Prime Property Opportunity

for Co-Living/Assisted Living

VERNA DEVELOPERS
Unit 1102, 11th Floor, Barton Center, Mahatma Gandhi Rd, Bengaluru, Karnataka
560001

9353128035, 9916310226 - WWW.VERNADEVELOPERS.COM

Property Overview
• Location: Hulimavu, Bangalore
• Google Location - https://shorturl.at/eLUY0
• Property Type: Industrial Conversion
• Total Area: 19,700 sqft
• Zoning: Industrial (Converted) – Can be used for commercial
purpose such as coliving and assisted living spaces
• Surroundings: Residential Area, Proximity to Arekere Lake
• Road Width in front of Property – 43ft
• Property Entrance – 42 ft and corner property with 18feet passage
to the side

Co Living / Assisted Living 2

Property Highlights
The property's unique features and advantages for co-living/assisted living purposes.
1. Zoning and Land Use: The property is currently zoned for industrial use, allowing non-polluting industries like
hostels, co-living, and hotels.
2. Nearby Amenities: Surrounded by attractions like Arekere Lake, Meenakshi Mall, Vega City Mall, Bangalore
Central, and numerous parks, enhancing its appeal.
3. Infrastructure Development: Upcoming metro station just 600 meters away and multiple residential projects
nearby contribute to long-term value.
4. Utilities and Services: Reliable water, electricity, and internet services ensure seamless operations for assisted
living facilities.
5. Safety Measures: Located in a fully residential and secure locality, providing a safe environment for assisted living.
6. Market Presence: Presence of multiple assisted co-living spaces in the vicinity indicates a recognized demand for
such facilities.

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 ADVANTAGES FOR CO-LIVING/ASSISTED LIVING:
• Wide 42 feet approach and situated on a 43 feet road streamline plan approval.
• Proximity to the city, metro station, and main road for convenient accessibility.
• The unique L-shaped property allows for creative and functional building structures.
• Benefiting from a Floor Space Index (FSI) of 2.25 for optimal space utilization.
• Total Buildable Area of 44,325 square feet
• 30 units of 500 sqft of studio flats
• 60 units of 250 sqft of one room with toilet and bath
• 8500 sqft of common area and lift
• 5000 sqft for kitchen and common living area

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Current status & Potential usage
Current Industrial Conversion Status – can be utilised for industrial/ commercial purpose
Current Status
No Existing Structures on the Property, previous used for packaging industry and currently plain land

Assisted living apartments are typically designed for single occupancy and are usually
Potential Usage between 250–650 square feet. They typically include a bedroom, bathroom, living area, and
kitchenette

250 sqft layout plan 500 sqft layout plan

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Nearby Amenities
Hospitals, Clinics, and Healthcare Facilities in the proximity of 3 kms from the property
• Apollo Hospital Bannerghatta Road
• Fortis Hospital Bannerghatta Road
• Aditi Nursing Home
• Goldage Hospital
• Rajashri Grandhim Hospital
• Vinayaka Hospital
• Sri Sairam Hospital
• Trust Multi Speciality Hospital
• Shreya Medical Center Hospital
• Nano Hospital
• Medax Hospital Gottigere
• Noble Multi Speciality Hospital
• Manipal Clinics Begur
• Sahasra Multispeciality Hospital

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 Market Trends
Key Factors Contributing to Demand:

• Urbanization and Population Growth: Bangalore's rapid urbanization attracts a diverse population, spurring demand
for varied housing solutions.
• Working Professionals: The city's status as an IT hub draws a constant influx of professionals seeking flexible and
community-oriented living.
• Aging Population: A growing senior demographic contributes to increased demand for assisted living options.
• Lifestyle Preferences: Changing lifestyles, especially among millennials, fuel the popularity of hassle-free, shared
living spaces.
• Healthcare Services: Proximity to quality healthcare facilities influences the demand for assisted living.
• Infrastructure Development: Well-developed infrastructure and connectivity enhance the appeal of areas for co-living
and assisted living.

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Summary
Unlock unparalleled potential with our industrial-
converted property in Hulimavu, Bangalore, primed
for co-living and assisted living ventures. Zoned for
non-polluting industries, this 42-feet approach
property on a 43-feet road boasts an FSI of 2.25,
ensuring optimal utilization.

Strategically located near Arekere Lake, Meenakshi

Mall, and upcoming metro station (600 meters), it
aligns with urban lifestyle demands. With reliable
utilities, safety in a fully residential locality, and
proximity to multiple co-living spaces, this property is
a promising investment for visionary ventures. Seize
the opportunity to shape the future of assisted living
in Bangalore!

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Meet our Team

GURUNATH D VERNEKAR TEJAS G VERNEKAR AJAY G VERNEKAR

Founder - Market Analyst Co-Founder - Legal Finance & Marketing Head

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 thank you
Verna Developers
vernadevelopers1@gmail.com.com
www.vernadevelopers.com