Gunda Misty. apartments. March 21st , 2017.
With the end of the civil war Sri Lanka as experienced growth in almost all market segments. Of these, one of the most positively impacted areas has been the real estate market. The growth has been seen to be supported in two ways. For one, more and more foreign investors have been encouraged to carry out developments in the property market which has resulted in many projects such as apartments for sale, flats and even houses for sale coming up. This can be attributed to certain political moves like the Restrictions on Alienation of Land Bill put forward in 2014 supporting more foreign direct investment. On the other hand the demand to buy home from the homebuyers perspective has also increased. As such, the demand for Colombo apartments, mainly in areas like Dehiwala, Colombo 05 and similar locations has increased. In addition, there is also a growing segment from buyers to investors showing interest in luxury property as well.
Having a close and quick accessibility to the Krishnarajapuram (KR Puram) railway station just 3 kms and also to Banaswadi and Bangalore East railway stations, Horamavu is moving towards a more urban setting. Located on the outskirts of the city, there is a huge demand for houses and apartments in Horamavu as people can actually enjoy large land parcels and lower prices and stay away from the hustles of the city, especially at nighttime.
In India, There is no special parameter to measure a parking efficiency of luxurious projects. But the commonly followed standard regarding parking area is that the number of car parks should be equal to number of bedrooms available in the flat. For instance, if a flat has three bedrooms, than it should provide 3 car parks. And now, many luxury projects in Mumbai provide a puzzle-type and stack parking space.
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