Embassy Pristine - Outer Ring road

Residential Apartments - Bangalore

Project Type : Residential Projects

Project Location : Outer Ring Road, Koramangala, Bangalore, Karnataka, India

Overview

Just as the name suggests, Embassy Pristine is about living the good life, yet minimizing your impact on the environment. It is about enjoying the best nature has to offer in terms of unspoiled, serene surroundings. Pristine is truly a haven, blessed with open area on three sides - something that's practically impossible to find in the city today. Situated on a waterfront, the property overlooks a 1000-acre heritage lake, one of the oldest in Bangalore. On one side it is bordered by densely wooded defense land and enveloped by rolling grasslands on the other. These truly green homes give you an inspiring view of nature.

You can quite forget that you are living in an apartment when you live at Embassy Pristine - it has all the features of an independent home: a private entrance that screens you from the neighbours; plenty of room to live, work, play and entertain; floor to ceiling windows that open onto scenic views; balconies and gardens that express your connection with nature.

Embassy Pristine embraces waterfront living. It has been designed and will be built on the underlying principles of Green buildings for the IGBC Green Homes Gold Certification. It is a place where what the Earth has to offer is replenished and your footprint upon the Earth is gentle. It holds regard for future generations and the environment that they will inherit.

The energy of the sun is harnessed for solar heating, while rainwater is harvested and reused. Floor to ceiling windows minimise the need for artificial lighting while the lighting provided is energy efficient.

It is a home where you can teach your children to be responsible and inculcate a healthy value for the environment, where they can appreciate beauty, and be inspired to think.

So close, yet so far removed

Embassy Pristine is located off the Outer Ring Road, just 3 km from Koramangala, with easy access to educational institutions, shopping malls, hospitals and the main IT corridor. Which minimises your commute to work or school, yet offers you a pleasantly relaxed lifestyle at home.

Relaxation for the whole family – one of the largest clubs in the city

Measuring close to 60,000 sq ft, the Club at Embassy Pristine enjoys the distinction of being one of the largest clubhouses in Bangalore. A leisure club with the latest facilities, it maintains standards on par with international clubs. So you and your family can enjoy a host of recreational activities.

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K Raheja Vivarea Koramangala

3,4 & 5 BHK Apartment - Bangalore

Project Type : Residential Projects

Project Location : Ring Road, Sarjapur Road, Koramangala, Bangalore, Karnataka, India

Overview

K Raheja Vivarea 3, 4 & 5 BHK Apartment ranging from 1.87 CR to 4.61 CR

Vivarea is set to become one of K Raheja groups flagship projects. Modeled after the hugely successful 'Vivarea' Bangalore is located in the heart of Kormangala, a location that offers a desirable mix of infrastructure, connectivity, civic amenities and entertainment.

K Raheja Vivarea is located at Koramangala in Bangalore. Koramangala lies within reach of vital transport terminals like the intermediate Ring Road, Hosur Road that leads to Elecronic City, Sarjapur Road that leads to Outer Ring Road, MG Road, and The City main Hub just a few minutes away.

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unit of ASSETS Property Solutions - solutions for living-style

M : +91 97399 32078 I E : ps@dealsonhomes.in I W : www.dealsonhomes.in

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Rajajinagar and Peenya localities to get metro connectivity soon

Bangalore

After residents of Byappanahalli, Indiranagar, and MG Road, it will be the turn of people from Malleswaram, Rajajinagar, Yeshwantpur and Peenya to enjoy "life in Namma Metro".

With the successful launch of its services on the Eastern Reach 1 corridor behind it, the Bangalore Metro Rail Corporation (BMRC) is now eyeing the start of commercial operations on its northern Reach 3 and 3A corridors by December 2012.

Reach 3 is from Swastik station behind Mantri Mall to Yeshwantpur (5.1km) and Reach 3A is from Yeshwantpur to Peenya Industrial Area (4.8km). "Operations on the 6.4-km Reach 2 between Mysore Road and Leprosy Hospital will have to wait for the underground section but Reach 3 can start earlier as the Peenya depot will get ready before the underground section," confirmed a BMRC spokesperson.

The corporation feels that work on the underground section will take another two years. Almost 75% of the viaduct and 99% of foundation work of stations on Reach 2 are completed but work has slowed down because of the fact that trains cannot be plied on that stretch without a depot.

BMRC officials are looking at alternatives like having a maintenance shelter on Reach 2 so that trains can be stationed there and maintenance of coaches and train systems can be taken up.

The current deadline for Phase 1 of Namma Metro expires by mid-2014. The BMRC is also looking at ways to ensure that the city can reap the full benefit of Metro much earlier. As work on underground stations may require longer time than for underground tunnels, the BMRC is considering running trains via the tunnels without stopping at the stations on the underground stretch, highly placed BMRC sources said.

Source: The Times of India, Bangalore

Mapletree Buys Bangalore Tech Park

Bangalore

Mapletree India China, a wholly-owned subsidiary of Temasek Holdings, Singapore, has acquired 100% stake in a Bangalore technology park for Rs 800 crore. This is the largest private equity deal in the city's real estate sector in three years.

The international fund, which invests in real estate firms, has completely bought out the promoters of Assetz Global Technology Park, at least three people with direct knowledge of the deal told ET.

The project is a joint venture between development and marketing firm Assetz Property Group and Delhi-based investor Mithilesh Tripathy. "The promoters did not have funds to execute the project. The deal was closed at 4,000 per sq ft, which, though big, is lower than expectations," said an investment banker who did not want to be named.

Multiple banking sources familiar with the development said the company was in talks with funds such as Mapletree and GIC to liquidate the plot since last year and Mapletree emerged as the front-runner to buy the asset. Assetz Global Technology Park confirmed the development but refused to name the fund house. "The due diligence is going on and the deal is yet to be signed," said a senior executive at AGTP. Tripathy could not be reached for comment.

Global Tech Park, on Bangalore's Outer Ring Road, is an integrated mixed use development, which has usable area of 15 lakh acres or 2.5 million sq ft. As of October 2011, 5 lakh sq ft of developable area within the business park was operational, leased to LSI Logic, an infotech firm.

"The park was tailored to meet the needs of IT occupiers in Bangalore and was expected to be fully in operation by 2011, but was put on hold," said another person having direct knowledge of the deal. So far, the company has developed 3 million sq ft of commercial space and has around 30 million sq ft under construction that is slated for completion in three-five years. Even as many builders in other big cities of India are finding it difficult to raise funds for their projects, Bangalore has been attracting large PE deals.

The largest real estate priported in the real estate, housing and construction sectors, an increase of 30% in aggregate PE deal value when compared with the April-June quarter and a decrease of 34% when compared to the same period last year, says a report by Ernst & Young.
Bangalore continued to see healthy transaction activity in the same quarter, especially in the large office formats. The city recorded a vate equity deal closed in 2011 when Blackstone picked up 37% stake in Manyata Tech Park, the country's largest operational tech SEZ for over . 1,000 crore ($200 million). The property is a JV with south-based Embassy Property Development and landowner, Veeranna Reddy.

During the July-September quarter this year, PE deals worth $324 million were retotal absorption of 7 million sq ft till Q3 of CY2011, an increase of 20% over last year, with corporates looking for consolidation and expansion plans, mentioned a report by CB Richard Ellis, a market research firm.

"There is a huge demand for commercial real estate in Bangalore, but the challenge is unavailability of ready-to-occupy space. Absorption is expected to cross 10 million sq ft by the end of 2011," said Ram Chandani, deputy MD, south India, CBRE.

The third quarter saw stronger leasing activity with HUL's lease of 400,416 sq ft in Prestige Shantiniketan. Airbus took 120,000 sq ft in Xylem, Broadcom leased 260,000 sq ft in RMZ Ecospace and NetApp picked up 112,029 sq ft in Embassy Golf Links.

Assetz is a property development service company with a focus on complex, mixed-use, investment grade projects. Assetz follows a structured approach to developing and delivering real estate projects — from land identification and inception design, construction, financing, marketing, final occupation to ongoing asset management.
The Mapletree India China Fund is a dualcountry total return fund, which aims to harness the secular growth in both the countries. The fund invests in commercial, residential and mixed developments in tier-I and tier-II. As on December 31, 2010, the Mapletree Group owns and manages more than $14.4 billion of office, logistics, industrial, residential and retail/lifestyle properties, comprising $7.1 billion of owned real estate.

Source: The Economic Times

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Demand for Bangalore penthouse rentals slumps

Bangalore

A simple search on penthouses on rent in Bangalore throws up umpteen options. The super rich, who bought these trophy flats at a premium, are now fishing for tenants. Many penthouses with a good view, location and space have remained unoccupied for the last 4-6 months as owners are holding steady on rental rates even as demand has slumped.

Many landlords are keen on corporate leasing. But the prevailing cautious sentiments have forced companies to be prudent with high value tenancy deals. Besides, tenants have the option to rent a villa for the price of a penthouse.

"Penthouse is a premium product. The number of enquiries from expats has fallen after the slowdown. The rental values for penthouse flats are now 15-20% less compared to the 2007 levels," said M R Jaishankar, CMD of Brigade Group.

In Bangalore, penthouse sizes range from 3,000-5,000 sft. As penthouses rents are steep, MNCs are evaluating small configurations with lower rentals. "There is very little demand for penthouses demanding a rent of Rs 2.5-3 lakh per month," said Anuj Puri, country head, Jones Lang LaSalle India.

A 4,000-sft penthouse at Lakeside Habitat in Hebbal with an additional terrace space of 1,500 sft is priced at Rs 2.5 lakh a month. "One of the VPs of IBM vacated the flat. It has been lying vacant for the last 4 months. We will fill the vacancy. However, many tenants are negotiating on the rentals asking us not to increase rent when the contract comes up for renewal," said Siddique Beary, director of Beary's Group that developed Lakeside Habitat.

A 4-BHK penthouse in Prestige Acropolis measuring 3,100 sft commands a rent of Rs 1 lakh. A duplex penthouse in Sobha Ivory on St John's Road is available for rent at Rs 1.30 lakh. Penthouses in Embassy Habitat, Prestige Shantiniketan, Vaswani Exotica are lying vacant for a few months, say sources tracking the sector.

A 4,500-sft duplex penthouse in Nitesh Buckingham on Lavelle Road commands Rs 3.50 lakh as monthly rental. One in Mantri Sarovar in HSR Layout is available for Rs 82,000 a month. "The supply outstripped demand especially on the periphery. The incremental supply also indicates investor stock in the market," said Anand Narayanan, national director-residential in property consultancy Knight Frank India.

The rental yield on penthouse flats has reduced over time. "A rental yield of 4-5% is very optimistic. A 2% rental yield on capital value of Rs 10,000 per sft is more practical," he added.

As companies move away from perquisites to a cost-to-company structure (CTC), employees have more options. "This allows employees to consider smaller configurations at around Rs 1 lakh rent. When rent is as high as Rs 2 lakh, one would wonder if it would be more economical to purchase something. The rental market can stay afloat if there is an imminent capital value correction," said Prashanth Sambargi, partner at Mars Realty.

Source : www.magicbricks.com

Hosur Road offers affordable housing options

Bangalore

Hosur road, a locality in South Bangalore has emerged as one of the preferred affordable residential areas in Bangalore. Economic drivers of growth here are improved connectivity through the elevated Highway, proximity to malls, education and medical facilities and infrastructure development. In addition, the road is part of NH-7, and IT hub Electronic City runs along the same road.

One of the major reasons that this locality is witnessing an increase in demand for houses is the emergence of social infrastructure around South Bangalore like the NICE Road, and the upcoming Peripheral Ring road project. The presence of companies like Wipro, Quinnox Consultancy Services Ltd, Cresys Technologies, among others attracts professionals to this part of the city. Moreover, since eateries such as McDonald's, Little Italy, and Manchester United Restaurant are closeby, it is also another factor for people to live here.

S S Asokan, Executive Director, Shriram Properties believes that Hosur road market will take off within 5 to 7 years from today. "Industries, technology companies are coming up there. Electronic City will see a lot of better quality infrastructure," he added.

Although this area boasts of positive factors for growth, yet it also offers many affordable options. The capital value of apartments in this area are between Rs 2,500 to 3,200 per sq ft. Ramani Sastri, CMD, Sterling Developers pointed out that Janadhar on Hosur road has houses available in the range of Rs 5 to 7 lakh and the area would be between 415 and 700 sq ft.

Introduction of metro lines in South Bangalore will also boost demand for residential properties further. Prominent projects in this area are Ganga Vertica by Goel Ganga Group, Vakil En Casa by Vakil Housing Developers, Salarpuria Sattva Greenage by Salarpuria Group, Skylark Zenith by Skylark Mansions Pvt. Ltd, Sipani Grande by Lifestyle Homes, among others.

Source : www.magicbricks.com

Outlook positive for Bangalore North

Bangalore

After the airport was relocated to Devanahalli, the area became a much sought-after region for office development. Many corporates now have large chunks of land in the vicinity of the airport. Though development of these office spaces is yet to take off in a big way, there is a lot of buzz with the government also earmarking an aerospace park and IT park.

Infrastructure plans coupled with better connectivity is what will give this region the edge. The plan to make the Outer Ring Road (ORR) a signal-free seamless corridor will have far-reaching implications on growth along its route. The stretch from Hebbal flyover to Beninganahalli, in particular, has a lot of scope for commercial development. There are many residential projects along here and this will result in a reasonable number of commercial development too.

On the 3,000 acres of land on which the hardware, IT/BT and aerospace parks will be coming up near the international airport, there is also provision to develop residential facilities for people working in those industrial plants on about 250-300 acres of land.

The proposed high speed rail link, and signal free road which is being constructed, to the airport are the major factors driving demand in this region.

Residential catchments   

The Doddaballapur Road has emerged as a destination for residential clusters. The Greater Peenya Industrial Project along with the National Highways of India's elevated expressway has resulted in many residential projects emerging here. There will be a demand for affordable housing projects too from the industrial workforce here.

Though there is a supply of good housing projects in this region, it remains to be seen how the absorption takes place. The connectivity factor will have to be factored in.

Retail sector   

This part of the city is also witnessing a new retail market emerging. The New BEL Road is now a thriving high street shopping avenue. The Outer Ring Road (ORR) too is witnessing the emergence of retail outlets and chains to cater to the residential areas in the vicinity.

"The demand is there and the rentals are also quite high," says Sanjay Tiwari, brand manager of a store. "The introduction of FDI in multi-brand retail will lead to increased demand, which in turn will catalyse more investment opportunities in organised retail. A key differentiator of the retail sector is that it penetrates beyond the top seven cities, into areas where there is a significant shortage of wellplanned, well-developed and professionally-mana g ed shopping centres. In other words, the organised retail real estate market will spread more uniformly and more lucratively for all concerned," says Sanjay Dutt, CEO – Business, Jones Lang LaSalle India.

"The spread of organised retail's geographic footprint is a factor that retailers, depending on their product categories as well as short-term and long-term business objectives, will target. Hypermarkets will absorb the highest amount of retail real estate in Tier II and Tier III cities. Among these, they will focus on the top 35 cities – those with population bases of one million or more – in the first and second phases. Though the spread will happen in all regions, it will take place in clusters rather than in the form of carpet-bombing, since availability of retail logistics and infrastructure play a significant role," adds Sanjay.

All this will mean a sizeable chunk of the retail sector being located in the city, as its infrastructure and IT workforce will play a significant role.

Source : www.magicbricks.com

Bangalore

Despite the sluggishness in the real estate market, some recent land transactions indicate that land values remain resilient.

In one of the biggest land transactions in Bangalore in recent times, Ashok Piramal-promoted Peninsula Land has bought close to 4 acres in JP Nagar for Rs 123 crore in an all cash deal. That's Rs 30.75 crore for each acre or Rs 7,059 per sft.

"The transaction is significant as developers are showing the appetite to buy land at over Rs 7,000 per sft," said Farook Mahmood, CMD of brokerage firm Silverline Realty. Parts of South Bangalore command as much as Rs 8,000-12,000 per sft in some of the residential developments.

Rajesh Jaggi, MD of Peninsula Land, said the company was planning a high-end residential tower, with apartments starting at Rs 2.5 crore, in the JP Nagar property.

Bangalore-based developer RMZ Corp has been negotiating with Siemens to buy its 8-acre land in Koramangala. That transaction, if completed, may involve a total valuation of Rs 380 crore, or Rs 47.5 crore an acre. This is closer to the city centre than the Peninsula Land property. "We need clear land titles for the price we are paying. We are negotiating with Siemens on this," said Suresh Menda, VP of RMZ Corp. The land used to house a Siemens automotive components factory. If RMZ closes the Siemens deal, they intend to launch a high-end residential project at Rs 12,000 per sft. Nitesh Estates, Hiranandani Upscale and others are also said to have bid for the plot.

Land transactions in 2010 generally happened at much lower rates. Delhi-based developer DLF last year sold 15 acres in Whitefield to data management company NetApp for Rs 120 crore. That's Rs 8 crore an acre.

About six months ago, Mantri Developers bought 28 acres on Kanakapura Road at a per acre land value of about Rs 9 crore.

The company wants to use it to develop apartments priced at Rs 60-70 lakh.

Source : www.magicbricks.com

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Prestige Sunnyside  Is this email not displaying correctly? View it in your browser.                       Property Care : +91 97399 32078 Prestige Sunnyside the brighter side of luxury  Prestige group launches its new project Prestige SunnySide at off the Marathalli-Sarjapur ORR Bangalore. Its offers 2/3/4 bhk apartments where sizes are varying from 1370 sq. ft. to 2439 sq ft. with world class infrastructure & luxurious amenities.  Type Size  (in sq ft) 2BR-2T 1311 sq ft 3BR-3T 1760 sq ft 3BR-3T 1875 sq ft 3BR-3T-1SR 2124 sq ft 4BR-4T-1SR 2439 sq ft * BR-Bedroom, T-Toilet, SR-Servant Room  * Above mentioned area is Super built-up area. All prices mentioned above are approximate. PLC, Car Parking, Maintenance, Club charges etc as applicable. Launch Offer Rs. 4350 per Sq.ft Hurry limited period offer  follow on Twitter | friend on Facebook | forward to a friend  Copyright © ASSETS Property Solutions, All rights reserved. Our mailing address is: assetsproperty@gmail.com  Contact Us Mr.Prakash Singh +91 97399 32078 sales@dealsonhomes.in www.dealsonhomes.in  unsubscribe from this list | update subscription preferences

Sent to assetsproperty@gmail.com — why did I get this? unsubscribe from this list | update subscription preferences ASSETS Property Solutions · 107/15-1 25th Cross · 6th Block Jayanagar · Bangalore 560082

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Please ignore this email, if not interested in viewing the below content Is this email not displaying correctly? View it in your browser.   Pre-Launch Offer AQUAGREENS KENGERI , Mysore road The Colours of serenity across a blue sky  Reflection of life on a blue lake Finely-crafted homes  Rising above all mediocrity Buy a 2/3 Bedroom apartment Get a spectaculer lake views free ! Units in 2 Bedroom ranging from 1117 to 1347 Sq.ft             3 Bedroom ranging from 1418 to 1676 Sq.ft Pre Launch - Rs.2350 / Sq.ft  LIFESTYLE AMENITIES Swimming pool I Toddler's pool Gym I Badminton Court I Baseket Ball Court Lakefront landscaped garden with gazebos Party Hall I Kids play area Elevators I 24x7 Security Intercom in each unit Piped cooking gas with gas bank in complex* Bank Approved ICICI Bank I Canara Bank I State Bank of Mysore I Syndicate Bank I Corporation Bank I Punjab National Bank I and many more.. For more information contact ASSETS Property Solutions  Customer Care : +91 97399 32078  follow on Twitter | Facebook | forward to a friend  Copyright © 2011 ASSETS Property Solutions Bangalore All rights reserved. Contact Us sales@dealsonhomes.in www.dealsonhomes.in  unsubscribe from this list | update subscription preferences

Sent to assetsproperty@gmail.com — why did I get this? unsubscribe from this list | update subscription preferences ASSETS Property Solutions · 107/15-1 25th Cross · 6th Block Jayanagar · Bangalore 560082

 

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Please ignore this email, if not interested in viewing the below content Is this email not displaying correctly? View it in your browser.   Pre-Launch Offer AQUAGREENS KENGERI , Mysore road The Colours of serenity across a blue sky  Reflection of life on a blue lake Finely-crafted homes  Rising above all mediocrity Buy a 2/3 Bedroom apartment Get a spectaculer lake views free ! Units in 2 Bedroom ranging from 1117 to 1347 Sq.ft             3 Bedroom ranging from 1418 to 1676 Sq.ft Pre Launch - Rs.2350 / Sq.ft  LIFESTYLE AMENITIES Swimming pool I Toddler's pool Gym I Badminton Court I Baseket Ball Court Lakefront landscaped garden with gazebos Party Hall I Kids play area Elevators I 24x7 Security Intercom in each unit Piped cooking gas with gas bank in complex* Bank Approved ICICI Bank I Canara Bank I State Bank of Mysore I Syndicate Bank I Corporation Bank I Punjab National Bank I and many more.. For more information contact ASSETS Property Solutions  Customer Care : +91 97399 32078  follow on Twitter | Facebook | forward to a friend  Copyright © 2011 ASSETS Property Solutions Bangalore All rights reserved. Contact Us sales@dealsonhomes.in www.dealsonhomes.in  unsubscribe from this list | update subscription preferences

Sent to assetsproperty@gmail.com — why did I get this? unsubscribe from this list | update subscription preferences ASSETS Property Solutions · 107/15-1 25th Cross · 6th Block Jayanagar · Bangalore 560082

 

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Is this email not displaying correctly? View it in your browser.   Presenting 38 acres of lush green landscapes and vast  open expanses. In Budigere, off Old Madras Road, Bangalore.   Offering you a wonderful home in perhaps the quietest environment that money   can buy. A choice of one, two and three bedroom apartments. Beautifully crafted to suit both your needs, your tastes and your budget. Giving you the freedom and the reassurance to live life on your terms. Complete with all contemporary lifestyle amenities like a fully equipped clubhouse, swimming pool, a gymnasium and more. All rounded off by an ambience that is blissfully tucked away and yet readily accessible on the expressway.                                                                              Prestige Tranquility. Welcome to a new universe. Units in 1 BHK  ranging from 664 to 722 Sq.ft 2 BHK ranging from 1087 to 1162 Sq.ft 3 BHK ranging from 1632 to 1991 Sq.ft   follow on Twitter | follow on Facebook | forward to a friend  Copyright © ASSETS Property Solutions, All rights reserved. Contact us  Mr.Prakash Singh  +91 97399 32078 ps@dealsonhomes.in www.dealsonhomes.in   unsubscribe from this list | update subscription preferences

Sent to assetsproperty@gmail.com — why did I get this? unsubscribe from this list | update subscription preferences ASSETS Property Solutions · 107/15-1 25th Cross · 6th Block Jayanagar · Bangalore 560082

 

ASSETS Property Solutions wishes Happy Independence day

 

 

                                         

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ASSETS Property Solutions wishes Happy Independence day

 

 

                                         

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Note: This message (including any attachments) contains business proprietary/confidential information intended for a specific individual and purpose, and is protected by law.  If you are not the intended recipient, you should delete this message.  Any disclosure, copying, or distribution of this message, or the taking of any action based on it, without the express permission of the originator, is strictly prohibited.  If you believe that you have received this email in error, please contact the sender immediately and delete the email and all of its attachments.