Bangalore Real Estate Market Tops for Luxury Homes in the country

Bangalore city that has grown rapidly and has developed fast to become the country’s IT capital and home to many major IT companies and high-net worth individuals (HNIs). With highly dynamic living population and more job opportunities, and favorable climatic condition has made the city to be the most preferred destination to settle down and to invest in real estate market.

Major factors that attract more investors:

• Cosmopolitan city
• Huge number of software professionals and software companies (212)
• A large number of Bangaloreans work in the USA
• The City is home to about 21 engineering colleges and is the highest in the world
• Job opportunities
• Lifestyle quotient

Localities in Bangalore for luxury homes

Vittal Mallya Road, Richmond Road, Ulsoor Road, Sadashivnagar, and Cunningham Road that are known for their posh living and independent bungalows are now paying way to apartments, yet retain its sheen that states its status and prestige.

Indiranagar and Koramangala are some localities in the city center that houses high number of NRIs, HNIs, and first-generation rich tycoons who value exclusive lifestyle in the city center. 

These are the premium locations in the city with no extended supply with significant potential for appreciation. Here luxury apartments are priced in between Rs.6 crore to Rs.30 crore that may seem unreasonable but are reasonable when compared to other metro cities in the country like Mumbai and Delhi.

Considering the space and lifestyle along with the immaculate and grandeur setup the luxury projects located in these localities are priced at an achievable realistic price that ranges in between Rs.9, 000 to 12,000 per sq. ft. whereas these prices cannot be seen in other Indian cities.

Other emerging areas in the city for luxury homes are Whitefield, Hebbal, Yelahanka, and other localities in North Bangalore, which offer a liberal and lavish lifestyle along with high capital value appreciation.

Read more articles from Sovereign Developers Reviews official blogs.

Sovereign Developers Reviews on Residential Projects

Sovereign Developers and Infrastructure Limited has successfully achieved it milestone in the real estate business. They have several contractual and own completed, under construction and recently launched residential projects.The company has also several satisfied customers across the Bangalore. The construction work of Sovereign Unnathi, one of their own luxury apartment project going to be completed. For more details go through the websites.

Sovereign Developers Reviews on Unnathi and Sonaa Projects from Sovereign Developers and Infrastructure Limited

A Spooling Water Catastrophe to Throttle the Bangalore Real Estate Market

With many other blockades and challenges to overcome, the real estate is likely to be devastated due to severe water crisis. Bangalore City called as the IT Capital and Silicon City of the country is rated as the rapidly growing metro city, which will become a victim of water crisis in the future in the current situation continues to remain the same.

According to a recent assessment of BWSSB, the demand for water in a single day measures about 840 million liters whereas the availability of water for supply is just 135 million liters in a day.The estimation shows a huge difference between the demand and supply, which frighteningly mounting.

The chief crucial factor to make sure that everyone gets water is through effective controlling and management of available water supply with zero wastage.One of the researches also revealed that only 40 per cent of waste-water goes to treatment plants and the remaining 60 per cent goes to storm water drain that contaminates groundwater and lakes. With efficient water management at least 250 million liters of water could be saved every day.

The scarcity of water is outwardly taking the Bangalore real estate market on a toss to prove this the groundwater level has severely dropped in and around Bangalore International Airport (BIA) and the reason for the drop is undeniable real estate boom in the locality.

Refer Sovereign Developers official blogs to get latest news and updates on real estate industry India.

Sovereign Sonaa Luxury Apartment - SDIL

Sovereign Sonaa is a luxury residential apartment project whose construction work has already started. The architectural designs and master plan of the project is done according to latest models. It is spread over on 9 acres of land. The project will be upcoming with 12 high rise towers and 850 Flats. It is provided with international level standard amenities such as jogging track, club house, swimming pool with toddler's pool, children's play area, lush green landscaped garden, sewage treatment plant, coffee/ tea shop, coffee/ tea shop, rain water harvesting and more. The builder aims at providing high status life style to the customers of the project. For business deals please go through the official websites of the company.

Construction Status Images of Sovereign Unnathi Residential Project

This Slideshare Presentation talks about the latest construction status images of Sovereign Unnathi residential apartment. The construction work of the project is going to be completed within few days. Also builder is trying to finish it soon and hand over to the customers. The uniqueness of this luxury apartment project is affordability and very low price structure of the flats as compared to the current market price. Sovereign Developers and Infrastructure Limited is the builder of the apartment. For more details go through the presentation and official websites.

Latest Images of Sovereign Unnathi Construction Status from Sovereign Developers and Infrastructure Limited

Government Websites to Verify the Authenticity of Properties and Developers

The Uttar Pradesh Chief Minister Akhilesh Yadav asked the construction builders of Noida, Yamuna Expressway and Greater Noida to update their information on the official websites through their decision. The reason behind this decision is to protect and safeguarded the buyers from being deceived.

Responding to this decision taken by the UP government, the Chairman of Noida, Yamuna Expressway and Greater Noida authorities said that they have started to look for server space to buy for their websites to upload their property related details. He also added that they have premeditated to upload all land ownership and title-related details on their website along with the lease deed terms and conditions, status of the building layout plan that is waiting for an approval and other no objection certificates (NOCs) and notices issued to developers.

The layout of approved plan copy and other sanctions will also be uploaded by the builders to make the purchasing process easy and the whole procedure is likely to be completed by the end of this year.

Real estate developers have welcomed this decision of UP government and regard it as a huge step towards developing transparency between builders and the property buyers. This decision instigated will help the buyers to verify the genuine developers and to be aware from fake builders and this will also give impetus to the confidence levels among the investors in the real estate market.

This websites will also help the buyers to take wise decisions while investing in the market and will make them to understand about the builders projects in a better way. CREDAI and the association of developers are now targeting the NRIs to invest in the projects and who will also be able to verify about the builders through this reliable government websites.

For more articles and update news go through Sovereign Developers Reviews official blogs.

Sovereign Developers Awards and Certificates

Sovereign Developers and Infrastructure Limited is one of the famous builders in Bangalore. They focus on both commercial and residential real estate business. The company has several completed projects in Bangalore that are Vakil Hosur Hills, Paramount Pilatus, Shriram Adithya, Span Center and more. Currently they have three major residential projects called Sovereign Unnathi, Sovereign Sonaa and Sovereign Lakeview which are under construction. They also won many awards from reputed organization and communities for their excellent realty business. The principal aim of the company is to provide affordable housing to every Indians with maintaining constant quality. For more details regarding the company business and their properties go through the official websites.