Surging demand in Bangalore’s mid-segment housing has driven Samruddhi Realty to launch seven residential projects across the city

Bangalore to witness 20% price rise in houses with ticket size of Rs. 45 – 60 lakh in CY 2014

Bangalore, June 25, 2014, Samruddhi Realty Ltd, one of Bangalore’s leading mid-segment and Luxury housing developers, presents seven residential projects to meet the growing demand in Bangalore’s mid segment housing and luxury residence. The group offers around 718 world class residential units housed at Samruddhi Rhythm, North Square, Bliss, Lake Drive, Mystic Wind and Winter Green, located in prime localities of Bangalore.

Commenting on these launched projects, Ravindra M. Madhudi, Executive Director, Samruddhi Realty said, “With growing number of industries and the floating population, we foresee an increasing demand for affordable housing in Bangalore in the next couple of years. The prime localities identified within the city due to proximity to workplace are Hennur Road, Bellary Road, Sarjapur Road, Whitefield and Marathalli. All our projects are located in these localities and are expected to have high absorption rate.”

“Like all our previous projects, these apartments also continue to abide by our unwritten code of transparency, trust, quality and customer – centric attitude.” he added.

It is estimated that the Indian Real Estate market size will touch US$180 billion by 2020, with the residential segment contributing significantly. According to a report by Cushman & Wakefield, Bangalore has recorded the largest number of units (around 17,000) launched in the first quarter of 2014, followed by Mumbai and Chennai. This increase in the city is definitely driven by the IT and other industries, influx of working population from other regions and also easy availability of home loans from financial institutions.

The four completed landmark projects of Samruddhi in the city have 100% occupancy and the newly launched projects have already started to receive enquiries and bookings. Samruddhi projects set apart and stand tall from its competitors with distinguished advantages like common area cladding, 10 feet clear height, granite cills and jambs etc. The projects also consist of key mandatory amenities like rain water harvesting, sewage treatment plant, solid waste management amphitheatres. All residential complexes of Samruddhi are self sufficient with amenities like the gym, walking tracks, temple, swimming area, and kids play area, club house, party area and convenience stores. CCI Newswire