Best Upcoming Project in Bangalore 2021
Upcoming project is the most sought investment option in Bangalore due to affordability. Home Buyers look into the best developers while buying a house in upcoming projects
The Prestige City is the new upcoming project in Sarjapur.
Upcoming Projects
What are upcoming project ?
A new project which is yet to be announced are known as upcoming project in real-estate. Basically this projects are still in approval stage and builder or developer has submitted all the necessary document for government approval.
Advantages of Buying in New launch projects 2021.
There are many plus point when you invest in upcoming projects.
- These type of housing are more affordable, as developer has just bought property and planning is done.
- High Return on investment . As you get the apartments at much lesser price.
- Better Payment option : You have many options of repaying the loan in easy installment.
- Latest Design and New technology.
- Unit selection of your choice
High Return on Investment .
When you choose the right developer, one can expect a minimum return of 30 percent. Appreciation is guaranteed unless the builder doesn't deliver the project as said.
When we look at the investment we have done for the property it is very negligible.
Example of Buying the apartment in upcoming project :
Suppose a 3 Bed Room House in The Prestige City is worth 1 Crore rupees in . As this is upcoming property the investor has booked the apartment just by paying 10 Lakhs advance. Rest of the amount he goes for loan. After the launch he sells it for 1.3 Crore. That means he gets 30 Lakh rupees profit. Consider 5 lakhs rupees goes for settling the bank and builder. Just imagine the amount of return.
Real estate in Bangalore has grown rapidly over the years due to IT boom. Lot of farmers have become multiple millionaire by selling the land parcel . To meet the demand of housing, real estate developers buy land by giving exuberant price.
The Prestige Group - Best Builder in 2021
About Prestige Group :
When you talk about real estate in Bangalore, Prestige Group is the brand which comes to everybody's mind. Prestige Group is undoubtedly the best developer in Bangalore. They have many township project to their credit.
As mentioned in their about page, they have many upcoming project lined up.
“As of 30th June 2020, the group has completed 247 projects covering 134 million square feet, and currently has 45 ongoing projects covering over 53 million square feet, 56 square feet of upcoming projects, and holds a land bank of 262 acres with potential developable area of 27 square feet.”
One such prime mixed development project in Sarjapur road which is yet to be launched has got villas development.
Top 2 Upcoming Project in 2021.
The Prestige City
A township project by Prestige Group on Sarjapur road in east Bangalore with retail, apartments , plots and villas.
Sarjapur :
This is a village toward the east of Bangalore. It has become a major real estate hub due to close proximity to IT Hubs like Whitefield. Sarjapur
The Prestige City
Biggest Township Project The Prestige City in Sarjapur road will be launched in second quarter of 2021
Apartments : This mega development will have 5000 plus apartment of varied size. Looking into the scale of apartments, price will be kept competitively.
Villas : More than 150 plus villas
Plots : 100 Plus plots to build your dream home.
Prestige Park Drive.
A new launch in 2021 where 70 percent of inventory sold out within 3 days of pre launch.
https://www.slideshare.net/ThePrestigeCity1/apartments-in-sarjapur-road-wwwtheprestigecitygenin
https://medium.com/@prestigegrovep/explore-prestige-upcoming-projects-bangalore-ff4add056886
