Thursday, August 7, 2008

Brigade Gateway price appreciation

Source:- Economictimes

Brigade Gateway is located in North-West Bangalore where some neighbourhoods still capture the good-old Bangalorean way of life and where owning an independent house is still a status symbol. Bangaloreans today are opting to shift into high-rises and residential enclaves that are designed as ‘lifestyle enclaves’ supported by essential infrastructure like a super-specialty hospital, mall, multiplex and a school, among others.

Gateway has been designed as an enclave comprising residential, retail, commercial and hospitality sections. Designed by New York-based architectural firm H O K, it spans 41 acres. Central to the project is a 2-acre man-made lake. Landscaped seating areas, benches, tree-lined promenades and open–air cafes will border the lake.

The development will comprise over 1,200 apartments spread across 13 residential wings, a Sheraton hotel and an 8-lakh sq ft mall. Also in the offing is a 30-storied office complex adding up to 1-million sq ft of commercial space, a 152-bed hospital to be run by Columbia Asia, the Brigade School and a 12-screen multiplex to be set up by the PVR Group. The office tower, called North Star, would be connected to the hotel through a sky-bridge. It includes an observation deck and a helipad.

The Orion Mall is spread over five levels, offering a wide choice of retail, entertainment and food and beverage outlets. According to the company, the mall’s attractions include a stage, amphitheatre, four-storey atrium, extensive landscaping and water features, exhibition and event space and a pedestrian plaza.

Gateway is among the two enclaves that the Brigade Group is currently developing in Bangalore. The second, Brigade Metropolis, is in south Bangalore in the Whitefield technology hub.

According to realty consultant Cushman & Wakefield, prime residential property rates in Malleswaram-Rajajinagar hover around Rs 4,675, registering a 2% increase in the past 12 months. These are average values for a three-bedroom unfurnished premium apartment measuring 2,000-3,000 sq ft.

While parking woes continue to bog Bangalore, the enclave has provision for a multi-level car park, adjoining the office tower, and can accommodate over 2,000 cars. The multi-level car park will extend across two levels of basement and seven upper levels. Additional parking of two basement levels in all zones will be provided. In all, there is a provision to park over 6,000 cars.

The project is located well within the city, around 10 km from M G Road CBD. In future, a metro rail station will come close to the project. Here, prices have seen a significant appreciation since the launch of the project in early 2006. Prices of apartments range between Rs 5,810 and Rs 7,490 per sq ft and are valid till July 31.

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Read all posts of Brigade Gateway

16 comments:

  1. The project is running almost 1 year late. People who have invested in this project are left hanging without any firm comittment on completion date. - ex-Bangalorean who has invested in Brigade Gateway.

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  2. If you are an owner at Brigade gateway this is a good forum to network with other owners : http://groups.google.com/group/BGHOA

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  3. Things are coming together. Brigade is in the best shape of all developers and many people have started work on interiors already. Flats are being registered and I will be moving into my flat in June 2009. In fact, my brother is looking for a 4BR flat and there are no sellers. I think that is good news and shows that people believe in the project. I went and visited the 4BR model flat and it looks very nice with very little space wastage. I think the 3BR may be a little bit cramped up though.

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  4. I was also looking for a 4BR and found that none were available. This is because Brigade Metropolis does NOT have a 4BR plan! The max one is a 3BR plan. Please check their website.

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  5. Brigade Gateway is been delayed for more than a year and half. Brigade group is the worst group to deal with. I am telling this as a purchaser of an gateway apartment. JS and BEL should be ashamed of themselves for putting together an poor show starting from customer satisfaction to execution.

    Down Brigade group!!!

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  6. terrible terrible
    How long can we wait for this white elephant project.Once upon a time I was beaming with pride when I brought 2 apartment flat in gateway when the structures were going up fast and every one were envying us,Now I am hanging head in shame and people seem to be making joke/or am I paranoid?

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  7. I'm own a flat in Brigade Gateway and honestly frustrated with the delay in handower. Its running more than 18 months late with no commitment on a handowver date.

    If you are a potential buyer...stay away!

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  8. These guys suck ..

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  9. Does anyone want to sell their flat. Pls contact me at s_c99@yahoo.com

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  10. if anyone wants to sell their flat, please contact at reji.raghavan@yahoo.com

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  11. Hi to all
    as a new comer to the real estate field and as a realtor,i have experienced that Brigade group is serving with an outstanding and advanced methodolgy to the indians,which is suitable for high end living.

    This blog is my duty as a student of Journalism and thought to say it to the world

    mansoor shaque:9611976896

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  12. Mansoor,

    You are a newcomer and it shows

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  13. Hi

    I intend settling in Bamglore and want to buy a flat in Brigade Gateway.

    ANY SELLARS PLEASE CONTACT :
    JUGALMEHRA@GMAIL.COM

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  14. Am looking for 4 BHK House at brigade gateway Please let me know if some one would be interested in selling there property.

    Pradeep - 09886185666

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  15. Super hyped Projects,People don't think abt the Roads leading to Brigade,Imagine atleast 10000 Cars looking for Parking space already in a cramped space.

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  16. according to me , now may be the best time to buy it as there seems to be close to livable condition. Btw I was interested in a 2 bed but while i googled it up I saw this site
    http://www.commonfloor.com/brigade-gateway-bangalore/povp-81ayba
    which gave details of a 4 bed just in case anybody was interested. but I also saw it on the brigade website too, wonder how come u guys didn't find it

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