Project of the Week: Brigade Orchards Parkside (Retirement Homes), Bengaluru
The residential real estate sector in India has a new and emerging category of buyers and investors, the senior citizens. According to the numbers released by the government in 2011, India has more than 100 million elderly persons and this number is expected to double by 2030 and cross the 300 million mark by 2050.
The need is to build projects that offer amenities that are exclusive to the retired couples and individuals, and providing them with a comfortable and hassle-free lifestyle. After seeing all the ups and downs of life, the retired life is the time to unwind all the responsibility and live peacefully. To fulfil the needs of the senior citizens, the Brigade Group has introduced its “smart township” project in Devanahalli, Bengaluru. The project, Brigade Orchards, has a division, Parkside that clusters homes specifically designed for the senior citizens.
The project
Parkside is a part of the huge 130 acre township of Brigade Orchards that has 1BHK and 2BHK apartments in different sizes ranging between 1020-1550 sq ft salable area. The community has been designed to offer its residents a life, which is a balance of leisure, activity, spirituality, and entertainment. The total number of apartments available here are 156. The apartments are distributed in buildings rising up to eight floors, all equipped with well-serviced elevators. The buildings have been efficiently designed with the eco-friendly features such as solar lightning and heating, automatic cooling, garbage segregation, and much more. The developer has collaborated with Age Ventures of India, an entity of the Help Age India, for the administration of the society.
The project has a varied range of amenities that render a comfortable living style to its residents. Some of the exclusive ones are:
The Locality
A locality truly compliments a residential set up as it is one of the most important parameter that an individual considers when buying a home. Brigade Orchards Parkside resides in Devanahalli, a prime locality in Bengaluru, which is easily accessible and is located close to some of the important hubs. Some of the key locational advantages are:
Infrastructure and other prospects
Devanahalli is an emerging real estate hub with various residential and infrastructural projects coming up. The area is all set to have the Kempegowda International Airport, which will be the second largest in the country. This project will trigger further infrastructural development such as widening of the arterial roads that would further improve connectivity. A satellite ring road is also proposed that will pass through the area. It will also be benefited with the Namma Metro Phase-III, one of the major connecting links to the airport. The area is also being considered to be developed as the Information Technology Investment Region.
Price
The developer offers a price of Rs 4,290 per sq ft, while the average price of the locality is Rs 3,819 per sq ft. Some of the projects located nearby such as Hiranandani Calgary and Indya Estates Sky View are priced at Rs 4,500 per sq ft and Rs 3,275 per sq ft, respectively. The price of the Brigade Orchards Parkside has increased by Rs 100 per sq ft since the time it was launched in May 2014.
The developer
The Brigade Group was established in 1986 with headquarters at Bengaluru city. The organisation has always focused on making its principles clear about creating services that ultimately improve the quality of life of home buyers. Some of its other renowned properties in Bengaluru are Brigade Crescent in Fraser Town and Brigade Metropolis in Vasanth Nagar.
PropGuide's verdict
| Parameter | Verdict |
| Project | Good |
| Price | Average |
| Locality | Very good |
| Developer | Good |
Brigade Orchards Parkside, Devanahalli places a special focus on the needs and requirements of senior citizens, which makes it unique. So anyone who is retired and is searching for a perfect destination to settle down this might be a good option to choose from.