Top 5 Localities In Bangalore For Affordable Properties

Looking for an affordable property in Bangalore, 100% it will become a very complex task that you ever had!  Affordable housing has always been the first property investment choice for the first-time home buyers. The city has undergone a lot of change in the past decade and If it’s a low budget home in Bangalore you are looking for then you should consider these below localities.

bangalore

Kengeri, Mysore Road

Kengeri, a satellite town in the city of Bangalore is a well-known locality for residential real estate. The area is located 14 kilometers from the center of the heart of Bangalore and lies on the Bangalore-Mysore Road. The city is known for its rich coconut farms which makes the locality scenic. Kengeri which is in the outskirts of Bangalore enjoys affordable housing and a peaceful climate. The strategic location and good connectivity of this location makes it one of the most sought after localities for residential investments lately. In 2015 16 several residential projects being announced, the area has became a rapid affordable housing area in the city.
Property Prices: The residential property values in Kengeri ranges from Rs 3,100 to Rs 4,600/Sq.ft

Chandapura

Chandapura a residential suburb in south of Bangalore, is approximately 6 kilometers from the Electronic city on Hosur Road(NH7). Chandapura is known for its Saturday market which is famous because of all the fresh fruits and vegetables one can get here. The real estate demand in Chandapura is demanded by the working class sector especially for the ones who work in industrial zones such as Anekal, Attibele, Hosur and Jigani. Many popular developers across Karnataka are launching projects in Chandapura. These projects range from individual houses to multi-storey complexes to suit the lifestyle of the residents. The rapid growth in the social infrastructure at Chandapur has also successfully lured many NRI investors to go for second homes..
Property Prices: The residential property values in Chandapura ranges from Rs 2,500 to Rs 4,000/Sq.ft

Devanahalli

Devanahalli the NH7 or popularly known as the NH7 or popularly known as directly faces NH 7 which connects Bangalore to Hyderabad. This is the major reason behind Devanahalli being the most preferred destination for developers. To add upon this, the presence of Bangalore International Airport in the locality and also the direct connectivity options to the city makes it the most preferred destination. Hebbal is directly connected to Devanahalli via a flyover. There is a huge demand for 2BHK units when compared to the 3BHK residential units. A 2BHK apartment with 700 to 1000 square feet floor area is available within the range of Rs. 24 lakh to Rs. 36 lakh.*

Sarjapur Road

Located close to the IT clusters around the Outer Ring Road (ORR), Whitefield, Electronic City, HSR Layout and Sarjapur Road have innumerably featured as preferred destinations for sales or as rental choices. Sarjapur Road offers both affordable and premium properties.
However, the locality is facing several issues related to water and sanitation which are a challenge for the Bangalore Municipal Authority. PropIndex notes that Sarjapur Road is one of the most affordable localities for rent. At the same time, the locality holds potential for property investors. The area has seen some of the highest rental yields in the city.
Property Prices:
Locality name
price range per sqft
Avg. price per sqft
sarjapur
₹ 1,548 – 8,072 / sqft
₹ 6,624 / sqft
sarjapur road wipro to railway crossing
₹ 3,000 – 55,079 / sqft
₹ 10,226 / sqft
sarjapur road till wipro
₹ 3,589 – 17,523 / sqft
₹ 11,420 / sqft
sarjapur road post railway crossing
₹ 1,912 – 6,289 / sqft
₹ 6,067 / sqft
volagerekallahalli
₹ 2,556 – 3,707 / sqft
₹ 3,212 / sqft
carmelaram
₹ 3,850 – 5,993 / sqft
₹ 5,673 / sqft

Electronic City

Electronic city is an information technology hub which is located south-east of Bangalore and is one of the largest IT hubs in the city with hundreds of IT/ITES, BPO and MNC’s. Electronic city is planned very well and is broadly split into 3 phases. There are over 200 companies in this locality. Apart from it being the IT hub, it is slowly turning into a real estate hub with affordable residential property. Good connectivity to important locations, solid infrastructural growth and its strategic location have helped boost the real estate market here. High frequency of public transport buses such as BMTC and BLAL buses have also helped this locality in luring investors. From plots to multi-storey complexes, the area has something for everyone.
Property Prices: The residential property values in Electronic city ranges from Rupees 2,900 to Rs 5,100 per Sq.ft
On the whole, above localities are gaining momentums in Bangalore real estate in terms of growth. Therefore, do not worry if you have a low budget. All these localities will boost up your investment interest level. Not only do these localities have a lot to offer but are expected to grow constantly and might get you great income in the future.
Source & Image: Sulekha.com,  Google.com

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