture the hope of taking short vacations at getaways by the sea. At Puravankara, we understand you like no other. This is why we’re offering you a home that brings the landscape of a beach and tropical backwaters to your doorstep in Bangalore so that you continue to enjoy your extended stay at a tropical paradise.
Snorkeling Pool :
Swim. Float. Explore. Welcome to Aquapark. Our Snorkeling pool has the power to keep your kids hooked for hours on end. On the positive note, this indulgence will keep them healthy and happy, a state of happiness without junk food and TV.
Think of the sea and it materializes in a jiffy; go against the tide, swim like a fish. For once, you needn’t go elsewhere for a vacation, there’s an exclusive wave pool – Sunn Surf – right in your backyard.
Pool With A Sunken Bar:
Is your fun being curtailed by a small pool? Welcome to the pool at Palm Beach It can’t get any grander than this. From Ripples – the sunken bar to an attached aquarium to a water cascade skirting the pool, there’s enough here to accommodate the biggest pool party.
Golf Putting Green:
Nothing relaxes you like a game of golf. Head to The Green, our specially-designed putting range. Fine-tune your golfing skills before the weekend rendezvous with your boss.
Our serene pond is a must-visit for everyone at Palm Beach. Shallow, vast, and sublime, it’s the best place to hang around after your hectic corporate battles. In fact, the mere sight of Koi Carp fishes is enough to uplift your mood.
If the whole world is a stage, then your actions should transcend the ordinary. Enter the Ballet Room. Perfect your body, practice your moves, With the right guidance, you’ll be the star you’d always wanted to be.
The Culture Clubs:
Potential. Everyone has it in them, but only a few live up to realize it thoroughly. At Puravankara, we understand that every person is special… it is just that the opportunities are limited for people to tap their immense talents. Come over to the two Culture Clubs at Palm Beach. They have a whole range of amenities to tap your talents – be it you or your kid. From lego activities to karaoke to the science club exclusively dedicated to science enthusiasts…the avenues are as diverse as your interests. Does star gazing give you goose-bumps? Well, our state-of-the-art telescope will unlock the secrets of a star-lit sky.
Lego Building Blocks Room:
Start with building blocks today, graduate to skyscrapers tomorrow.
Stars, planets, comets…there’s a real, vast world out there. A world that goes beyond your tiny earthly presence.
The residential enclave Purva Palm Beach features the very best in Puravankara’s luxury living segment. The project offers spacious Apartments with luxurious features.
Beautiful landscapes all around Purva Palm Beach make it more special & Elite.
The builder has guaranteed to bring a quality living experience to the community of Hennur Road, North Bangalore with brilliant architecture and an equivalent lifestyle in Purva Palm Beach.
Purva Palm Beach Location has excellent connectivity & it is located at the crux of Hennur Road near existing and upcoming communities & facilities.
Amenities at Purva Palm Beach include a fully equipped clubhouse, landscaped gardens, gymnasium, swimming pool, recreation rooms, outdoor sports courts, children’s play area, party hall, and meticulously planned with utmost importance to state-of-the-art 24/7 securities.
Purva Palm Beach Floor Plans:
Q- Why should we consider buying a property in Purva Palm Beach?
- Project Location Hennur Road
- Total Land Area- 19.5 Acres
- No. of Units- 1323 Units
- Towers and Blocks- 19 Blocks, G + 19 Floors
- Unit Variants- 2,3 BHK
- Possession Time- Ready to Move-in total land area is 8.25 Acres.
Watch the actual video of Purva Palm Beach:
Q- As a man is said to have a right to his property, he may be equally said to have a property in Purva Palm Beach which a property seeker should buy?
Current condition: – All of the mentioned below are under construction.
|TYPE||SUPER AREA (in square feet)||All-in Value|
|2 Bed Apartment||1232 TO 1348 SFT||84 lacs Onwards|
|3 Bed Apartment||1482 TO 1846 SFT||1.11 Cr Onwards|
Purva Palm Beach Review Video:
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 Purva Palm Beach: –
The following are the various amenities offered by Provident Woodfield to its residents: –
- Landscape At Podium Level
- Swimming Pool & Snorkeling
- Fish Tank View From Swimming Pool
- Wave Pool
- Koi Pond
- Palm Court
- Beach Volley Ball Court
- Barbecue Party Deck
- Children’s Play
- Entry Court
- Walk Way
- Kids Pool
- Koi Feeding Deck
- Observation Deck
- Sand Castle Pit
- Water Cascade
- Palm Island
- Bridge Across Lagoon
- Sunken Bar
Master Plan of Purva Palm Beach :
For Site Visit & Queries Call +91- 9172055685
You can watch the actual videos of other Residential Projects in Bangalore Click here
We have some other options of residential projects for you in Bangalore Click here