Tuesday, July 15, 2014

SKC Tulip Multistorey Apartments for sale Located in Kengeri, Bangalore available with 2BHK and 3BHK Apartments.

SKC Tulip Multistorey Apartments Area Range 1137-1506 Sq.ft, Located in Kengeri, Bangalore available with 2BHK Apartments and 3BHK Apartments.

http://bangalore5.com/project_details.php?id=1912

Description:
 
Sri Krishna Constructions (India) Pvt. Ltd., the promoters of the project are in the business of real estate development for over a decade. The group has successfully developed and launched projects in various parts of Bangalore. The core strength of the group is to deliver high quality projects at a reasonable cost thereby benefiting the consumer.

SKC Tulip, is a premium apartment project in the group’s flagship project, SKC White Meadows situated at kengeri satellite town which is just off the Mysore road. The Project is just a km away from Kengeri Ring Road, Mysore Road and Kengeri Metro Station. The Project is also adjoining to NICE Road on Mysore Road. SKC Tulip, is an BBMP approved apartment project with latest amenities and facilities that shall make you and your family proud of owning a home in the best neighborhood at Kengeri.

Life’s a Fiesta, spread over acres of pride at the SKC White Meadows campus, SKC Tulip comprises of premium 2 BHK and 3 BHK Living Spaces that are 100 % vastu compliant. The campus comes with lots of open space, landscaped gardens, boulevard, water fountain, children’s park, amphitheatre, club house and swimming pool.  

Amenities:

    8 passenger lift.
    Rain Water Harvesting.
    Clubhouse with Swimming pool.
    24/7 Security.
 
 

The demand for one bed room, kitchen (BHK) has been on increase; the developers over the past few months have launched or are launching several residential projects in the south and north Bangalore Industrial areas. With the proper and reasonable pricing to the properties with 1BHK flats, the situation in the real estate market is likely to improve in the coming months.

In view of the high costs of projects, the affordability to buy 2 or 3 BHK flats in such projects has gone down to some extent. This might have caused large number of already developed flats in the past few years, lying vacant for a considerably long time. During recession period, real estate market was badly affected and as such there was a down trend in the sale of apartments. Added to this situation of 'No mood to buy', inadequate infrastructure and poor connectivity also affected the real estate market of Bangalore. 

However, the situation seems to have changed now in view of many infrastructure projects taken up by the various local authorities of Bangalore.
Bangalore is changing fast. Projects for widening of roads all around the metro, strengthening of city transport by adding large number of buses, construction of under/over bridges, construction of sub-ways are all in progress. The most eagerly awaited ambitious project 'Metro Rail' is scheduled to commence its runs by 2011. The metro rail project will certainly improve the connectivity. Better connectivity will also help the real estate market to improve. The much improved connectivity and good infrastructure will be a boon to the real estate market.

With the reduction of the size of flats to one BHK, the prices of flats have come down. There seems to be healthy improvement in the number of buyers of the reduced sizes of flats. The demand for such single BHK flats being high, the developers may even think of letting out the unsold flats on rental basis in case sufficient buyers are not found. This will not only help the people desirous of occupying flats on rental basis but also developers for getting some returns on unoccupied flats. The demand for residential accommodation will, to some extent, be met.

The demand being more for smaller units with one BHK, what will happen to the already developed properties with more than 2 BHK flats? The developers are offering various incentives for their properties and expect that they will be able to dispose of a good number of such flats in the coming months. 

However in the absence of data about the vacant units of the developed properties, it may be difficult to know about the actual number of unsold units.
All efforts will have to be made by the developers to persuade the prospective buyers, for disposing of their developed flats, instead of keeping them vacant by offering all possible and practical concessions like deferred payments, affordable EMIs etc. in prices instead of offering various luxurious benefits.

With the availability of comparatively easy funds by way of loans at lower rates of interest, lowering the sizes of apartments from 2 BHK 3 BHK to 1 BHK, lowering the property rates by correcting the price structure, improvements in the job market, it looks like the real estate market may show some improvement in the coming months. However one will have to wait and see what will happen in the coming months. We may have to look for some concessions forthcoming for the badly hit economy of the real estate industry in the ensuing State/Central budget.
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