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Is Indian Real Estate Sector Going to Revive in 2020?

Feb 11,2020 / By / No Comment
About Indian Real Estate 2020

Real Estate Sector in India

The real estate sector in India has been witnessing weak sales for the last few years, resulting in a sharp drop in its significant contribution to the country’s Gross Domestic Product (GDP). Overall, the year 2019 proved to be a mixed year for the nation’s realty sector as the commercial sector flourished but that was not the case with residential real estate. However, some positivity has been seen in the market as a result of various announcements made by the government last year. Government announcements like NHB raising liquidity for Housing Finance Companies, relaxation of External Commercial Borrowings (ECB) funds, and approval of a Rs 25,000-crore alternate fund have all been made at a positive pace.

Nation’s real estate sector saw a fall after banks limited lending activity post the NBFC crisis in 2018 and the situation worsened further in 2019 to a sharp demand crisis. Not just the real estate sector but a large number of other industries indirectly related to the sector have also suffered the heavy winds of low demand.

Real estate developers, consumers, and investors have been facing the burden of the fall in the housing segment for the last few years. From unsold inventories to incomplete construction to delayed projects, the segments had faced a lot of difficulties that have been pointing to negative sentiments.

In spite of the government’s measures to revive the weak realty market, there has been no positive result except limited growth of just 1% in the year 2019 but far from reaching its full potential.

According to the International Monetary Fund, India’s economy grew by about 4.8% in 2019, a sharp drop from 6.8% in 2018. Similarly, unemployment rose to 7.5% in the last 3 months of 2019.

There is an urgent need to approach the challenge of liquidity suffered by the sector, especially after the NBFC cash crisis. Liquidity will improve sentiment in the market with a regular supply of ready to move-in homes. If the challenge is not tackled on priority, it will block the confidence of developers as well as buyers which may seriously affect the realty sector as well as the economic growth of the country.

Few bold govt measures that could revive the real estate market in the year to come including tax rebate hike, personal tax relief, higher liquidity, better land reforms and fast infrastructure development for raising homebuyer sentiments.

The industry body has also suggested the government to reconcile the Insolvency and Bankruptcy Code (IBC), GST and individual taxes to help increase demand for unsold properties, which increased sharply in 2019.

The reviving real estate sector would also improve overall demand as the sector employs a large number of laborers belonging to lower-income groups. As a result, it could lead to a strong rise in rural demand.

However, it needs to be noted that the measures are not yet sufficient in size and will not be able to cater to real estate developers (small and big) and players in Tier 2 and 3 cities. Most importantly, the measures need to be backed by other factors mentioned below to bring in a proper resolution. Instant step in terms of implementation of several schemes and processes is expected to bring momentum into the sector in 2020.

Budget 2020-21 Fails to Address Major Concerns of Realty SectorFreal estate

It offers a few solutions to revive the nation’s weak economy. The government’s $428 billion budget for 2020-21 considered a series of modest initiatives, including planned investments in new roads and airports and personal income tax cuts, along with an increase in bank deposit insurance to encourage customers worried by high-profile bank failures.

But it offered no large incentive plan to produce more jobs or money in the pockets of India’s 1.3 billion residents, most of whom rarely get their food through farming or work in the informal economy. Nor did the budget offer any additional support for the country’s weak financial institutions.

Few Govt measures that may put real estate back on track in 2020 includes:

Industry Status

For a long time, the real estate market demands an industry status that can help it with finances at a lower cost, especially at times when the availability of funding is a major barrier for the industry.

Single-window clearance

The sector, which is struggling to deal with multiple government offices for project approval, wants a single-window clearance facility to initiate the project implementation faster.

Removal of Multiple Rates or Taxes

Multiple rates or taxes need to be removed into a single standard GST rate.

Incorporation of Stamp Duty under GST

The cancellation of stamp duty or its incorporation under GST.

Lowering Interest Rates

In 2019, the Reserve Bank of India (RBI) reduced the policy rates (Repo Rate) by 135 basis points. But the registered commercial banks didn’t follow the procedure. So the average marginal cost of lending rate (MCLR) of banks has decreased by only 64 bps. The lower interest rates will benefit to decide the existing liquidity crisis and boost housing demand.

Rebate in Income Tax

Rebate in individual income tax will be another help to the sector as it will decrease the financial burden of the buyers and improve their expendable income.

Housing Loan Interest Rates to be Reduced

Interest rates on housing loans also need to be reduced to encourage demand and sales. Restoration of income tax gains on a 2nd home can benefit homebuyers in a big way.

Notional Rental Income

We expect the government to release organizations involved in real estate business from the burden of tax on notional rental income or the period of 1 year should be extended to 5 years. This is pushing buyers away from the market and affecting the sector as well.

Restriction on Home Loan Interest Paid

The govt should also remove the restriction of an additional deduction of Rs 1.5 lakh paid on a home loan up to Rs 35 lakhs with total values not exceeding Rs 45 lakhs.

The government should implement land reforms and amend the acquisition process.

People’s Expectations:

It is expected that the real estate sector will hopefully observe a growth story in 2020. Covering 1,600 projects with 458,000 housing units under the center’s announcement will help in raising buyer confidence and is expected to generate significant employment. We expect the govt to give full support to the sector not just in terms of the announcement but also implementation. The year 2020 needs a device to protect developers from the existing liabilities and stuck projects. It also needs to incentivize stressed projects in various ways.

At the same time, the central government has projected that the economic growth would rebound to as much as 6.5% for the current fiscal year.

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TNRERA Directs New Chennai Township To Refund Buyer’s Money

Oct 30,2019 / By / No Comment
TNRERA Directs New Chennai Township To Refund Buyer’s Money

Chennai: Can residential projects sold through lease deeds come under the ambit of the real estate act?

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has entertained an application over a leased property, ordering the developer to return the payment of a homebuyer as the project reminds a non-starter.

The case concerns a project called ‘UTSAV’, contracted by New Chennai Township Pvt Ltd at Vellur in Cheyyur Taluk of Kancheepuram District. In a recent order, G Saravanan, an adjudicating officer of TNRERA, said R Thenmozhi and S Sriram booked a flat and paid an advance for it in February 2011. The developer had made a lease deed in support of the complainants for leasing a flat for a period of 99 years that was to be built by the former. While the total lease fee was Rs 16.69 lakh, the homebuyers had paid Rs 12.82 lakh. The possession of the flat was set within 3-months from the date of receipt of the entire lease amount, as per the deed that was registered a year later in 2012. Though 80% of the total fee of the lease value of the flat was paid, the order stated that the developer neither started construction work nor handed over the possession of the apartment so far.

The complainants circulated a notice in 2016 to cancel the lease deed and asked for a refund of the entire amount with interest. But, the developer failed to repay the amount. The complainants have taken bank loans to make their payments, who are allowed to relief,” the order added.

As per the order, the complainants are entitled to return of Rs 12.82 lakh with interest at the rate of 10.15% for the amount paid from the date of payment till repayment by the developer. The order further stated that “considering the facts and circumstances of the case, Rs 1 lakh is fixed as compensation towards mental agony and inconvenience caused to the complainants by the developer”. Towards registration and litigation expenses, Rs 16,790 and Rs 20,000 respectively have been given.

TNRERA also ordered the developer to refund the amount, interest, compensation and costs within 60 days. The order further added, “The complainants shall execute the cancellation of lease deed on the satisfaction of their claims at the cost of the developer”.

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“Purva Cash” India’s First Virtual Real Estate Currency By Puravankara

Sep 25,2019 / By / No Comment
virtual currency ‘Purva Cash’

Highlights of India’s first real estate virtual currency “Purva Cash”

  • Homebuyers can earn 50,000 Purva Cash on registration
  • The offer is introduced for the brand’s flagship home fest – Big 72 home fest
  • Ongoing commitment to customer-centric efforts

Ahead of the festive season, Bengaluru-based Puravankara Ltd., One of India’s largest and most populous residential developers, yesterday announced a unique initiative ‘Purva Cash’- first virtual real estate currency for homebuyers planning to book housing units with attractive price and payment plans. The new idea is proposed for Puravankara’s flagship expo – BIG 72 Home Fest (started in 2017 and is a once a year event) to provide added benefits to the home buyers. Purva Cash can be redeemed against any Puravankara and Provident projects located in Bengaluru, Chennai, Kochi, Pune, Hyderabad, Goa, and Mangalore from September 27th-29th, 2019 at Lalit Ashok, Bengaluru.

https://www.lilybridal.ca

The Homebuyers can be part of this initiative by registering on the company website, Facebook page or Instagram page of Puravanakra to earn 50,000 “Purva Cash”. Furthermore, a referral bonus of 10,000 Purva Cash will be given to homebuyers for every successful referral. Every individual can win back up to 5 lakhs* of “Purva Cash” depending on their choice of project. Purva Cash can be claimed against any Puravankara and Provident projects and 29th September 2019 is the last date to exchange the currency.

Speaking about the Purva Cash, Ashish R Puravankara, Managing Director- Puravankara Limited, said “Our approach and effort have always been on the line of customer-centricity. This new idea has been conceptualized to give extra benefits to the buyers separate from our usual offerings and interesting schemes. For the first time, virtual real estate cash has been introduced in the real estate market of India.”

“Buying a home is one of the biggest financial decisions in an individual’s life-time. Interested home buyers always look for projects which not only met their needs but also suit their wallet. This is where Purva Cash comes in by providing additional cash to the customers, just by enrolling for the scheme. The buyers can also add more cash to their wallet through referral. This initiative, by Puravankara, ensures loads of benefits to the customer along with the hassle-free home buying experience.” he added.

Upon registering on Puravankara’s company website, the buyer can yield the following benefits:

  • 50,000 of Purva Cash on successful registration
  • 10,000 Purva cash on each successful referral
  • You can also visit – Facebook and Instagram pages of Puravankara, click on the ads and register there to earn 50,000 additional Purva cash
  • The first transferable rewards system, where you can transfer your additional Purva Cash to your friends and relatives
  • Redemption of Purva Cash on purchase of a Puravankara or Provident home
  • Each buyer can redeem up to 5 lakhs* of Purva cash
  • Minimum 9% assured saving
  • Inspiring on spot booking offers
  • The last day to redeem Purva Cash is 29th September 2019

About Puravankara Limited:

Puravankara Limited is one of South India’s leading real estate organization, with pan India presence. In the last four decades (44 years) the company has set two different and successful brands. The flagship brand Puravankara provides to the luxury segment, while Provident Housing Ltd. is placed in the premium affordable segment. The company has 40 million sq.ft. of projects which are completed and delivered around 20 million sq.ft. of projects which are under construction. Down the line, the total land asset of the company is close to 70 million sq.ft.

Image Sources: Puravankara.com

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Noida May Allow Registry of Flats Without NOC to Accelerate Deliveries of Projects

Sep 24,2019 / By / No Comment
Under-construction properties in Noida

You might hear or read that Noida tops the list of cities having the most unsold inventory. As much as over 1 lakh units still unsold by Noida builders. The major reason for the buyer’s unwillingness to buy under-construction properties. In addition, the impact is also visible on ready-to-move-in properties which have not yet received Occupancy Certificate (OC) owing to developers failing to pay land dues to the authority. This has not only to give a hard time to the home buyers but also has to lead to disturbance and left liquidity crisis in the city.

However, there is a reason for cheer for both builders and buyers as the district administration is considering granting the registry of property even if the authority has not given NOC to the project through an “agreement to sub-lease” between the builder and buyer. The builder lobby has welcomed this move saying that this will help in improving the city’s image and will further be effective in bringing more investment in the city.

The plan was discussed in a meeting held on Saturday between officials of the district administration and the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). The officials also evaluated changes in laws that now make it compulsory for the development authorities to allot Completion Certificates to builders within 8-days of applying for it.

I have explained above that in many cases it has been found that homes were ready, but the builder had not cleared the authority’s due and didn’t get a no-objection certificate (NOC). In such cases, the buyers are left in a stumble and would sometimes hang around into the homes they paid for but due to the unavailability of any valid documents for ownership.

As per district magistrate BN Singh, they can now charge the 5% stamp duty and register the flats on an agreement to sub-lease between the builder and the buyer”. He further explained that once the builder gets a NOC from the Noida Authority, it can finally sub-lease the property to the buyer. This would be a tripartite agreement between the builder, buyer, and the Noida Authority.

The DM further explained that once the Noida Authority provides NOC and Completion Certificate, we will then issue a final registry certificate with Rs 50 stamp duty.

As per the UP Urban Planning and Development Act, the Development Authority was supposed to respond within 3-months of application regarding issuing the completion certificate for a project. However, the law has now been revised to accelerate the delivery process with the increasing delays in the delivery of flats to homebuyers.

What is the new law saying?

As per the new law, the authority will grant NOC to developers according to the dues cleared. It means if a developer has paid 50% of the total dues then the authority will issue the NOC for 40% of the land area and keep 10% as a deposit. This will allow some of the buyers to get possession even if the developer has not paid the full dues to the authority.

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20 Most Affordable Housing Projects in Bangalore

Sep 20,2019 / By / No Comment
List of affordable housing projects in Bangalore

“Affordable Housing” is a very popular word these days in the Indian Real Estate Sector. With a fast population shift from rural to urban areas, home buyers look for a property which is economical, affordable and within the reach of their pockets. Therefore, people are getting attracted to the Affordable Housing Scheme. Even in cities like Bangalore, with on average higher purchasing power compared to many other cities such as Delhi, Mumbai, Gurgaon, Chennai, Ahmedabad, and Pune, the demand for affordable housing is increasing at a very fast pace.

While building cost-effective homes is a challenge in itself. To meet the growing demand for affordable housing, the Government of India and all the major real estate players have come up together with a number of low budget housing schemes and plans. Government’s ‘Pradhan Mantri Awas Yojana’, ‘Housing for all by 2022’, and ‘Public-Private Partnerships for Affordable Housing’ are some of the major incentives that are helpful in the growth of the affordable housing sector in India.

Even in cities like Bengaluru, where the average buying capacity of people is higher as compared to other cities, home buyers look for properties that are well within the reach of their pockets.

So, if you are planning to buy affordable homes in Bangalore, here are the top 20 affordable housing projects that offer 1, 1.5, 2, and 3 BHK housing units within your budget:

List of 20 Affordable Housing Projects In Bangalore:

Projects Name

Builders Name

Location

Tata New Haven

TATA Housing Dev Co Ltd

Tumkur Road

Concorde Epitome

Concorde Group

Electronic City Phase II

Concorde Spring Meadows

Concorde Group

Tumkur Road

LGCL Happy Days

LGCL

Off Hennur Road

Pride Palatia Phase I

Pride Group

Hennur Road

Goyal Orchid Greens

Goyal & co.

Kannur

Artha Emprasa Startup City

Artha Property

Hoskote

Avanti by Shriline

Shriline Properties Pvt Ltd

Attibele – Anekal Road

Brigade Bricklane

TooGoodHomes by Provident

Brigade Group

Provident Housing Limited

Jakkur

Thanisandra Main Road

Pride Sunrise

Pride Group

Bannerghatta Jigani Road

Brigade Parkside East

Brigade Group

Sarjapur Road

Brigade Parkside West

Brigade Group

Mysore Road

Iconest 3

Icon Homz

Bommasandra

Provident Park Square Ph-II

Provident Housing Limited

Judicial Layout 2nd Phase

Brigade Parkside North

Brigade Group

Jalahalli

Gallium at Brigade El Dorado

Brigade Group

Bagaluru

Confident Oxygen

Confident Group

Sarjapur Road

Provident Equinox

Provident Housing Limited

Kambipura

Provident Capella

Provident Housing Limited

Whitefield

  1. Tata New Haven

The luxurious residential development Tata New Haven by TATA Housing Development Co Ltd strategically located in Tumkur Road is offering 1.5, 2, and 2 BHK residential units ranging from 708-1286 sq.ft. with modern amenities like landscaped garden, indoor games, CCTV camera, gymnasium, basketball court, skating rink, lift, clubhouse, 24 hours water supply and much more.

  •  Project Name: Tata New Heaven
  • Developer: TATA Housing Development Co Ltd
  • Location: Tumkur
  • Unit Configuration: 1.5, 2, & 3 BHK Apartment
  • Rate: 5200/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/309/PR/170916/000146
  • Price Range: Rs 36.81 L to Rs 66.87 L
  • No of Units: 1613
  • Possession Date: 30-Sep-19

  1. Concorde Epitome

Concorde Epitome by Concorde Group is an unmatched Residential property located in Electronic City Phase II, Bangalore. The project offers 2 and 3 BHK residential units ranging from 1217 – 1534 sq. ft. with plenty of benefits that include prime location, comfortable and lavish lifestyle, great amenities, healthy surroundings, and high return. Some of the modern amenities are a gymnasium, billiards room, table tennis, party hall, children’s play area, swimming pool, a landscaped garden among others.

  •  Project Name: Concorde Epitome
  • Developer: Concorde Group
  • Location: Electronic City Phase II
  • Unit Configuration: 1217 – 1534 Sq.ft.
  • Rate: 4200/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/308/PR/171015/000698
  • Price Range: 51.11 lakh – 60.42 lakh
  • No of Units:180
  • Possession Date: 31-Dec-19

  1. Concorde Spring Meadows

Concorde Spring Meadows by Concorde Group, located off Tumkur Road on Hesaraghatta Main Road. This project is offering 1,2,3 BHK residential apartments. It is the ideal destination for a well-balanced life with best in class infrastructure and facilities all in the vicinity. Concorde Spring Meadows comprises of a wide array of amenities that include Landscaped Garden, Swimming Pool, Gymnasium, Play Area, Jogging Track, 24Hr Backup Electricity, Table Tennis, Party Area, Senior Citizen Park, Multi-purpose Hall, provision for Laundry, Skating Rink, Cricket Practice Net, and Multipurpose Games Court.

  •  Project Name: Spring Meadows
  • Developer: Concorde Group
  • Location: Tumkur Road
  • Unit Configuration: 596 sq.ft – 1456 sq.ft
  • Rate: 8023/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/309/PR/180227/002657
  • Price Range: 47.81 lakh – 64.70 lakh
  • No of Units: 356
  • Possession Date: 30-Jun-21

  1. LGCL Happy Days

LGCL Happy Days by LGCL is an ultimate reflection of the urban chic lifestyle located in Off Hennur Road, Bangalore. It comprises of 2 BHK Apartments that are finely crafted and committed to providing houses with unmatched quality. The Apartments are spacious, well ventilated and Vastu compliant. This project has close proximity to many famous schools, hospitals, shopping destinations, tech parks and every civic amenity required so that you spend less time on the road and more at home.

  •  Project Name: LGCL Happy Days
  • Developer: LGCL
  • Location: Off Hennur Road
  • Unit Configuration: 900 sq.ft.
  • Rate: 6556/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/309/PR/180313/002625
  • Price Range: 59 lakh
  • No of Units: 237
  • Possession Date: 31-Dec-21

  1. Pride Palatia Phase I

Pride Palatia Phase I by Pride Group situated in Hennur Road, Bangalore offers 2 and 3 BHK apartments. Located at Chikkagubbi, the project lies right off Hennur Main Road and is well linked to places like Jalahalli, Chikballapur, Brookefield, Frazer Town, Bommasandra, JP Nagar Phase 7, Vasanth Nagar, Begur and Jakkur among others. The project comes with several amenities for residents including a well-equipped gymnasium, clubhouse, 24-hour security services, playing zone for kids, landscaped gardens, swimming pool, CCTV surveillance, indoor game facilities, video door phone facilities, and television network.

  •  Project Name: Pride Palatia Phase I
  • Developer: Pride Group
  • Location: Hennur Road
  • Unit Configuration: 877 sq.ft. – 1354 sq.ft.
  • Rate: 6100/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/446/PR/171013/000463
  • Price Range: 53.49 lakh – 82.59 lakh
  • No of Units: 207
  • Possession Date: 1-Dec-19

  1. Goyal Orchid Greens

Goyal Orchid Greens by Goyal & Co. is located in Kannur, near Chikkagubbi locality on Hennur Main Road of Bangalore. It is an under-construction project that offers 2 and 3 BHK apartments span across 2.27 acres of land parcel and known for specifications such as Vitrified Tiles flooring in kitchen, living room and other parts of the apartment. The key amenities offered by Orchid Greens include a gymnasium, swimming pool, children’s play area, clubhouse, jogging track, power backup provision, and indoor games facility.

  •  Project Name: Goyal Orchid Greens
  • Developer: Goyal & Co.
  • Location: Kannur
  • Unit Configuration: 1180 sq.ft. – 1561 sq.ft.
  • Rate: 4068/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/446/PR/171014/000328
  • Price Range: 48 lakh – 63.50 lakh
  • No of Units: 240
  • Possession Date: Sep-19

  1. Artha Emprasa Startup City

Artha Property has launched its premium housing project, Emprasa Startup City strategically situated in Hoskote, Bangalore. The project offers 1, 2 BHK residential apartment from 692 sqft to 741 sqft in Bangalore East. This project is span across 8.18 acres of vast land parcels consists of 900 units. Among the many luxurious amenities that the project hosts are Swimming Pool, Multiplex And Theatre, Smart Transport, Training Center, Cricket And Soccer Field, etc.

  •  Project Name: Artha Emprasa Startup City
  • Developer: Artha Property
  • Location: Hoskote
  • Unit Configuration: 692 sq.ft. – 741 sq.ft.
  • Rate: 3950/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1250/304/PR/171031/001084
  • Price Range: 27.33 lakh – 29.26 lakh
  • No of Units: 900
  • Possession Date: 31-Dec-19

  1. Avanti by Shriline

Avanti by Shriline is a luxurious residential development by Shriline Properties Pvt. Ltd. It is built on an area spreading across 2 acres, consists of a total of 236 aesthetically designed 1 and 2 BHK units in a stilt +4 floors spread over 6 Wings. Being situated along Attibele-Anekal Road, close to proposed STRR (Satellite Town Ring Road), the project lies in close proximity to Electronic City – Bengaluru’s latest IT hub and among favorite residential areas in Bangalore South. All the necessary amenities & open green spaces together give you a great nature to live.

  •  Project Name: Avanti by Shriline
  • Developer: Shriline Properties Private Limited
  • Location: Attibele – Anekal Road
  • Unit Configuration: 530 sq.ft. – 961 sq.ft.
  • Rate: 3583/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/308/PR/171031/001664
  • Price Range: 18.98 lakh – 30.33 lakh
  • No of Units: 236
  • Possession Date: 31-Dec-20

  1. Brigade Bricklane

Packed with thoughtful conveniences and modern amenities, Brigade Bricklane by Brigade Group is an under-construction residential project, strategically located at Jakkur, Bangalore. It is offering 1 and 2 bedroom apartments span across 8 acres of land parcel consists of 749 units. It includes amenities such as a Children’s Play Area, Basketball Court, Amphitheatre, Cycling & Jogging Track, Gymnasium, ATMs, medical facilities, education institutions, and parks are within easy reach.

  •  Project Name: Brigade Bricklane
  • Developer: Brigade Group
  • Location: Jakkur
  • Unit Configuration: 663 sq.ft – 1022 sq.ft
  • Rate: 5040/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/309/PR/180808/001981
  • Price Range: 33.41 lakh – 50.99 lakh
  • No of Units: 749
  • Possession Date: 1-Dec-21

  1. TooGoodHomes by Provident

TooGoodHomes by Provident Housing Limited situated in Thanisandra Main Road near Manyata Tech Park, Bangalore. It offers 249 units of  2 BHK apartments in 2.03 acres of the land parcel, ranging between 888 sq. ft. to 944 sq. ft. Some of the key amenities include a swimming pool, gymnasium, clubhouse, children’s play area, senior citizen sit-out, terrace garden, jogging track, 24-hours power back-up among others. Tech parks, shopping malls, best of educational institutes, world-class hospitals and the Kempegowda International Airport are all in close proximity, making this a perfect investment.

  •  Project Name: TooGoodHomes by Provident
  • Developer: Provident Housing Limited
  • Location: Thanisandra Main Road, Near Manyata Tech Park
  • Unit Configuration: 888 sq.ft. – 944 sq.ft
  • Rate:  5686/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/472/PR/180808/001982
  • Price Range: 50.49 lakh – 52.59 lakh
  • No of Units: 249
  • Possession Date: 31-Dec-21

  1. Pride Sunrise

Pride Sunrise is a residential project by Pride Group situated at Bannerghatta Jigani Road, Bangalore. Homes at Pride Sunrise have been smartly designed in compact configurations which allow for maximum space optimization, designed by leading architects. It offers 128 units 1 and 2 BHK residential apartments spread across 1.35 acres of land. The project has very close proximity to Electronic City as well as Jigani Industrial Area which is home to the best international workspaces and entertainment hubs. The locality of this project has a high appreciation potential due to its location in South Bengaluru’s fastest growth corridor with excellent infrastructure and Metro connectivity.

  •  Project Name: Pride Sunrise
  • Developer: Pride Group
  • Location: Bannerghatta Jigani Road
  • Unit Configuration: 570 sq.ft. – 797 sq.ft.
  • Rate: 4912/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/308/PR/181103/002126
  • Price Range: 19.94 lakh – 28 lakh
  • No of Units: 128
  • Possession Date:31-Dec-20

  1. Brigade Parkside East

Parkside East by Brigade Group is a unique gated community project located strategically on Sarjapur Road in East Bangalore and is blessed with ready social infrastructure. It offers thoughtfully designed 1 and 2 BHK apartments keeping in mind the specific needs of varying age groups. This community has one set of blocks named CLASSIC, dedicated solely for the seniors, with a range of special services and features. While the other set of blocks named PRIME caters to the lifestyle choices of today’s cosmopolitan families. Wading Pool, Swimming Pool, Mini Golf, Jogging Track/Brisk Walk, Outdoor Gym, Senior Friendly Indoor Gym are some of the key amenities provided by the builder.

  •  Project Name: Brigade Parkside East
  • Developer: Brigade Group
  • Location: Sarjapur Road
  • Unit Configuration: 704 sq.ft to 1252 sq.ft
  • Rate: 5690/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/446/PR/180621/001910
  • Price Range: 40.05 lakh – 68.73 lakh
  • No of Units: 282
  • Possession Date: 31-Dec-20

  1. Brigade Parkside West

Parkside East by Brigade Group is a unique gated community project located strategically on Mysore Road, Bangalore and is blessed with ready social infrastructure. It offers thoughtfully designed 282 units of 1 and 2 BHK apartments span across 5 acres of land parcel keeping in mind the specific needs of varying age groups. This community has one set of blocks named CLASSIC, dedicated solely for the seniors, with a range of special services and features. While the other set of blocks named PRIME caters to the lifestyle choices of today’s cosmopolitan families. Wading Pool, Swimming Pool, Mini Golf, Jogging Track/Brisk Walk, Outdoor Gym, Senior Friendly Indoor Gym are some of the key amenities provided by the builder.

  •  Project Name: Brigade Parkside West
  • Developer: Brigade Group
  • Location: Mysore Road
  • Unit Configuration: 711 sq.ft. to 1266 sq.ft
  • Rate: 5690/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/310/PR/180611/001894
  • Price Range: 40.45 lakh – 69.50 lakh
  • No of Units: 292
  • Possession Date: 31-Dec-20

  1. Iconest 3

Icon Homz bringing up a new housing complex named Iconest 3 in Bommasandra, Bangalore. The property is located just beside the national highway 44, which connects the city to the neighboring city of Hosur to Attibele. It offers 224 units of 1,2, and 3 BHK apartments that are finely crafted and committed to providing houses with unmatched quality. The project is spread across 2 acres of land. Some of the unmatched amenities include a children’s play area, badminton court, landscaped garden, library, jogging track, gymnasium, 24-hours power back-up among others.

  •  Project Name: Iconest 3
  • Developer: Icon Homz
  • Location: Bommasandra
  • Unit Configuration: 475 sq.ft. to 841 sq.ft.
  • Rate: 4737/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/308/PR/181122/002157
  • Price Range: 22.49 lakh – 32.77 lakh
  • No of Units: 224
  • Possession Date: 1-Jun-21

  1. Provident Park Square Phase II

Provident Park Square Phase-2 by Provident Housing Limited is a newly launched residential project located in the prime area of Judicial Layout on Kanakapura Road in Bangalore. Spread across 20 acres of land area, Park Square offers 1, 2 & 3 BHK homes sized from 526 sq. ft. to 1106 sq. ft. with luxurious in-home features as well as amenities at comfortable prices. It offers some world-class amenities these include a luxury clubhouse with over 30 premium amenities and a banquet hall, Micro-mall with retail stores, cafes, ATM Dedicated meditation & yoga deck, senior-citizen court, a children’s play area, cricket pitch, and badminton court among others.

  •  Project Name: Provident Park Square Phase II
  • Developer: Provident Housing Limited
  • Location: Judicial Layout 2nd Phase
  • Unit Configuration: 526 sq.ft. to 1106 sq.ft.
  • Rate: 6538/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/310/PR/180507/001648
  • Price Range: 34.39 lakh – 64.39 lakh
  • No of Units: 208
  • Possession Date: 1-Oct-21

  1. Brigade Parkside North

Parkside North by Brigade Group is a unique gated community project located strategically on Jalahalli in North Bangalore and is blessed with ready social infrastructure. It offers thoughtfully designed 1 and 2 BHK apartments span across 5.32 acres of land, keeping in mind the specific needs of varying age groups. This community has one set of blocks named CLASSIC, dedicated solely for the seniors, with a range of special services and features. While the other set of blocks named PRIME caters to the lifestyle choices of today’s cosmopolitan families. Wading Pool, Swimming Pool, Mini Golf, Jogging Track/Brisk Walk, Outdoor Gym, Senior Friendly Indoor Gym are some of the key amenities provided by the builder.

  •  Project Name: Brigade Parkside North
  • Developer: Brigade Group
  • Location: Jalahalli
  • Unit Configuration: 711 sq.ft. to 1207 sq.ft
  • Rate: 5390/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/309/PR/181122/002152
  • Price Range: 38.32 lakh – 62.64 lakh
  • No of Units: 434
  • Possession Date: 31-Mar-21

  1. Gallium at Brigade El Dorado

Brigade Gallium At Brigade El Dorado an affordable apartment complex situated at Bagaluru Near Yelahanka in Bangalore. It offers 463 units of 2 and 3 BHK apartments, and a total of 12 blocks configured to have 1 basement + ground +21 floor elevations will be offered, upon completion, with excellent structural formulations in accordance to the principles of Vastu. This project has a total area size of 4.2 acres which include key amenities like 10-acre Central Park, Swimming Pools, Two Clubhouses, Kids’ Play Area, Open-air Amphitheatre, Football Field, Community Gardening, Multipurpose Hall, Creche, Cricket Ground, Convenience Store, Gym among others.

  •  Project Name: Gallium at Brigade El Dorado
  • Developer: Brigade Group
  • Location: Bagaluru
  • Unit Configuration: 795 sq.ft to 1068 sq.ft.
  • Rate: 4415/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/472/PR/190427/002540
  • Price Range: 35.10 lakh – 44.60 lakh
  • No of Units: 463
  • Possession Date: 31-Dec-23

  1. Confident Oxygen

Confident Sarjapur Oxygen by Confident Group situated in Sarjapur Road is offering 2 and 3 BHK luxury apartments in 40 acres of vast land with varied amenities like tennis court, basketball court, kids play area, swimming pool, clubhouse and more. These residential apartments in Sarjapur Road are centrally situated and are surrounded by world-class infrastructure and facilities. This project is very close to many international schools and hospitals. It has also close proximity to the new Wipro office and RGA Tech Park.

  •  Project Name: Confident Oxygen
  • Developer: Confident Group
  • Location: Sarjapur Road
  • Unit Configuration: 927 sq.ft to 1114 sq.ft
  • Rate: 5228/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/308/PR/190531/002591
  • Price Range: 48.46 lakh – 57.29 lakh
  • No of Units: 250
  • Possession Date: 30-Jun-22

  1. Provident Equinox

Provident Equinox is a luxury residential apartment project by Provident Housing Limited in the rapidly expanding neighborhood right off NICE Junction, Mysore Road, Bangalore. The project offers 672 units of 2 and 3 BHK spacious apartments with luxurious features in 2.08 acres of land parcel. Amenities at Provident Equinox include a fully equipped clubhouse, landscaped gardens, gymnasium, swimming pools, recreation rooms, outdoor sports courts, a children’s play area, party hall, and 24/7 security to its residents.

  •  Project Name: Provident Equinox
  • Developer: Provident Housing Limited
  • Location: Kambipura
  • Unit Configuration: 883 sq.ft to 1082 sq.ft
  • Rate: 4519/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1251/310/PR/190525/002576
  • Price Range: 39.90 lakh – 49.90 lakh
  • No of Units: 672
  • Possession Date: 31-Mar-22

  1. Provident Capella

Provident Capella is a residential community situated in Whitefield near Hope Farm Junction, Bangalore. This project features 1, 2 and 3 BHK well-built luxury apartments in 6 acres of land. The master plan reveals the presence of 7 towers with Basement + 2 Parking + 11 floors arrangement. 780 units are offered in phase 1 with a size range of 420 sq.ft. to 1100 sq.ft. It is a unique project themed with the concept of a child-friendly environment that helps the kids to engage in several activities. Some of the unmatched amenities include Swimming pool, multi-purpose court, culture club, meditation room, yoga lawn, party lawn, open-air theatre & stage, Kabaddi Court, Outdoor gym, Jogging track, children’s play area, cricket pitch, Skating bowl, Retail, Shopping, and Cafe among others.

  •  Project Name: Provident Capella
  • Developer: Provident Housing Limited
  • Location: Whitefield
  • Unit Configuration: 430 sq.ft. to 1100 sq.ft
  • Rate: 6044/sq.ft.
  • RERA Registration No: PRM/KA/RERA/1250/304/PR/190606/002596
  • Price Range: 25.99 lakh – 56.99 lakh
  • No of Units: 780
  • Possession Date: 14-Dec-23

 

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