Project Watch: Brigade Sparkle, Mysore
Mysore, the 'City Of Palaces', is the cultural capital of South Karnataka. The city is known for its ornate historical structures with Mysore Palace or Tipu Sultan's Summer Palace being the most popular among them. With keen interest from real estate watchers and developers, the city is now recognized as a residential hotspot in Karnataka.
Brigade Group, one of the leading real estate firms in Karnataka, has launched Brigade Sparkle in JP Nagar. PropTiger.com reviews the project.
The Product
Brigade Sparkle is built on an area of 3 acres and is a 4 storied residential apartment. It offers 240 units of 2BHK and 3BHK apartments. The 2BHK apartments come in two sizes: 910 sq. ft. and 920 sq. ft. The 3BHK apartments on offer come in four sizes : 1,130 sq. ft. , 1,160 sq. ft. , 1,260 sq. ft. and 1,290 sq. ft.
The project comes with all the modern fittings in the apartments. The unique selling proposition of the project is the Sky Club with rooftop swimming pool and gymnasium . The project is built with 60 percent open space that will be utilized for landscaping purposes and greenery .
Amenities Brigade Sparkle offers various amenities to facilitate comfortable living including:
Location
Brigade Sparkle is located in JP Nagar, Mysore. The nearest landmark is JSS Hospital located at 5.3 km from the project site.
Some of the locational advantages are: 1) The project is suitably located at a distance of 7 km from Ooty Airport. 2) The project is also in close proximity to Mysore Railway Station located just 5 Km away. 3) The project is 3.8 km away from Mysore city via Dr. B.R. Ambedkar road and Mananthavadi road.
The Builder
Brigade Group, established in the year 1986, deals in both residential as well as commercial properties. The real estate firm has made a strong presence in South India, as it focusses on innovation, quality and building trust with home buyers. Key projects include World Trade Centre in Bangalore, World Trade Centre in Kochi Infopark and Brigade Golden Triangle in Bangalore, among others.
Infrastructure and Future ProspectsMysore, according to real estate analysts, is rivaling Bangalore in terms of infrastructure prospects. The city has undergone a facelift in recent years and is fast emerging as a smart city.
Property in Mysore has attracted foreign investors owing to proposed infrastructure development plans formulated by the Karnataka government recently. The government has allocated funds to the tune of Rs 3,000 crore to turn the Bangalore-Mysore National Highway into a six lane highway.
The high residential demand in Bangalore and cheaper rates for property in Mysore have even pushed a number of Bangalore real estate developers to come up with new residential projects in Mysore. The city is 146 km southwest of Bangalore. After the proposed super fast metro trains from Bangalore to Mysore become operational, property in Mysore is expected to witness greater price appreciation.
JP Nagar is one of the topmost localities in Mysore. The area is well equipped with social infrastructure such as educational institutions, ATMs, banks , etc.
Price Comparison
Brigade Sparkle is priced at Rs. 3,740 per sq. ft., which is higher than the average apartment price in JP Nagar (Rs. 3,294 sq. ft.) . When the prices of two other projects in the locality - Mittal Builders Pride and DS Max Smaran - are compared with Brigade Sparkle, one sees the latter priced on the higher side. However, Brigade Sparkle has witnessed price appreciation of 13.7% in the last 24 months.
Mittal Builders Pride and DS Max Smaran, both projects offer apartment units with similar super built up area as Brigade Sparkle does and are priced lower at Rs. 3,400 per sq. ft. and Rs. 3,000 per sq. ft. An important fact to consider here is that almost all projects in JP Nagar have an average apartment price range of Rs. 3,000 per sq. ft. to Rs. 4,000 per sq. ft.
PropTiger's Rating
Parameters | Rating |
Builder | Good |
Project | Good |
Locality | Good |
Price | Good |
Overall Recommendation
Real estate in Mysore has developed at a very fast pace and projects here would be a good choice, as investors can expect higher returns on investment. End users may have to wait for 4 to 5 years for Mysore to emerge as a Smart City.
For more information on Brigade Sparkle, visit PropTiger.com.