Project Of The Week: Artha Midas, Hoskote, Bengaluru

Hoskote is a town in Bengaluru rural district's Hoskote taluk. Located 25 km from Bengaluru city, it is the largest taluk in Karnataka, with 333 villages. Rapid industrialisation in recent past has made this area a desirable residential location for professionals working at companies with offices located here and other areas in the vicinity.

Surrounded by many villages with natural aesthetics, Hoskote is known for the migratory birds that visit it, making the area an attractive tourist destination.

The Project

Artha Midas, launched in August 2014, is located in the self-sufficient society of Artha Neo Bengaluru in Hoskote and spans across 11 acre. It offers 164 apartments in 1BHK and 2BHK configuration. While the 1BHK configuration is available in four sizes - 525 sq ft, 589 sq ft , 665 sq ft and 679 sq ft; the 2BHK configuration is available in a single size - 862 sq ft. These units will be ready for possession in June 2016. Among key facilities that the project provides residents are:

The locality

Artha Midas is located in Hoskote along NH-4. Some of the important locational advantages of this project are:

Educational Institutes

Sri Vivekananda Vidya Kendra, SB School, MVJ Medical College and Research Centre, MVJ Nursing College, and Govt PU Girls and Boys College

Key thoroughfares

Intermediate Ring Road (IRR) , Krishnarajapuram Railway Station, and Whitefield Railway Station

Shopping centres and recreation

World Market, Sanath Mall, Arya Hub, and Ascendas Park Square Mall

Healthcare Centers

Srinivasa Hospital, Global Eye Foundation, Mission Hospital, and Ashwini Hospital

Infrastructure & future prospects

The coming up of several special economic zones (SEZs) , especially for the IT sector, has led to a rise in demand for real estate in Hoskote. The under-construction NH-207 will further enhance the connectivity of this project. Artha Midas is also in proximity of several IT parks in Whitefield. Bangalore Metropolitan Transport Corporation (BMTC) and Karnataka State Road Transport Corporation (KSRTC) buses service this area regularly and connect Hoskote with areas like Magadi, Kanakapura, Attibele, Dobspet, Anekal and Devanahalli. There are about four completed and seven under-construction projects in Hoskote.

The price

The price of 1BHK apartments starts from Rs 15.45 lakh and goes to Rs 19.95 lakh and the 2BHK apartments available in a single size are priced at Rs 25.95 lakh.

The developer

Artha Group has been operating in the real estate sector for the past six years. The group is known as one of the fastest-growing real estate companies of South India and is credited with developing more than 45 projects, over 15 million sq ft of area. Some of the well-known projects by this group include Artha Reviera, Artha Eden Park and Artha Brick Field Shelters.

Overall recommendation

Hoskote is an emerging real estate market for both commercial and residential properties. The location also hosts many tourist spots adding to the value. So, for investors, as well as home buyers looking for real estate in Bengaluru at affordable prices, Artha Serene is a project you could opt for.