NEW DELHI: A real estate firm BCD Group has announced the launch of its ready-to-move in residential property in Hoskote, Bengaluru.
Spread across an area of nearly 1 million square feet, the residential property is designed to suit the needs of senior living, aspirational first home owners and customers looking to purchase affordable second homes.
The project houses a total of 900 apartments across 9 buildings in 1BHK and 2BHK units of 692 square feet to 741 square feet (super built up area) and comes at a starting price of Rs 26 lakh. It offers numerous state-of-the-art amenities such as a medical centre, dedicated ambulance, fitness room, yoga room, play area amidst hundreds of acres of nature along with a Business Centre, banquet hall and restaurants/ cafeterias. It is also in close proximity to hospitals, schools and key landmarks which makes it an ideal investment destination for home aspirants. The residential property will soon be just 20 mins away from the airport once the Bengaluru – Chennai Expressway becomes operational.
This launch assumes significance as the residential real estate segment is going through transformational changes with concepts such as retirement homes, student housing or co-living and affordable homes gaining prominence and is driving growth of the industry. According to international property consultants, there has been a growing demand for properties across the country which offer holistic amenities, are built sustainably and have green spaces.
Commenting on the launch, Angad Singh Bedi, Managing Director at BCD Group said, “With an experience of around 7 decades, the BCD Group has been at the forefront of developing state-of-the-art properties to cater to the evolving needs of customers and investors. We are delighted to announce the launch of BCD Emprassa which will redefine the residential segment with its thoughtful amenities and proximity to nature. The project has been carefully designed to meet the growing demand for affordable homes with benefits of a retirement home and all the modern amenities.”
Post COVID, there has been a greater demand for quality housing units as the pandemic has vastly increased the perceived value of one’s home in the times of crisis. This coupled with decadal low interest rates and the availability of affordable homes has peak customers’ interest in the residential real estate segment. This apart, the reduction in stamp duty rates by state governments including Karnataka played a pivotal role in driving customer demand.
According to Knight Frank, a total of 78,627 residential units were sold in the first quarter of 2022, a four-year year high in terms of quarterly sales volumes and a 9% growth in YoY terms.