Prestige group is coming up with its new residential development in Kanakpura Road, Bangalore. The project is still in the Upcoming status named Prestige South Woods. Kanakpura Road is marked as the bangalore’s vast developing residential area with numerous apartments and villas and also shopping malls. Prestige South Woods is well connected to all the major parts of the city. Project includes all modern amenities and high – end world class specifications.
Kanakpura Road passes through major bustling localities of South Bangalore like Banashankari, Outer Ring Road and some periphery regions like Konankunte, parts of Uttarahalli and JP Nagar. Research shows that the locality is witnessing a rapid growth, mainly because of the development of offices of major IT spaces.
Several factors have led to the growth of this region; excellent connectivity being one among them. Namma metro has proposed connectivity from areas as far as Tataguni, via Kanakpura Road, to major business localities. This has influenced the growth of residential destinations along the belt of Kanakpura Road. The establishment of the NICE Corridor has enhanced the connectivity of areas like JP Nagar, Bannerghatta Road, Banashankari, Jayanagar and other localities of South- Banglore with Mysore Road and the IT hub of the city- Electronics City. Kanakpura Road is also linked to the Peripheral Ring Road, which connects all the major highways like Hosur Road, Tumkur Road, Old Madras Road and the Mysore Road.
Kanakpura Road is one of the preferred localities of many of the reputed builders and developers in the city like Concorde, Sobha, Nitesh, Prestige, Brigade, etc. Easy availability of Cauvery water, proposed infrastructural developments and affordable land prices are reasons behind the same. People employed in Bannerghatta Road and Electronics City prefer to settle in Kanakpura Road as the area offers a cheaper accommodation with excellent connectivity to their workplaces.
As per research reports, the area has witnessed an appreciation of about 10 % in the second quarter of 2014, as compared to the first one. While average plot rates were around Rs. 3797/- during Jan-Mar 2014, the same saw a rise to about Rs. 4183/- , during April-June 2014. The rent price has remained static over the last few quarters, with tenants being charged at an average of Rs.13 per sq.ft.
In addition to residential developments, the area is also witnessing a sharp growth in the retail and commercial sector, in addition to educational establishments – all of which complement the growth of residential sector.
The Art of Living campus, which is a tourist-sought-after place, lies off Kanakpura Road.
ISKCON is planning a huge project on the 28-acre hillock that lies off Kanakapura Road, which would (as per sources) provide a 360 degree bird’s eye view of the surrounding city. It is reported that the project will be developed using 4-D technology and will have a beautifully landscaped Krishna Lila Park that would be transform the tourist potential of the city. Foreseeing the future demand and spur for residential apartments in this area, Mantri Group and Gokulam Developers have already launched their hi-end residential projects alongside the hillock.
Another major infrastructural project that has helped Kanakpura Road emerge as the next residential hub in South Bangalore is the Gokuldas SEZ, which has been approved by the Government of Karnataka. The SEZ will be set up on Kanakpura Road by Gokuldas Exports Ltd.; and would house a first-class Apparel and Textile Park, sprawling across an area of 400 acres. The SEZ will include about 50 factories and will provide employment opportunities to about 50,000 people.
Prestige Estates Projects Ltd. is a property development and the flagship company of Prestige Group in South India. It was founded by Razack Sattar in 1986, who envisioned a success story waiting to take shape in the Retail Business in 1956 itself. Since its formation in 1986, Prestige Estates Projects has grown swiftly to become one of South India’s leading Property Developers, helping shape the skyline across the Residential, Commercial, Retail, Leisure & Hospitality sectors.
Prestige has developed several residential colonies and commercial spaces in Bangalore, Chennai, Mangalore, Mysore, Hyderabad and Kochi, few among them are Prestige Shantiniketan, Prestige Golfshire, Prestige Acropolis, The Forum, The Forum Value, The Forum Vijaya and many others. Prestige Court on K.H. Road in Bangalore set the pace for the Group’s rapid growth which now stands at over 169 Completed Projects spanning a total developed area of over 51.37 million sqft. It also has another 65 ongoing projects comprising around 56.94 million sqft & 28 upcoming projects totalling 31.15 million sqft., which include Apartment Enclaves, Shopping Malls and Corporate Structures, spread across all asset classes.
Prestige Group has several national and international awards in various categories:
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