East Bangalore records demand for budget homes
In the last 10 years, the IT hub of the nation, Bangalore, has undergone a complete change transforming itself into a self-sufficient and bustling cosmopolitan center. A host of infrastructure projects and improved connectivity coupled with seamless travel have laid the foundation of budget housing options in the eastern parts of the city.
After its southern counterparts, east Bangalore has come up as a promising residential, economic and social hub. Various projects aimed to improve connectivity, mutation corridor along with hi-tech zones that makes the way for industrial and commercial growth, have contributed to the emergence of hotspots in various localities in the east quadrant of the city.
What fuelled the demand in East Bangalore
The setting up of EPIP zone, followed by ITPB stands out as one of the primary factors that catalyzed commercial and eventually residential development. Development of the ORR enhanced connectivity to peripheral locations that contributed significantly in the promotion of real estate. Influx of a number of multinational agencies in east Bangalore also fuelled the demand for residential units in the city.
Elevated expressway over Hosur road is one of the existing infrastructure in east Bangalore that has influenced the housing market in the region. It gives impetus to the residential real estate in the north-east localities of the city such as Attibele, Chandapura-Anekal and Hosur. Certain future projects such as the planned Peripheral Ring Road and Metro phase II will further give the much needed boost to the real estate market of east Bangalore.
Localities and price range
Whitefield, Brookefields, Marathahalli, Bellandur, ITPL, Varthur Road and Hennur road are some of the aspiring locations in east Banagalore that has borne witness to a number of mid-segment and budget housing options in east. Budget homes in these areas are offered within a price range Rs 3,000-Rs 5,500 per sq ft.
Budget segment projects are more seen along the Channasandra Road and Budigere road. Hoskote road, Old madras road and Gunjur have witnessed a number of affordable housing options recently.
