Bagalur's Rising Star: Assetz Codename Summit

Introduction

North Bangalore has become one of the most active real estate corridors in the city. The area around Kempegowda International Airport continues to attract homebuyers and investors alike. Among the new developments here, Assetz Codename Summit stands out as a project worth watching.

This RERA-registered project offers 3 BHK apartments in the KIADB Aerospace Park area of Bagalur. The development is proposed and subject to applicable approvals. Let us take a closer look at what this project offers.

Location Advantages

Bagalur sits in North Bangalore, close to the KIADB Aerospace Park. This location benefits from strong connectivity to the airport and major employment centres. The area has seen steady infrastructure growth in recent years.

The project's position in Gummanahalli places it near the aerospace and defence corridor. Residents can expect easy access to the airport and nearby tech parks. The upcoming metro extension and Satellite Town Ring Road are expected to improve connectivity further .

North Bangalore has become a preferred choice for professionals working in aerospace, IT, and logistics. The area offers a mix of established neighbourhoods and new developments. This makes it attractive for both end-users and investors.

Amenities

The project plans to offer a clubhouse spanning approximately 13,500 sq.ft. This will serve as the social hub for residents. The development keeps about 73% of the area as open space.

Specific amenity details are not officially announced yet. Buyers should check with the developer for the latest information. Amenities marked as "Coming Soon" will be confirmed closer to completion.

Expected amenities in such projects typically include a gym, swimming pool, and children's play area. However, these are not confirmed for this project. Please verify all details directly with Assetz Property Group.

Developer Overview

Assetz Property Group has been active in Bangalore's real estate market since 2006 . The company develops both residential and commercial properties. They focus on quality construction and sustainable building practices.

The developer has completed multiple projects across Bangalore. Their portfolio includes apartments, villas, and plotted developments. Assetz 18 & Oak in Sarjapura is one of their well-known projects .

For this project, Assetz has registered under RERA with the number PRM/KA/RERA/1251/472/PR/220726/008831. This registration provides buyers with legal protection and transparency.

New Launch Advantages

Buying in a new launch offers certain benefits. Early buyers often get better pricing compared to later phases. They also get more choice in terms of floor and unit selection.

This project offers 3 BHK apartments in two sizes: 1,518 and 1,788 sq.ft. The configuration suits families looking for spacious homes. With 676 units across 3 towers, the project maintains a manageable community size.

New launches in growing corridors often see price appreciation as infrastructure develops. However, returns are never guaranteed. Buyers should consider their long-term plans before investing.

Nearby Landmarks

The project's location provides access to key destinations in North Bangalore. Kempegowda International Airport is approximately 18 minutes away from the KIADB Aerospace Park area . Yelahanka Railway Junction is about 35 minutes away .

Educational institutions and hospitals are available in the broader North Bangalore region. Manyata Tech Park and other employment hubs are accessible via the ORR. The upcoming metro line will further improve connectivity to the city centre.

Please note that distances are indicative and may vary based on traffic conditions. Verify all travel times before making decisions.

Investment Potential & ROI

North Bangalore has shown strong demand for residential properties. The presence of the airport and aerospace park drives employment and housing demand. This creates potential for appreciation over time.

Property prices in Devanahalli and surrounding areas have seen growth. Some reports suggest appreciation potential of over 12% in the long term . However, past performance does not guarantee future results.

The project's price starts at ₹1.50 Crore for 3 BHK units. This positions it in the premium segment. Rental demand from airport and aerospace professionals could support yields. Buyers should evaluate their own financial situation and goals.

ROI here refers only to demand and appreciation potential. No returns are guaranteed. Real estate markets can fluctuate based on economic conditions.

Comparison With Other Projects

Assetz 18 & Oak 

Assetz 18 & Oak is a plotted development in Sarjapura, South Bangalore. This is a comparison project and not the main subject of this article.

Spread across 177 acres, it offers 246 villas in 4 and 5 BHK configurations. The project features approximately 90% open space and a 90,000 sq.ft. clubhouse. An 18-hole golf course is a key highlight of this development .

The RERA number for this project is TN/30/BUILDING/0426/2022. Possession is expected from 2029 onwards. Prices range from approximately ₹2.89 Crore to ₹8.35 Crore .

This project suits buyers looking for larger villas and a golf-centric lifestyle. It is located in South Bangalore, which is a different market from North Bangalore.

Assetz Codename Twin Lake City

Assetz Codename Twin Lake City is located on Hennur Road in North Bangalore. This is also a comparison project for reference purposes.

The project spans approximately 21 acres and offers 3 and 4 BHK apartments. Unit sizes range from 2,090 to 2,844 sq.ft. It comprises 1,220 units across 6 towers with G+21 floors .

RERA approval for this project is under process. Possession is expected from 2030 onwards. The project features approximately 86% open spaces and two scenic lakes nearby .

This project may appeal to buyers wanting larger units and a lake-facing environment. It is located closer to the city compared to Bagalur.

Comparison Table

FAQ

What is Assetz Codename Summit?

It is a proposed residential apartment project by Assetz Property Group. The project is located in KIADB Aerospace Park, Bagalur, North Bangalore. It offers 3 BHK apartments in two size options.

Where exactly is the project located?

The project is situated in Gummanahalli, Bagalur, within the KIADB Aerospace Park corridor. This is in North Bangalore, close to the international airport.

What configurations are available?

The project offers 3 BHK apartments in sizes of 1,518 and 1,788 sq.ft. There are 676 units across 3 towers with G+29 floors.

What is the price and possession timeline?

Prices start at ₹1.50 Crore onwards. Possession is expected from July 2030 onwards. Buyers should confirm current pricing with the developer.

Is the project RERA registered?

Yes, the project has RERA registration. The number is PRM/KA/RERA/1251/472/PR/220726/008831. This provides legal protection to buyers.

What amenities are planned?

A clubhouse of approximately 13,500 sq.ft. is planned. The project will have about 73% open space. Specific amenity details are not officially announced yet.

Conclusion

Assetz Codename Summit brings premium 3 BHK apartments to North Bangalore's growing Bagalur corridor. The project benefits from its location near the airport and aerospace park. With RERA registration and a reputed developer, it offers transparency and credibility.

The project is proposed and subject to applicable approvals. Buyers should verify all details with the developer before making decisions. As with any investment, consider your financial goals and risk tolerance.

North Bangalore continues to develop as a key residential destination. This project adds to the options available for homebuyers in the region. For those considering Assetz Projects in KIADB Aerospace Park, this development merits attention. Among the Assetz New Projects in Bangalore, it represents a notable addition to the city's Residential Properties in Bangalore landscape.