Shriram Luxor | Hennur Main Road Bangalore

Shriram Luxor

Shriram Properties is among the several real-estate firms developing residential projects in the upcoming area of North Bangalore. Located on the 4-lane Hennur Main Road, Shriram Luxor offers 2, 2.5 and 3BHK apartments with prices starting at INR 65 Lakhs*. The strategic location on the imminent link road to the airport makes this project a good option for investment or self-use. More details on apartment configurations, amenities, and prices are shared in this article.

Shriram Luxor : Location & Social Infrastructure

Shriram Luxor is located on the Hennur Main Road, which is currently being developed to serve as a direct link road to the Airport Expressway. Thus, the project will offer seamless connectivity to the International Airport (21km), as well as the Outer Ring Road (8km) which connects to various parts of Bangalore city.

Shriram Luxor on Hennur Main Road
Shriram Luxor on Hennur Main Road

Shriram Luxor provides benefits to residents by offering access to numerous quality educational and healthcare institutions. Some of the best schools in this part of Bangalore – such as Vidyashilp Academy – are located within a 5-8km radius. Columbia Asia Hospital (8km) and Bangalore Baptist Hospital (9km) are among the reputed healthcare facilities located in close proximity of the project.

Shriram Luxor : Project Overview

Shriram Properties has delivered more than 30 projects across 5 cities in India, with a track record of quality developments over a span of over 22 years. Headquartered in Bangalore, they have several well-known projects such as Shriram Sameeksha and Shriram Signiaa in the city.

Shriram Luxor Gateway
Shriram Luxor Gateway

Shriram Luxor was launched in 2015, and has a total of 444 units in 8 towers (G+13). The project occupies an area of 5 Acres, and is surrounded by mostly vacant lands with medium-density vegetation. The site has all basic amenities such as a clubhouse, pool, and sporting facilities. Project completion is expected by August 2018. At the time of our site visit, it was observed that the structure for two towers had been completed, and the construction work for the remaining towers was underway. The project is designed as an eco-friendly development, and has a Gold rating under the IGBC Homes category.

 

Shriram Luxor : Apartment Types, Amenities & Prices

The Shriram Luxor complex is fronted by a large entrance gateway with a security cabin. The eight residential towers are arranged around a central clubhouse which houses amenities such as a swimming pool, gymnasium, indoor badminton court, multipurpose hall, health club, and library. The complex also has landscaped playing areas, a basketball court, jogging track, tennis court, and an open amphitheater.

Shriram Luxor - site photographs
Shriram Luxor – site photographs

There are three apartment cpnfigurations on offer – 2BHK (1195 SFT), 2.5BHK (1400-1440 SFT) and 3BHK (1550-1590 SFT). At the rate of INR 4850 per SFT*, the starting price for the smallest apartment is INR 71.5L.* All apartments come with standard fittings in the kitchen and bathrooms, vitrified tiling, and wooden flooring in the master bedroom. Each floor of the apartment tower has 4 units, and is designed such that there are no common walls between units.

The table below lists the various apartment types, their built-up areas and starting prices*:

Apartment Type Super Area

(in SFT)

Price (in Rupees)

@ 4850/- per SFT

2 BHK 1195 71.5 L onwards
2.5 BHK 1400-1440 82.9 L onwards
3 BHK 1550-1590 88.8 L onwards

 

*may be subject to change in future as notified by developer/resale entity

Shriram Luxor is a strategically located residential complex, which is an ideal investment option for those looking to invest in North Bangalore. The apartments on offer are priced competitively in comparison to the existing prices in the locality. This area of Bangalore is emerging as an attractive investment zone thanks to the rapid infrastructure development it is witnessing, and is therefore an option to be considered when on the lookout for homes in the area.

5 Reasons Why You Should Invest In North Bangalore’s Hennur

View Of The Road To Hennur- North Bangalore Property Market

Bangalore was once known by ‘traditional’ areas in South Bangalore or ‘commercial’ areas in Central Bangalore. When Bangalore International Airport found its home in Devanahalli, all attention shifted to North Bangalore. Unwilling to spend their lives spanning the length of the city in heavy traffic, people shifted to the North to be close to their offices (IT and SEZs) and invest in an area slated for growth. Hennur, which was once considered the outskirts of Bangalore and a village at that, got caught up in this tornado of growth and is now an urban village under BBMP. It’s charm, however, still lies grounded to its natural lake. We visited Hennur to see what the fuss was all about and here’s all the reasons we’ve found.

1. You Have Frequent Flying Miles

If you’ve got a job that has you running to the airport several times a week/month, then spending further time in travel can be quite the frustration trigger. Bangalore International Airport is 40 minutes away from the airport, considering regular traffic. That means you can zip through to the airport, especially in the wee hours of the day. An added bonus is that having a major airport close to where you live is only beneficial to you. Airports have been known to be major growth drivers in several cities.

2. You Like Bustling Neighbourhoods

Amenities At Large- D-Mart In Hennur
D-Mart- Hennur Property Market

Social Infrastructure is an important aspect of home-buying. We couldn’t talk about great connectivity, if you had to travel far for dropping your kid off at school or get the petrol filled to pick up groceries. Hennur offers good quality hotels, restaurants, educational institutions, entertainment and fitness spots and more. Power and water supply are also well managed and provided in Hennur.

Popular educational-institution options in Hennur include Jyothi high school, Bangalore International, HMR International, Oasis International, New Baldwin School and more offering a range of syllabi from ICSE to CBSE. Higher education options include Indian Academy, Christian College Of Nursing, Alpha College of Engineering, SSR college of Science and Management and more.

Medical care in Hennur is provided by Medi Derma, People Tree, Good Shepperd Health Centre and more including E&T and diagnostics centres and specialty clinics.

Entertainment and food options include Elements Mall, The Coorg food and co, Café Yegrina, Auntie Fung, Have More, Koel’s Pizzaria and more.

 3. You Hate Travelling

You Don't Have To Fuel Up Too Much- Petrol Pump
Petrol Pump- Hennur Property Market

Bangalore’s traffic isn’t popular- which means any relief from it is welcome. Hennur ticks all the checkboxes of an area that’s well connected. On all sides, Hennur is surrounded by the HRBR Layout Kacharakanahalli, Hormavu and Agara. Ganga Nagar & Ashoka Nagar come under Hennur as well.

The Outer Ring Road (ORR) is barely 5 mins (1km) away from Hennur. The area also has a link road to the International Airport in Devanahalli.

Banaswadi Railway Station (20 km away) is the nearest railway station, while the nearest metro station is Bayipannahalli Metro at 7 km from the area. BMTC bus stops line the area and have regular buses coming in and going out of, the area. Hennur Cross and Hennur Bus Depot are major points for BMTC buses going towards the airport and the centre of the city (10 km).

4. You’re an IT-Professional

Manyata Tech Park- one of the most recognisable name in the IT-circles in Bangalore established itself on Outer Ring Road and provided work opportunities to thousands under big names. It set off a chain of IT developments to mushroom around the area. Hennur also houses firms such as IBM, Hewlett Packard, HCL, Artech, Philips, Emmosys Technologies Private Limited and more.

If your place of work can be married to your residential address, you can save up on precious time catching up on that game or movie night with family, instead.

5. You’re A Smart Investor

View Of People Tree Hospital
People Tree Hospital- Hennur Property Market

Hennur has options ranging from apartments, villas, houses and plots. The scale tips in favour of apartments but since Hennur is yet to develop entirely, investors are also buying land/plots/layouts.

Hennur is slated for massive growth, especially with the IT firms setting shop in the area, connectivity, and flyovers under construction. Once completed, impending road-work will make travel to Electronic City easy as well. A lot of residential developments are also underway. This along with the Outer Ring Road being extremely close to the area, sets Hennur up for incredible appreciation in the coming years.

If you like investment, Hennur should be on you list.

Popular builders in Hennur include Brigade, Purvankara, Salarpuria Sattva, Mantri and DS Max.

Purva Palm Beach and Purva The Waves are ongoing projects by Purvankara Group offering 2 and 3 BHK apartments along with amenities including a club house, grocery store, indoor and outdoor games area, pool (including a separate kids pool), jacuzzi, jogger’s track and more. Indraprastha Ascentado is another ongoing development offering 3 and 4 BHK row houses with amenities like a club house, power back-up, CCTV surveillance, waste management system and more.

Brigade Altamont by the Brigade Group, meanwhile, is a completed project offering 2 and 3 BHK homes with regular amenities as well as a cafeteria, library, ATM, and more.

The average rent of a home in Hennur would amount to Rs 18,600 for a 2 BHK. Cost of a home is approximately Rs 4,880 per sq.ft.

If all the above reasons resonate with you, you should definitely look into calling Hennur you home.

 

Purva Palm Beach – Location, Specifications, Pricing, and Other Quick Facts

Purva Palm Beach

 

 

Today’s real estate market is ruled by competition. Real estate developers are constantly exploring new means to ‘stand out’ in the property business, primarily to secure a reputation and build long lasting relationships with their customers. The Puravankara Group has attempted a creative twist in their latest Bangalore-based project Purva Palm Beach, which is located just off Hennur Main Road.

The entire project is being built around the theme of a Tropical Beach Resort. It comes equipped with a central lagoon and an exclusive set of amenities which will appeal to beach lovers. The construction contract has been given to JMC Projects, who have over 3 decades of experience in engineering and construction projects. What’s more, this project has been registered under RERA, with its registration number as PR000091.

Approach road built and maintained by Puravankara Group
Approach road built and maintained by Puravankara Group
Purva Palm Beach Sales office
Purva Palm Beach Sales office

 

Updates as of November ’17 –

Purva Palm Beach, a project built on a Tropical Beach Resort theme is well on its way to the completion phase. The project’s possession handover will be by March 2019.The current sizes and prices for units offered in the project include:

Apartment Configuration Area (in sq. ft.) Price (in Rs. Lakhs)
2 BHK 1232 – 1341 94.32 – 122
3 BHK 1482 – 1791 115 – 161

Purva Palm Beach: Location

The project site is conveniently located just 1km off the Hennur-Baglur Main Road, which is a preferred alternate route to the Kempegowda International Airport.The most popular landmark here would be the BiOZEEN Park. The nearest mall is Elements Mall on the Thanisandra Main Road which is around 3kms away. A wide road has been constructed and maintained by the Puravankara Group, which connects the project site to the Horamavu-Agara Road. Furthermore, there are open fields, farm houses, and dense tree growth all round the project site which makes living here all the more appealing.

The Hennur-Baglur Main Road is well equipped with hospitals, schools, and other educational institutions. Various commercial centres and IT parks like the Manyata Tech Park are merely 4 km away from the Purva Palm Beach project site. In addition to this, the proposed Metro Phase 2A includes a station at Nagavara which is just 3 km from the project location. This will ensure hassle-free connectivity for the residents.

Purva Palm Beach: Prices & Specifications

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Purva Palm Beach is spread over a sprawling 19.35 acres of land, and is coming up in three phases. Phase I consists of 9 blocks which all have a G+19 structure. The 9 towers consist of 702 units of both 2 BHK and 3 BHK apartments. These apartments are being offered at a base price of Rs. 5,310 per sqft. The floor rise charges(Rs. 20 per sqft per floor), PLCs, Club House charges and taxes will be separate. The 2 BHK homes will have an area range of 1,232–1,346 sqft and 3 BHK 1,482–1,846 sqft. Accordingly, a 2 BHK here would cost around Rs. 84.3 lakh onwards and a 3 BHK around Rs. 1.12 Cr.

These home units are available in ultra premium, super premium, premium, and classic varieties depending on the type of views. For example, an ultra premium home will have a lagoon facing view, super premium will have a semi lagoon view, amenities facing homes will fall under the premium category and garden facing ones under classic. Every floor will have 4 apartments and every block will have 2 lifts.

Meanwhile Purva Waves, Phase II of the project, is coming up in 6 towers with 472 homes in all. In Phase I, around 620 out of the 702 units, have already been sold. While for Phase II, 50% of of the units have been booked. Phase III launch/pre-launch has not been planned as of yet. However, Phase I and Phase II homes will be ready for handover by 31st March 2019.

View of the Koi pond
View of the Koi pond
Fish in the Koi pond
Fish in the Koi pond

Purva Palm Beach: Payment options

Purva Palm Beach apartments are available through attractive finance schemes: 10-80-10 method, or the construction linked plan. For the former, Puravankara Group has tie-ups with ICICI and HDFC bank to carry out the sale. One can opt for nationalised banks as well. If one were to choose the construction linked plan, the developer offers a few percentage points of discounts in prices.

Purva Palm Beach: Amenities & Other Highlights

To begin with, the theme of Purva Palm Beach was what drew us to the project. It was absolutely enticing to see elaborate plans for materialising a full-fledged beach resort amidst the concrete jungle in Bangalore. A massive lagoon is planned to adorn the central area of the property, along with a wave pool, a snorkelling zone, a sunken bar, koi pond, barbeque deck, a beach volley ball court, and many such beach side attractions. This will make living here feel like a stay at a luxury resort.

Secondly, homes in Purva Palm Beach will have smart home automation systems. And finally, two club houses have been planned for the entire township. These will house a state of the art gymnasium, indoor sports court, community hall, aerobics centre and other facilities.

The Puravankara Group has a similar themed project, Purva Silversands in Pune, which is again making headlines in Pune’s property market. With yet another refreshing theme in their kitty, Puravankara Group with Purva Palm Beach is all set to lure consumers with a penchant for lavish, resort like lifestyle. Add to it the pristine locations and quality access road, one might find this project to be a good option, away from humdrum of the city.