Prestige Somerville East Bangalore
Prestige Somerville in East Bangalore is one of the Prestige Group's Luxury Apartments. This residential project offers world-class amenities and enhances the East Zone's demand and value.
East Bangalore is a well-developed and established zone in terms of civic infrastructure and basic features and facilities. The area is well connected to the city and its surroundings through roadways, train routes, and the metro. A key factor that helps in the growth of this region is the availability of commercial development with lots of IT offices and tech parks such as Visa Inc Technology Center, Bagmane Tech Park, RMZ Infinity, EPIP Zone, Brigade Tech Park, RMZ Ecospace, Embassy Tech Village.
East Bengaluru has become one of the city's most profitable investment hubs. Connectivity to the new international airport via ORR (Outer Ring Road) and other major hubs of the city has translated into a real estate boom in the area. Some of the areas that emerged as residential as well as a commercial hub in East Bengaluru are:
- Whitefield
- Hoodi
- Outer Ring Road
- Mahadevapura
- Bellandur
- Sarjapur
- Marathahalli
- Indiranagar
The extension of the metro rail line (purple line) up to Whitefield has automatically boosted the demand in this region. Improving physical infrastructure, including the flyover on the Outer Ring Road (ORR) and the proposed eight-line Peripheral Ring Road (PRR), will improve Whitefield's connectivity and ease traffic movement from workplaces to residential clusters. As per the reports,
IT special economic zones (SEZs) spanning over 250 acres have been planned at Hoodi village in Whitefield, Bagur village in Hoskote taluk, and Devarabeesanahalli, Boganahalli, and Bellandur in Varthur.
As a residential real estate market, East Bangalore is flourishing. Quite naturally, it offers tremendous investment potential, and rentals are steadily rising. As per a report by the property consultant Anarock, East Bangalore witnessed a surge in rental demand last year, resulting in a 24% appreciation on average. Marathahalli saw the highest residential rental growth between January and March 2023.
The stretch along the Outer Ring Road from K R Puram to HSR Layout – with the arterial roads leading to that stretch – has witnessed a flurry of developmental activities over the years. It has made East Bangalore a favourite destination for real estate developers and homebuyers.
The rising demand for the real estate market can be attributed to the infrastructure and seamless connectivity. It is easily accessible from all parts of Bangalore. The other one, probably the most important, is its status as a hub of the IT industry. The area is home to many large tech parks house reputed IT companies. With the metro work progressing rapidly, East Bangalore will soon witness a revolution in terms of connectivity.
About Prestige Somerville:
Prestige Somerville was launched by Prestige Group in the pristine surroundings of Whitefield, Off Varthur Road, East Bangalore. The project stretches over a massive 4 acres to feature ultra-luxury apartments. The premise features 340 plus 2, 3 and 4 BHK apartments with world-class amenities and services. The project will launch in early 2024 with best-price deals and pre-launch offers. The project offers well-designed apartments that reflect the Prestige legacy of delivering elegant, spacious, and Vaastu homes.
As a prominent IT hub with sprawling tech parks and hundreds of IT companies, Whitefield is a highly sought-after residential location. The locality has an extensive road network offers seamless connectivity to all parts of Bangalore. It has a railway station as well. The metro network is a key factor that has given a fillip to the connectivity in this locale. The Purple Line runs between Whitefield and Challaghatta and has heralded a new era of connectivity for the locality.
