Puravankara Group is all set to announce on Jan 24th announced the pre-launch of their new residential high-rise apartment project to be called Purva Palm Beach on Hennur Road, North Bangalore near Biozeen. Purva Palm Beach will be spread across 19.34 acres and will offer about ~1323 apartments. As the name suggests this theme based project will have an artificial beach however the views of which will come at a premium.
As of the pre-launch date of January 24th 2014, Indicative base price in the range of 4290 to 4650/- per sft
Indicative other charges as of pre-launch
Floor rise charges – 20/- per sft
Premium charges – 150/- per sft
Super Premium charges (The Lagoon Views) – 450/- per sft
Club house at 225000/-
Covered car part at 350000/-
Purva Palm Beach Concerns
Readers are right in their concern on how the beach/lagoon will be sustained with water being a precious resource in Bangalore
Apartments facing the beach are priced Rs. 450/- per sft extra which is quite a premium
Purva Palm Beach Investment Plus Points
Marketing stuff on the project include
“Proposed widening of Hennur Road from 80 feet to 120 feet
Proposed 33 kms High Speed Rail Link will connect city centre and International Airport around 2016. It is proposed to have two stops, one at Hebbal& the other at Yelahanka which are close to Hennur Road.
Hennur lies in close proximity to the 31 km mono rail link from JP Nagar to North Bangalore.
The 116 km proposed Peripheral Ring Road shall ease the connectivity between Hennur Road, Bellary Road & Old Madras road amongst others
72 kms Metro Rail Phase 2 – A Parallel Line is planned to the North South Corridor, running between Nagawara (Short distance from our Purva Palm Beach) to Gottigere in the South. On completion of this,
commute time between Hennur Road to the Southernmost part of the city could come down to a mere 20-30 mins
As per the Comprehensive Development Plan, the Pipeline Road on which Purva Palm Beach is located shall cut through Hennur Road, Thanisandara Road and Bellary Road on one side and shall connect to Old Madras Road on the other side”
Take the poll – Is Purva Palm Beach a good investment?