What Does it Feel like to Own Land in Prestige Park Drive?

Prestige Park Drive is a plotted development consisting of 468 plots spread over a total area of 28 acres and is the latest upcoming development from the Prestige Group. Located off Bellary road, the thoughtful planning and attention to detail that has gone into this development is truly phenomenal. Careful thought has gone into the planning of varying configurations of plot sizes, such that they meet every conceivable budget and space requirement of the potential buyer. There is a strong emphasis on aesthetics and design in terms of the architecture as well as the landscaping of the entire project. Owning a land in Prestige Park Drive will definitely impart a sense of living in luxury and sophistication beginning right from the entry into the development through the neo classical grand entry way. Myriad design features pepper the entire development and the project prides itself on its aesthetics, be it the Emperian circle and tree and plant lined pathways that criss-cross the development, to the Buddha mural, the Elysium circle of murals, and the numerous beautifully designed water features that abound in the project. This attention to aesthetics is also seen in the street lighting that is designed to enhance the features of both hard scape and soft scape. Outdoor seating areas allow one to soak in the beauty of the development as well as the tranquillity. There is an abundance of verdant spaces and various gardens with care taken to position planters and green strips even along the inner pathways of the development, adding to the sense of communing with nature. The development also prides itself on being eco-friendly, with an organic waster convertor, rain water harvesting pits, and 30% of street lighting in the township are powered by solar energy, which is something that the discerning buyer of today is looking for. The project hosts a wide array of amenities designed for sports, recreation, and leisure and is located within easy access from medical institutions, educational institutions, and major areas of employment. Owning land in Prestige Park Drive will undoubtably bring a feeling of living in the lap of luxury away from the commotion of city life, while still being able to enjoy all creature comforts.

Six Essential Points to Evaluate Before Purchasing Your First Home

Having a home to call one’s own is one of the most fulfilling feelings in life. This decision though is not one to be taken lightly and a number of factors have to be taken into account before investing in a home. Here are six essential points to evaluate before purchasing your first home:

The location is of utmost importance in choosing a home. This includes the existing infrastructure in the area, the upcoming development of the area, and also the security in the locality. This also includes ease of commute to and from other localities and to and from places of employment.

The civic and social infrastructure of the area is also paramount. Does the locality have medical care and educational institutions? Also of importance is the question of what are the civic and other social infrastructure development projects currently coming up in the area and what are the amenities provided by the developer.

The real estate development company also comes under the purview of essential points to consider. A trustworthy developer is utterly important as it is absolutely important to have someone who does business by the letter of the law and ensures that all documents are in order, appropriate approvals are taken, and everything is above board and legal requirements are all met.

The type of home is the next essential point to consider, whether it is an independent home or an apartment and what size it is. Clarity right at the beginning on the type of home you are considering investing in will help make things smoother as the process of looking at prospective homes begins.

Another essential point not to be taken lightly is whether you are buying the home as a place of residence or as an investment or be given on rent. The decision on what type of a home to invest in lies solely on this.

Finance schemes from the financial corporations offering loans to potential investors is also highly important and sound decisions have to be made on the scheme to avail of and the repayment plans.

Why RERA is Important in buying Properties in Bangalore

The Real Estate (Regulation and Development) Act is an act passed by the Government of India that seeks to protect the investments of potential home buyers and also seeks to boost investment in the real estate industry. This act serves to create equitable and fair transactions between developers and buyers, which hitherto have been more in the favour of the developers. This in turn will hopefully make the process of real estate purchase simpler for the buyer and also bring in transparency and accountability into the process. RERA is the first Indian regulator for the real estate industry and this specifies a number of compliances that the developer has to adhere to, making the process much simpler and transparent for the buyer. Among these compliances are no launch or advertisement of the development before RERA registration; sharing of information about project plan, layout, status of land title, and government approvals with the buyers; information to the allottees of residences about any additions or alterations in the construction; and, an increased assertion on timely completion of the project, among others. This act moves to provide a unified legal process for the purchase of real estate in the country and is a move to standardize this process across the country. Through this act, it is now mandatory for developers to disclose the carpet area of their constructions and not just the super built up area. This serves to give the buyer a more definite idea of what the actual space of the home will ultimately be. RERA registration is mandatory for any developer that is planning to develop a residential or commercial project on land that is above 500 sq meters or if the proposed total number of apartments in all phases is more than eight. RERA is absolutely a must if investing in property in Bangalore as the Karnataka RERA rules were approved by the government in 2017 and are strictly enforced in the city today and every developer has to compulsorily register before launching their projects to the public.

Real Estate trends in IVC Road

IVC Road is an emerging hotspot for real-estate investments in Bangalore. The establishment of Bangalore International Airport at Devanahalli of North Bangalore has set new real-estate ambit for regions in North Bangalore. The IVC – Bellary Road has immensely benefitted from this new-found development. The infrastructural activities in this area have set positive amplitude for investors in residential and commercial properties with affirmative scope for swift value appreciations and growth. As per the latest survey by leading Property Analysis firm, following prices have been quoted based on the cumulating numbers of the listed properties. The price of the properties in IVC Road starts at a price quote of around INR 15 Lakhs. The average property price in IVC Road is quoted at INR 50 Lakhs as compared to average property price of the city being quoted at INR 1.05 Crores. The highest quoted price for a property in IVC Road is cited to be INR 95 Lakhs. The investor can use this data analysis to have a quick sneak peak at the property trends prevailing in IVC Road. The residential ambience at IVC Road is rated as 4.0/5 coupled with good community amenities. The micro-markets at IVC Road are self-sustainable with well established civic amenities to include reputed schools, colleges, grocery marts, supermarkets, community gardens & Parks, banks, pharmacies, health-care facilities, restaurants and employment hubs. The physical infrastructural framework includes good, wide roads, flyovers and underpasses. The connectivity of IVC Road to other parts of the city also plays a vital role in quick expansion of this region. IVC Road lies in close proximity to prime areas like Hebbal, Devanahalli, M G Road, Brigade Road, Shivajinagar, Majestic, Yeshwanthpur and Malleshwaram. The IVC Road has a direct arterial link to connect the Kempegowda International Airport and three of the important highways that connect to Bangalore - Bellary Road (towards Hyderabad), National Highway 207 (towards Hosakote) and Tumkur Road (towards Mumbai).The area includes many sophisticated residential communities by top real estate construction brands featuring various housing forms like luxury apartments, villaments, row houses, pent houses, studio apartments, residential plots and duplex homes among others available at affordable price ranges.

Best Plotted Development in IVC Road

IVC Road is a major part of ‘Hosa Bengaluru’ – the new name for Northern stretch of Bangalore city. This stretch extends into the epicentre of development equipped with many prime residential and commercial establishments that are shaping up in this part of the city. Prestige Park Drive is an upcoming residential venture by Prestige Groups coming up in well-settled neighbourhoods off IVC – Bellary Main Road. This Plotted Development Township is being developed on a massive land enclosure of 28 acres and features close to 468 residential plots of various size spectrums. Park Drive is excerpted to be one of best plotted-development launches of North Bangalore and is getting significant appraisal in the property development market of Bangalore due to its close proximity to Bangalore International Airport and the corresponding Business expansions that are advancing in the vicinity of KIADB area. Prestige Park Drive features plots of various size configurations - 111.508 metres (9.14 m X 12.20 m), 138.928 metres (9.14 m X 15.20 m), 223.26 metres (12.20 m X 18.30 m) and other odd sized plots. The project is RERA approved with RERA acknowledgement number of PRM/KA/RERA/1250/303/PR/210219/003940. The premise includes all essential physical framework like Electric lines, tarred roads, water supply pipelines, seating courts, pedestrian walkways, drive-in pathways, LPG Pipelines, STP facilities, UGD facilities, hi-tech security monitoring systems, O H T, street light facilities, well planned parking arena, D G Set, in-housing water purification units, waste management & segregation facilities and rain water harvesting pits among others. The project offers various community, recreational and leisure amenities like Clubhouse, Swimming pools, outdoor party zone, tree-lined walking pathways, gardens, parks, seating courts, multi- purpose hall, cafe, saloon –spa, provision for convenience stores, senior citizen zones, children’s play areas and crèche to name a few. The community also offers various sports activity platforms like badminton court, basketball courts, cricket pitches, volleyball court, squash courts, cards room and billiards. Prestige Park Drive is inevitably one of the best projects to invest-in if you are looking for a worthy residential investment in and around North Bangalore.

Why is IVC road best location for investment

IVC Road spans over the Northern zone of Bangalore city and is swiftly sketching up to be an imperative location for property developments and investments. The real-estate scenario of IVC - Bellary Road has seen quick augmentation to include many landmark residential, commercial, retail and hospitality segments established by renowned real-estate brands of India. IVC – Bellary Road connects Tumkur, Hyderabad, and Doddaballapur to Bangalore International Airport of Devanahalli. The areas in and around the International Airport are previewed as hotspot destinations for investments and IVC Road is the front-runner in this sprint. IVC Road is geographically placed in close proximity to prime locales of Bangalore that includes Hebbal (approximately 7.5 Kms), Yelahanka (approximately 6 Kms), Shivajinagar (approximately 13 Kms), Majestic (14.8 Kms), M G Road (15.2 Kms), Brigade Road (15.4 Kms), Whitefield (28.2 Kms), Sarjapur – Marathalli Road (30 Kms) and Malleshwaram (10 Kms). The Kempegowda International Airport is just 12 Kms away from IVC Road. The Bangalore International Airport Area Planning Authority (BIAAPA) has outlined many important projects in area surrounding the Airport. Out of 14,627.63 hectares of allotted land, 7,284.34 hectares (49.80%) would be reserved for residential purposes. The industrial and commercial development has been reserved with 566.70 hectares (3.87%) and 470.33 hectares (3.23%) respectively. The upcoming developments around IVC Road includes Information Technology enabled services & Biotechnology (ITIR) Park, Special Economic Zones (SEZs), Devanahalli Business Park, Aero Space Park, Aerotropolis Airport City, Global Financial District, Medical Tourism Forums, Bangalore Turf Club (relocated), various hospitality projects and many renowned residential ventures by leading construction brands like Prestige, Brigade, Godrej Properties, Shriram Properties, Rohan Builders, Vaishnavi Groups, Manyata Developers, Puravankara & Provident Private Limited. IVC road is also in close proximity to Manyata Tech Park which hosts many Multi National Companies like are Fidelity Investments, IBM, Philips, Cognizant, Nokia Networks, L Brands, Lowe's, Cerner, Harman, Rolls Royce, Hudson's Bay Company, Justdial.com, Voonik, Northern Trust, GLOBALFOUNDRIES, Larsen & Toubro, NXP Semiconductors, Alcatel- Lucent, AXA, Nvidia, WSP and Target Corporation. The upcoming Namma Metro Rail project will soon extend to IVC Road giving seamless commuting- aid to various parts of Bangalore City. Considering all these infrastructural developments, IVC Road and its adjoining localities can be conveniently considered for property investments.

Why IVC Road is Best Location to Buy Apartments

IVC Road is the next big enterprise of Bangalore for property investments and this augmentation can be attributed to the ever expanding infrastructural activities that are planned by the state government in the vicinity f Bellary – IVC Road. The relocation of Bangalore International Airport from HAL Road to Devanahalli has also brought-in many major developmental frameworks that will soon shape up the North Bangalore zone, to grown into one of the best rated regions of the city. The land rates are swiftly raising in and around IVC Road and many major real-estate brands like Prestige Groups, Brigade Groups, Godrej Properties, Century y Groups, Ozone Developers, Salarpuria Sattva Groups, Puravankara, Provident Private Limited and Shriram Properties have vested their landmark ventures in various localities adjoining IVC Road. IVC Road is one of the best locales to buy apartments in Bangalore owing to its excellent social & physical groundwork with the right aid of seamless connectivity-factor to bridge other prime areas of Bangalore. The area has good number of schools, colleges, banks, hospitals, shopping malls, restaurants, pharmacies, entertainment hubs and employment avenues. Few of the top educational institutions in and around IVC Road are GKVK, Government Flying Training School, Government Veterinary College, Atria Institute of Technology, Rashtrothanna Vidya Kendra, Jain International School, Delhi Public School, Reva Group of Institutions, Canadian International School, Royal Concorde School, Malya Aditi International School, Bangalore International College, Vidya Shilp Academy, Trio International School, KNS Institute of Technology and Army Institute of Hotel management. Health care facilities like Columbia Asia Hospital, Cauvery Hospital, Baptist Hospital and Dhanvantri Hospital are in near proximity to IVC Road. IVC Road also has good connectivity to top employment hubs of North Bangalore. Manyata Tech Park – one of the leading IT Parks of the city hosting several Multi National Companies is located at very short drive distances from IVC Road (distance: 10 Kms approx with travel time of less than 20 minutes). The area has great growth potential with expeditious value appreciations in imminent future thereby making it an impressive real-estate harbour of Bangalore City.

Things to know before buying Apartments in IVC Road

IVC Road is an affirmative real-estate destination for property investments be it for commercial purposes, residential investments or for an end-usage objective. The region offers diversified property options to state-holders, property investors and end-user to befit various dimension spectrums and budget ranges. There are many ongoing, upcoming and pre-launched residential communities by top real-estate firms coming up in and around the neighbourhoods adjoining the Bellary – IVC Road that offer apartments, villas, penthouses, studio apartments, row houses, independent duplex homes, row houses, senior citizen friendly abodes, residential plots and other housing forms coupled with state of the art amenities and facilities. There are few important things one has understand before buying an apartment or any residential property in IVC Road and they are: First and most important point that needs to noted is to confirm if the property has all required approvals from the RERA Board and the City Development authorities. If the project is RERA approved, then the investor can be assured of safe & secured investments and hence RERA approval has be looked-up as the top most acquiescent factor for any property investments. Secondly, do a brisk analysis on the builder’s previous work, the quality of his projects, the project-completion time of the builder’s previous ventures and other vital information about the builder – this will primarily lead you into making better and safe decisions. Next, shortlist few apartment communities and compare the amenities they offer, the quality they provide, the size range they offer for the price quoted and conclude the best option that proffers your requirement. Finally keep a track on upcoming infrastructural developments that is prospected to come-up around the residential township you have finalised which will bequeath you an idea about the land value appreciations of the property you have invested in. IVC Road has attracted several investors off late, specifically after the relocation of International Airport to Devanahalli, which lies is close precinct of IVC Road. This relocation has also imported many notable investments and business expansions with cumulative investments exceeding INR 1, 15,000 Crores and is anticipated to create huge employment opportunities. These developments will positively impact the potential growth of the area and thereby aid in capital appreciations of the properties in and around IVC Road.