Why Amenities and Open Spaces are Important in Residential Real Estate



Why Amenities and Open Spaces are Important in Residential Real Estate


In addition to being interested in a great property, buyers consider amenities like open space when making an investment decision. For a very long time, builders have depended on the quality of newly built homes to draw buyers and ensure the success of their projects. Recently, the trend has changed, and customers now want more than just quality. Homes with the required amenities installed and open space reserves are more likely to be purchased by clients (OSR).Is this a trend that's changing? Not necessarily. A typical buyer prefers a house over a condo because a home has more open space and the amenities they need for a modern feel. But as more buyers insist on these criteria as a necessity for their purchase, the trend has intensified.

Thanks to urbanization, people from small towns and villages can now live in large cities. Many middle- and upper-class residents of smaller towns are accustomed to living in houses of all sizes with lawns, verandas, greenery-filled compounds, and other outdoor spaces. When people relocate to cities in search of jobs, they want their homes to have a similar feel. Hectic work schedules have led to rising stress levels. Combined with jam-packed traffic conditions and increasing pollution levels, these factors contribute to a very stressful and chaotic way of life. Owners of homes look forward to staying in places with open spaces and the amenities they need to relax and reduce stress. Parks and multipurpose halls are great places to socialise with others in the neighbourhood and meet new people.

As homebuyers seek out properties with amenities and green space, it only highlights the advantages they stand to gain from such a provision. Live, Work, and Play is the central concept for recent homebuyers. Diverse demographic engagement is also a problem that amenities and open areas address. Older adults can stroll in the park to get fresh air while children use the play areas. Swimming pools and gyms are available for both amateurs and professionals to use. A property with amenities and open spaces has something for everyone. 10% of the total property area must be set aside, per the National Building Code of India, for creating open spaces or open space reserves. Developers are required to set aside this amount of space under this mandate. However, this rule is occasionally broken because of a lack of available land and other issues.

While it's normal for buyers to be interested in amenities and open areas, they should keep in mind that the more amenities a unit has, the more it will cost, so buyers should be ready to pay more. The project must be planned, designed, and executed by the developers with all the necessary amenities and open spaces. Residents will experience time constraints and challenging mobility as cities become more crowded and congested. One way a property can differentiate itself from the competition is by offering the missing piece of social and recreational needs for residents in the form of necessary amenities and open spaces.


Prestige Serenity Shores



Prestige Serenity Shores


Within the Prestige Lakeside Habitat on Whitefield, Varthur Road, is the futuristic residential apartment complex known as Prestige Serenity Shores. The location offers premium apartments with 1, 2, 3, and 4 bedrooms ranging from 905 square feet to 2882 square feet. The homes situated on 102 acres are Vaastu-compliant, perfectly ventilated, and abundantly lit residences with first-rate amenities and facilities.

One of Bangalore's real estate hotspots with outstanding infrastructure is Whitefield. The project is a great place to live because of its proximity to prestigious MNCs like iGATE, TESCO, and SAP. Leading educational institutions, business parks, and shopping centres are conveniently close to the project. Business hubs like EPIP zone and IPTL are located in this area.

Prestige Waterford



Prestige Waterford


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 City



The Prestige City


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 Jindal City



Prestige Jindal City


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.

Prestige Primrose Hills



Prestige Primrose Hills


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 Group Blogs



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.