The Hot Picks From Bangalore Realty

Who hasn’t heard the name of India’s Silicon Valley? Being the country’s paramount information technology exporter, Bangalore ranks amongst the top ten entrepreneurial destinations, thanks to its multifarious job opportunities and perennial pleasant climatic conditions. These factors further contribute in making Bangalore a favourable realty hub with outstanding IT infrastructure. And even though the general sentiment in the Indian real estate market is that of gloom, certain areas of Bangalore are bustling with real estate expansionary activities. This growth can be affiliated to the growing IT infrastructure, the upcoming metro projects, new international airport and construction of roads, flyovers and underpasses which are proving to be a catalyst in the realty development of these regions.

It is an incontestable fact that wherever infrastructure development occurs, rapid real estate development follows in its wake, bringing with it lucrative investment opportunities. And undeniably, real estate investment is all about ‘right timing’. This article will explore some hot realty spots in Bangalore that are buzzing with swift infrastructure development, rapid rise of residential and commercial projects and are showing huge potential for a realty upswing.

The measures that have been taken to revamp Bangalore focus on improving connectivity to central business districts and physical and social infrastructure that have enabled many regions to emerge as self-reliant micro markets. Prominent among them are Whitefield, Electronic City and Old Madras Road, which despite the depreciating prices, have managed to stay afloat owing to their promising infrastructure, high-end realty ventures and proximity to reputed IT firms.

The coming of International Tech Park in Whitefield initiated the evolution of realty infrastructure in this region spearheading development in East Bangalore for over a decade now. The presence of many IT parks, shopping destinations and high end residential projects make Whitefield a highly preferred destination of investors and home buyers. Moreover, the completion of Outer Ring Road (ORR) providing a signal-free stretch from Silk Board Junction to Hebbal via Electronic City to Whitefield has increased the connectivity in Eastern Bangalore. Both Whitefield and Electronic City boast of major IT companies, finest dining restaurants and hotels, well known schools, colleges and hospitals and close vicinity to SEZs.

When it comes to the residential segment, both Whitefield and Electronic City have witnessed momentous progress over the years. The rising rentals and prices and the fast paced city life has forced many people in Bangalore to move to the outskirts, their preference being Whitefield due to its affordable prices. Following is a brief discussion of some flagship projects in Whitefield and Electronic City that are in great demand. Republic of Whitefield comprises of lavish 2 and 3 BHK apartments sprawled across the urbane suburban landscape of Whitefield right behind Divyasree Techno Park, EPIP, Kundalahalli. Assetz Marq is another significant residential venture in Whitefield that offers elegant 2 and 3 BHK residences varying in area from 1245 sq. ft. to 1639 sq. ft., covering 28 acres of vast green expanse. Godrej United is a residential marvel by Godrej Properties offering 1, 2, 2.5, 3 and 4 BHK housing units that are surrounded by 80 per cent open spaces and enjoy smooth connectivity and proximity to important social utilities. Another sought after project in Whitefield is Serene Town, a joint venture between VBHC and Axis Spaces that consists of 220 extravagant apartments in 2 and 3 BHK options offering tranquil and comfortable surroundings to home buyers.

In the case of Electronic City, Godrej E City is in popular demand owing to its carefully crafted 1, 2, 2.5 and 3 BHK apartment units, world class facilities and infrastructure and 70 per cent open green spaces. VBHC Vaibhava is another flagship residential project located at Chandapura-Anekal Main Road comprising of 2 and 3 BHK residences with area ranging from 614 sq. ft. to 989 sq. ft. available at affordable rates.

This realty buzz is also spilling over to areas near Whitefield and Electronic City. One such region is Old Madras Road (OMR), an arterial road connecting Whitefield, Outer Ring Road and Indiranagar to the city. OMR, previously an industrial area, has now been converted for residential use, experiencing rapid urban growth in the process. Its connectivity to Ring Road, RMZ Infinity and Bagmane Tech Park, MG Road, Byapanahalli Metro Station and the airport has caught the attention of some major realty developers. Salarpuria Sattva has launched a premium residential project called East Crest near Budigere Cross on Old Madras Road which consists of 1, 2 and 3 BHK apartments ranging from 598 sq. ft. to 1530 sq. ft. The project is very close to the upcoming SEZ zones and the International Airport. Nitesh Virgin Island is another sough after project offering premium and exquisite condominiums that have within a 10 km radius schools, colleges, malls, hospitals and IT Parks.

Other areas that one can look out for in Bangalore are the settlements around Ring Roads and Bidadi in South-West Bangalore. The improved connectivity between Bangalore and Mysore owing to the four-lane State Highway and the upcoming Bangalore Mysore Infrastructure Corridor has pushed the realty development in the region of Bidadi. In case of North Bangalore, the Devanahalli International Airport has played a major role in transforming the landscape of localities like Bellary Road, Devanahalli and Yelahanka.

The ever increasing IT companies have made Bangalore an ideal location to live in. Ranked as the fourth best IT hub globally and the fifth fastest growing city in Asia, Bangalore is not only a favourite of domestic buyers but has also managed to capture the attention of NRIs, becoming the top most choice of Indian investors, both at home as well as abroad.

Condo Picks for Bangkok’s Phrakanong District

New condominium and apartment blocks seem to spring up every fortnight in Bangkok. Over the course of a year, it’s not uncommon to see two dozen or more well-appointed and well-located buildings materialise in the central areas of the city. This gives plenty of opportunity for anyone looking to lease or rent residential properties near the Bangkok BTS or MRT train networks.

Location, Price, Facilities, Style, Design, Views?

Obviously not all new condos and apartments in Bangkok are as appealing as each other. Inevitably, some stand out from the crowd for a whole host of reasons, some of the most common being:

  • Location
  • Price (value for money)
  • Facilities
  • Service management
  • Style & design
  • Neighbourhood
  • Surrounding views

It is never just a single factor that makes one building better than the competition. Here I have put together what I think are the overall best current choices in condos and apartments to rent around the Thai capital for the current market.

Just like all “best of” lists, my choices here are subjective. I’m sure any reader with an in-depth knowledge of the Bangkok property market will dispute some of my choices and argue that there are other buildings more worthy of the praise. I’ve not onely listed condos and apartments that I personally like the look of though, but also ones which have been given good feedback by expats living in the city. In other words, some or my top picks have been tried and tested.

Le Luk Condominium In Phrakanong

The first Bangkok condo I will look at is the Le Luk Condominium in Phrakanong. This building is located just a five minute walk from Phrakanong BTS station. Le Luk offers studio, one, and two bedroom units for rent. The building opened its doors for the first time in the summer of 2011. One of the initial attractions of this condominium is the size of the living areas when compared to the relative size of many newer projects coming onto the Bangkok real estate market.

Over the last 5-10 years there has been quite an increase in well-located, well-appointed, modern condo and apartment constructions in Bangkok. And, due to the popularity and convenience of the MRT and BTS lines, many of these properties have been located within just 500m-1km of a station.

However, the one draw-back of the current housing boom has been the shrinking living space. Condominium units, in general, have been getting smaller and smaller with each passing year. This is where the Le Luk comes into its own as an accommodation of exceptional value for money. With Studios as large as 40sqm, one bedroom condos over 50sqm, and two bedroom units over 80sqm, these units are not only well designed, bright, and airy, but also genuinely spacious when compared to many of the newer projects.

Le Luk – The Conclusion

Le Luk condominium combines the best of both worlds for those looking to reside in mid-range accommodation in Bangkok. It has both the stylish design and architectural advantages of a new building, combined with the size and spaciousness of much older constructions. Also, factor in the value for money represented in the rental price, then Le Luk is undoubtedly one of the best Bangkok condos currently on the market.

The Sky Walk Condominium Phrakanong

The Sky Walk is another condominium that has units to rent in Phrakanong. It too is within close proximity to the BTS Phrakanong skytrain station, and like the Le Luk condo above, the Sky Walk also offers excellent value for money. This building only opened its doors in 2012, but has already proved to be a big hit amongst our clients. With excellent facilities, great lay-outs, and bright open rooms (thanks to large windows), which bestow spectacular views of the city, makes the Skywalk condominium another popular choice.

Units available include studios, plus one and two bedroom options, all of which are relatively large in size for this market. The Sky Walk caters for a wide range of foreigners looking to rent in Bangkok.

A new commercial and retail building opened in the same compound provides the residents of Sky Walk easy access to restaurants, shops, and supermarkets, which makes renting a condo here even more appealing than when it first opened. And the Skywalk is also set to become one of the few condos in Bangkok that’s connected to a BTS station (in this case, the Phrakanong BTS) via a sky bridge.

Sky Walk – The Conclusion

All these things and more, make the Sky Walk a great Bangkok residential building, not least because of its location, facilities, amenities, and value for money.