Kumari Builders and Developers is foraying into villa segment with the launch of two accessible luxury developments in Malur and Sarjapur Road. The 50-acre project in Malur will offer 750 homes, while the 12-acre project on Sarjapur Road includes 192 villas.
The developer is planning to invest Rs. 500 crore over the next five years in building villas, the company said in the statement.
Bengaluru is one of the most promising real-estate investment markets in India. With a mere 6,400 units available as of 2016, the villa projects in the city have seen a remarkable absorption rate of around 55 percent. Sarjapura, Bellary Road, Whitefield, Hoskote and Hosur Road are the emerging residential hubs for villa projects, with a valuation of properties reaching up to Rs. 1 crore.
Within a notable radius of these localities, villas are priced anywhere from Rs. 4,500 per sq ft soaring upwards to Rs. 15,000 per sq ft. The demand in these strategic locations has led several property investors to construct villa properties in and around these areas. To this end, the villa category seemed to be the next logical step for Kumari Builders and Developers.
Contrary to the common belief that villas are expensive, Kumari Builders and Developers is proposing properties at accessible rates, enabling young working professionals to take their first step into independent living.
“Over the past four years, we have delivered residential projects of high standards with great forethought and commitment. Having created beautiful apartments for around 400 families, we don’t want to stop here. We are aiming to fulfil the dreams of young home buyers who wish to own independent plots or villas,” says Ashok Naidu, Director of Kumari Builders and Developers.
The Malur project is scheduled for launch in January 2018, while the villa development on Sarjapura Road will be launched in April 2018.
“Usually villa projects situated at strategic neighbourhoods combining quality construction and transparent transactions are priced higher, but we want to help IT professionals working around these prime locations to own their dream villa at rates that are accessible to them,” says Ashok. He further adds that the residential projects would be within 30-40 minutes of drive time from some of the major IT hubs.
Working professionals in ITPL will find the Malur project a perfect place to retreat after a hard day’s work. Designed to meet all modern-day needs, this development meets the requirements of those who are looking for their future homes or for an investment opportunity.