BANGALORE: Krishna Homes, real estate business of KEPL Corporation is geared up to welcome new year with three super luxury, niche projects in North Bangalore in the first quarter of 2014 signalling the aggressive growth plans of Real Estate sector in the upcoming year.
KEPL’s chairman & managing director Anil Kumar confirmed and further evinced that Bangalore is the third-largest hub for High Net worth Individuals (HNIs). It is estimated to be home to over 10,000 individual dollar millionaires. The residents are exposed to global trends, are well travelled, cultured and have sophisticated tastes; Traction from information technology sector and higher lifestyle cues making Bangalore one of the hottest destinations for Real Estate companies to cater to the growing demand for luxury homes with world class standards.
Demand for high end residential projects remains high in-and-around North Bangalore region. It is going to be the next economic centre of Bangalore. Proximity to the International Airport and well-planned social and commercial infrastructure in the North has boosted development in the area. Government is aggressively promoting this area for future economic activities. The planned financial city on Bagalur main road, Information Technology Investment Region near Devanahalli, Aerospace SEZ near the International Airport and the proposed Devanahalli Business Park are the key drivers for residential development in North Bangalore. All these hold promise for making North Bangalore the most sought after self-sustained destination.
The upcoming three projects of Krishna Homes are being developed in North Bangalore are contemporary and exclusive ones for chosen few. Keeping in mind the demand for high-end residential living, these three new projects are sphere of luxury homes crafted to offer a lifestyle that is truly global. First of its kind, the projects comprises of Villaments and high-rise super luxury homes in the vicinity of Yelahanka New Town costing more than Rs.350 Crores ( all the three projects put together). The projects are loaded with state-of-the-art specifications and amenities with aesthetically designed interiors ranging from 4000 SqFt to 6000 SqFt with private garden & private pool.
Krishna Homes is planning aggressive marketing strategy to touch base the potential buyers not only in Bangalore but also in USA, Middle East & Singapore confirmed by Sunil Kumar Joint Managing Director, KEPL Corporation. The company is planning to launch at an attractive entry price ensuring high return on investment for the early entrants. The real estate success in the city is a symbol of the investor satisfaction. Today, owning a property in Bangalore is sure to yield good returns in future. The city is eyed as a hotspot by property buyers, investors & developers alike
Krishna Homes is the real estate division of KEPL Corporation. KEPL has 25 years of legacy with business interest in residential & commercial real estate business, hospitality through boutique hotel by name Krishinton Suites and in retail through their bathroom and sanitary-ware brand Atlantis. The group recently got funding from an International real estate fund for an undisclosed amount for their existing projects.
Anil Kumar further confirmed that KEPL Corporation is on the verge of aggressive growth for all the three businesses. There are 15 projects in the pipeline in next 24 months and planning all India expansion of the retail business in major metros and tier 2-3 towns. These three new launches in early 2014 is just an kick-start of the group’s larger growth plans.