Top 10 affordable localities for real estate in Bengaluru

[ecis2016.org] Bengaluru offers abundant options in terms of affordable housing. One may be sure to find several properties at an affordable price in several parts of the city. Here’s presenting the top 10 affordable localities in Bengaluru for prospective property buyers.

Electronic City real estate

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Electronic City has grown to be an attractive investment proposition. Property rates in Electronic City is as low as INR 3,132 per sq. ft. The main transportation links include Silk Board Junction and the long expressway which is one of the longest elevated National Highways in the country. Basic amenities like pharmacies, medical shops and restaurants. Hare Ram Hare Krishna mall is one of the main malls in Electronic City.

The transportation facility in the area has seen commendable improvement over the last couple of years. BMTC buses to all parts of the city and BIAL to the Bengaluru International Airport ply through Electronic City. Metro project Phase-II between R.V.Road and Bommasandra will be via Electronic City. Several residential projects have been developed by reputed builders. Proximity to several industries, companies, corporate, bank, multi-specialty clinics, departmental stores, restaurants and fast food outlets make the area more attractive.

Devarachikkanahalli real estate

Devarachikkanahalli is emerging as a prominent area for real estate market. This village connects Bannerghatta Road with Begur and is well connected by the Bangalore Metropolitan Transport Corporation. IIM is located at a close proximity to the area. Devarachikkanahalli is attracting property buyers because of its affordable property rates of INR 3,385 per sq. ft.

Akshayanagar real estate

Situated near to Bannerghatta Road and the electronic city, the area provides with the basic amenities such as hospitals and shopping malls. The prices of flats are INR 3,608 per sq. ft. The affordable flats in Akshayanagar are available in 2 and 3 BHK facilities. Some of the well-known schools in Akshayanagar include Oxford English School and Acts Secondary School. Sampath Mall is one of the leading malls in Akshayanagar. Sagar Health Seva is a renowned hospital that caters to the medical facilities to the residents of the area.

Begur real estate –

Begur is located on the outskirts of Bengaluru, is increasingly getting absorbed into the fabric of the city, with apartments and villas being built to give people their lovely, green homes. It has recently caught the attention of real estate developers. It is evolving with the times, and is becoming very popular for people in search of property in a peaceful locale. Properties for sale in Begur are preferred by people who are looking for homes at a reasonable price as the rate of property is only INR 3,648 per sq. ft.

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Located on the NH-7 highway, Begur is extremely well linked to other parts of the city. The Karmelaram Railway Station is located in the village itself and Bangalore city station is only 15 km away. Heelalige and Bellandur Railway Station are located 12 km from Begur. Moreover, residential projects by prominent developers such as DLF, SNN Group and Artha Group have pushed up the real estate value of the locality.

Gottigere real estate –

Gottigere is a residential locality set alongside NICE Road. As a result, the residents enjoy excellent connectivity. Schools in Gottigere include Ryan International School. Apollo Hospital is one of the leading hospitals in Gottigere.  Nearby shopping malls in Gottigere include Royal Meenakshi Mall. With the rate of flats being INR 3,668 per sq. ft, this area is an ideal location to reside.

Kudlu real estate –

Kundlu is one of Bengaluru’s fastest growing localities and has become a hotspot for property investors owing to its excellent location, which provides easy connectivity to the important business centres in Bengaluru. Multiple real estate developers have come up with apartment in Kudlu because of its proximity to office areas and educational institutions. There are many well-known builders in Kundla including Mantri, Prestige, K Raheja, Puravankara, Sekhar and Brigade to name a few who are developing some popular projects such as Purva Westend and DS Max Sambaram in the area. Property rates in Kudlu are only INR 3,719 per sq. ft.

Leading schools in Kudlu include Sri Chaitanya Techno School and Macaulay English School. Some of the reputed hospitals in the area include the Sri Jayadeva Institute of Cardiac Sciences and Live 100 Hospital. Popular malls in Kudlu include Market Square Mall and Forum Mall.

Basapura real estate –

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With average property prices of INR 3,724 per sq. ft, Basapura is another option that one may consider. This locality is a fast growing realty hub which is home to several reputed educational institutions like GVS English School, Sujana Convent and many others.

The establishment of Electronic City is situated at a distance of less than 5 Km and has contributed significantly to the overall growth of Basapura. The construction of Bangalore Elevated Expressway is another major factor that contributed to Basapura’s growth. This 9.9km highway was seen to be a major growth factor, drastically reducing the traffic levels, especially from Electronic City to Silk Board Junction.

Annapurneshwari Nagar real estate –

The affordable flats in Annapurneshwari Nagar are priced around INR 3,739 per sq. ft. The area benefits from proximity to the railway and metro stations. It has several educational institutions and a leading hospital called Punasru Hospital which caters to the medical needs of the residents.

Kadugodi real estate –

Lying in proximity to the IT hub of Whitefield in the north-eastern part of Bengaluru, Kadugodi comes equipped with large land parcels, good connectivity infrastructure, and reasonable property prices. With average prices standing at around INR 3,745 per sq. ft, Kadugodi is a favorite for many investors. Armed with social infrastructure such as Mount Litera Zee School, New Life Hospital, Bhagwan Sri Sai Nursing Home, Kadugodi has been transformed into one of the preferred destinations to settle down in the city. Kadugodi has also reaped the benefits of being close to the IT hubs of Whitefield and the KIADB export promotion industrial area. Namma Metro will prove to be another factor for growth in the future for Kadugodi.

Margondanahalli real estate –

The property rates in Margondanahalli are around INR 3,779 per sq. ft which is the primary reason why the area has become one of the favorite destinations for many investors.

These are the top 10 affordable housing destinations in Bengaluru that one should definitely consider on account of their future growth potential, low property prices at present, excellent connectivity and rapidly developing social infrastructure.

Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle