PropTiger Promotes Early Home Ownership With Bengaluru’s Artha Neo Smart City

National, March 01, 2016: Presenting an exciting opportunity to make early home ownership possible and have a smart investment option, PropTiger.com brings Bengaluru Artha’s Neo Smart City Project. Located in the posh Bengaluru suburb, Hoskote, the planned township offers well-developed infrastructure coupled with proximity to leading corporate hubs including Whitefield. Riding on the rising demand for affordable housing in the region, Neo Smart City has residential properties starting for as low as Rs 15 lakh for a 500-square-feet apartment. For buyers planning to invest in property here, PropTiger.com has acquired the exclusive selling rights for Artha Neo Smart City Project in Hoskote for the first three months.

Home buyers can also avail easy subvention scheme by paying just Rs 86,000 as down payment and the remaining payment will be made by customer only after possession.

According to the findings from the recently released Realty Decoded Report Q3’FY16, an exclusive quarterly report on real estate trends by PropTiger.com’s datalabs division, Bengaluru witnessed a 13 per cent rise in property prices over the past two and a half years. Furthermore, close to 70 per cent demand in the sector came for the less than Rs 75-lakh segment. In such a scenario, this opportunity comes as a boon for those looking for affordable housing or a quality investment option.

Bengaluru’s real estate segment is largely driven by professionals working in the IT and ITES industry, which is now amplifying the residential demand in micro markets like Hoskote as well. This demand is rising due to the area’s social infrastructure, proximity to corporate hubs and access to medical and educational facilities. In addition, a 116 km long peripheral ring road announcement further augers well for real estate in Hoskote.

Commenting on the locational advantages, Mr Sunil Mishra, Chief Business Officer – Primary Sales, PropTiger.com, said, “It is our constant endeavour to provide the best possible opportunities in the sector to our customers in line with our commitment. With various added advantages, Hoskote has emerged as one of the leading micro markets of Bengaluru and the Artha project only reinstates our consistent commitment towards our consumers by offering them affordable and innovative buying options.”

Corporate Comm India (CCI Newswire)