Splendid Group — Beginning Of New Era In Bangalore

Bangalore, is truly witnessing a makeover in terms of fast paced developments that are taking place. Apart from the mentioned reasons, several other factors that have led to this increased demand include the increase of living standard and purchasing power and changing lifestyle of the people. The number and quality of luxury residential projects is increasing each year which makes Bangalore an apt location to migrate to as well as for investment. Bangalore has top ranked it by offering luxury apartments in the range of Rs 23,000 to 26,500 in many of its prime localities.

The past few years have observed a slow pace of demand for Luxury Residential property. Owing to this, not many real estate developers considered stepping in to the “luxury” segment. But a recent report by JLL India real estate consultancy firm, Bangalore has successfully stepped into the realty market’s luxury property segment.

This trend didn’t pop up overnight but several factors contributed to it. The major reasons for the upsurge in demand of Luxury residential housing include swell in the number of (HNI’s) High net worth individuals and Non Indian Residents, the advent of global lifestyle trends, the rapid pace of urbanization and intensification of service diligence such as financial services, technology and plunge of rupee value. The recent downfall of rupee value lured the NRI’s interest towards Indian property and this premium segment of population strives to possess nothing but the best.

This has given a big enough reason to many developers to launch an array of luxury and super luxury residential projects with exceptional facilities which not merely serve the HNI’s but also falls in common mans budget. In addition, NRIs are reassessing to move to India as they feel these investments as a potential investment option with full-fledged facilities that are required for High end consumers.

Splendid Group’s luxury projects like Splendid Group Elite, Splendid Group Lake Dews and Splendid Group Skyline offer an opportunity to relish luxury at affordable price.