Godrej 24 Sarjapur

PROJECT OVERVIEW

Godrej Properties brings to you their latest project-Godrej 24 in Sarjapur Road, Bangalore. With 24x7 amenities and a starting price of just Rs 39 Lakhs, this is your chance at affordable luxury. Book your home now with the special lockdown 10:90 scheme.

• The project offers a price range of  Rs 39-87 Lakhs
• 1, 2 and 3 BHK units available from 721-1581 Sq.Ft. (saleable)
• Located in Sarjapur Road, the IT hub of Bangalore
• The project offers amenities that are operational 24/7
• Spread across an area of 6 acres with 70% green space

PROJECT HIGHLIGHTS

• Sports and fitness: Cricket pitch, Badminton court, Gym, Yoga deck, Meditation deck, Swimming pool, Futsal court, Jogging and cycling track
• Recreation: Party lawn, Amphitheatre, Pet park
• Kid’s play area, Paddle pool, Senior citizen court, Feature wall.

MARKET ANALYSIS- GODREJ 24 VS OTHERS

1. All projects in and around a radius of 5 Km from Godrej 24 are by small city-based developers. Godrej 24 is the only project in the area that offers a credible brand name
2. If you move a little farther to a distance of about 10-12 Km, there are few projects by Sobha Developers, probably the only established brand in the surroundings of Godrej. These include projects like Sobha Dream Acres, Sobha Jasmine and Sobha Hibiscus.
3. However, both Sobha Hibiscus and Jasmine are priced way higher than Godrej 24, with a starting price of Rs 92 Lakhs and 1.67 Crore respectively. Also, both are ready projects and hence only available in re-sale.
4. The only project comparable to Godrej 24 in terms of pricing and amenities is Sobha Dream Acres. However, it offers only 1 and 2BHK units whereas Godrej also offers 3BHK units, thereby targeting a wider buyer base.
5. Godrej is also a low-density development with less than 900 units spread across 6 acres as compared to 6500 units across a land parcel of 81 acres in Sobha. Thus, Godrej offers a calmer and more exclusive environment to its buyers.

MICRO-MARKET ANALYSIS: WHY SARJAPUR ROAD

Sarjapur Road has developed as a preferred residential hub over the years due to its proximity to various IT hubs such as Electronic City and Whitefield and excellent inter-city connectivity.

Connectivity

• Well connected to the IT hubs of Whitefield and Electronic City via the ORR
• Upcoming flyovers planned Metro rail extension, Outer Ring Road and the Peripheral Ring Road [PRR] connecting Tumkur Road to Hosur Road via KR Puram, Bellary Road and Sarjapur Road will further boost connectivity.
• The Satellite Town Ring Road, which would be completed in another 3-4 years, will reduce the travel time to the airport to 45 minutes as compared to the current 2 hours.

Social Infrastructure

The locality has all social infrastructure in place within a driving distance of 30 minutes. Here is a snapshot of the available social and civic infrastructure:

Hospitals- DMM High School-11 minutes,The International School Bangalore-12 minutes,Silver Oaks International School-10 minutes

Healthcare - Spandhan Hospitals-15 minutes, Town Hospital-20 minutes, Columbia Asia Hospitals-8 minutes.

Shopping and Entertainment - Wipro Kodathi-7 minutes, RMZ Ecospace- 13 minutes, Global Tech Park-14 minutes.

Shopping and Entertainment - Food City Hyper-malI-20 minutes, Unique Hypermarket-17 minutes, Inorbit Mall-30 minutes

Capital and Rental Trends

Capital values in the location varies from Rs 5,000-6,200/Sq.Ft. approximately. As the location is still developing and there are both city-based developers as well as branded ones, capital values differ markedly from project to project. A 2BHK apartment, for instance, is priced anywhere between Rs 40-65 Lakhs depending upon the location and developer. The rental market is still developing in the location. The nearby residential locations see a steady rental demand. In locations such as Whitefield and Bellandur, a 2BHK can get you a monthly rent of Rs 25,000-28,000 approximately.

    Scope of Growth

The location promises immense scope of growth in the next 3-4 years. To begin with, the location houses multiple schools in the vicinity which is a plus point for families. The fact that almost 5-6 Lakhs people already work in the IT hubs of Sarjapur, Electronic City and Whitefield means the locality will have no dearth of residential demand in the future. Commercial and IT development are also planned in the future by Prestige which is coming up with a mixed-development township while Manyata has a 50 acres land parcel which will house multiple employment opportunities in the years to come.

ABOUT DEVELOPER

Godrej Properties is a name to reckon with in the realty and construction industry in India. The company is a part of the Godrej Group, one of India’s biggest and most trusted business conglomerates with interests in real estate, consumer goods, agribusinesses, appliances, locks and security solutions and many other verticals. Godrej Developers harnesses this 123 year old legacy of trust and excellence and emphasizes on top class technology and design for its projects. Godrej Properties is known for its focus on sustainability and innovation. The list of Godrej projects includes multiple residential, township and commercial projects. The company is currently developing 115 million sq. ft. of projects in 12 Indian cities. The company has received in excess of 150 recognitions and awards and aims at being one of the top three developers in the nation. The company recently partnered with APG for setting up a $275 million fund to expand its real estate interests while the parent Group has also earmarked INR 1,900 crore as a realty fund.