Closer to work, school and You! - Sumadhura Infracon presents Sumadhura Eden Garden, our upcoming apartments in Whitefield, Bangalore. These Upcoming apartments for sale in Whitefield, Bangalore, besides being affordable, have been designed to provide optimum natural lighting and offer panoramic views of the skyline. This upcoming apartment in Bangalore offers architectural brilliance and vastness of lifestyle amenities and conveniences as Sumadhura Eden Garden in Whitefield, Bangalore.
When it comes to the real estate micro-markets in Bengaluru, Whitefield, along with a few others, have the highest concentration of upcoming and ongoing apartments. Most of the development is concentrated in the East micro-market with Whitefield leading the way. Old Madras Road and Mahadevapura are also pockets of high-speed growth. These areas’ proximity to IT/ITeS hubs of the city remains the major reason behind their growth. Maximum commercial office absorption in Bengaluru continues to be in these regions.
“The Bengaluru residential market has remained subdued in the last two years on account of moderate demand, weak consumer sentiments and demand-supply mismatches in certain product segments. The commercial real estate segment, on the other hand, has continued to report strong supply and absorption levels. The growth in commercial office space off-take and recent regulatory developments should support improvement in long-term demand profile in the residential segment in Bangalore though the near term outlook is challenging,” ICRA group head K Ravichandran to Deccan Herald.
However, according to ICRA, residential real estate activity in Whitefield is expected to be stable going forward. Despite Bengaluru witnessing moderation in the real estate market due to a slowdown in demand and sales volumes, real estate developers responded well to the changing market conditions. They have slowed down launches of premium segment properties. They have reconfigured project specifications in new launches to improve affordability, by lowering unit sizes and providing basic specifications.
Due to a marked divergence in pace of inventory absorption in premium and mid-category segments, the focus has now shifted to middle-income buyers. Whitefield currently has quite a few upcoming projects, both commercial as well as residential. Various developers have planned their property launches in this area. Thus, the demand for residential housing will reportedly be met soon. However, when it comes to commercial spaces, Bengaluru has seen the highest level of office space absorption across the country, for the fourth year running.
As supply levels fell short of production in each of these years, vacancy levels came down to 10 percent by 2016-end. It has been revealed that almost 60-70 percent of office space absorption in Bengaluru is concentrated in the Outer Ring Road and Whitefield micro-markets. Areas between K R Puram and Silk Board are experiencing maximum activity. Whitefield has come out of the demonetization phase real fast. Its progress is unstoppable. High Net Worth Individuals (HNIs), NRIs, all look for upcoming apartments in Whitefield, mostly for investment purposes.
Sumadhura Eden Garden
Sumadhura Group, a prominent real estate builder in Bengaluru, has some incredible projects coming up in the Whitefield area. One of them is Sumadhura Eden Garden, which is basically a spectacular residential project located on Doddabanahalli. It has 1, 2 and 3BHK options ranging from 680 square feet to 1379 square feet. It is a plush residential complex with 1,080 units. What makes this upcoming residential project in Whitefield stand apart from other apartments is the unique location as one of its USPs.
Eden Garden promises all the luxury amenities that one can think of. Residents here are just 0.5 kilometers away from the Kannamangala Main Road, and two kilometers from Old Madras Road. The residential space is well connected to Majestic and Airport bus stops and stations. Spread over 14 acres of land, Eden Garden is a blend of luxury and nature.
NRIs who are looking to invest in real estate in Whitefield should be aware of certain points. Like every other financial investment, investing in real estate also requires due diligence on the buyer’s part. There have been numerous instances where Non-Resident Indians (NRIs) have fallen prey to fraudulent practices or have simply taken a wrong investment decision. Many may not be aware of the FEMA rules and regulations, wherein NRIs having Indian passports, have the same rights as Indian citizens in property ownership norms.
Apart from agricultural land and forests, NRIs can own land in the form of residential or commercial properties. NRI buyers must appoint a trustworthy broker or property manager as it won’t be possible for the buyers to be in the country all the time. The buyers should also have a sound exit strategy. Investing in a property in developed cities of India has become more structured due to the rise of quality and reputed builders. However, doing the homework right is also vital.
Before any deal is finalized, the NRI buyer must gather data on past history, current owner, local regulatory approvals and legal disputes. Government policies may seem complex to some and Indian real estate is susceptible to changing government regulations. Thus, understanding future plans of the government and policies related to freehold, leasehold and zoning areas are a must. Last but not the least, NRI buyers have to know the tax implications. The taxes include property taxes, rental taxes, TDS at the time of purchase and withholding taxes.
Sumadhura Group has been in business for over a decade now. It has earned the reputation of being a top-quality builder in Bengaluru. Some of its projects are built for NRIs. The company is 100 percent transparent in its dealings and always has the customer as its priority. Thus, anyone looking to invest in its upcoming apartments n Whitefield, won’t have any problem in understanding the policies, guidelines and other aspects of property buying that may seem complicated to an NRI buyer.
According to a report by NRI Realty News, Bengaluru is witnessing an upsurge in real estate evaluation, both in international as well as domestic markets. Whitefield remains at the top of the list. The city is a brilliant choice to invest in real estate and the Bangalore Development Authority is sanctioning projects that offer unique advantages of top-quality properties. The premium projects have the backing of excellent infrastructure and pleasant greenery. Top residential properties in Bengaluru require great deal of planning, top-notch architecture, impeccable engineering and refined urbanism.
For amazing property deals in Whitefield, contact Sumadhura Group at +91 8431 999 444.