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Submitted by: Akanshatyagi Tyagi
Prestige construction as a firm has formed a niche for itself in creating high class deliverables that are at vast locations and as well as bring large value for money. The fact that the prestige construction has won many accolades in the real-estate development is just a judgment that further fortifies the fact that the firm is a trustworthy name in the real-estate market. Thus purchasing an apartment in Prestige Sunrise Park can make sure that you get vast returns for your money as you are dealing with most well-known brand of south India with great locality and aesthetically appealing project.
Prestige Construction owes its origin to who envisioned an achievement waiting to take shape in the retail business in 1956 itself. Prestige Estates and Properties was setup in 1986 growing swiftly to turn out to be the most important real-estate developers in Bangalore. Prestige hosts some of the main MNCs in business here with residential, commercial, retail and hospitality developments on the cards approximating 61.4 million square feet just in region. An attendance in the retail sector with multiplexes and malls, Prestige has built for itself a name in real-estate expansion prestige Sunrise Park residential flat boast of many facilities such as beautiful landscaped garden, exotic swimming-pools, kids games region, a stylish club-house, multipurpose halls & ample car-parking region with 24 hour security system.
These whole set of facilities in place Prestige Sunrise Park in a cheering spot where it is the usually preferred and essential locality for people who are looking to obtain house in Bangalore city. The Bangalore market saw absorption of 6,519 units in 2Q13 against 6,689 units in 1Q13. Unsold stock in 2Q13 totalled 50,184 units in 2Q13 as compared to 46,823 in 1Q13, reflecting a vacancy rate of 53.4%, down from 54.2% in 1Q13 supply A total of 21 residential projects were launched across Bangalore in 2Q13, offering 9,889 units against 10,009 units in 1Q13. Meanwhile, eight residential projects comprising 2,319 units in various sub-markets were withdrawn from active stock as they were completely sold out.
The major projects launched in 2Q13 included Prestige Sunrise, Prestige Ivy Terraces, Shriram Sameeksha, Sobha Santorini and Brigade Begonia. Central (CBD) & Off Central (SBD) Low supply and high demand Due to low availability of large land parcels and high capital values, these micro-markets have seen a limited supply of residential developments. These markets have very good social and physical infrastructure. Nitesh Park Avenue, Prestige Kingfisher Towers, West court City view, ETA Beau Monde, 77 Degrees East, Sobha Indraprastha and Prestige Edwardian are some of the high-end projects in these micro-markets.
The demand for high-end residential units remains high in the North Bangalore region. Residential real-estate activity in North Bangalore has gained traction post the commencement of the Bangalore International Airport. The projects situated around Hebbal, Bellary Road and surrounding regions are in the luxury segment. North Bangalore is assured to be the next economic centre of Bangalore proximity to the International Airport and planned social and the physical infrastructure in the North have boosted development in the region. Embassy Lake Terraces, RMZ Latitude, Karle Zenith, Equinox, Embassy Boulevard are some of the high-end projects in the North Bangalore.
Proximity to the International Airport, planned infrastructure such as the Elevated Expressway (Bellary Road), High Speed Rail Link, Bangalore Metro Rail, etc. has been the major development drivers for residential development in North Bangalore. Also, the Government is aggressively promoting this region for future economic activities. The planned Information Technology Investment Region (ITIR) near Devanhalli, Aerospace SEZ planned near the International Airport and the proposed Devanhalli Business Park are the key drivers for residential development in North Bangalore. Some of the prime developments in North Bangalore in the mid-segment residential category are Prestige Misty Waters, Hiranandani Glen Gate, Brigade Altamont, Mantri Webcity and Sobha City.
About the Author: Property Mart is Leading Real estate Consultant in Bangalore Prestige Temple Bells Bangalore,Prestige Temple Bells Details from past couple of years offering to Book Prestige New Projects in Bangalore. For Booking Call us on: @ +08971315026 and Visit Out official site
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