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Real estate developer Casagrand plans to invest Rs 2,000 crore in Bengaluru by 2024 to develop 15.5 million square feet of residential space. The company has acquired land parcels with a potential revenue of Rs 13,500 crore. Casagrand aims to develop 25 new residential projects across various locations in Bengaluru this year. Sathish CG, Director of Casagrand (Bengaluru Zone), stated that the company sees a huge potential in the Bengaluru market and plans to scale up its presence by investing more and launching more projects.
Casagrand recently launched Casagrand Zaiden, a residential project located off Kanakapura Main Road. The project covers 3.69 acres and offers 2 BHK and 3 BHK apartments starting from Rs 74 lakh. It is registered under RERA PRM/KA/RERA/1251/310/PR/120423/0058 62 and will be handed over within 24 months.
Bengaluru, located in the southern part of India, is the capital city of Karnataka state. It is known for its vibrant culture, pleasant weather, and as the Silicon Valley of India, with a thriving IT industry that has contributed significantly to the city's economic growth. Due to its rapid urbanization, the city has also witnessed an increase in traffic congestion, pollution, and water scarcity, which has become a significant challenge for the residents and the government.
The real estate sector in Bengaluru has been attracting significant investment in recent years, with many developers launching new residential and commercial projects across various locations of the city. Bengaluru's real estate market offers a range of options for homebuyers, from affordable housing to luxury apartments and villas. With the city's expanding infrastructure and connectivity, the demand for housing is expected to rise, leading to an increase in investment in the sector. However, the city needs to address the challenges related to traffic congestion, pollution, and water scarcity to sustain its growth in the long run.
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