Latest Projects in Bangalore

The Karnataka government has been at the helm of things in attracting interest from many large real estate Bangalore developers for the 106 acre, Rs.350 crore biotech park projects in Bangalore. The proposed "Helix" park located in Electronics City Phase 3 has its goals clearly cut out. It aims to attract biotech companies, including startups, by providing infrastructure such as office space and educational and research facilities within the vicinity.

Similarly, there is no dearth of projects funded by FDI in India's real estate sector. Vancouver-based Royal Indian Raj International Corporation (RIRIC) is investing $2.9 billion in a single real-estate project named Royal Garden City in Bangalore over a period of 10 years. Originally called Jagdish Tytler's NRI City, it has a retail value of $8.9 billion. It can easily be one of India's largest FDI projects and Asia's largest new city development till date.

This exclusive city will be located 20 km from downtown Bangalore in the direction of the proposed international airport. Knowledge City is being developed specifically to meet the requirements of the IT industry's growth in Karnataka.

The Knowledge City will be connected to the upcoming Bangalore International Airport by an eight-lane highway. Once completed, it will connect the airport and the Knowledge City in as short a time as a 30-minute drive. Integrated township, which would have office space, residential colonies, hospitals, shopping malls, schools and all the required amenities have gone down well with customers as well as developers.

Companies setting up shops also believe that employees must reside in the complex, which will result in less congestion in Bangalore city. The government has conceived development of more satellite towns in and around Bangalore that can help ease its congestion and relieve pressure on its infrastructure Bangalore is especially hot in the residential market. Some top end projects aimed at NRIs in Bangalore are Prestige Shantiniketan, Puravankara Fountain Square, Prestige Ozone, and Orchid Green.

Homes in these developments will set you back by $70,000 to $350,000. They boast imported wood and fittings and above all offer exclusivity. The projects have features like squash courts, health spas and other luxury features. Prestige Shantiniketan is another property which sold out like hot cakes. Thirty-five to forty percent of the buyers constituted NRIs.

A project called Lifestyle Habitat is a marvel; 60 percent of its inventory was sold within four months of launch. It is modeled after the Malaysian Petronas Towers and comprises 24 floors and 100 units. Buyers in Lifestyle Habitat are from Singapore, Nigeria, Djakarta and the Middle East. It is the U.S. based Indians though, that has a taste for luxury apartments and independent villas with facilities.

The concept of independent villas has so mesmerized people that projects by developers such as Sobha, Brigade and Mantri have attracted considerable buyer attention. They have all the trappings of world class amenities coupled with the comfort of a home. Gymnasium, shopping malls, medical facilities, and tennis courts are a given.

• Lifestyle Residential Project in Bangalore - Royal Garden Villas and Residential Resorts is another lifestyle residential project in Bangalore promoted by the Royal Indian Raj Corporation. The project will enclose a Jack Nicklaus Signature 18-hole championship golf course, tennis courts, a 5-star hotel, a supermarket and a winery, pub and microbrewery, amongst other luxuries.
  
  Luxury villas and apartments in Bangalore’s latest project will offer a Tuscan Italian lifestyle with a choice of 2 to 5 bedroom apartments ranging between 1000 and 6000 sq. ft.

• Disclaimer
• Contact Us