If a real estate investor had been looking for Bangalore cheap properties a few years ago, he would have been grossly disappointed. However, the scenario is different today – as a real estate industry in the Garden City leans towards affordability, reasonably priced properties are becoming a reality. The idea of cheap properties gained traction when developers realized that the real estate is majorly driven by the middle–class who cannot afford central and posh locations such as Malleshwaram, MG Road, Indira Nagar and Brigade Road. Hence real estate in “Greater Bangalore” – peripheral areas and suburbs – took shape. Today, there is a rising demand for affordable yet spacious homes with premium facilities in areas such as Yelahanka, Jalahalli, Devanhalli and Hoskote in North Bangalore and Sarjapur, Attibele, Anekal, and Bidadi in south Bangalore.
Bangalore cheap properties in the above mentioned areas have capital values in the range of INR 2,900–4,500/sq. feet for flats
and in the range of INR 5,000–12,000/sq. feet for independent houses and bungalows. However, low-property values do not mean that the builders are scrimping on any benefits. Quick purchase policies, flexible payment schedules and easy buying process are just some of the benefits – today developers are building well-planned gated communities with numerous amenities such as swimming pools, clubhouse facilities, gyms and fitness centres, landscaped spaces and jogging tracks. A simple phone call to a sales executive will land home buyers their dream homes within their budget, suitable to their family, and according to their style and sensibilities. Shriram Suhaana (Yelahanka), Sameeksha (Jalahalli), and Chirping Woods and Smrithi (Sarjapur Road) are some of the projects which are offering spacious, luxurious and affordable homes within an amenities–filled gated community.
These areas have rapidly improving and bettering infrastructure as well. Ever since IT, manufacturing, jewellery, textile, automobile and other ancillary companies began to set up shop and do well, infrastructure began to improve in the region. The development of the NICE-ORR road in the south and the Bangalore-Hyderabad Highway in the north have bettered the connectivity in the regions. Proximity to the workplaces and Kempegowda International Airport and the development of more metro stations and lines connecting the suburban areas have given real estate further impetus. Better returns on investment have only strengthened the demand for affordable housing in these areas.
When it comes to Bangalore cheap properties, the major savings in monies for developers has been the low cost of acquisition. Hence, they have been able to build better and more spacious properties and communities than one would find within the city. Although there are pockets within the city where cheap housing might be available, home buyers will be deprived of the choices of housing that are available in areas such as Yelahanka and Sarjapur. Hence, if you wish to invest in cheaper properties in Bangalore, head to the peripheral areas where an increasing number of Bangaloreans are enjoying the perks and the privileges of the city’s affordable housing boom.
Shriram Sameeksha – Affordable homes for all budgets
Shriram Signiaa – A dream house that you cannot miss
Shriram Smrithi – A wise investment that appreciates every year
Chirping Woods – A idyllic bird haven amidst lovely woods
Shriram Suhaana - Luxury villas and apartments for sale
Shriram Summitt – Make the right move now and book your space