RR Residency Multistorey Apartments Area Range 1166 - 1559 sq.ft., Located in HSR Layout, Bangalore available with 2BHK Apartments and 3BHK Apartments.
Description:
RR Residency: Rediscover Harmony
The hustle and bustle of a city, such as Bangalore, can tire even the most energetic of people. Being mindful of the stress, that many of you swallow each day, Meda Structures and Ashrith Shelters Private Limited have created an apartment complex that can help the mobile-citizen ‘rediscover harmony’ every time they come back after an eventful day. RR Residency is situated by a lake, which along with all the amenities of a modern living space such as the gym, spa, yoga-room, jogging track, pool and a park, makes the ‘house’ a special place to rejuvenate drained spirits.
This one acre property, at HSR Layout 2nd stage, offers spacious two and 3BHK houses which are well connected to all the primary business districts of Bangalore. It is just six kilometres to M G Road, five kilometres to Electronic city and eight kilometres to Whitefield. HSR Layout is a well contained suburb with all the government and utility centres for paying civic bills and citizen queries. The youthful suburb of Kormangala, with all its eateries and malls, is adjacent to HSR layout if you so desire to entertain yourself.
With all the good-life at the home owner’s disposal, we have something more to offer about our location. A weekend getaway is easier than you think; all the connecting roads to the Western Ghats (Nice-Mysore road), Andhra Pradesh (Outer Ring Road) and Tamil Nadu (Hosur Road) are less than ten minutes away.
The property is due for completion by mid-2014. Please visit us for a tour of this property and feel free to contact us for details of our future projects.
The hustle and bustle of a city, such as Bangalore, can tire even the most energetic of people. Being mindful of the stress, that many of you swallow each day, Meda Structures and Ashrith Shelters Private Limited have created an apartment complex that can help the mobile-citizen ‘rediscover harmony’ every time they come back after an eventful day. RR Residency is situated by a lake, which along with all the amenities of a modern living space such as the gym, spa, yoga-room, jogging track, pool and a park, makes the ‘house’ a special place to rejuvenate drained spirits.
This one acre property, at HSR Layout 2nd stage, offers spacious two and 3BHK houses which are well connected to all the primary business districts of Bangalore. It is just six kilometres to M G Road, five kilometres to Electronic city and eight kilometres to Whitefield. HSR Layout is a well contained suburb with all the government and utility centres for paying civic bills and citizen queries. The youthful suburb of Kormangala, with all its eateries and malls, is adjacent to HSR layout if you so desire to entertain yourself.
With all the good-life at the home owner’s disposal, we have something more to offer about our location. A weekend getaway is easier than you think; all the connecting roads to the Western Ghats (Nice-Mysore road), Andhra Pradesh (Outer Ring Road) and Tamil Nadu (Hosur Road) are less than ten minutes away.
The property is due for completion by mid-2014. Please visit us for a tour of this property and feel free to contact us for details of our future projects.
Amenities:
Multipurpose Hall
Childrens play area
Well Equipped Gym
Meditation/Yoga Room
Health Spa (Sauna, Jacuzzi, Steam Room)
Basketball Hoop
Joggig Track
Power Back up
Designer Landscape
24hrs Security with CCTV video surveillance
Rain water Harvesting
Water and Sewage treatment plants
Indoor Games like Billiards and Table Tennis
Childrens play area
Well Equipped Gym
Meditation/Yoga Room
Health Spa (Sauna, Jacuzzi, Steam Room)
Basketball Hoop
Joggig Track
Power Back up
Designer Landscape
24hrs Security with CCTV video surveillance
Rain water Harvesting
Water and Sewage treatment plants
Indoor Games like Billiards and Table Tennis
Bangalore Real Estate Market is Steady and Investor Friendly
Property market saw a boom all over the country during the last few years, and the prices of properties made it impossible for a common man to think of buying any property in Bangalore during this period. Seeing this sudden boom in the real estate market, many developers entered into the real estate market in Bangalore, since Bangalore was considered to be the fastest growing city in the country.
No doubt, Bangalore is one of the fastest growing cities of the country as could be seen from the launch of major infrastructure projects, like construction of flyovers, widening of major and primary roads, construction of grade separators, under passes, Metro rail, Mono rail etc. The city has grown not only in area but also in population. Bruhat Bangalore Municipal Corporation now has within its jurisdiction 110 villages, Seven city municipalities and one town municipality surrounding Bangalore and thereby the area which was just 250 sq. kms is now almost 900 sq. kms.
The population which was about 40 lakhs is now about 80 lakhs. The entry of a number of multinational and IT, BT companies has also contributed to the growth of the city in the past /two decades. The growth has not only attracted the young job seekers, but many educational institutions have been established in and around the city of Bangalore wherein students hailing from various parts of the country and abroad seek admission in various technical and managerial academic courses. All these factors have contributed to the growth of population of the city of Bangalore.
As the Bangalore city is now considered to be the destination for investment in trade and industry and the increase in population has automatically created a greater demand for accommodation both in commercial and residential sectors.
Most of the owners of residential/commercial properties in Bangalore are expanding their built up area by constructing many upper floors to meet this greater demand. To some extent this step may meet the demand for accommodation in the city.
When this upward trend in the real estate sector was in full swing, then the came the global recession and the recession has greatly affected the real estate industry, particularly the construction sector. Buyers were forced to defer their investments strategies for various reasons. As a consequence thereof, there remained a large number of flats vacant awaiting the prospective purchasers. This trend continued till recently and the property developers were under great strain. However, the situation is now slowly improving.
The demand for accommodation, both for commercial and residential, is now much improved. Developers, who have developed the properties and were not able to sell their end products, will now be able to dispose them of. To off load their finished products, the developers who are ready with their completed projects are offering various incentives like concessions in prices, provision of swimming pools, clubs, gyms, small markets, gardens, playgrounds, easy payment schedules, etc within their project area. With these incentives and facilities it is expected that the buyers will now get motivated to invest their money in real estate market. The present situation seems to be quite favorable for middle and higher middle class people for invest men t immovable properties.
The demand for residential accommodation being very high the developers hope to sell their properties. In addition to this, the authorities, though late, have realized that the needs for basic infrastructure in all the localities have to be met expeditiously and are now responding favorably to such demands of the people. Now that the infrastructure development activities are in full swing and the property developers too are providing some of the basic infrastructure needed within their project areas, banks are offering required funds in the form of long term housing loans, it is hoped, the prospective investor in real estate would come forward to invest their money on the immovable property to own property of his in the city of Bangalore. The real estate pundits also feel that it is the appropriate time for investment in the real state since the real estate market seems to be steady and investor friendly.
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