Bengaluru, also known as Bangalore. Bengaluru's thriving IT industry has earned it the nickname "Silicon Valley of India". The city is also famous for its natural beauty, with several green parks and gardens surrounding it. Its pleasant climate and booming tech industry have made it an attractive destination for people from all over India.
Bengaluru has many world-class educational institutions and healthcare facilities, making it an excellent place to live and work. In recent years, the real estate sector in Bengaluru has seen rapid growth, driven by the thriving IT industry and the presence of many multinational companies. There is a proliferation of tech parks, which has, in turn, increased the demand for housing.
| Type | Apartments |
|---|---|
| Project Stage | Prelaunch |
| Location | Bannerghatta Road, Bangalore |
| Builder | Prestige Group |
| Floor Plans | 1,2 & 3 BHK |
| Price | Updated Soon |
| Total Land Area | Not Available |
| Total Units | Upcoming |
| Size Range | Onrequest |
| Approvals | NA |
| RERA No | NA |
| Launch Date | Not Available |
| Pre-launch Date | Coming Soon |
| Completion Date | 5 years from launch |
| Possession Date | NA |
The real estate sector in Bangalore has witnessed rapid growth in recent years. Compared to other Indian cities, Bengaluru has a relatively low cost of living, making it a favourite destination for those looking to invest in real estate.
Some of the most expensive areas in Bengaluru include Basavangudi, Bannerghatta road, Indira Nagar, Jayanagar, Frazer Town, and HSR Layout. Other regions that have witnessed high growth and development include Whitefield, Sarjapur Road, Bellandru, Panathur Main Road, KR Puram, Banashankari, Electronic City, Hennur Road, Thanisandra, Hebbal, Yelahanka, and Devanahalli.
The real estate value in Bengaluru is expanding due to various factors, such as the thriving IT sector, startup culture, and infrastructure development. Property developers are constructing high-end and spacious homes to fulfil the increasing demand for quality homes from homebuyers. As per a report, Bengaluru is currently the country's fourth most expensive residential market, and its affordability index increased from 26% to 28% in the third quarter of CY22.
However, it is uncertain whether the rising property prices in Bangalore will continue in 2024. Some factors could soon lead to a decline in prices, such as the Karnataka government increasing the land available for development in Bangalore, which could increase the housing supply. Bangalore's thriving economy makes it one of the most sought-after cities for employment opportunities.
The city attracts expats from all over the world and within India. Investing in land in Bangalore is always advisable as it produces higher income with low capital or risk. The best localities to buy land in Bangalore are Hebbal, Bannerghatta Road, Sarjapur Road, Whitefield, Tumkur, etc. Apartments in Bangalore are expensive for several reasons, such as the city being a major hub for information technology and startup companies. This has led to a significant influx of people moving to the city for work, driving up the demand for housing and prices.
Bangalore has a large migrant population, making investing in rental properties a good and stable source of income. Bangalore City offers a better standard of living, livelihood, and a modernized lifestyle, making it a good option for investment. The future of real estate in Bangalore looks promising, with the rise of smart homes, sustainable buildings, co-living spaces, and technology integration significantly changing the city's real estate market by 2024.
Prestige Park Ridge is a residential project by Prestige Group on Bannerghatta Road in South Bangalore. This project offers high-rise apartments in three sizes - 2 BHK, 3 BHK, and 4 BHK. The project spreads over 25 acres and comprises 1119 units across 12 towers with 18 floors each. Every apartment is designed to provide ample space and natural light. Prestige Park Ridge has more than 70% of open space, making it an ideal place for peaceful living. The project has several modern amenities, including a Clubhouse, Gym, Swimming Pool, Walking Area, Meditation Zone, Health Club, Sports Courts, Indoor Playroom, Multipurpose Hall, etc. The expected possession date for this project is 2027 onwards.
