The recent changes made by Central government like RERA and a surging GDP growth has highly affected the realty market and investors are more cautious when investing. While several parts of the country lagged behind some cities held steady and offered great investment options.
Bangalore has been one such stable market that gave its investors profitable returns. The growing commercial importance of the city and its expanding horizons aided in an influx of migrating populace into the city. The prospects of high-paying jobs are high in the city. The region abodes offices and other units of innumerable national and international brands that create demand for highly skilled workforce and skilled professionals. Prices of property in Bangalore are reasonable when compared to other metropolitans and investments made in the city look highly promising. The city outskirts are turning into investment hotspots for their low property prices and high growth potential. The rapidly growing cities population, well-paying jobs, and low real estate prices are Bangalore’s key into high profits as the preferred destination for property investment.
Property investment in Koramangala, Bangalore
Bangalore was once a quiet city that was considered an ideal residential location for retirees but with changing times today this city is the single fastest growing metropolis in India and is placed third among India’s most populous cities.Koramangala is one of the most sought-after residential destinations in the city. The city has posh residential colonies and major commercial zones. The regions retail and commercial growth makes investments in property in Koramangala very profitable. The region is surrounded well-developed localities of HSR Layout, Banashankari, and Basavanagudi. Well-connected to the rest of the city the region enjoys services of Intermediate Ring Road and Sarjapur Road. The locality enjoys well-established social infrastructure with prominent schools, colleges, hospitals and more. Major employment hubs in its vicinity are, Electronic City, International Tech Park, Embassy Golf Links Business Park, Embassy Tech Village, and RMZ Eco Space among many others. You can choose from a wide variety of apartments in Koramangala. With the area showing price appreciation of around 31% in the last one-year investments in the region for commercial or residential use is deemed to bring in great profits.
About Prestige Pine Wood
Developed over 2.5acres of prime land in Koramangala, Bangalore is Prestige Pine Wood. The project is a plush residential project being developed by the Prestige Group. The project compound shall enclose 256 expansive units divided into 3 tall and elegant towers. The 2, 2.5, 3, and 4 BHK units offered in the estate have sizes ranging from1249 sq.ft. to 2503 sq.ft. The prices of these apartments range from Rs. 1.31 crores to Rs. 2.62 crores. Amenities offered to the residents of this complex include, clubhouse, meditation centre, swimming pool, gym, restaurant, multipurpose hall, andkids’ play area among many others. Provisions have also been made for, power backup, rainwater harvesting, lifts, several sports facilities and more.