Affordable homes in Bangalore

Q: Will the demand for affordable homes remain same this year as well? Please post your valuable comments

Navneet Gupta, Bangalore

27th January 2014

Real estate News in Bangalore

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affordable housing in bangalore

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Replies (9)

The affordable housing has seen a good demand mainly in the outskirts of Bangalore because of the availability of land at a cheaper price points and the swift expansion of the city in all directions have encouraged real estate development even in the outlying areas

Karthik Deshmukh, Bangalore

18th March 2015

Comment

Yeah correct Karthik but initially Mysore Road has not seen much residential development as there are no strong economic drivers for the area. But now due to Global Tech Village and SEZ by Tanglin Development, along the Mysore Road many residential apartments at this location are coming up.

Neeraj Rao,

18th March 2015

I am looking for some new affordable projects in Bangalore? The project can be in under construction, pre launch or recently completed.

Gaurang, Bangalore

7th January 2015

Comment

Among 1 BHK projects, Rohan Iksha by Rohan Developers along Sarjapur Outer Ring Road accounted for about 480 units each of sizes 310 and 353 sq. ft. Besides, TGS Capetown by TGS Property along Begur Road accounted for about 230 units each of sizes 600 and 650 sq. ft. Among 2 BHK projects, Rays of Dawn by Provident Housing near Mysore Road accounted for about 400 units of size 883 sq. ft. each. Besides, Emmanuel Heights by Emmanuel Constructions, off Sarjapur Road accounted for about 293 units of size 1115 sq. ft. each. Among 3 BHK projects, again Rays of Dawn by Provident Housing accounted for about 400 units of size 1083 sq. ft. each.

Swati Pachasia, Bangalore

7th January 2015

While the affordable price category saw the maximum launches, other categories also had decent representations. While the Mid-range category (between Rs 50-80 lakh) witnessed about 27 per cent launches, the Luxury category (between Rs 80-150 lakh) witnessed about 22 per cent launches.

Chetan Hansraj, Bangalore

7th January 2015

The realty market in the city is driven primarily by the end-users. Hence, as expected, a majority of the residential projects launched during the last quarter were in the Affordable category (up to Rs 50 lakh).

Manjunath, Bangalore

7th January 2015

Comment

Among all the apartment projects that were launched in Bangalore in last quarter, about 57 per cent are 2 BHK units. Besides, 3 BHK units accounted for 13 per cent and 1 BHKs for six per cent of the launches during this period. 1 BHKs range in size between 300-700 sq. ft. with the price per sq. ft. ranging between Rs 1,400-3,500. 2 BHKs sized 800-1300 sq. ft. are priced between Rs 1,700-4,700 per sq. ft. while 3 BHKs of 1000-1500 sq. ft. size are priced between Rs 1,700-4,000 per sq. ft.

Ramesh Reddy, Bangalore

7th January 2015

Which are the affordable projects that have witnessed good sales in Bangalore?

Harshit, Bangalore

25th November 2014

Comment

The projects that have witnessed good sales in Bangalore include DLF Maiden Heights, VBHC, Prestige Tranquility, Brigade Omega, Provident Sunworth and Provident Welworth City.

Ramesh Reddy, Bangalore

25th November 2014

My parents are looking for an affordable housing. What is the price range of affordable housing in Bangalore?

Tamana Chopra, Bangalore

25th November 2014

The prices of affordable projects range between Rs. 2500-3000/sq.ft. At present, the city has around 30 such projects offering 16,296 units. It is said that Bangalore City will continue to see more affordable housing projects in the locations such as Hosur, Road, Doddaballapur Road, Off KR Puram Road, Kanakapura Road (after NICE Road) and Tumkur Road due to availability land at relatively cheaper prices

Ramesh Reddy, Bangalore

25th November 2014

I am planning to buy an apartment within a budget range of Rs 20 lakhs to Rs 30 lakhs but I am finding it difficult to get an apartment in Bangalore. Please help me with some localities where i can apartment that fits my budget.

Neha Patel, Bangalore

24th November 2014

Comment

Hi Neha ji, if you are looking to buying an apartment in Bengaluru within a budget of Rs 20-40 lakh, the areas which have witnessed the highest supply in this range are Mysore Road and Devanhalli.

Hemraj Jha, Bangalore

24th November 2014

Can anyone provide me some of the names of the affordable housing in Bangalore?

Navneet Gupta, Bangalore

27th January 2014

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.

Ramesh Reddy, Bangalore

27th January 2014

Thanks for providing me the names of the affordable homes. Which areas in Bangalore has seen demand for budget segment project?

Navneet Gupta, Bangalore

27th 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.

Ramesh Reddy, Bangalore

27th January 2014

Hi Navneet, For affordable housing one can look for properties in areas like Bannerghatta Road, Hoskote, ITPL, Kanakapura Road, Hongasandra, KR Puram and Hosa Road

Afzal, Bangalore

28th May 2015

Hey Afzal, Please help.. I have budget of Rs 30 lakhs, can I get an apartment in any of the localities mentioned by you

badrinath, Bangalore

28th May 2015

Yes of course you will get. Within Rs 20 lakhs budget you will get properties in areas like Devanhalli, Bagaluru, Mysore Road, Hoskote and ITPL. While Kanakapura Road, Hongasandra, KR Puram and Hosa Road are some of the localities offer maximum of properties ranging between Rs 20-40 lakh.

Afzal, Bangalore

28th May 2015

Hi Guys I need suggestion. How about investing in localities offering affordable housing? Will I get good appreciation?

Sebestiana Firdos, Bangalore

29th May 2015

You can fetch good returns if you are investing in localities like Kanakpura Road, ITPL, Mysore Road and KR Puram enjoy proximity to Outer Ring Road and NICE Road, ITPL. As these localities has emerged as the preferred location for office spaces due to adequate land bank and competitive rentals.

Areas like Bagaluru, Mysore Road, Hoskote and ITPL are yet to see full-fledged civic and social infrastructure. These areas are good for long term investment.

Rakesh, Bangalore

29th May 2015

What will keep up the wave for affordable housing in 2014?

Navneet Gupta, Bangalore

27th January 2014

Comment

The affordable housing industry, if evaluated carefully, will showcase a huge growth opportunity in both the Tier-II and Tier-III cities. This is due to the reason that the income level is low and the mid-income group is expanding and growing at a jet speed. Furthermore, the availability of land at an affordable price in such cities will be an added advantage for the developers in 2014.

Bala Subramanium, Bangalore

27th January 2014

Increase in Repo rate by the RBI is another important factor that is likely to keep up the momentum in fof affordable housing in 2014.Considered as one of the most favorable moves taken by the RBI till date, it brought down the home loan rates significantly. This, as a result has brought cheers for potential home buyers and investors of 2014. Rest assured, affordable housing will find its way to the demand list this year also.

Swati Pachasia, Bangalore

27th January 2014

As per property consultants, affordable housing, which means housing between Rs 20-Rs 40 lakh, will be a preference for more than 60% of the homebuyers in 2014. The mid-segment category that falls under the price bracket Rs 40lakh-Rs 85 lakhs, however, will be in the budget of nearly 34% of home buyers in 2014

Ramesh Reddy, Bangalore

27th January 2014

Comment

In 2013, affordable housing industry rose to the occasions and emerged as one of the most dynamic categories in the Indian housing market, and the trend is expected to continue in 2014.

Ramesh Reddy, Bangalore

27th January 2014

Comment

Growing population, the rising trend of nuclear households, increasing income levels and expeditious urbanization is expected to drive the demand for affordable houses in the country in the new year.

Swati Pachasia, Bangalore

27th January 2014