With the rising real estate prices in Bangalore city, there is a sharp rise in the demand for affordable housing in all parts of the city. Unsurprisingly, builders are taking notice of this demand and attempting to cater to the demand for budget homes in the 30-60 Lakh price range. We recently paid a visit to one such development – the Provident Welworth City on the Yelahanka Doddaballapur Road.
The pioneer in budget homes
One of the very first players in the budget-homes scenario is the Provident Group. Having made a mark with their successful Welworth City township – the first large-scale residential township in the Yelahanka region – they made an indelible mark on the real estate map of North Bangalore. Long before other builders started taking notice of the development potential of North Bangalore, the Provident Group delivered Welworth City (with a whopping 3360 units) in April 2013. The success of this township is a feat which has not been achieved by other builders in the area so far.
Why Provident Welworth City? Prices, Unit Sizes, & Amenities
The USP of the Provident Welworth City township is the affordability factor combined with the provision of all required amenities in one package. With 2BHK and 3BHK (840 – 1180 SFT) apartment configurations with a starting price of 30 Lakhs, it is no surprise that a vast majority of units are sold out. The 41 Acre township accommodates a total of 61 towers (G+8), and has a total of 3360 units. Equipped with open spaces, security features and a wide range of amenities like a club house, pool, shopping center and play areas, this township has witnessed a vast number of takers.
Location & Connectivity
The developers have demonstrated foresight in terms of choice of location for such a project. Currently, North Bangalore is witnessing a growth spurt in the real estate sector (courtesy the proximity to the International Airport, good connectivity to workplaces, and tranquil surroundings) and the move to develop a large-scale project in the then-underdeveloped Yelahanka region was a smart one indeed. Now, the Yelahanka Doddaballapur Road offers swift access to the Airport Expressway and other parts of Bangalore city as well. Yelahanka itself is developing into a self-sustained satellite town, with all the modern amenities one would require in the close vicinity. This expansion makes it an attractive choice for prospective buyers looking to invest in property in the North Bangalore region.
Social Infrastructure: Healthcare, Education, Shopping
The proximity to educational institutions (Kendriya Vidyalaya School, BMS Institute of Technology and NMIT, to name a few) is an added advantage. Important landmarks in Bangalore city such as MG Road (32km), Hebbal bus terminal (25km), Majestic bus terminal (32km) and the International Airport (28km) are accessible via the well-maintained peripheral ring-road network.
The Welworth City model is one that many other developers will want to replicate, no doubt. The smart mix of affordability and amenities has proved to be a good strategy which has yielded results, with prospective investors flocking to own a share in this township. The Bangalore-based Provident Group ( a subsidiary of the Puravankara Group) has a range of residential and commercial projects across South India, with plans to expand to cities abroad as well. With evolving investment trends, it will be interesting to see what they come up with next in the residential real-estate sector.