Buying a home is one such dream that everyone cherishes. Once you have sufficient funds, you should go to seal the deal. Ideally, you may book an apartment or house anytime if you have enough funds at your disposal. But the present condition in the aftermath of Covid-19 is ideal for buying a house. The pandemic has significantly affected the Indian real estate market. The prices of residential projects have been corrected across Indian cities. With the Government policies strongly focused on boosting demand and keeping the home loan interest rates low, the time is suitable for home buyers and potential investors to enter the market. COVID has also changed buyers' perception, who now consider the home an essential component of comfort, safety, and security. The rising popularity of Work from Home has further catalyzed the preference for buying bigger homes or switching to larger houses.
A dream home can eventually become a reality in the current scenario, given a buyer's positives. The Covid-19 pandemic second wave, and the strict lockdown that states implemented, have generated a situation where real estate builders are sweetening the deal to the maximum. It is not only about attractive pricing but also other things that make it an 'advantage for property buyers.' Home loan interest rates are at lows now, making it even more alluring for home seekers to move ahead and buy their dream home'. As market fluctuations adapt to the new normal, and people adjust to the reality that pandemic will be around for some more period, work and studies from home make an alluring case for existing owners to switch to a bigger home with larger space, while old renters are seeing the safety that residing in one's own home offers. These crucial factors have impacted the demand side of real estate.
In sync with the surge in demand for homes, unsold inventory in the residential portfolio is getting liquidated in between the rising demand, which encourages builders to rework the prices of such unsold projects. The regulatory framework of RERA has brought about safety and transparency in the real estate sector. It is a central 'plus point' for home buyers, which is safe, secure, and transparent for the investor and buyer. Adding to this point, some state authorities have reduced circle rates and are primarily to reduce stamp duty rates. The COVID vaccination process's significant positive impact on the economy is not as fast as we would have admired, but it is gradually happening. And it should very soon witness 'near normalcy' returning to the offices. The current scenario of 'advantage property buyers' will change quickly. These vital factors make it the ideal time to buy one's 'dream home.' Over the last few months, despite the second pandemic wave, residential property sales have hit record highs because of the factors mentioned above.
If you plan to purchase your dream house, this is the ideal time to buy your dream abode with low rates, low stamp duty and registration charges, low-interest rates, and other benefits. Many youngsters see the advantage in the proposition that it's good to start early regarding the most important investment of their lifetimes. The Covid-19 pandemic has significantly affected the Indian economy, and the housing sector is no exception.
Prestige Serenity Shores is a pre-launch residence by the Prestige Group. Prestige Serenity Shores, a contemporary apartment building, is a part of the Prestige Lakeside Habitat on Whitefield Varthur Road. Luxury apartments with 1, 2, 3, and 4 bedrooms are available. The apartments' sizes range from 905 square feet to 2882 square feet. The residences are 102 acres with first-rate amenities and services, are Vaastu compliant, optimally ventilated, and brilliantly lit.
Whitefield is one of Bangalore's thriving real estate neighborhoods with first-rate infrastructure. The project is close to major business parks, retail stores, and educational institutions. The area has several business hubs, including IPTL and EPIP Zone. The project is a great place to live because it is close to prestigious MNCs like iGATE, TESCO, and SAP.
The Prestige Serenity Shores is situated next to the Whitefield-Sarjapur Main Road in the luscious Gunjur in the Varthur Hobli neighborhood of East Bangalore. Every habitat on-site has a picturesque view of the property, which overlooks the well-known Varthur Lake. The project's gorgeous flora and welcoming surroundings give the esteemed residents a new lease on life.
The project is close to active commercial areas, job parks, industrial catchments, centers for education, and healthcare facilities. In-housing several IT and ITES companies, the EPIP Zone and International Tech Park Bangalore (ITPB) are close to the project's location. Numerous amusement harbors and well-known restaurants are located close to the municipality. The Forum Shantiniketan, VR Bengaluru, Inorbit Mall, and Phoenix Marketcity are just a few retail centers close to the project's location. Whitefield Railway Station is the one nearest to the area. The upcoming completion of the Whitefield-to-Namma Metro Rail line will allow quicker commuting.
The Prestige Group in Bangalore is developing the futuristic residential development known as The Prestige City, located off Sarjapur Road. On 180 acres, this cutting-edge city is made up of apartments, villas, and plots. A renowned architect designed the smart city, which was reviewed in the best pricing range and is located in a prime location. In Bangalore's Sarjapur Road, Prestige City is a gated neighborhood project with 12 million square feet of construction. 7000 1, 2, and 3 BHK apartments make up this township. The project also houses 808 plots and 140 villas. Elegant villas are located on 20.3 acres, and on 50 acres are superbly designed residential structures.
Prestige Waterford is another venture of the Prestige group. The goal of the futuristically designed Prestige Waterford project is to provide a modern home for someone who desires a high-class lifestyle. Prestige Waterford, which is located east of Bangalore Whitefield, consists of 689 roomy, well-built 3 and 4 BHK apartments spread across a massive 16 acres of land in 7 gorgeous buildings. Apartments with three bedrooms start at Rs. 1.42 crores. Numerous advantages come with this Prestige Group apartment development, including a prime location, a pleasant and comfortable lifestyle, first-rate amenities, a secure environment, and high potential. A luxurious pre-launch property called Prestige Waterford is perfectly constructed on ECC Road in the center of Whitefield in East Bangalore. The Prestige complex incorporates a tasteful and well-planned layout of superbly useful landscapes and surroundings.
The Prestige Group is currently developing the futuristic project Prestige Jindal City. It provides 1, 2, 3, and 4 BHK flats and is located on a 32-acre plot of land off Tumkur Road in Bangalore. A residential wonder called Jindal City would provide 3571 dwelling units. The building is on Tumkur Road. The metro station is right close to the most celebrated project, Prestige Jindal, which connects all areas of the city. One of Bangalore's most popular apartment complexes, according to prominent real estate firms, is the best project in West Bangalore. In Prestige Jindal City, there are four different types of apartments offered. 1 BHK, 2 BHK, 3 BHK, and 4 BHK are the four different varieties. 3,571 smartly designed residences are available in various sizes.
An elegantly situated apartment complex by the name of Prestige Primrose Hills is now under construction on Kanakapura Road in South Bangalore. It provides 1680 units of 1 and 2 BHK homes over a 15-acre area. Fifteen buildings, each with 14 stories and 1 and 2 BHK, make up the complex. A 1 BHK Apartment is priced at Rs. 35.45 Lakhs. The well-known builder from South India has now entered Bangalore's market for affordable housing with this modest apartment. This property, which covers a sizable 15.93 acres of land, aims to redefine the phrase "home dear home." In Prestige Primrose Hills, you may select from one or two-bedroom houses that are surrounded by verdant vegetation and a tranquil setting. This new launch project, which spans 15 towers, was masterminded by Venkatraman Associates. In this gated community, there are floor designs with 1 and 2 bedrooms available. Homes with one bedroom range in size from 572 to 589 square feet. Apartments with two bedrooms typically have 867 to 986 square feet. The best amenities have been provided by Prestige Group so that residents can live comfortably. One of the oldest and most well-known real estate developers in Bangalore is Prestige Group. For the residents of Bengaluru, it is credited with building some of the city's most beautiful landmarks.
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