“Bengaluru has been a stable market that has witnessed a gradual increase in capital values; however average rental yields are comparatively better ranging between 2-4% as compared to cities like Mumbai where yields are about 1-3%,” – Cushman and Wakefield.
Where is Kanakapura?
Kanakapura is situated in Ramanagara district, which is celebrated for its silk and is also known as Silk City. It is sited just 55 kilometres from Bangalore city center. It is now a state highway that is also becoming busy environs.
What’s there to see in and around Kanakapura?
Kanakapura provides easy access to many idyllic picnic spots that are ideal for a day trip or a brief getaway from the noise of the city. Here are a few of them.
Thottikallu Falls or TK Falls, also known as Swarna Mukhi falls, is situated off Kanakapura Road, about 32 kilometres from Bangalore city.
Turahalli Forest is situated about 20 kilometres from Bangalore off Kanakapura Road and has recently become popular among cyclists.
Chunchi Falls, situated just about 30 kilometres away from Kanakapura, is popularly rated as one of the most beautiful waterfalls near Bangalore.
Bilikal RangaswamyBetta is situated around 30 kilometres away from Kanakapura and is popular among tourists. The name ‘bilikal’ is resulting from the whitish colored rocks that dot the hillside and the temple atop the hill.
The Art of Living center is situated in a 65-acre area and offers a lot of attractions for an enjoyable day trip.
Puravankara Ltd ventures with Singapore-based Keppel Land
Realty firm Puravankara Ltd is set to invest Rs 600 crore to construct an affordable housing project in Bengaluru.
The project, including 2,100 units, will be established on a 20-acre land parcel which is retained by Keppel Puravankara Development Pvt Ltd. It is a joint venture between Puravankara and Singapore-based Keppel Land. Puravankara has introduced its first finest affordable housing project of the year ‘Provident Park Square’ with a deal of Rs600 crore, the company said in a statement.
“Approximate investment of Rs 500-600 crore with an estimated top line of Rs1,100-1,300 crore in the next four to five years,” the company said. The apartments are placed between the range of Rs27-54 lakh.
Puravankara: The property giant
Puravankara Limited is one of India’s foremost listed real estate company with its headquarters in Bengaluru. The company commenced on its remarkable journey 42 years back in the year 1975 with a strong vision and mission to deliver quality homes. There are several Puravankara projects in Bangalore which are at various stages of development which have elicited a huge response from both investors and home seekers.
In the last four decades (42 years) the company has branched out into two distinct and prosperous brands on Indian real estate map. The top brand Puravankara tailors for the premium end of the spectrum, while the Provident brand customizes in the premium affordable segment.
Provident Park Square: Imparting stability to the ‘Silicon Valley’
Provident Park Square is a glamorous home at Silicon Valley of the country can hone your lifestyle. Established by one of the primary real-estate firms of the country, the suburban complex offers a wide range of amenities to the residents. The demand for excellent homes in Bangalore is on a high rise, due to the profitable importance of the place. In the last decade, the prices of suburban apartments in the area have observed a rise. You can enjoy the gym, swimming pool, jogging tracks and a number of indoor and outdoor games. Besides, it has got an advanced 3-tier security system and uninterrupted power and water supply 24/7. You can also relish your time in the badminton court, clubhouse, hobby classes, and other areas.
January 31, 2018