subject: Bangalore Real Estate Sees New Concept Of Villament [print this page] Villaments is that the buzzword in Bangalores land lexicon. A villament is where an apartment ends and a villa begins. Its a thought thats gaining popularity with people who wish the posh of a villa and nevertheless crave the comfort and convenience an apartment affords.
Its a promoting strategy where developers provide the privacy of a villa and also the facilities of an apartment. whereas costs of villas is also out of reach for several and also the density of apartment units too claustrophobic for a few villaments step in to bridge the divide.
A large section of individuals who aspire to have a villa however cannot afford it. Here comes the concept of a villament that offers them a villa lifestyle at reasonable costs. Villament cost 30-40% more than average residential property in Bangalore and around 20 to 30% less than average villas. Villament gives you the privacy space and oodles of greenery at the same time it offers you the vibrancy of apartments having the security and the price of a high-end apartment.
For example one of the developer of Bangalore Habitat Ventures has just launched Habitat Crest Villament in Bangalore Whitefield. In Habitat Crest each villament has an exclusive green space of up 1250 sq ft enabling you to create your own kitchen garden, zen garden or barbecue pit. This residential property has just five homes in each tower with space for 3 cars in the basement. The developer has build 150 villament that would have corresponded with 400-450 units in an apartment complex and 40-50 units in a villa project.
Corresponding the prime location the developer could blend the luxury aspect of a villament in rather than do a generic apartment project which had a supply of surplus. As the market research showed that the most property in Bangalore micro-market were priced between Rs 50 Lakh to Rs. 1.25 Crore. As the decent villa cost in excess of Rs. 2.5 Crore. Doing a villament project allowed us to positioned ourselves between these two segments in terms of the physical attributes of the units and its price point.
Another example shows that Salarpuria Sattva has launched a villament project on Sarjapur Road. Similarly Real Estate Developer LGCL has launched a villament project Luminaire which spread across 3.8 acres off HAL Airport Road.
A Bangalore based real estate developer, CMD, Bearys Group Mr. Syed Beary stated that the concept of villaments was pioneered by his group in its project. The Bearys in 2000 launched a villament project Orchid Greens at the intersection of HAL Airport Road and Indiranagar 100 Feet Road in Bangalore. Over 60% of the total project space was reserved for greenery.
To give buyers a feeling of privacy and space the developers are constructing each villament at a 45 degree angle so that no unit looks into another. And also every corridor leads to only one apartment unlike in regular apartment dwellings where one corridor leads to 4-5 apartments.
Residential property in Bangalore Contrived to greater level from its start point to till date. Witnessing many incredible reasonable and luxurious property in Bangalore as well these development in the history of real estate market in Bangalore have fascinated many global tenders for the infrastructure development in the city reputed builders and developers some are DLF Group, Prestige Group, Brigade Group, House of Hiranandani and many more.
