Project in Focus: Palm Beach by Puravankara, Bengaluru
As Bengaluru continues to attract large crowd of migrants and investors, several micro markets are consequently emerging as promising real estate destinations. Hennur Main Road is one such area. The corridor connects Kannuru in north Bengaluru to Bangalore East railway station and passes through popular localities like HBR Layout, Narayanapura, Banaswadi and Kalyan Nagar.
The renowned Puravankara Projects Ltd. has launched a residential property named Palm Beach in Narayanapura.
Propguide explores the major features of the property:
About the property
Project RERA ID: PR/KN/170729/000091
With a sprawling area of 19.5 acres, the residential property is situated in an emerging residential hub of Bengaluru at Narayanapura. Construction of the project is underway. It was launched in June 2014 and will be available for possession by July 2018. A total of 1323 apartments of 2 and 3BHK configurations is available, with modern interiors designed to provide comfort that match international standards. The unit sizes vary between 1,232 sq ft and 1,804 sq ft. In addition, residents have access to several contemporary amenities encompassing:
The developer
Puravankara Projects was established in 1975 and has extensive experience in development of residential properties including affordable homes and high-end luxury apartments as well as commercial properties. It has successfully delivered 36 projects spread over 7.80 million sq ft and around 88 million sq ft are planned for construction.
Neighbourhood
Once a small village, Narayanapura is now fast developing as a residential hub. It is well connected to other areas of Bengaluru and promises an urban lifestyle for buyers. The locality has recently witnessed new construction of mid-segment projects with ample availability of ready-to-move-in properties.
Connectivity
Nestled along the Hennur Main Road, Narayanapura enjoys connectivity via a comprehensive network of roadways and railways. Local transportation is provided by BMTC buses. The area was once chosen for the development of the proposed Narayanapura Metro station, but later removed. But the nearest metro connectivity will be provided along the purple line linking Byapanahalli to Whitefield. The area is easily accessible from the international airport.
Social infrastructure
Recognised by major landmarks viz. SAT Sports Academy, Marshalz Studios and Kothanur CSI Church, Narayanapura has numerous colleges and schools. Renowned hospitals, shopping malls, supermarkets, bank branches, etc. ensure the lifestyle needs of residents are met without any hassle.
Average price in the area
Apartments in Narayanapura have an average capital value of Rs 5,100 per sq ft. Residential properties of 2BHK layouts are priced at an average rate of Rs 60 lakh for an average unit size of 1,200 sq ft. Apartments of 3BHK layouts have an average price of 80 lakh for an average unit size of 1,500 sq ft.
PropGuide's verdict
Hennur Main Road, where houses Narayanpura, is a micro market that is primarily an investors' destination with proximity to international airport being a driving factor fir its growth. Palm Beach is a promising housing project with possession in near future and thus is a good option for end users as well.
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