Project Watch: Bren Starlight, Bangalore
Bren Corporation is soon launching a residential project in Bangalore in the affordable home segment, Bren Starlight, in the heart of Ulsoor, Bangalore. The Bangalore Metro Rail is coming up in the area, and demand for upcoming properties in Bangalore are going up leading to appreciation in property prices along the Reach 1 Metro corridor.
The product The project is spread over 1.75 acres, and has 195 units for sale in a single high-rise tower with two wings, having G+19 floors. Bren Starlight offers new apartments in Bangalore in three configurations -- 1BHK, 2 BHK and 3BHK apartments. The super built-up area for 1BHK ranges from 915 sq.ft. to 1,250 sq.ft., for 2BHK it is 1,250 -1480 sq.ft. and for 3BHK it is 1,480 -1,530 sq.ft.
A few of the amenities are:
The builder Established in 1973, Bren Corporation (SJR Group) started developing commercial and residential projects in India. The first commercial project it built was the Infosys office tower in Bangalore. Now, it has diversified its business into residential townships and hospitality management.
How to reach Bren Starlight is located on Old Madras Road, Ulsoor. It is a 10 minutes' drive from KR Puram. This place is one of the oldest places in Bangalore and is known for green surroundings.
Locational Advantages Bangalore city is 6.3 kilometers from here via the St. John's Road, two kilometres from MG Road and four kilometers from Indira Nagar. The project has good connectivity from Bangalore East Railway Station and Bangalore Cantt Railway Station, which are just 10 minutes' drive away. Apart from good road and rail connectivity, Ulsoor Metro Station is located nearby. The project is also near the ITPL airport.
Infrastructure and future growth prospects Old Madras Road is well connected to the bustling neighborhoods like Whitefield, CV Raman Nagar and KR Puram. The area is close to the IT corridor of Bangalore, and this has attracted global MNCs like of Google, Boeing, Ernst & Young and GE to set up their offices near KR Puram. According to Knight Frank, an International Property Consultant, KR Puram figures in the list of top 10 Indian destinations to invest in and is projected to have a growth of 91% in the property sector by 2017. Social and civic infrastructure near the project site is well developed, with schools, healthcare facilities, recreational facilities, etc. Famous malls here include Gopalan Signature Mall, Lido Mall, etc. Also, good educational institutions, hospitals and financial institutions are situated in the vicinity.
Price/location comparison The average basic sale price in Ulsoor as on April 2015 was Rs. 6,010 per sq.ft., which is nearly four times higher than Bren Starlight's average price because it covers smaller area compared to other projects in Old Madras Road. Some of the other projects located on Old Madras Road are Salarpuria East Crest, Brigade Golden Triangle and Brigade Exotica which are priced at Rs. 1,103 per sq.ft., Rs. 1,647 per sq.ft. and Rs. 3,140 per sq.ft. respectively. The area has witnessed price appreciation of 12.8% in last six months. So, the project is definitely good for investment, especially when the average price is just Rs. 1,410 per sq.ft.
Proptiger.com's ratings
Parameter | Rating |
Builder | Average/Good |
Price | Good |
Project | Good |
Location | Good |
Overall recommendation Bren Starlight is a good option for both investors and end users, as Old Madras Road, Ulsoor, is one of the most sought after locality in Bangalore. Here, the returns on investment are very good. With well-developed social and civic infrastructure and the project's proximity to campuses of global MNCs, Bren Starlight is definitely a good investment opportunity.
To know more about Bren Starlight, visit PropTiger.com.