Bangalore’s real estate has one of the highest prospects and the analysts say that Bangalore real estate is only second to Mumbai in terms of absorption and supply. With that being told and the city being preferred because of its climate, infrastructure, job creation, human capital, education, and all other aspects, it’s one of the favorite destinations of the young generation. Even in the lull period, Bangalore real estate market was quite stable with the growth rate quite favourable. Bangalore is one of the front-runners in the southern part of the country with the demand for housing more than Chennai and Hyderabad during the first quarter of 2018 according to the survey reports. The research reports convey that most of the demand for housing comes from the IT-ITeS sector and the start-ups. The sales of flats and homes in Bangalore were at 11500 units during the January-March 2018 in comparison to the figures of Hyderabad at 3,800 units and Chennai at 2300 units in the same period. In supply as well, Bangalore is at the top with 6,800 new launches of flats for sale as against 2600 units in Hyderabad and 2100 units in Chennai. Let’s look at the areas that are currently under rapid expansion and understand the Bangalore real estate market more closely.
Peenya is primarily an industrial area richly interspersed with manufacturing units, warehouses, godowns, and offices. This is inviting many of the professionals to opt for homes and flats in Peenya and the adjoining areas which is converting Peenya into a residential area too. With the introduction of the Green Line Namma Metro, the area is blessed with superb connectivity reducing the commute time of the employees. The area is also strategically located between Tumkur road and Bangalore-Neelamangala Expressway which links to the major parts of the city.
Jakkur lies in the corridor of high growth between Hebbal and the international airport. According to the reports, Jakkur has the most of the inventory of affordable homes and the area is well connected too. The place is well connected through railways, roadways, and apart from the airport road, it is connected with Bellary road which is connected to National Highway-7. Owing to its location and IT offices and parks nearby, many IT professionals are seen to have chosen the area for their residence and the place is of high demand too calling for considerable investment in real estate in the area.
Jalahalli offers you ample greenery due to the proximity of Jarkabandi state forest and is one among the rapidly growing areas of Bangalore with high investment in real estate. Owing to the demand of the area the state government has also marked it as “Special Investment Area”. Of late Jallahalli has been the preferred destination of many developers and residents with numerous housing complexes being built. The area is also blessed with superb connectivity as it connects to the National Highway 4, Koramangala, Whitefield, and other parts of the city with easy transportation facility. Flats in Jalahalli
MS Palya is an area in North Bangalore well interspersed with small-scale industries but has a notable presence of many schools, colleges, hospitals, malls and has adequate water supply and promises a great lifestyle too. The area is witnessing good amount of investment in real estate both in the affordable as well as the luxury segment homes. That is the reason the area is attracting a lot of residents and developers and the demand for housing in the area has multiplied during recent times.
Abbigere is surrounded by areas like Malleshwaram, Gukula, Mathekiri, RMV Extension, and New BEL Road. Apart from the proximity to these well-known places and the Central Business Districts of the city, the area is near the business parks like Manyata Tech Park and other large organizations like Bharat Electronics Limited (BEL), HMT, CMTI, among others. This makes it a highly sought after location for the IT and ITeS professionals as the area is well connected too with Hassaraghatta railway station nearby. This is an area in North Bangalore where lots of real estate activity is happening with considerable number of flats for sale in Abbigere being sold in no time encouraging developers to build larger projects.
K R Puram
K R Puram has a superb connectivity with railway stations and roadways and it is well connected with the central business districts of the city. The area is well knit with educational institutions, malls, supermarkets, offices and IT hubs in the vicinity. Whitefield is also near the area making it a choice for many working at Whitefield. This is precisely the reason why the area is being increasingly preferred by the middle class for residence with many developers offering diverse options and flats for sale in K R Puram. Well laid layouts, residential complexes, and areas have sprung up in the area shooting the demand for housing in the area. The area has more than 200 ready-to-occupy projects built by different category of developers and builders comprising of world-class amenities and offered at affordable prices too.
Dotted with numerous IT Parks, offices, and large multinationals the area is well sought after by residents and developers. Several housing projects have come up in the area and many are under construction too and the area offers quite attractive prices with housing complexes with world-class amenities and luxuries too. 2BHK and 3BHK Flats in Sarjapur
Hoodi is one of the sought after areas by those desirous of building a home in Bangalore which is interspersed by several large multinational companies, corporate houses, and business parks. The place is well connected to Marathahalli, another sought after area and the central business districts of the city. Another advantage of the location is the recently built railway station at Hoodi which is facilitating thousands of commuters to go for work also. The area being near Whitefield also attracts the working population of Whitefield to the area. Thus people looking for flats for sale in Whitefield are increasingly choosing Hoodi as it is near the central business districts of the city. A lot of famous and midsized developers have their projects in the area with several residential catchments springing up in the region.
Arekere in South Bangalore, situated off Bannerghatta road is well-connected to the ITPL ring road which attracts several IT and ITeS workforce of the ITPL and other professionals working in numerous offices at Bannerghatta Road. Needless to say, as it is situated on the Bannerghatta Road, it is well interspersed with shopping malls, supermarkets, educational institutions. The Metro railway being proposed and constructed on the Bannerghatta road, the demand of the area from people looking for homes and apartments in South Bangalore has multiplied.
This area has been constantly developing for quite some time with large offices, multinationals, BPOs, hospitals, and malls in the vicinity. The construction of Namma Metro in the area has surged the demand of the places near to Bannerghatta road. The area is quite close to places like Koramangala, Jayanagar and is quite near to the central business districts of the city too. Flats in Bannerghatta Road
Electronic City is one of the oldest IT Parks of the city and it is the workplace of lakhs of IT and ITeS workers spread into three zones namely Phase I, II and III. Apart from that, Narayana Health City is very near it which adds an edge to the place. All these factors taken together the place is perennially in demand. Needless to say, owing to the high purchasing power of the residents and workers of the area the place is well knitted with rich social infrastructure with wide roads facilitating communication facilities. There are numerous residential catchments and housing complexes in the area that offers the home buyers all kinds of homes from affordable to a very luxurious segment. No doubt, a Property in Electronic City would always reap high returns on investment and there are options for all kinds of properties in the area for all economic classes of the society. Flats for Sale in Electronic City