Salarpuria East Crest: Salarpuria Sattva has divulged their next famous venture styled as Salarpuria East Crest. A premium condo improvement with no basic dividers and having 3 sides open perspectives for a large portion of the flats. Deliberately spotted close Budigere Cross, Old Madras Road, Bangalore, which is going about as a focal point area of IT center points in east and north Bangalore. Key area and the premium gimmicks of the property makes levels of popularity in the Bangalore land market. Salarpuria East Crest Bangalore has been composed by experienced and innovation driven architects of exquisite framework who have made a novel artful culmination of flats with world class enhancements and elevated requirement particulars. Salarpuria East Crest spreads in 6.6 sections of land of area with aggregate 667 units of 1bhk, 2bhk and 3bhk in 11 skyscraper towers of 15 and 17 stories. Each one towers and units are intended to flawlessness on account of obvious details and advancement.
The hallway from K.r. Puram intersection to Hoskote by means of Old Madras street (OMR) is currently overflowing with private ventures which are under different phases of execution. Various heading Bangalore engineers have effectively propelled private activities on the hall. With the enhanced six-path network levels and flyovers to air terminal associating Saibaba Ashram street, the hallway is presently balanced for a real turnaround in land advancement. With 25-moment driving separation to M.g. street and closer get to IT centers like Whitefield, electronic city, auxiliary business locale and external ring street, lodging interest is dominatingly determined by IT/ITES workers. “There is a decent potential for private undertakings in the range as the interest supply befuddle proceeds with engineers concentrating on building condo in the value scope of Rs 60 lakh – Rs 70 lakh in the zone”, feels N S Srinivasa Reddy, Manager, Research & REIS, Jones Lang Lasalle.
Based on trust, advancement and learning administration, the Salarpuria Sattva Group is one of India’s heading Property Development, Management and Consulting associations. Established in 1986 with the essential center of creating brilliant developments, the Group has accomplished administration situating in the field and is a standout amongst the most favored brands in the nation today. Having spearheaded the early advancement scene in Bangalore and actually forming the city’s horizon since the mid-80s, the Group has a differing arrangement of world-class IT Parks, business, private, friendliness and retail properties. A course of common development and expansion prompted the arrangement of the Salarpuria Sattva Group, which mixes the conventional qualities of the Salarpuria Group’s advancement business and the forward-looking enhancement into numerous verticals, for example, Aerospace, Hi-tech, Education, Facilities Management and Warehousing.
Fuelled by a serious excitement to develop, convey esteem and assemble trust, the extending business foot shaped impression has spread crosswise over numerous major Indian urban communities. The faithful center has dependably been to achieve complete customer fulfillment bringing about effective conveyances that are currently perceived as the sign of the Group.
|Unit Type||Size (Sqft)||Price||Booking Amount|
|2 BHK||1157 Sqft||51.94 Lacs||3,00,000|
|2 BHK||1171 Sqft||52.57 Lacs||3,00,000|
|2 BHK||1182 Sqft||53.07 Lacs||3,00,000|
|3 BHK||1404 Sqft||63.03 Lacs||5,00,000|
|3 BHK||1425 Sqft||63.98 Lacs||5,00,000|
|3 BHK||1527 Sqft||68.56 Lacs||5,00,000|
|3 BHK||1530 Sqft||68.69 Lacs||5,00,000|
Nearby Shopping Malls, Banks and Restaurants: All within 2 kms
Old Madras Road – Hottest property hub.
Old Madras Road and K R Puram in the east have emerged as the top residential destinations to invest in. In the five year period between 2013 and 2017, Old Madras Road and K R Puram are expected to see an average price appreciation of 91%. Micro markets across the country is based on parameters such as employment, physical infrastructure , connectivity to important locations, access to social infrastructure, planned development, proximity to premium office spaces and land availability. Price appreciation in micro-markets was calculated based on future office space demand and absorption levels.
The demand for office space in Bangalore in the next five years would be 44.4million sq.ft, driven by the IT/ITeS, biotech, and aerospace sectors. Of that, 60% would be in the North and East corridors of the city, close to Hebbal and K R Puram. K R Puram has seen a 200% growth in inventory of apartment units, from 2,000 in 2007 to 6,000 as of September 2012.
This market is a sun-rise area due to various reasons, the most important being connectivity to arterial roads and proximity to business clusters. By 2017, The average price realization at K R Puram is estimated to touch Rs 6,200 per sq.ft; Whitefield, which is a nearby micro-market, would command a higher price of Rs 7,370 per sq.ft.
Demand for residential units in Sarjapur-Outer Ring Road and Whitefield have been robust in the last five years, reporting a price appreciation of 100% and 70% respectively. The residential climate in both these micro markets has been spurred on by the continuing development of business parks and IT SEZ zones. Bangalore was like a balloon growing in all directions. “Today one part of the city may look up, tomorrow it’s another part. Hence it is hard to predict the future as the real estate landscape is ever changing”.
Metro zooms, so does realty.
With Bangalore Metro Rail up and running soon, property value is also looking up along the Reach 1 Metro corridor. The announcement of the Metro project itself attracted many investors for residential and commercial complexes on this stretch. Metro provides better connectivity and is one of the reasons why old madras road is chosen by the investors.
There was a jump of 10-15% in property value within 1-2km radius from the stations, when the Metro project was announced. Once the train starts, there would be an increase of up to 40%. From Old Madras Road to Byappanahalli, realty has zoomed up by the sq.ft — from Rs 2,500-3,000 to Rs 6,000-7,000 per sq.ft now.
Besides, an increase in Floor Area Ratio from three to four has resulted in 15% appreciation in value, and more commercial activity is expected on this stretch. The area around the stations would turn into a commercial zone.
The first stretch of Bangalore Metro between Byappanahalli and MG Road is opened. The entire 18.10km East-West corridor from Byappanahalli to Mysore Road terminal is expected to operational soon. Property rentals will shoot up along Old Madras Road, CMH Road and 100 Feet Road, and these areas will witness increased commercial interest and investment.
A number of real estate developers are concentrating on areas adjacent to Old Madras Road for key residential projects and retail malls. Demand for real estate will continue to be high and may result in an increase in rentals. Availability of large land tracks for development along the Metro line, though, is limited.
In the next 5 to 10 years, Old Madras Road and the surrounding areas would turn into a major commercial and residential hub. It is one of the roads linking the Central Business District — MG Road, Kasturba Road, Lavelle Road — to East Bangalore. Metro connectivity adds a perfect finishing touch and projects high growth here.
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Salarpuria Sattva has come into existence on the year 1986 with the primary focus of developing high quality constructions, the Group has attained leadership positioning in the field and is one of the most preferred brands in the country today. Having pioneered the early development landscape in Bangalore and literally shaping the city’s skyline since the mid-80s, the Group has a diverse portfolio of world-class IT Parks, commercial, residential, hospitality and retail properties.
A course of natural evolution and diversification led to the formation of the Salarpuria Sattva Group, which blends the traditional strengths of the Salarpuria Sattva Group’s development business and the forward-looking diversification into many verticals such as Aerospace, Hi-tech, Education, Facilities Management and Warehousing.
Fuelled by an intense eagerness to innovate, deliver value and build trust, the expanding business footprint has spread across many major Indian cities. The unwavering focus has always been to attain complete client satisfaction resulting in successful deliveries that are now recognized as the hallmark of the Group.
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