Whether one is an investor or purely an end user, Bangalore real estate is flush with options for everyone. Recent years has seen this city undergo a lot of transformation. What was once seen as of the best places to reside in India post retirement has become the foremost city in India in terms of real estate developments. Huge commercial investments have seen a massive number of jobs created for the better part of the last couple of decades.
All of this saw a large number of people call Bangalore their new home and builders and developers in Bangalore got the perfect opportunity to grab the biggest share of this booty. New homes, literally, needed to be created for all these investments/people and that laid the foundation for the real estate sector in Bangalore, and there has been no looking back since.
Overnight, areas which had previously been undeveloped and scoffed upon by some had turned into the prime real estate. Access to untouched pieces of land gave these developers in Bangalore the chance to give home buyers a variety of residential options across numerous price ranges. Whether one was looking for villas near Bangalore airport or apartments in south Bangalore, a home buyer was spoilt for choice. Location though is generally the master key to having the complete home. Let us have a look at some of the more affordable property destinations in Bangalore.
This place has earned quite the reputation for having quickly seen its popularity soar. Outer Ring Road’s loss has been Sarjapur’s gain with the spillover effect meaning that more people considered residing in Sarjapur. The government’s go-ahead for the Peripheral Ring Road is going to be a silver lining for real estate here since commuters from north to south or vice versa would be able to avoid the overcrowded Outer Ring Road. Factors like proximity to educational and healthcare facilities, housing options for various budgets, being close to the ORR with good connectivity to IT hubs like Whitefield and Electronic City all point in the direction of a win-win situation for anyone buying a house here.
This may not be the coolest kid on the block, but it sure is the biggest in terms of size. That only means one thing—massive room for expansion. It is divided into six stages with the sixth being the biggest. In the year 2015, it was amongst the top 50 investment destinations in India and has seen the annual appreciation of 10% to 15% in the past. There are quite a few flats on sale in Banashankari.
K R Puram
Krishna Raja Puram is located on the east of Bangalore at the intersection of Old Madras Road and ORR along the NH75 and was traditionally one of the biggest market areas of the city. It is very close to the railway station, and the city center and the airport are not too far either is the roads leading to IT hubs like Whitefield.
The development of the international airport in Bangalore turned out to be a blessing in disguise for this locality which is to the north of the city. Property prices here have seen a good appreciation rate in the last few years with prices going up by around 21% in the last four years or so. One of the best things about this place is that it has better weather conditions than most of the city as it is situated at a higher altitude. Luxury hotels and quality restaurants add to the list of pros for anyone looking to invest in Yelahanka. This place is touted as one of the better long-term investment prospects.
This segment is known for the mid-level housing that it offers. There are many apartments in this south Bangalore locality which has good proximity to Begur Road and Electronic City. Previously, property prices here have gone up by 10%.
Anyone looking to invest in these above-mentioned neighborhoods can assure themselves of the fact that it will bear fruit. It makes sense to invest wisely since the property is generally the biggest investment of one’s lifetime and needs to be foolproof at the first attempt.
Photo by Masaru Kamikura