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About Purva Palm Beach, Bangalore

Puravankara Developers is all set to launch their newest residential milestone apartment project naming Purva Palm Beach on Hennur Road, Bangalore. Purva Palm Beach - The new purva project at hennur road will be extended across 22 acres of land and will present 1320 luxurious apartments.


Purva Palm Beach is positioned at off Hennur Road very close to planned Periferal Ring Road. Purva Palm Beach will bring each characteristic of this high-end residenceand  is artistically designed - be it the vitrified flooring in the rooms, the beautifully designed lobby or even the water - softner / purification plant. Purva palm beach as a residential development will be fully loaded with all desired & modern features- amenities , so you may not feel to move out for weekends. Puravankara Palm Beach will bring a state-of-the-art building with all superlative specifications. Shining over an widespread location surrounded by serene & tranquil, this extraordinary residential development offers an supreme mixture of magnificent apartments. Experience an comprehensive standard of living in Bengaluru city’s most promising residential location.



Purva Palm Beach, Location

Have you been lamenting over missed opportunities lately? If you missed investing in Indiranagar in the year 2000; if you missed Hebbal in 2010…..then you should definitely not miss out on Hennur in 2014.

For several decades, infrastructural development was mostly focused towards the south of M.G. Road in Bangalore. However, the last decade has seen a sudden spurt in investments towards the North. Hebbal which Benefitted immensely from this shift, has now become unaffordable for many with capital values moving upwards of Rs 9000 per sq ft. As a result, Hennur has gained momentum as the next residential hot spot.



Purva Palm Beach – Configuration

  • Approx 20 Acres of Land
  • 1323 Apartments
  • 19 Blocks
  • G+19 Floors
  • Type : 2 & 3 BHK

Size 

  • 2 BHK – 1232 Sq.ft
  • 3 BHK Comfort – 1481 – 1485 Sq.ft
  • 3 BHK Grand – 1632 – 1676 Sq.ft
  • 3 BHK Luxury – 1798 – 1846 Sq.ft
 

Surrounding Developments

Knight Frank Research says Bangalore North will witness a supply of about 10,000 residential units translating into 20 million sft by the end of this year. A lot of movement towards Manyata Embassy Business Park, an IT SEZ located on the Outer Ring Road and close to Hebbal, has boosted the micro markets running along the entire stretch.

Companies like IBM, Target and Cognizant have large operations in this park. The park hosts 70,000 IT employees now and this number is expected to go up-to 1.20 lakh when the entire 18.29 million sft is developed over the next three years.

Puravankara has 70 limited edition apartments coming up in RMV II stage priced at Rs 1.47 crore onwards. Skyline Constructions is developing Waterfront, 99 customized 2-3 bedroom apartments in Yelahanka. Tata Housing has launched Aquila Heights II in Jalahalli. Nitesh Estates’ Central Park is located off Bellary Road.

Sobha Developers has launched a Mediterranean-themed township, Sobha City, on Thanisandra Main Road near Hebbal. The township comprises a mix of premium apartments and row houses with capital values of Rs 3,800 per sft and Rs 7,500 per sft respectively. The 36-acre project comprises of 1,547 units measuring 1,400-3700 sft.

“There will be close to 2,000 units of premium apartments coming up on the Hebbal-Devanahalli stretch in the next three years,” said Naveen Nandwani, director-Bangalore & Hyderabad at real estate consultancy Cushman & Wakefield.

Ravindra Pai, MD, Century Real Estate, says the scope for capital value appreciation in this stretch is attracting a lot of attention from buyers. “We have seen capital values appreciating from Rs 2,700 to Rs 3,600 in our mid market projects in the last 12-18 months. Most of the premium stock between Rs 4,500-7,000 per sft will definitely see an appreciation going forward with infrastructure development aiding growth.”

Prashanth Sambargi, partner at Mars Realty, feels the resale market in Hebbal-Devanahalli stretch will replicate the success of the Whitefield market when it’s fully developed.

Malls and hospitality projects are expected to increase the development potential in the region. Kirloskar Mall, developed by Kirloskar Systems, is expected to come up on Bellary Road in 2012. Regaliaa Buildtech is developing Elements Mall on Thanisandra Road that is expected to open in 2012. Several hotels like JW Marriott and Trident are planned around Bellary Road.