Bangalore is a beautiful melting pot where different cultures meet. The cosmopolitan culture, beautiful climate all round the year and alluring soft drizzles, several old monuments are the major attraction of the city. Real estate in Bangalore has also seen great demand in the last decade due to the presence of several IT, blue chip companies and multinational corporations. The robust social infrastructure and great connectivity has also significantly contributed in raising the real estate demand in the city.
Captured below are some places that offers affordable housing in Bangalore.
Yelahanka & Doddaballapur Road
Yelahanka was traditionally a suburban satellite town of Bangalore, where development was largely driven by the manufacturing sector until the Kempegowda International Airport became operational. The development of the airport opened the floodgates for corporate and mixed-use developments along Highway NH-7 connecting Yelahanka to the airport. The availability of large spats of land attracted new developments and other projects. Good rail and road connectivity with the core city has played an instrumental role in driving buyers interest. However, as the SEZ and mixed use developments along the NH-7 start operations in next one year, this location is likely to see a lot more demand and development action. This area is envisaged to continue attracting people for affordable housing in Bangalore in the coming time.
Horamavu in the north-east part of Bangalore is easily accessible from the airport through the Outer Ring Road. It is located close to key residential locations such as KR Puram and Banaswadi, and is developing into a fully-loaded residential destination. Real estate development in Whitefield and along the Outer Ring Road has led to faster development in this location, which currently caters to the residential requirements of employees from the offices located in northern part of Whitefield. Some of Bangalore’s leading local developers are now active with affordable housing projects in Bangalore in Horamavu. With the increasing focus of infrastructure development in north of Bangalore, Horamavu is expected to witness a spate of fresh demand of residential units in the near future.
Budigere on Old Madras Road is an emerging residential destination where IT influence from the neighboring areas and rapid infrastructure development have resulted in considerable growth in a short span of time. Budigere also receives strong demand for residential units from the manufacturing industries present in the region.
With the prices saturating in already developed neighbouring areas such as Whitefield and Brookefield, Budigere receives significant spill-over demand due to its relatively affordable prices. The place boasts of a good social and civic infrastructure. This is the reasons that many Grade A builders and developers are showcasing their interest to launch projects in this area. The projects are designed to offer high class lifestyle to its residents with state of the art infrastructure and top notch amenities at affordable prices. This makes it one of the best place for affordable housing in Bangalore.
Real estate in Bangalore sees a rising demand with the areas offering affordable housing. It caters to the need of gentry belonging to different class and strata.