Investing in the 'Affordable Luxury' of Bangalore

When we talk about the luxury housing segment, it normally refers to the large format residential developments with high prices, fully loaded with world class comforts, well placed in posh localities of urban areas targeting towards the upper class or the High Net worth Individuals (HNI). These developments seem out of reach of the middle income people as they have to spend a huge amount of their hard earned money to own such luxury homes which they have always dreamt of.

For all those who wish to buy a property in Bangalore and at the same time desire for a luxurious living, there is a novel concept of "Affordable luxury" to help the middle income customers live a lavish life at affordable rates.

Affordable luxury refers to accommodations that allow the middle income people to enjoy a luxurious lifestyle at premium positions. The main distinguishing factor in such homes is the location of the development which in case of a luxury home is the prime location of the city which adds value to its cost but in case of affordable luxury, it is the suburban areas of the city which will lead to a reduction in the price of the project. The closer to the city, the costlier the project becomes. A property in the peripheral locations can even flaunt of bigger layouts which in case of central location of the city would a small size accommodation. In case of affordable luxury projects, the best-in class comforts are provided to the occupants in the form of shared amenities rather than offering separate comforts to individual buyers. the biggest example of such affordable luxury homes are the township projects which are coming up in a big way these days and is a tried and tested method of attracting a huge chunk of potential homebuyers.

These affordable luxury projects are a growing segment in the Indian realty market catching attention from prospective homebuyers as they are able to provide their families with comfortable homes by adjusting on few points which will assure them a modern lifestyle but at lower rates.

Talking about the property in Bangalore, North Bangalore is emerging to be the residential hub of the city housing some major affordable luxury projects. This area has maximum launches in the affordable segment in comparison to East Bangalore due to availability of land at lower costs. The most attractive residential destinations in North Bangalore for developers to launch their affordable housing projects are Hennur Road, Peenya, Devanhalli, Hebbal, Banaswadi, and Thanisandra Road.

A few of the not to be missed affordable luxury projects coming up in different areas are

Prestige Lakeside Habitat is a mega residential township venture by the reputed Prestige Group in Whitefield, the most premium suburbs in East Bangalore. The entire set up has been finely planned and intricately designed by Disney and shall be an awesome entertainment and lifestyle experience. The massive township spreads across 102 acres of enormous land area and has beautifully crafted 2, 2.5,3 and 4BHK residential apartments and villas of sizes 1195 - 4934 sq feet fully stacked with world class features and enticing facilities to charm its occupants from every nook and corner. Overlooking the calm and composed Varthur Lake and lush green surroundings, the project is definitely a wonderful experience to live in. The urban homes at Prestige Lakeside Habitat are available at prices starting from Rs 62.37 lacs and are supported by friendly payment plans making it a great investment opportunity.

Sobha Dream Acres is the latest presentation by Sobha Developers and a smart residential venture that acknowledges incredible luxury at affordable prices. The project is a hot investment property coming up on Panathur Main Road, East of Bangalore and provides good connectivity to Sarjapur – Marathahalli ORR and Whitefield. The elite campus extends across 81 acres of land at Bangalore's Golden Quadrilateral and has over 6500 residential apartments with 80% green spaces around. On the offer are 1, 2 BHK (regular) and 2 BHK (large) units spanning 645 to 1210 sq.ft. areas and well placed into high rising towers having G+13 storeys. The accommodations are well equipped with world class features to let you enjoy an ultra-modern and sophisticated living. The signature homes are available at prices starting from Rs. 60 Lacs up to 72 Lacs and are supported by friendly payment plans.