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Prestige Raintree Park Rent


Prestige Raintree Park Rent

Prestige Raintree Park is an expansive residential township project located opposite Varthur Lake, Whitefield Main Road, East Bangalore. This new launch project in Whitefield offers premium 3, 3.5, 4, and 5-bedroom apartments for rent on 107 acres of land with various amenities, malls, and an IT hub.

The Rent of Apartments at Prestige Raintree Park starts from 50K and goes up to 80K, including maintenance charges. The rent for 3-bedroom apartments starts at 50K, 3.5-bedroom starts from 58K, 4-bedroom starts from 64K, and 5-bedroom starts from 76K, including maintenance charges.

The Rentals in East Bangalore are very high; Varthur Road is ranked as one of the most expensive places in Bangalore for Rent because of the IT Hub. IT employees are looking for rent in Whitefield, resulting in a high number of apartments for rent. Varthur Main Road is also considered one of the best residential areas in Whitefield.

A mixed-used township, Prestige Raintree Park is one of the Prestige Group largest apartment projects. Prestige Whitefield Prelaunch Raintree Park will be available for rent only after the completion of the project, i.e., December 2028 onwards. The rent varies based on apartment size, Unit type, and number of car parking.

The maintenance charge is a separate charge to maintain the community, which is Rs.5 per sq. ft. The size of the apartments ranges from 2005 and 3700 sq. ft. with which the rent also varies based on the size.

Unit Type Size Rent Maintenance Charge Total Rent
3 BHK - 1 2020 40000 10100 50100
3 BHK - 1 2588 45000 12940 57940
4 BHK 2956 50000 14780 64780
5 BHK 3700 58000 18500 76500

Rent refers to homes bought by an investor and occupied by tenants on a lease or rental agreement.

The most sought-after property for rent on Varthur Main Road is 2 BHK apartments, with rents ranging from 25 K to 35 K. For 3 BHK apartments, rents are between 50 K and 60 K. The 4 BHK flats are available for rent in the range of 60 K to 70 K. The 1 bhk house for rent in Varthur will start from 15 K to 20 K. People prefer living in multi-story apartments here, which is why there is high demand. Independent Houses are available for rent on Varthur Road near Varthur police station and Gunjur, which is available in OLX, with a rent price of 18 to 40 K, depending on the owner of the house.

People always prefer to live in gated community apartments for rent in Whitefield, Bangalore, for safety and a luxury lifestyle. Hence, Apartments in Whitefield have been popular since 2002. People started investing in many top builders' projects in Whitefield and surrounding areas just for rental income. Most investors buy only 1 and 2 BHK and make them fully furnished flats for rental purposes as there is a high demand for these apartments in Whitefield.

Most buyers want a second home for investment, so they think about rental income. Depending on the developer, the average rent in Whitefield, Bangalore, ranges from Rs 40 K to 1 L. 3 and 4 BHK apartments are especially in demand here. The rent of a 1 BHK house in Whitefield starts from 15 K, and a 2 bhk house for rent starts from 25 K onwards. Independent houses are available for rent in Whitefield, whose rent starts from 20K to 40K without maintenance.

  • Prime location – The project is in the prime location of Whitefield near big IT hubs and has the best schools and colleges nearby, which makes it an ideal location for families. As all features are nearby, travel time will be reduced.
  • Best amenities– The project has the best amenities to offer a comfortable lifestyle, including a swimming pool, gym, kids' play park, etc.
  • Safety – The project is safe as it has safety features that include trained 24*7 security and CCTV cameras.
  • Job offers – The area is near IT hubs that include ITPL, Wipro, Brigade Tech Park, etc, which has many job openings, and this project can be preferred for rent as it will cut down travel time.
  • Good transport network– The project connects all areas with a good transport network through train, bus, and metro networks. The purple line of the metro is near the project and provides good connectivity.

There are 2 types of rental options in the project: a lease, which is a long- term option, and a rental option, which is a short-term option.

  • Rental option

The rental option refers to homes bought by investors and occupied by tenants for a short period of time.

  • Lease

A lease outlines all terms under which a tenant agrees to use a property for a long period. Prestige Raintree Park rent has apartments and villas of different sizes to rent at reasonable prices and is a good option for renting as it offers all the features for a contemporary lifestyle.

All the 3, 4, and 5 BHK flats here are over 12 high towers, and the project has lifts to carry people from one floor to another. The model apartments will be displayed at the project site after the launch. A 360- degree view of these units is on the gallery page; buyers can look at them before booking them. Prestige Raintree Park Rent is an ideal choice for those with a limited budget and for first-time investors.

The Main advantage of Prestige Raintree Park is its strategic location of the project close to Kadugodi (formerly known as Whitefield) metro station. It is just 37 km away from Kempegowda International Airport via SH 104, which takes 1 hour and 31 minutes. The project offers excellent connectivity to major areas of Bangalore city via road, metro, and other public transport. Below are the key distances from Raintree Park to different parts of the city.

  • Bangalore Central: 1 hr 3 min (19.3 km) via HAL Old Airport Rd
  • Yelahanka: 1 hr 17 min (33.8 km) via Whitefield - Hoskote Rd
  • Majestic: 1 hr 22 min (23.8 km) via HAL Old Airport Rd
  • Krishnarajapuram: 44 min (13.2 km) via NH75
  • Bangalore Railway station: 1 hr 22 min (23.4 km) via HAL Old Airport Rd
  • Electronic City: 1 hr 6 min (28.0 km) via Electronic City Flyover and 100 Feet Ring Rd/Outer Ring Rd/Srinagar - Kanyakumari Hwy
  • Bangalore Airport: 1 hr 9 min (37.2 km) via Whitefield - Hoskote Rd
  • Yeshwanthpur: 1 hr 51 min (38.8 km) via Outer Ring Rd
  • MG Road: 56 min (17.6 km) via HAL Old Airport Rd
  • Kengeri: 1 hr 37 min (49.1 km) via NH 48
  • Jayanagar: 1 hr 6 min (23.1 km) via 100 Feet Ring Rd/Outer Ring Rd
  • Cubbon Park: 1 hr 3 min (20.1 km) via HAL Old Airport Rd
  • Challaghatta: 43 min (14.2 km) via HAL Old Airport Rd

Rent Price: Rs 50,000 - 80,000

Prestige Raintree Park Project Highlights

TYPE APARTMENT
PROJECT STAGE ongoing
LOCATION WHITEFIELD, BANGALORE
BUILDER PRESTIGE GROUP
FLOOR PLANS 3, 4, & 5 BHK
TOTAL LAND AREA 107 ACRES
Starting Price Rs. 2.94 Crores* Onwards
RERA ID PR/270824/00698
LAUNCH DATE August 2024
POSSESSION DATE December 2028
PRICE 2.94 CR – 5.2 CRORE
NO. OF TOWERS 18
NO. OF PHASES 3 (PHASE 1 – 28 ACRES, PHASE 2 & 3 – 27 ACRES EACH)
FLOORS 19
UNITS 1520
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Disclaimer : The content is for information purposes only and does not constitute an offer to avail of any service. Prices mentioned are subject to change without notice and properties mentioned are subject to availability. Images for representation purposes only. This is the official website of authorized marketing partner. We may share data with RERA registered brokers/companies for further processing. We may also send updates to the mobile number/email id registered with us. All Rights Reserved.

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