New Apartment in Bangalore – Prestige Evergreen by Prestige Group

Prestige Evergreen is the latest upcoming luxury apartment project by Prestige Group on Varthur Road, Whitefield – East Bangalore. Spread across 28 acres, this landmark development will feature around 2,000 premium homes designed with modern layouts, lifestyle amenities, and landscaped open spaces. Located in the IT hub of Bangalore, the project enjoys excellent connectivity to Whitefield, Outer Ring Road, and the upcoming Metro line, making it ideal for professionals and families alike.

Why Invest in Prestige Evergreen & Prestige Group Projects in Bangalore?

• Trusted Brand: Prestige Group is a top real estate developer in India, well known for its projects in Bangalore.
• Prime Locations: Their projects are strategically located near IT parks, business hubs, schools, and hospitals, ensuring convenience and strong rental demand.
• World-Class Amenities: From clubhouses and swimming pools to green landscapes and co-working spaces, Prestige developments are designed for modern urban living.
• Value Appreciation: With Bangalore’s real estate market growing at a steady pace (8–10% annually in 2025), Prestige homes in prime areas like Whitefield promise strong appreciation and excellent returns.
• Community Living: Large integrated townships like Prestige Evergreen create self-sustained neighborhoods with a blend of residential, retail, and leisure spaces.

Why Buy New Apartments?

• Modern Design & Layouts – Optimized floor plans with better space utilization.
• Latest Construction Standards – Built with advanced materials, earthquake-resistant structures, and updated safety codes.
• Energy Efficiency – Smart lighting, water-saving fixtures, and eco-friendly features reduce utility bills.
• Smart Home Features – Many new apartments come with automation, digital locks, and app-based controls.
• Modern Amenities – Clubhouse, gym, swimming pool, co-working spaces, EV charging stations, etc.
• Lower Maintenance Costs – Everything is brand new, reducing repair expenses for years.
• Better Security – 24/7 surveillance, video door phones, and gated community systems.
• Higher Property Value – Stronger appreciation potential compared to resale apartments.
• Fresh & Customizable – No prior usage; buyers can often choose interiors, finishes, and upgrades.
• Builder Warranty – Covers construction quality and fixtures for an initial period, giving peace of mind.

Advantages of Buying an Apartment in Bangalore

Strong Investment & Appreciation

• Bangalore’s real estate consistently shows long-term appreciation, especially in areas like Electronic City, Whitefield, Sarjapur Road, and Hebbal.
• In H1‑2024, the city witnessed a 32% year-on-year growth, with premium segments experiencing rapid price increases.

High Rental Demand & Yields

• A steady influx of IT professionals, students, and migrants ensures strong rental demand. Average monthly rents: Electronic City ₹18k–28k, Whitefield ₹27k–39k, Sarjapur Road ₹29k–41k.
• Some Bangaloreans are moving away from renting due to difficult rental norms—“renting feels like extortion,” leading many to prefer ownership.

Thriving Job Market & Economy

• As India’s Silicon Valley, Bangalore hosts IT giants, startups, and Global Capability Centers (GCCs), fueling consistent demand for residential space.

Infrastructure & Connectivity Growth

• The city is expanding its metro network (adding ~72 km and 62 new stations), improving connectivity to residential and business hubs.
• New projects like flyovers, the Peripheral Ring Road, and a planned second airport show that the city is set for strong future growth in infrastructure.

Diversified Housing Choices

• From budget-friendly to ultra-luxury, Bangalore offers options for a variety of budgets.
• Emerging zones like Hebbal, Kanakapura Road, and Mysore Road offer affordability, while Koramangala and East Bangalore cater to premium buyers.

Lifestyle & Social Infrastructure

• Modern amenities—gyms, clubhouses, security, landscaped gardens—are standard in many projects.
• Bangalore’s malls, schools, hospitals, and cultural spots make it a popular choice for families, professionals, and NRIs.

Financial & Tax Benefits

• Home loans are readily available at competitive rates and offer tax benefits under Sections 80C and 24(b).
• Culturally, real estate is seen as a sound investment; low interest rates and tax incentives make EMI burdens easier to bear over time.

Challenges to Consider

High Upfront & Ongoing Costs

• Property prices in prime areas like Koramangala or HSR Layout can be steep.
• Luxury projects come with higher maintenance charges and added expenses such as stamp duty and GST.

Traffic & Infrastructure Strain

• Despite improvements, congestion, limited water supply, and infrastructure inconsistencies remain in parts of the city.

Maintenance & Builder Risks

• Gated communities often have recurring maintenance fees.
• Builder delays and project execution are still risks—though RERA has improved accountability.

Legal & Regulatory Checkpoints

• Buyers must ensure RERA compliance, clear land titles, and reputable developers to avoid disputes.

At-a-Glance Comparison