The Prestige Group as the name goes is a prestigious group of developers in Bangalore. Prestige Group has been in construction since 1986. It has firmly established itself as one of the leading and successful real estate developers in the nation. Prestige Group has delivered over 210 projects in the country and currently has 53 on-going construction sites.

Pine Wood by Prestige Group is a luxurious project coming up in a niche locality of Bangalore – Koramangala. The project is built on 2.4 acres of land and offers 2, 3 and 4 BHK apartments. There are a total 256 apartments planned in the Pine Wood project. The possession of the project is expected in July 2019.

Location and Connectivity

Prestige Pine Wood is located at 6th Cross Road, S.T. Bed Extension, Cauvery Colony – one of the popular residential developments in Koramangala, Bangalore. It is one of the many ongoing projects of Prestige Group. It has lavish yet thoughtfully designed residences in 3 blocks.

Koramangala is in the eastern quadrant of Bangalore. Situated in the south-eastern part of the city, it is one of the largest neighbourhoods, and is a highly residential locality with wide roads, tree-plantation and a mixture of commercial estates, luxury duplex, residential buildings and niche bungalows. Koramangala is popular with tech professionals and students, due to the many IT companies and colleges dominating the area. Restaurants and rooftop bars cluster around 80 Feet Main Road, while the streets around Jyoti Nivas College are also known for street style fashion and affordable junk food.

(As observed: The roads leading to Pinewood by Prestige Group are well maintained and clean.)

Pine Wood’s proximity to numerous IT industries and corporate sectors is an advantage as there is a high demand for residential projects surrounding these sectors. The suburb is divided into blocks and well-connected to the adjoining towns by different modes of transportation. Bangalore International Airport is located at a distance of around 42 Km and easily reachable by Bellary Road. Asian Specialty Hospital is 1.7 kms from the project while educational institutes like Bethany high school, B Mona high school, National Public School, JNS (Jyoti Nivas College) etc are under 2kms of radius from Pinewood.

Configuration and Prices

Pine Wood by Prestige Group is being constructed on 2.4 acres of land, wherein they have 3 towers of 15 floors each. The configuration offered in the project is 2, 3 and 4 bed residences. The detailed chart below specifies the prices and configuration offered:

Configuration	Carpet Area (sq. ft.)	Pricing (INR.)
2 BHK	1249	1.52 Cr.
2.5 BHK	1385 – 1404	1.69 Cr. – 1.72 Cr.
3 BHK	1839 – 1866	2.23 Cr. – 2.26 Cr.
4 BHK	2461 – 2503	2.98 Cr – 3.03 Cr.

The 2 BHK apartments have a carpet area of 1249 sq. ft. and price starts from 1.52 Cr. This configuration offers a living room, 1 bedroom, 1 master bedroom, 2 bathrooms, spacious common passages and the 2.5 BHK varying from 1385 to 1404 sq. ft. offers a study room to the list with a price tag around Rs. 1.69 Cr. to 1.72 Cr. The 3 BHK in Pinewood provides a living room, 2 bedrooms, 1 master bedroom with en-suite bathroom along with 2 common washrooms. This configuration is spacious and also provides a servant’s room. The 3 BHK has a carpet area of 1839 sq. ft. that varies up to 1866 sq. ft. and the price ranges between Rs. 2.23 Cr. to 2.26 Cr. The 4 BHK is a massive apartment with carpet area from 2461 to 2503 sq. ft. This configuration offers a living room, 3 bedrooms, 1 master bedroom, 1 servant’s room and also a puja room space along with 4 washrooms. This residence costs Rs. 2.98 Cr. to 3.03 Cr. (All prices not inclusive of tax.)

Amenities and Facilities

Amenities offered at Pine Wood by Prestige Group varies from fulfilling the needs of security to the entertainment requirements of adults or toddlers, everything is looked after. Pinewood provides the luxury of a clubhouse that host events/parties organized by the residents. The benefit of not investing in banquet/halls for social events elsewhere, lies in the hands of Pinewood residents. The comfort of gymnasium for the gym-freaks and sports court for the athletes is one of the perks of  the project. The social Theatre and entertainment for the younger generation is just a cherry on the cake!

Below are few of the Amenities and Facilities of Pinewood:

–Basic

Lift(s), 24/7 Power Backup, Fire Fighting Systems, 24/7 Water Supply, Entrance Lobby etc

– Sports/Lifestyle

Gymnasium, Club House, Children’s Play Area, Sauna, Squash Court, Swimming Pool, Table Tennis, Toddler Pool etc

–Entertainment and socializing

Banquet Hall, Billiards, Multipurpose Hall, Theatre etc

Specifications:

-Kitchen: Double Bowl Stainless Steel Sink

-Toilets: Provision for Geyser

-Main Doors: Teak Wood Frame and Shutter

-Master Bedroom Flooring: Marble Granite Tiles

-Balcony Flooring: Anti Skid Tiles

-Kitchen Flooring: Vitrified Tiles

-Other Bedroom Flooring: Vitrified tiles

-Living/Dining Room Flooring: Marble Granite

Conclusion:

Pinewood by Prestige Group is located in one of the best localities of Bangalore – Koramangala. Its proximity to all the major corporate hubs of the city is a plus point for all the workaholics. The project is not far from schools, hospitals or the major railways of the city. It offers the flexibility to choose amongst 2, 3 or 4 bed residences based on indivisual needs. There are premium amenities and facilities on offer. As observed, the construction is going on in full swing to deliver its possession by the stipulated timeline. People looking out for residential estates in Koramangala should consider Pinewood for a better lifestyle and easy commute in the city as well as for well designed luxurious apartments.

Have you ever heard of ‘Sollemangala’? If you have visited Bangalore after the 90s, then you may have never heard the word. ‘Solle’ in Kannada means ‘mosquitoes’. Sollemangala was a place that was the haven for mosquitoes and mangroves.

But over the past two decades, this neglected place has grown to be the most posh most sought-after residential location in Bangalore. Amenities of all kinds along with huge Sony World Signal, Koramangala real estate. And today, it is not only a top choice for property buyers, but also for tenants who have come to Bangalore from other states. What are the factors that make Koramangala a hot choice for homes? Let’s find out.

Amenities

Talk of amenities and Koramangala may sound like the confluence of all kinds of facilities one can expect. The area is under the jurisdiction of Bruhat Bangalore Mahanagar Palike (BBMP). Therefore, Koramangala has access to Cauvery River water. Garbage collection is also taken care of by BBMP. The roads are well maintained and a number of residential localities have boulevards and mix of luxury apartments, bungalows and affordable houses. This gives tenants a good reason to find home in Koramangala.

Connectivity

Koramangala is well connected to the prime locations of Bangalore through BMTC buses. Koramangala itself has a number of bus stops spread across its 8 blocks over 1800 acres. Reaching the posh areas like MG Road and Brigade Road is just a matter of boarding one bus, G3. The bus covers 7 kms in a matter of 20 minutes. Reaching other plush areas like Indiranagar 8 kms away takes only 35 minutes by BMTC buses. Moreover, Koramangala is well connected through Hosur Road to Electronic City, which is the IT outsourcing capital of the world. Another nerve centre of Bangalore, Jayanagar is merely 5 kms away from Koramangala. This connectivity to major parts of Bangalore makes Koramangala an ideal place to buy or rent a home. Reaching Majestic bus stand takes only 40 minutes at maximum.  The Kempegowda International Airport is also 2 hours away. Koramangala is well connected to railway stations as well.

Malls and shopping hub

If someone calls Koramangala as the shopping destination of Bangalore, he/she won’t be wrong. Forum Mall in Koramangala is one of the finest in Bangalore and is one of the earliest malls that were constructed to meet international standards. Apart from the mall, one can find numerous shops, outlets of famous brands and showrooms. Talk about any item and Koramangala will not disappoint you.

The Oasis Centre is also a favourite amongst shoppers. There are few places in Bangalore
that are so vibrant and this is what attracts outsiders and many professionals to rent apartments in Koramangala.

Pubs and restaurants

Koramangala is a heaven for party-lovers. There are a number of pubs and restaurants in Koramangala. Famous restaurants like Fenny’s, Prost, Punjab Grill, Sultans of Spice, The Black Pearl etc. are all in Koramangala. Moreover, places like Prost have their own brewery. Youngsters who come from other states love to party on Friday nights and on weekends. A number of pubs make it easier for them to enjoy and this again makes Koramangala a hot choice for renting property.

Moreover, Sony Signal is also a very vibrant place. Brands like Taco Bell, Baskin Robbins and Starbucks along with fashion brands like Manyavar, Fab India etc are quite frequented in Koramangala. Places like 100-ft road and 80-ft road are frequented even by tourists.

Hospitals

The traffic at Bangalore is a major concern for many people. It is quite pathetic to watch an ambulance stranded in traffic jams, while the patient continues to suffer. This is where outsiders can suffer as they are not usually aware of the hospitals nearby. However, proximity to hospitals gives Koramangala an edge over other places. Apollo Hospitals, Acura Specialty Hospital and Vasan Eye Care Hospital are a few to name. St. Johns Hospital is also quite near and can be reached quickly. Easy and quick access to medical care is another factor that pushes Koramangala to the top bracket in the list of preferred destinations for buying and renting property.

Hub to Major Businesses

Koramangala is the hub of companies. Many companies are located in the Raheja Arcade. Many start-ups have come up in Koramangala. Moreover, BTM Layout, which is close-by, also houses a number of start-up companies. Electronic City, which is the home for companies like Infosys, Wipro, Siemens, CGI, InMobi, TCS, Tech Mahindra etc. is quite close. Proximity to such reputed firms make it easy for professionals to switch jobs without changing their home. This is the reason why many young professionals prefer Koramangala as the place to rent property.

Diversity

The very fact that Koramangala is such a preferred destination for people coming from other states makes Koramangala a place of astounding diversity of people. You will find people from all walks of life and all states of India in Koramangala. As a result, there is no fear of feeling alienated in a foreign state. People from all kinds of background can feel comfortable while taking an apartment for rent or for buying property. The population at Koramangala is cosmopolitan and this gives a comfort zone to the diverse set of people coming to Bangalore.

Education

Talk about facilities for education and Koramangala shines bright. Jyothi Niwas College in Koramangala is one of the most sought-after colleges in Bangalore. Christ University is also quite close to Koramangala and can be reached in just 10-15 minutes as it is just 3 kms from Forum Mall. St. Johns Colleges are also quite near to Koramangala. The place is also near to PESIT, IIIT-Bangalore, Xavier Institute of Management Education (XIME) and Symbiosis Institute of Business Management (SIBM) Bangalore. Proximity to colleges makes Koramangala a hot destination for students to group together and rent apartments.

Sports facilities

National Games Village (NGV) is in Koramangala. Facilities like shooting ranges, gymnasiums, badminton courts, and arrangements for many other sports make NGV a hub of sports-lovers. This gives another reason to young people to invest in buying property or rent houses in Koramangala.

 

Strategic location

Koramangala is located in a very strategic location. On one side, it is connected to Domlur and Electronic City which are industrial hubs, on the other hand, it has good connectivity to educational institutes, hospitals and entertainment avenues. Koramangala is merely 2 kilometres away from new Metro Station from Sarjapur Road. Koramangala’s accessibility to Outer Ring Road gives it connectivity to old and new airport.

Current Prices

How much does one need to shell out for buying property here? If Magicbricks is to be believed, the average price of buying multi-storey apartment in Koramangala is INR 8,735 per sq. ft. For buying builder floor apartment, one needs to spend INR 7,441 per square feet. The price of purchasing residential plot in Koramangala is INR 1,34,003 per sq. ft. and the average price of buying residential house is INR 14,132 per sq. ft.

Rates are affordable for tenants. According to Magicbricks, the price of renting multi-storey apartment is INR 25 per sq. ft. The rate of rent for builder floor apartment is INR 22 per sq. ft. One needs to shell out INR 21 per sq. ft. for residential houses.

Real estate scenario

Many real estate projects are coming up at Koramangala. The construction Prestige Pine Wood is ongoing. This project has 2 BHK, 2.5 BHK, 3 BHK and 4 BHK apartments. Other apartments like The Advantage Raheja Acco, The Advantage Raheja Pebble Bay, Advaitha Aksha, Esteem Splendor II and Sterling Infinia are also under construction. Moreover, Century Heights and Sunmbulah Enclave are also upcoming projects in Koramangala.

Row houses are not available in Koramangala. However, one can get villas, independent residential houses and flats built by not-so reputed builders. People looking for rented houses will also not be disappointed because of the presence of a number of residential houses and independently constructed flats.

Conclusion

All these reasons make Koramangala a perfect location to buy or rent homes. The place has developed a lot over the last many years and is certainly one of the ‘must-live’ places in Bangalore.

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