Budget homes in Bangalore

Q: Is there any demand for budget homes in Bangalore?

Govinda,

6th November 2013

Real estate News in Bangalore

budget homes in bangalore

mid-segment homes in bangalore

value homes in bangalore

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Replies (10)

I heard that Bannerghatta Road and Begur Road are witnessing a lot of residential development due to good connectivity. Even Dommasandra and Doddakanelli are also performing well in residential sector.

Sagar Prasad, Bangalore

27th September 2016

Comment

Can I get a budget home in South Bangalore? Any chances, if yes, which are the localities?

Ananya,

27th September 2016

Comment

According to research by Knight Frank India, key residential locations in the south are Koramangala, Sarjapur Road, Jayanagar, J P Nagar, HSR Layout, Kanakapura Road and Bannerghatta Road where you can find affordable properties.

Sagar Prasad, Bangalore

27th September 2016

Another report by LJ Hooker India says that there was a upliftment in the launches of affordable housing sector. Areas like Attibele and Anekal witnessed affordable housing launches. which is actually good.

Jignesh Kumar, Bangalore

27th September 2016

What should be the budget to owe a property in South Bangalore?

Ananya,

27th September 2016

According to L J Hooker India reveal that in the budget segment, a one-bed room comes for a minimum of Rs 17 lakhs, two-bedroom Rs 28 lakhs, three-bedroom Rs 39 lakhs and four-bedroom Rs 47 lakhs approx.

Jignesh Kumar, Bangalore

27th September 2016

I feel upcoming 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. :) :)

Nagesh, Bangalore

12th January 2014

Comment

What fueled the demand in East Bangalore?

Govinda,

12th January 2014

Comment

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 fueled the demand for residential units in the city.

Ravindra Singh,

12th January 2014

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.

Rajiv,

12th January 2014

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.

Arunabha Gupta, Bangalore

12th January 2014

Comment

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.

Kanthi Sridhar, Bangalore

12th January 2014

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.

Nagesh, Bangalore

12th January 2014

Which are the areas preferred residential destinations for IT professionals?

Sujan Mitra,

15th November 2013

Comment

According to market survey, areas such as CV Raman Nagar, Old Madras Road, Whitefield, KR Puram, Mahadevapura, Kadugodi, Brookfield, Old Airport Road and Hoodi Circle ranks top in the list of preferred residential destinations for IT professionals. The above mentioned areas witnessed the launch of several projects in 2007, in the price bracket Rs 2200- Rs 3000 per sq ft, which have a resale value of Rs 4700-Rs 5800 per sq ft at present. Affordable projects built in the past have witnessed a good degree of appreciation in the present.

Abhilasha, Bangalore

15th November 2013

Whitefield, Brookefields, Marathahalli, Bellandur, ITPL, Varthur Road and Hennur road are some of the aspiring locations in east Bangalore 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.

Kanthi Sridhar, Bangalore

12th January 2014

I am also looking for affordable housing in Bangalore. Please let me know some names of the affordable housing. Thanks in advance.

Govinda,

7th November 2013

Comment

VBHC Attibele and patel New Town in the South Bangalore, Provident Welworth and Sovereign lakefront in North Bangalore. Provident Sunworth and VBHC Kengeri in West bangalore are some of the affordable housing projects in Bangalore. East Bangalore has seen less demand for affordable housing when compared to Bangalore's other micro markets

Ramesh Reddy, Bangalore

7th November 2013

Which are the areas in Bangalore offering properties within the affordable range?

Govinda,

7th November 2013

Comment

The areas offering properties within the affordable range, Bannerghatta Road, Kanakapura Road, Mysore Road and the areas adjacent to NICE road corridor worth a special mention. Properties under the price bracket Rs 20 Lakh- Rs 40 lakh have been made available on the outskirts of afore-mentioned areas and have been experiencing high demand from the second quarter of 2013. Furthermore, market data confirms that budget properties ranging between Rs 40 Lakh- Rs 60 Lakh and 1Crore have also witnessed highest supply in the 2Q2013.

Abhilasha, Bangalore

7th November 2013

Improved social and physical infrastructure is what fuelling the demand for affordable housing in the east. In addition to the developments, the planned metro line joining MG Road with Byappanahalli and the planned Chennai-Bangalore expressway are opening up different locations in East Bangalore and firing up the development of affordable housing options.

Old Airport Road and Old Madras Road, the two major road in East Bangalore define connectivity in the region and connect it to different parts of the city. KR Puram, Hoskote and Whitefield have the maximum demand in comparison to other localities in East Bangalore. At present, a 2 bedroom apartment in Hoskote would range between Rs 25- Rs 40 Lakh, while in KR Puram it would range between Rs 35 lakh- Rs 45 lakh.

Abhilasha, Bangalore

15th November 2013

In the last few years, Bangalore’s real estate market have come of age, significantly. Ranging from affordable to luxury segment, the market has developed a much broader base, fuelling a steady demand for various segments. However, experts are of the notion that the demand for mid-segment or value homes(mainly 1, 2 or 3 BHK apartments) in Bangalore is much big in comparison to its supply aspect.

According to Bangalore Realtors Association India, the mid-segment market in the city has a lot of potential and is laced with high absorption rate. Property consultants further confirm that the city has been experiencing a huge pent up demand for affordable and value homes. Such demand is mainly triggered by blue-collared employees in the service and manufacturing sector.

Kanthi Sridhar, Bangalore

7th November 2013

Comment

Value homes or mid-segment homes, seems to be the flavor for every season for property developers. With the rise in demand for budget homes in Bangalore, fuelled by increased prices, fall in affordability and limited supply level, the residential property market in city is all ready to curve a new path. Unlike earlier, demand for budget homes(mid-segment housing), ranging between Rs 20 Lakh-Rs 60 Lakh has encountered an unparalleled growth that is making highlights everywhere.

Sudden surge in labour and input cost have provided the home buyers with the right dias to enter the market. According to market reports, prices for residential apartments in the city have been crawling up by 5-6% every quarter, across the different micro-markets.

Abhilasha, Bangalore

7th November 2013

Comment

The recent launch of mid-segment houses, covering an area of 1.6 million sq ft clearly testifies the fact that the market is becoming vibrant with the passing time. Sources confirm that properties near Bannerghatta Road, Mysore road, Kanakpura Road or areas adjacent to the NICE Road Corridor are offering residential units within Rs 20 lakh-Rs40 lakh.

Bhargav Dev, Bangalore

7th November 2013

The concept of affordable housing has gained its momentum in Bangalore city mainly because of few graded developers like Golden Gate Properties, Ozone Group, Purvankara, Brigade Group, Shriram Properties and Nitesh Estate who are concentrating theri projects for customer segment. The housing units are made affordable by reducing the unit sizes, compromising on civic amenities and other USPs.

Ramesh Reddy, Bangalore

7th November 2013

The demand for budget homes is increasing in east Bangalore mainly. In the last few years, the eastern counterpart of Bangalore has transformed itself into a bustling cosmopolitan region with all the self-sufficient means.

Ravindra Singh,

15th November 2013

Hey Ravindra, What is the reason that East Bangalore is witnessing good demand for budget homes?

Govinda,

15th November 2013

Previous records state that east Bangalore was home to a number of manufacturing units which has played a special role in the growth of the region. The establishment of EPIP Zone along with ITPB, set off the residential and subsequent commercial growth in the region. Proximity to ORR, together with availability of huge graded office space lured a number of IT/ITes entities in the eastern region. This, eventually, fuelled the need for residential real estate growth in the region.

Ravindra Singh,

15th November 2013