As the Namma Metro chugs into south Bangalore, apartments at Bangalore south for sale are heating up in popularity. When it comes to choice for residential locations in Bangalore, south, specifically south–east Bangalore, is definitively garnering all the attention with 23% supply and 48% of stock.
South Bangalore was limited to the likes of posh areas such as Koramangala and JP Nagar till a few years earlier. Today, South Bangalore isn’t just Koramangala and JP Nagar, but also goes beyond to include areas of Greater Bangalore such as HSR Layout, Sarjapur Road, Electronics City, Anekal, and Bannerghatta Road, among others. The development of apartments at Bangalore south for sale, as well as their demand, began to increase when Electronics City was established in the early 2000s. Since then, south Bangalore has seen a massive infrastructural transformation. Flyovers, bridges and roads including the NICE ORR, the Sarjapur Main Road, the Electronics City–Madiwala flyover, and the extension of the Hosur Road improved connectivity. Employment opportunities increased which triggered an increase in real estate demand.
Reputed schools and colleges, banks, swanky shopping malls, entertainment hubs, restaurants and pubs came in the all the different regions, making each one self–sufficient and upping the ante on south Bangalore real estate. Today, all areas of South Bangalore are either commercial or residential hubs or both. The advent of the metro in the region with the proposed red and yellow lines is all set to skyrocket prices in the region due to improved connectivity.
It is due to these reasons that apartments at Bangalore south for sale have been popular right from the very beginning and have seen a steady rise in prices. For instance, prices for apartments in the different areas of south Bangalore back in 2008–09 were in the range of INR 2,000–3600/sq. feet, the highest being in HSR layout due to its proximity to the city. Between 2009 and 2012, the prices for multi–storey apartments in these areas ranged from INR 2,500–5,000/sq. feet as the area underwent a transformation in terms of living spaces and infrastructure. Currently, prices for apartments in various areas of Bangalore south are INR 5,000/sq. feet (Bannerghatta Road), INR 4,000/sq. feet (Electronics City), INR 3,600/sq. feet (Gottigere), INR 4,600/sq. feet (HSR Layout) and INR 4,400/sq. feet (Sarjapur Road). It looks like south Bangalore has heated up in the last few years, especially looking at a massive price appreciation the place has seen.
However, one of the biggest reasons to settle in south Bangalore is the cosmopolitan vibe of the region. For all those people who just cannot stay away from the thriving culture and the very essence of Bangalore, then south Bangalore is for you. Not only is the area home to many Fortune 500 IT companies, but is also shaping up to be a promising future residential hotspot with many green spaces, tree–lined boulevards, gated communities, luxurious villas, swanky apartments, and commercial offices.
For all those looking for homes, south Bangalore is one of the best places to live in today.
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