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-gro
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.
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.