Brigade Panorama: Why is it an attractive investment opportunity?

Established in the year 1986, Brigade Group is one of the most popular real estate developers in South India. The company has developed several projects in cities like Chennai, Mysore, Mangalore, Hyderabad and Kochi has also bagged several awards for its contributions to the Indian Real Estate. Recently, the company has opened booking of its latest project- Brigade Panorama- which received a significant attention from the buyers and investors.

Strategically located in Kumbalgodu along the Mysore Road, Brigade Panorama will have seven towers of G+18 levels. The project offers more than 1,000 units of luxurious 2 BHK and 3 BHK apartments over 11 acre land parcel.

Let us explore this project in some detail:

Product- Brigade Panorama, Bangalore

The 2 BHK apartments at Brigade Panorama will have SBUA of 1,031 sq. ft. whereas the 3 BHK units will be available in three different SBUAs of 1,363 sq. ft., 1,563 sq. ft. and 1,650 sq. ft. The project will also have open spaces and immaculately done landscapes. Community gardens and tree-lined boulevards are some of the planned greenery developments within the project.

Gopalan Olympia and Good Earth Malhar Terraces are two other apartment projects located close to Brigade Panorama. Malhar Terraces offers 63 flats in 3 acres, bringing the density to 21 flats per acre. Whereas, Brigade Panorama is offering 1000 flats in 11 acres which gives an apartment density of around 90 flats per acre, making it comparatively congested.

Some notable amenities offered in the project are:

• Departmental Store
• Bowling Alley
• Children's Play Area
• Club House
• Party Hall
• Gymnasium
• Movie Theatre
• Jogging and Cycling Track
• Senior Citizen Sit-Outs

Location Advantages

The location along the Mysore Road is an attractive residential locality in Bangalore. For quite some time, the area has been witnessing rapid infrastructure development. It is well connected to the other parts of the city via the Mysore Road and the NICE Ring Road. The proposed construction of Bangalore-Mysore Infrastructure Corridor will make it easier for the residents of this area to access West and South Bangalore via feeder routes of NICE Road. The BMTC and Karnataka Government have also planned bus stops, depots and commercial complexes around the area. The proposed metro station on the route to Kengeri will also improve the connectivity in future. The following are some of the locational advantages of the project:

• 4 km from NICE Ring Road
• Deepanjali Nagar (upcoming) Metro Station is 13 km
• 19 km from the Railway Station.
• 21 km from MG Road.
• 60 km from Kempegowda International Airport

VBHC, Provident Group and many other developers will be delivering their projects around the region by 2017. Cheaper commercial rentals are also attracting reputed companies to move their offices in these peripheral micro-markets. Unlike older neighbourhoods of Jayanagar, Koramangala and Sarjapur Road, which are witnessing rise in luxury housing market, Kumbalgodu is still an affordable locality in Bangalore. Since it is an upcoming residential area with close proximity to upcoming social conveniences, the property prices are expected to rise in the near future.

Price Trends

Brigade Panorama is available at an attractive pre-launch price of Rs. 3,740 per sq. ft. The booking amount is 2 lacs for 2 BHK and for 3 lacs for 3 BHK, respectively. According to the latest updates, the average property price in Kumbalgodu is Rs. 3,541 per sq. ft. The locality is affordable as compared to the nearby areas of Kengeri and Raja Rajeshwari Nagar where the average prices are Rs. 3,674 per sq. ft. and Rs. 3,903 per sq. ft., respectively.

So, let us summarize how Brigade Panorama performs on various parameters:

Overall Recommendations

Owing to its excellent location, Brigade Panorama offers good investment opportunities. It is also at present in the best stage of its lifecycle i.e, the pre-launch stage. At this point, you are more likely to get a unit of your choice.

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