Goyal & Co developers, a pan-Indian developer, are in the EOI stage with their new project, Summers at Orchid Nirvana in Devanahalli.
With the airport and STRR within close distance, this plotted development has the potential to develop healthily with a strong price appreciation. As it's still a developing market, buyers here have an early-mover advantage.
Summers at Orchid Nirvana: Project Overview
Why Does Summers at Orchid Nirvana Stand Out?
Early Market Advantage
Located in Devanahalli, this micromarket is fairly untapped when it comes to saturation or popularity. It is within 20mins access to the airport and very close to STRR, lending it a strong anchor point when it comes to micromarket development, thereby strong good appreciation as well.
Pan-India Developer
Albeit Grade B, Goyal & Co are popular pan-India developers with credibility and reliability in Indian real estate.
Summers at Orchid Nirvana: Strategic Location
As it’s close to STRR, it will bring people to the area due to this anchor point and a demand for social infrastructure and other development will eventually pop up. Price appreciation will be strong for this market as it’s still in its early stages of development and so carries with an early-market advantage.
Foxconn manufacturing is in talks to open an office and factory in this micromarket, which will generate a lot of white and blue collared jobs, which will make this location even more appealing.
Apart from being very close to the airport unlike other areas of Bengaluru, Devanahalli also has a strong presence of Grade A developers, further anchoring the potential for this location.
Summers at Orchid Nirvana: Employment Hubs
- Ecopolis IT Park - 27 min
- Kirloskar Business Park - 40 min
- Manyata Tech Park - 40 min
Summers at Orchid Nirvana: Strong Social Infrastructure
Hospitals
- Ramaiah Leena Hospital - 12 min
- Akash Hospital - 15 min
- Cytecare Hospital - 28 min
- Omega Multispecialty Hospital - 40 min
Educational Institutions
- Nagarjuna College of Engineering & Technology - 12 min
- Oxford English School - 12 min
- Akash International School - 15 min
- Harrow International School - 20 min
Summers at Orchid Nirvana: Pricing & Market Context
With Rs 6,999/sq ft as the base price, this project falls below the Bengaluru market average or ₹9,500/sq ft. Since it’s a developing market and a plot, the pricing is valid. However, it is important to note that this price is also an early-market advantage, and might rise eventually as this micromarket does.
Watch-Outs for Summers at Orchid Nirvana
Developing Market
While it does hold an advantage of being a developing market in terms of low-costs, social infrastructure and others might still be far away.
Final Thoughts on Summers at Orchid Nirvana
With ₹6,999/sq ft as the base price, this plotted development by Goyal & Co falls on the affordable side of the market average.
It is within 20 mins distance to Bengaluru airport, which is a unique advantage that most projects don’t have, along with other factors like the Foxconn factory and STRR-proximity contributing to its potential.
A major drawback would be that it is still in a development phase and that the market might take time to mature, but will bring with it healthy price appreciation.
