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Project Spotlight Bangalore

Top Localities in Bangalore

Whitefield

 

Current Price Rs 5210
per sq. ft.

Electronic City Phase I

 

Current Price Rs 4700
per sq. ft.

Varthur

 

Current Price Rs 4376
per sq. ft.

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Bangalore Property Latest Discussions

Mar 01, 2015

Need help /Suggestion on prestige constructions

Comments : 3

Feb 28, 2015

Is it worth investing money in dasanpura hobli 5km from agarwal hotel @ 550rs/sq feeet

Comments : 2

Feb 27, 2015

REGISTARTION

Comments : 3

Feb 26, 2015

any customers group for ahad euphoria

Comments : 2

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Recent Properties Posted in Bangalore

Bangalore Overview

  • Bangalore lies in the southeast of the South Indian state of Karnataka. After Mumbai and Delhi, Bangalore is India's third most populated city with fastest growth rate in India. Bangalore can be classified into five zones-North, East, West, South and Central.
  • Bangalore, capital city of Karnataka got its name from Kannada word "benda kaalu ooru" which means "boiled beans." The story behind the name was once the king Veera Ballala of the Vijayanagara kingdom lost his way when returning from hunting and stopped at a lonely cottage. The old woman, who stayed in the cottage, offered boiled beans. King loved the hospitality of old women and grateful to her, King named the city "bende kaalu ooru" which later known Bengaluru and then to Bangalore.
  • The city got many nicknames for its outstanding lifestyles such as “garden city” for well-planned open spaces and “pensioner's paradise” for good climate. Bangalore was titled “Silicon Valley” after the IT/ITeS industries mushroomed.
  • Bangalore is one of the most sought after city with the rapid growth of Industrial sector and Service Sectors in India. It is one of the prime real estate destinations and demand is driven by the end user. The five pillars of Bangalor's economy are Information Technology (IT), Biotechnology, Telecom, small and medium scale industrial parks such as Peenya and Jigani, large establishments by public sector companies such as Hindustan Aeronautics Limited (HAL), National Aerospace Laboratories (NAL), Bharat Heavy Electricals Limited (BHEL), Bharat Electronics Limited, Bharat Earth Movers Limited (BEML) and Hindustan Machine Tools (HMT). Bangalore is India's fourth largest fast moving consumer goods (FMCG) market.

Demographics:

  • The city represents the true cosmopolitan outlook with migration from all over the country that has been driving growth of population as the city witnessed highest growth of population compared to all other metro cities in India.
  • When compared with Bangalore's population 2001, in 2011, the city's population growth is 47.18%, growth of about 30 lakh. Density of Bangalore district for 2011 is 4,381 people per sq. km which was at 2,985 people per sq. km. in previous decade.
  • New job opportunities and cosmopolitan culture of the city leads to growth of population. Bangalore witnessed migration of 2.09 million people in 2001.

Information Technology

  • After US cities like San Francisco, Boston and British capital London, Bangalore stands as 4th largest technology cluster. IT/ITeS sector generates more than two third jobs In Bangalore with presence of leading IT companies of the world, including Infosys, Wipro, Tata Consultancy Services, Oracle, Dell, IBM, Microsoft, Accenture, Cognizant, etc.
  • Electronics City and Whitefield are two main cluster for Bangalore's IT industry. Besides, the city has 27 Special Economic Zones. Due to these clusters, the pressure on Central Business District (CBD) like MG Road is reduced. The emergence of outer ring road has taken office space market to another level. The outer ring road stretch from Marathalli to Silk Board accounts for more than a 70% of grade-A office supply.

Connectivity

  • The city connects other parts of Karnataka and neighboring states via important roads like NH-4, NH-7 & NH-209.
  • Bangalore International Airport, 4th busiest airport in the country, is situated in Devanahalli.
  • South Western Railways, one of the 17 railway zones in India, covers most of the railway lines in the state of Karnataka. Bangalore City Railway station (station code SBC) and Yeswantpur Junction (station code YPR) are two important stations for long distance and local trains.
  • Bangalore has a large city bus service and KSRTC (Karnataka State Road Transport Corporation) operates numerous intercity city bus services. Private buses are also available to other parts of Karnataka and neighboring states.
  • Namma Metro, rapid transit system, part of East west corridor Phase 1, Reach 1 began its journey on October 20, 2011 between Byappanahalli and Mahatma Gandhi Road.

Bangalore civic administration

  • Bruhat Bengaluru Mahanagara Palike (BBMP) manages the civic administration of the city. BBMP Bangalore formed in the year 2007 by merging 100 wards of the erstwhile Bangalore Mahanagara Palike (BMP), with seven neighboring City Municipal Councils, one Town Municipal Council and 110 villages around Bangalore.
  • Bangalore Development Authority (BDA) is designated as the Planning Authority under the Karnataka Town and Country Planning Act, 1961 and came into existence in 1976 as a successor to the erstwhile City Improvement Trust Board.
  • Bangalore Metropolitan Region Development Authority (BMRDA), an autonomous body created by the Government of Karnataka under the BMRDA Act 1985, is responsible for the development of the city. Bangalore Metropolitan region is one of the largest in India measuring more than 8000 sq.km. It's an assemblage of Hoskote, Anekal, Kanakpura, BMICPA, Magadi, Nelamangala and BIAAPA.

Infra projects:

Name of the project

Impact areas

Expected Completion Date

Remarks

Hosur Road Elevated Expressway

connecting the Central Silk Board junction and Electronic City

Completed

Reduced travel time from approximately one hour to about 20 minutes

Hebbal Elevated Expressway

Hebbal, Bellary road, Yelhanka, BIA

Beyond 2014

Six lane Elevated Expressway proposed from Hebbal to Yelhanka. 18 Lane highway planned for entire stretch from Hebbal to BIA

Metro Phase I

Connects areas in North, South, West and East

Completion of phase-I is expected in 2014-15

Phase 1 East-West corridor (Nagasandra-Puttenahalli) is named Purple Line and North-South corridor (Baiyappanahalli-Mysore Rd) is named Green Line

Metro Phase II

Connects RV Road to Bommasandra

Expected completion of phase-II by 2018

Phase- II connects green line and red line with Bommasandra

Mono Rail Project Hebbal to J P Nagar & Peripheral Ring Road to Toll Gate along Magadi Road

JP Nagar, Hebbal, Peripheral Ring Road (bannerghatta), Magadi Road

Proposed

NA

NICE corridor

Hosur Road, Sarjapur Road, KR Puram, Old Madras Road, Doddaballapur Road, Bellary Road,Tumkur

Post 2016

Partial completed-connects Electronic City-Gottigere-Kengeri-Magadi Rd-Tumkur Rd) & expect to complete rest by Post 2016

Peripheral Ring Road

A 116 km long road on the periphery of growing Bangalore city

Phase-I connecting Hosur Road and Tumkur Road has been approved by cabinet. Land acquisition has been commenced.

Phase-II is likely to get scraped and Phase –I will be merged with NICE corridor to complete the ring of peripheral road.

Signal-free corridor

Silk Board, Brigade road, Mehkri Circle, Old Airport Road, Old Madras Road, Kundalahalli and Whitefield, Channasandra, ORR

Beyond 2016

Silk Board to Vellara Junction, ORR-Mysore Road Junction to Central Silk Board Junction

Bangalore-Mysore Infrastructure Corridor (BMIC) Express Way

NICE Road, Hosur Road, Kanakapura Road,

On Hold (Land acquisition)

Bangalore–Mysore Infrastructure Corridor (BMIC) connects Bangalore-Mysore, SH17, NH 7 (Bangalore-Hosur)and NH 4 (Bangalore-Pune)

High Speed Rail Link (HSRL)

Cubbon road, Hebbal, Yelahanka, Airport

Beyond 2016

NA

Road Widening Project Six important roads (Including Hebbal to Airport)

Bannerghatta Road, Hosur Road, ORR, Silk Board, Jayadeva, Mekhri Circle, KR Puram, Mahadevpura, Hebbal, Yelahanka, Bangalore Airport

Proposed

Notified for widening in the Revised Master Plan 2015

Residential real estate market in Bangalore

  • Bangalore is an enduser driven market. In First quarter of 2013, when demand for office space declined, demand for the housing space increased by 33 per cent.
  • Real estate market in Bangalore had been dominated by individual houses for a longtime. It is the last decade that saw a significant shift of preference towards apartments and flats in bangalore. Since Bangalore is a hub for migrants, the rental housing market is the biggest among Indian metropolises.

Key localities in Bangalore

Locality

per sq.ft price in Q3 2013 (Rs.)

Rent per month for a 2 BHK apartment (approx.)

(figures in 1000 rupees)

Hebbal

5658

16

18

Whitefield

4657

22

25

Indiranagar

8467

25

28

Koramangala

8621

22

26

BTM Layout

5215

16

19

Bannerghatta Road

4516

16

17

Electronic city

4440

12

15

Hennur Road

3790

14

16

Hosur Road

4342

16

19

J P Nagar

4511

17

19

Marathalli

4051

20

23

Sarjapur Road

4511

24

26

Yelahanka

4202

14

17

Charges by Government Body

  • Property Registration
    • Stamp Duty: 5 percent (ready reckoner)
    • Registration Charge: Up to Rs 30,000 or 1 percent of property rate
    • VAT: 7 percent (on agreement value)
    • Service Tax: 3 percent (on agreement value only for under construction properties)

Bangalore Electricity Supply Company Ltd. (BESCOM website)

  • BESCOM is responsible for power distribution in the city of Bangalore and it has three operating zones – Bangalore Metropolitan Area Zone, Bangalore Rural Area Zone and Chitradurga Zone.

Bangalore electricity rate urban areas:

  • Rs 2.50 per unit up to 30 units
  • Rs 3.70 per unit for 31 to 100 Units
  • Rs 4.85 per unit for 101 to 200 Units
  • Rs 5.85 per unit for 200 Units and above

BWSSB Bangalore

  • Bangalore Water Supply & Sewerage Board (BWSSB) is responsible for water supply, sewerage system and sewerage disposal in the Bangalore Metropolitan.

Bangalore water charges:

Consumption

Domestic

Non- Domestic

0-25,000 Lts

15/-Flat

20% of Bill

25001 -50000 Lts

15% of Bill

20% of Bill

50001 Lts & Above

20% of Bill

20% of Bill

BBMP Property Tax:

  • The Bruhat Bengaluru Mahanagara Palike (BBMP) Revenue Department is responsible for assessment of properties for property tax & collection of property tax in Bruhat Bangalore Mahanagara Palike.
  • Payment of property tax is according to Form IV (when there is no change in the details) and Form V (when there have been changes in details).

Bangalore One

  • Bangalore One or B1 Project is a 'One-Stop-Shop' facility implemented by the Government of Karnataka (GoK). Bangalore One enables citizen to pay their Electricity bill, Property Tax, Viewing and Payment of Water bill, BSNL landline and mobile bills like Idea, Airtel. It also enables to book a Train Ticket, flight ticket, paying the Traffic Fines and many other services.

Bangalore Real Estate Growth

*Impact of IT software and services industry. *Entry of high profiled builders to real estate in Bangalore city. *Launch of metro services in the city. *High-end malls, multiplexes, shopping centers, educational institutions are major highlights paving way for real estate growth in Bangalore.