Provident The Tree, Bangalore – Will it be a Good Buy?
With successful track record of launching and delivering several projects in Bangalore, Provident Group has come up with another new launch in the area i.e. 'Provident The Tree'. Sprawling across 6 acres of land, it will offer 560 units in total. There will be 60 units for 1BHK, 200 units for 2BHK and 300 units for 3BHK. These units will be set-up over an area ranging between 605 sq.ft. and 1,322 sq.ft., depending upon sizes and layout. The USP of this project will be 338 trees which will be planted in the township.
Provident the Tree is marketed at a pre-launch price of Rs. 3,790 per sq.ft. (1BHK) and Rs. 3,690 per sq.ft. (2BHk and 3BHK). With such attractive pre-launch prices will it be a good buy for you? Let's see..
How To Reach?
As per information provided by Provident Group, the project is located Off Magadi Main Road, near Syndicate Bank Colony, Bangalore. You can easily reach project site via NICE Road and ORR which is only 4-5 kilometers away from project site.
Key distances from popular points of interest:
- City railway station is located at a distance of 12.3 kilometers.
- Peenya Metro station is about 9.3 kilometers and Mysore Road Metro Station is 10 kilometers away.
- Tumkur Road is 10 kilometers away, Sampige Road is 12.6 kilometers and MG Road is 17.2 kilometers away.
- Peenya Industrial area is about 8 kilometers away.
Infrastructure and Future Prospect for Growth
Magadi Road is a long stretch that extends from Majestic in central Bangalore to Magadi in the West. Magadi Road is 18 kilometers away from Bangalore central and passes through many prime localities like Vijayanagar, Rajajinagar, Kamakshipalya, Sunkadakatte, and Gandhi Nagar.
Currently under construction, the underground metro line for the North-South route passes through this neighbourhood. Once operational, Magadi Road's residents will enjoy good connectivity with other parts of Bangalore. With improved connectivity comes market appreciation; so the completion of the metro project is expected to have a positive effect on the real estate market in Magadi Road.
A few of the important highlights at Provident The Tree have been mentioned below..
- Swimming pool
- Children play area
- Landscape gardens
- Meditation pavilion
- Resting pavilion
- Maze garden
- Open badminton court
- Basketball Ring
- Seating alcoves
- Club house
- Party hall
Price Comparison
While the ongoing property rates on Magadi Road ranges between Rs. 4,000-5,000 per sq.ft., Provident The Tree has pre-launched its 1BHK units at Rs. 3,790 per sq.ft. and 2,3 BHK units at Rs. 3,690 per sq.ft. There are not too many projects around it to compare with but it is closer to Vijay Nagar locality where average price is above Rs 5,000 per sq ft. Additionally, optional car parking is available with three different options-stilt, Semi-Stilt and Basement priced at 1.5 lacs, 0.75 lacs and 1.25 lacs, respectively. The price range is attractive and property rates are expected to increase in future with the completion of ongoing Metro rail project.
Attractively priced for the buyers, it's surely a venture not to be missed. So hurry up!! Also, if you have any feedback about this project, do share it with us. For more information on Provident The Tree, visit PropTiger.com
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