Bangalore's luxury residential market has seen a significant rise in demand in the last few years, and it has been evident since the fourth quarter of 2021. The continuance of remote work has resulted in a boosted demand for 3BHK luxury apartments and the above arrangements in luxury homes in Bangalore. Despite the COVID-19 pandemic-instigated financial crunches and employment insecurities that clamantly affected the realty sector, Bangalore's online luxury apartment search trends for 2022 are supported as a beacon amidst a tragic reality. Following the COVID-19 pandemic, a preference for homeowners' choices to a holistic lifestyle was seen, prioritizing both sustainability and well-being. Recent property trends have also shown that southern cities prefer more extensive (above 4000 sq. Ft.) self-contained homes. Bangalore alone contributed a substantial chunk of (more than 30%) the total demand for luxury apartments.
While the area has always been a significant factor governing home buyers' choices, what transformed is that despite the availability of 3BHK and 4BHK flats, more people started getting attracted towards independent houses, promoting the trend of luxury homes in Bangalore. While the market share for luxury homes reflects the upper-middle class demography, including nuclear or joint families with a stable income, the specific hike in need for independent houses shows the buyers' strong desire to buy multi-storied, well-facilitated and gated apartment properties, providing them with complete ownership and privacy.
Whitefield is one of Bangalore's most rich locations, home to many prestigious tech firms, multinational companies, and international technology parks. Because Whitefield is less crowded and well connected to the rest of the metropolis, it delights a steady home demand. Additionally, given the multicultural working people of Bangalore, independent homes are a golden opportunity for realty investors to put them up for short-term and long-term rent. In East Bangalore, Whitefield has various completed and upcoming premium residential projects.
The presence of multiple educational institutions, hospitality, entertainment venues, and the upcoming metro links is one of the primary reasons for the rapid growth of residential apartments in this area. This area's residential landscape includes luxury villas in Bangalore, independent homes, townhouses, and various designs, so people chose this location for premium apartment purchases in Q1, 2022.
Prestige Serenity Shores is the latest wealthy, luxury residential expansion project by the famous real estate developer, The Prestige Group. This elite project is located in Whitefield's forthcoming, trendy, and rapidly-developing locality. Until recently, this area was just a sleepy, often overlooked, footloose village on the city's outskirts. The residential project features 1, 2, 3, and 4 BHK luxury apartments in dimensions varying between 905 Sqft and 2882 Sqft. It is set on 102 acres, and the abodes are Vaastu-compliant, flawlessly ventilated, and abundantly lit units with the best amenities and facilities.
Prestige Group is one of the most famous home builders. Prestige White Meadows is the best project from the Prestige Group. In Whitefield, Prestige White Meadows comprises four buildings and more than 60 villas and bungalows on one of the city's most beautiful and picturesque hills. Prestige White Meadows is one of the finest homes in Bangalore because it has many conveniences built to international standards.
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.
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.
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.
Disclaimer: Any content mentioned in this website is for information purpose only and Prices are subject to change without notice. This website is just for the purpose of information only and not to be considered as an official website.