Ajmera Stone Park is one of the popular residential developments
in Electronic City, Bangalore. It is among the ongoing projects of Ajmera Realty and Infra India Ltd. It has lavish yet thoughtfully designed residences
Ajmera Stone Park introduces the AJMERA lifestyle to the IT hub of the city i.e. electronic city. Each of the building residences
delivers expansive floor plans. Ajmera Stone Park is a blend of modern architecture, cultural richness and an oasos of elite comfort. It is an invitation to inspired living. Befitting Ajmeras’s legacy of service excellence, residents will have access to amenities like clubhouse, swimming pool, park, plaza, WiFi court, badminton court, ground etc.
Ajmera Stone Park is a novel pre-launch residential project
proposed by the renowned brand entity Ajmera Housing Corporation. This new address would consist of well constructed infrastructure and premium specifications offered in the form of 2BHK apartments
with 956-1200 Sq.ft, 2.5 BHK
– 1300 Sq.ft and 3 BHK
of 1550 Sq.ft. A well planned and crafted by a top class architect it bears a symbol of majestic looks which are specially designed for a comfort living
RISE OF BANGALORE’S REAL ESTATE
The city of Bangalore is emerging as a global hub of technology in India. The transition had its impact on many fields and one such being the real estate, which is witnessing radical changes. With these current developments, there has been steep increase in the prices, resulting in huge fluctuation in the rates. Nevertheless, the advent of major industries in Bangalore has brought about consistency and stability over the fluctuating prices real estate scenario.
There has been exceptional growth in the population due to increasing numbers of migrants from different states to Bangalore city. As a result, there is a huge demand for housing solutions. In order to cope up with the increasing demand for housing, new layouts, both private and BDA are coming up, which, in turn, has brought about the balance between the increasing demand for houses on one hand and stability in house prices.
Factors for demand
The rapid increase in the demand for the quality residential space is due to the following reasons:
-> Rise in the income of the middle class, thereby improving their expectations levels, and the main reason behind this is the growing IT Boom.
-> Need of accommodation facilities for employees of multinational companies such as IT, BPO at Bangalore.
-> Invasion of large Corporate sectors houses and expansion of the existing MNC’S.
As we know, the city of Bangalore attracts one and all due to various reasons, such as:
• Better career opportunities.
• Easy availability of potential manpower
• Pleasant weather
• Descent standard of living
• Good social life, recreation and entertainment facilities
Nevertheless, above factors overshadow the unpleasant side of the Bangalore City such as poor infrastructure, development, inefficient administration of the public and statutory bodies, etc.
The government, after realizing the pathetic condition of those who are in desperate search of a ideal property
, yet hesitate to proceed due to unaffordable prices. The neighboring suburbs such as Banashankari, Hosur road, Mysore road, Whitefield, Bellary, Yelahanka, Devanahalli Road, and other places, where land rates are comparatively more affordable and reasonable compared with Central Business District
Foreign Direct Investment
The Government in Feb 2005, relaxed the ban on Foreign Direct Investment. As a result of the said relaxation, investment over the real estate in Bangalore
has increased incredibly, not only by Indian investors, but also many enthusiastic foreign investors and the investment is estimated around 2 billion US$
In order to cater to the fast growing demand for owning a house at Bangalore
, initiative was taken by BDA, which formed three new layouts at Banashankari 6th Stage, Visveswaraya Layout, and Anjanapura Layout. Though the BSK 6th stage, Anjanapura and Visveswarya layouts were formed a long time back, nothing much have been done for its development. All the said layouts are not habitable at present. It may take another 5 to 10 years to live comfortably in these layouts.
The said layouts have been formed by BDA but has miserably failed in providing civic amenities such as sanitation facilities, electricity, water supply and various other facilities such as Road, Shopping, Parks. Etc.
As regards the more expected layout at Arkavathy is concerned, the same was delayed for quite some time due to unnecessary legal battles initiated pertaining to the commencement of the said project. However, the developmental activities was permitted to commence by the Hon’ble High Court , but any such commencement is still expected from BDA. It may take some more time for everything to get into order.
The same holds good with respect to the BMIC project and the Hi-tech City on Sarjapur road
. Nothing is in order right now and a fast and sincere initiative should be taken by the Government to set right all the above.
Government is not encouraging the private builders
to form layouts approved by BDA. Though, the private builders have sophisticated building excellence and potential man power, they are hesitant to proceed with the venture due to constant variation of government policies on guidelines and restrictions imposed on the developmental activities undertaken by such private builders
Thus, owning a property in Bangalore
with good civic amenities and at affordable would virtually become a dream, specially for people who aspire an apartment
or a vacant land for affordable prices. Now burden lies on BDA, BMRDA and KHB to expedite quality developmental activities for the reasonable rate with all the basic civic amenities.