Builder Floor Apartment In Bangalore
The real estate market, which has evolved inordinately has designed an array of residing spaces ranging from apartments to builder floor apartments and so on. Though both of them sound similar, there are many differences in its structure and concepts. The boom in the real estate sector in Bangalore, fuelled by the growth of the IT sector, has brought new and innovative options in the residential units. Moreover, luxury lifestyle has also led to an increasing demand for high-end builder floors as the preferred choice among the upward mobile Indians. This concept of builder floors, mainly building a three or four level building and then selling to buyers is also gaining popularity in the city in both mid and luxury segments.
These builder floors are high in demand due to factors such as affordable independent house, freedom from paying hefty maintenance and other charges applicable in apartments. Moreover, existing land or house owners can have their properties developed without having to spend extra money. Interestingly, the returns that can be expected from the sale of builder floors are much higher in terms of percentages.
In Bangalore, areas that house maximum number of builder floors include Jayanagar, J.P. Nagar Whitefield, Electronic City, Sarjapur Road and Bannerghatta Road. Due to the availability of small parcels of land these areas have lots of opportunity to construct builder’s floors.
In J.P. Nagar the average rent for 1BHK builder floor is approximately Rs 9,100 per month, while the rent varies from Rs 8,500 to Rs 11,000 per month. In case of a 2BHK the rent varies from Rs 6,000 to Rs 19,000 per month while the average rent is approximately Rs 12,250 per month.
The sale price for a 2BHK builder floor in the region ranges from Rs 3130 to Rs 4740 per sq. ft. depending on the amenities and location of the properties, while the average price is approximately Rs 4130 per sq. ft. For a 3BHK builder floor the price ranges from Rs 4,100 to Rs 9,000, while the average price is approximately Rs 5,800.
The built-up area of builder floor in Bangalore is approximately 950 sq. ft. 1370 sq. ft. for a 2BHK and 3BHK respectively.
In Whitefield, builder floor of 1BHK is available with an average rent of Rs 6,800 per month, the rent ranges from Rs 6,000 to Rs 8,000 per month. For a 2BHK builder floor the rent is approximately Rs 13,900 per month, where the rent ranges from Rs 10,000 to Rs 22,000 per month. In case of a 3BHK the rental price varies from Rs 19,000 to Rs 32,000 per month and the average is approximately Rs 25,000 per month.
The sale price of a 2BHK builder floor is approximately Rs 3315 per sq. ft. while the price ranges from Rs 3,150 to Rs 6,750 per sq. ft. for a 3BHK configuration the sale price varies from Rs 3,850 to Rs 6,550, while the average sale price is approximately Rs 4150 per sq. ft.
Area of a 2BHK builder floor in this region ranges from 850 to 1290 sq. ft. while the average size available here is approximately 1150 sq. ft. For a 3BHK the size is approximately 1340 sq. ft. while the size varies from 1300 to 1680 sq. ft.
In koramangla the rent for 1BHK builder floor ranges from Rs 6000 to Rs 14,000 per month, the average rent is approximately Rs 10,000 per month. For a 2BHK the rent varies from Rs 8,000 to Rs 30,000 and the average rent is approximately Rs 25,000 per month. A 3BHK builder floor fetches an average rent of Rs 38,000 in Koramangla.
The sale price of builder floor for 2BHK varies from Rs 2,700 to Rs 4950 per sq. ft. the average price is approximately Rs 3570 per sq. ft. For a 3BHK builder floor the average sale price is approximately Rs 5,400 the sale price varies from Rs 2,750 to Rs 4,950 per sq. ft.
The area (sq. ft.) available in Koramangla for 2BHK builder floor is approximately 1180 sq. ft. the built-up area varies from 850 to 1800 sq. ft. In case of a 3BHK builder floor the average size is approximately 1117 sq. ft. the size ranges from 1110 to 1600 sq. ft.
Jayanagar is one of the most prominent market for builder floors in Bangalore. Around 11 per cent of house types in Jayanagar comprises of builder floors. The rent for a 2BHK builder floor in Jayanagar ranges from Rs 13,000 to Rs 15,000 per month. The average rent is approximately Rs 14170 per month. For a 3BHK builder floor the average rent is approximately Rs 27,500, while the rent ranges from Rs 25, 000 to Rs 30,000 per month.
The sale per sq. ft. In Jayanagar for a 2BHK builder floor range from Rs 7,150 to Rs 10,100 per sq. ft. The approximate price for sale is around Rs 7,000 per sq. ft. A 3BHK builder floor apartment in the area costs around Rs 8,000 per sq. ft. approximately. While the price ranges from Rs 7,150 to Rs 14,390 per sq. ft.
The built-up area of a 2BHK builder floor in Jayanagar ranges from 900 to 1500 Sq. ft. for a 3BHK builder floor the area varies from 1050 sq. ft. to 1700 sq. ft.
The amenities that are provided with the builder floors are car parking, play-ground, servant quarters etc. The rental yield of a 3BHK builder floor in Bangalore is around 2.5 Per cent.
