Project in Focus: Kew Gardens By Prestige in Bengaluru
Outer Ring Road (ORR) in Bengaluru is a developing real estate destination that has attracted investors and end-users alike. Despite traffic snarls and pollution ORR's Bellandur has seen growing interest of homebuyers. This is mainly because of its strategic location and the presence of technology park in the vicinity. Renowned developer Prestige Group successfully launched a contemporary housing project called Kew Gardens in the locality last year.
PropGuide lists the major features of this under-construction property:
About the property
Project RERA ID: PR/KN/170726/000058
Sprawling over an area of 15.74 acres, Prestige Kew Gardens is an upcoming residential project located in a bustling suburb of south-east Bengaluru. Consisting of low rise towers surrounded by greenery, the gated community includes 979 units of 1, 2 and 3BHK apartments. The apartments are well-furnished and sized between 415 sq ft and 1,150 sq ft that meet the space needs of contemporary home seekers. Launched in December 2016, the project will be ready for possession by December 2019.
The project also offers many lifestyle amenities entailing:
- A swimming pool
- A rainwater harvesting system
- 24x7 security services
- A power backup system
- A car parking area
- A gymnasium
- A clubhouse
The developer
A leading real estate developer with over three decades of experience, Prestige Group has presence across major cities like Chennai, Bengaluru, Hyderabad and Kochi. It has spearheaded 65 ongoing projects spanning 56.94 million sq ft and around 28 under-construction projects with 31.15 million sq ft space.
Neighbourhood
Nestled along ORR (Outer Ring Road), Bellandur is also popular because of the Bellandur lake. The locality is a rapidly developing residential zone in Bengaluru with proximity to the IT corridors being a major plus. Several working professionals prefer this region as their home, which has led to rise in rental demand as well.
Connectivity
Bellandur is also linked to important destinations such as KR Puram, Marathahalli, Old Airport Road and the famous IT hub of Whitefield via ITPL main road. The Technology Park which is the address for leading IT companies viz. Texas Instrument, Magnasoft Consulting India Ltd, Mphasis, Crompton Greaves, etc. is just 14 kilometres from the area. Good road transportation is available and the nearest railway station is 12.50 kilometres away.
Social infrastructure
The area has several healthcare centres, premium educational institutions, popular shopping centres like Central Mall, restaurants, eateries, supermarkets, bank branches, etc. which take care of the lifestyle requirements of the residents. Moreover, the State Pollution Control Board (KSPCB) is actively working towards resolving the environmental issues caused by the Bellandur Lake.
Average price in the area
Residential properties in Bellandur have an average capital value of Rs 5,700 per sq ft, which is relatively affordable compared to other pockets of ORR. Apartments of 1BHK layouts have an average price of Rs 42 lakh for an average unit size of 800 sq ft. Similarly, apartments of 2BHK configurations are priced at an average rate of Rs 65 lakh for a unit size of 1,200 sq ft. Apartments of 3BHK configurations have an average price of Rs 1.10 crore for an average unit size of 1,800 sq ft.
PropGuide's verdict
Owing to its proximity to business districts, Kew Gardens is a perfect choice for professionals working in Whitefield. The property is ideal for end-users as the prices are affordable with good connectivity to other parts of the city.
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