Bangalore sees spurt in villa projects

Unlike earlier, over 15 developers including leading players are now focusing on villa developments due to the growing demand for lifestyle villas in Bangalore. The stiff competition has put pressure on prices, thrust on amenities hitherto unheard of and focuses on neighborhood selection all of which are becoming essential ingredients while developing and marketing villa projects in the city.

Boost for the Bangalore Suburbs

Close on the heels of the State cabinet's decision to clear Phase II of the Namma Metro project, Asia Development Bank (ADB) in what can be seen as a first in the country, has agreed to disburse USD 250 million directly to the Bangalore Metro Rail Corporation Limited (BMRCL) without a guarantee or routing it through the government.

The ADB has agreed to disburse the loan directly after being convinced of the Metro Rail project's financial viability, having conducted a study on the various facets of the Metro for nearly two years. This gives a shot in the arm to the BMRCL which is at various stages of construction of Phase I of the project.

Properties near Bangalore Airport to see appreciation

The six-lane elevated 3.72 km road over the existing road to the international airport has changed the topography of the area. This elevated project by the National Highway Authority of India (NHAI) is at various stages of construction from Hebbal to the Yelahanka railway-under-bridge. Estimated at a cost of Rs 608 crores, the toll rates on this route will be revised once the project is completed and the drive to the airport becomes seamless and signal-free.

Though the elevated project is not continuous and runs only up to a distance of 3.72 km, the remaining 4-5 junctions on this stretch will have either flyovers or underpasses. At least two flyovers, two underpasses, one pedestrian underpass and one cattle underpass will be constructed on this road by the NHAI.

Puravankara Seasons Launched in CV Raman Nagar, Bangalore

Puravankara launched its much awaited super-luxury project ‘Purva Seasons’ in Bangalore. The project is located in CV Raman Nagar and institutes the idea of ‘24+ hours Lifestyle’.

Purva Seasons is based on maintaining peace and tranquility within the hustle and bustle of modern city life.

NRIs Seek Stability With Indian Real Estate Investments

Recently an acquaintance – a fund manager by profession – relocated to India to set-up a domestic PE fund here. He had invested in a Mumbai residential property strategically located close to the primary business district and an international school for his kid. This investment, done a few years back, helped him crystallize his plans for relocation to India and start his venture without spending time in finding the right location, house and school.

What I found most interesting was that he had not even considered eventually relocating to India when he bought this apartment. He had simply done it for investment five years previously.

'77 Degree East' Signature Villas Launched

Divyasree, a well known Bangalore-based developer has launched its exclusive presidential style signature villas, 77 Degrees, off Old Airport road in Bangalore.

The exclusive villas are priced at INR 50 million ($ 1 million) and above.

For further details and to pre-book your dream home, contact sales@themoneyestate.com

Nitesh Estates to launch 22 acre Villa Project in Bangalore

TheMoneyEstate.com team has learnt that Bangalore based real estate developer Nitesh Estates is set to launch a 22-acre villa project in North Bangalore in the next 2-3 months.

Watch this space for more details.

For pre-launch offers, write to us at sales@themoneyestate.com