Bangalore Witnesses Steady Growth Across Several Real Estate Segments

Bangalore has always been a happy hunting ground for developers and there are options available in several segments.

Bangalore has always been a flourishing property market and has somewhat beat the downturn and slump that gripped the realty sector in other metros like Mumbai, Chennai and Kolkata. Bangalore has always had healthy demand fueled by steady employment opportunities, the booming IT and startup ecosystem, influx of innumerable professionals into the city from other parts of the country and rising disposable income of professionals and businessmen alike. If you’re seeking new flats in Bangalore, there is no better time as the market is very well developed and steady now without any saturation in sight. You may have to shell out a little more than you bargained for residential flats in Bangalore owing to a healthy demand and supply equation.

You can easily buy 1 BHK flat in Bangalore across several segments depending on your particular budget. The luxury housing segment has witnessed huge growth in Bangalore and there are several dollar millionaires living in Bangalore. Conservative estimates put the number at approximately 10, 000 and more. This population includes several expatriates who have sophisticated and demanding tastes. There are several new projects in Bangalore which cater to this high net worth customer base. Several builders in Bangalore are coming up with ultra luxury projects in important areas like Secondary Business District, Central Business District, Outer Ring Road, North Bangalore and Whitefield. Sarjapur Road and North Bangalore are prominent markets and several villa and row house projects are attaining immense popularity amongst well heeled buyers. These premium projects usually come with top of the line amenities and other facilities for residents.

There are several options in Bangalore in terms of housing for the mid income segment. This segment is majorly dominated by professionals who work in the IT and ITeS sectors in addition to corporates and executives. Social infrastructure, access to amenities, physical infrastructure, proximity to offices and medical and educational facilities are the main drivers of buying decisions in this segment. The ORR IT corridor, Electronic City, Whitefield and a few parts of North Bangalore are hotbeds for such mid range housing projects and there is steady demand and supply in this segment as well.

If you’ve been looking for budget flats in Bangalore, you will find several options in Bangalore as well! There are erroneous perceptions of Bangalore having a lack of options in the entry level segment but this is not true. This segment witnesses huge demand for price sensitive buyers and there are several areas in the suburbs that are hotbeds of such development including Kanakapura Road, Hosur Road, Mysore Road and others. Affordable housing is now an established market segment in Bangalore and has been taken up by developers like Golden Gate Properties, Brigade Group, Shriram Properties and Purvankara on a large scale. There is constant demand for affordable housing in the outskirts of Bangalore and this has been witnessed in pockets along the Peripheral Ring Road and the entire metro railway network line. Affordable housing projects are also being launched in Kengeri and other areas in West and South Bangalore.

Flats in Sarjapur Road Bangalore- Ideal for Both Investors and end Users

Bangalore’s property market has been attracting both end users and investors for the past few years. Among all the areas, Sarjapur Road is one of the sought after ones. Despite south and east Bangalore becoming saturated for realty development, Sarjapur Road continues to undergo realty development. Most builders are moving towards the peripheral areas because their connectivity to prime neighbourhoods is rising. Much space has been offered for realty development along this stretch.

Sarjapur Road is a rapidly growing suburb located towards southeast Bangalore. It offers smooth communication with prime neighbourhoods and SEZs located in Electronics City, Whitefield, Marathahalli, Outer Ring Road, Koramangala and Silk Board. The development of new projects in Sarjapur Road Bangalore is centred on the IT sector. It houses around 2 lakh professionals who are employed by the MNCs here. Several of them live on rent and buy 1BHK flat in Bangalore because it would be close to their offices. The prices are still quite affordable which is why several professionals are contemplating a shift into purchased flats from rental ones.

The micro market has much potential of getting good returns because it is close to the IT hubs in Bangalore. Because of the large office space supply, there shall be an increase in the numbers of affluent professionals. The demand for flats in Sarjapur Road, Bangalore shall increase or at least stay constant. The well-established social infrastructure comprising of healthcare facilities, educational institutes, shopping centres, malls and corporate offices makes the neighbourhood a first preference for several IT professionals and retired personnel. The average cost of apartments in Sarjapur Road is Rs 4500 per sq ft.

The neighbourhood with all amenities that are available and its commercial development has fetched it the status of being a hi-tech city. All prominent builders of the city have flats and apartments on offer in the neighbourhood that belong to the middle and affordable segment. Individuals who want to invest in plots in Bangalore can also select from the ones available here. They can be gotten for Rs 22100 to 27200 per sq yd.

Because of the existence of companies like HP, Capgemini, Wipro, Accenture and Cisco in the vicinity, rent seekers prefer staying here. There are several rental properties in Bangalore available in this area. Investors too prefer parking their money in new projects in Sarjapur Road Bangalore for the high return on investment. A rental earning of Rs 16,000 to 27,000 in a month can be earned from 2BHK apartments that measure around 1000 sq ft. Because Sarjapur Road is an end users market, investors have good prospects of recovering their investment and make a neat profit from it as well.

Indiahomes real estate has several projects located in Sarjapur Road being developed by renowned builders of Bangalore. They are under construction although several offer possession to home buyers soon enough. Given the interest generated in real estate Bangalore along this stretch, the prices of property are slated to increase.

Why is Whitefield Popular Among Home Buyers?

Read on to know why Whitefield is attractive for buyers and the latest projects that have been launched.

Whitefield is one of Bangalore’s established neighbourhoods and was earlier known for the Sathya Sai Baba Ashram-Brindavan. It is managed by the BBMP and is home to several IT parks such as the ITPB and Export Promotion Industrial Park. The area is served by two important thoroughfares- the Varthur Road that traverses through Marathahalli and continues on as the HAL Airport Road and the Whitefield Road that goes through Mahadevapura.

The area is sought after by salaried employees of the IT companies in the vicinity and is one of the top neighbourhoods for purchasing and renting property in Bangalore. Reputed builders of Bangalore such as the Prestige Group, Salarpuria Sattva Group and Brigade Group have their projects here. The Brigade Group Bangalore, in fact, has two projects located here. Their details are given below:

Brigade Cosmopolis: Sprawled over 9.3 aces: the residential community has various residential towers which as G+18 storeys. The penthouses and flats are of 2, 3 and 4BHK configurations whose areas vary from 116 to 338 sq m. The price of property in the complex begins at Rs 86 lakh, including statutory expenses and car park. The community is slated to have amenities like landscaped courtyards, swimming pools on rooftops, club house with a fully equipped gymnasium, intercom connectivity with internet and cable television, fire protection, terrace and sky gardens, meditation and yoga terrace, squash and tennis courts, children’s play area, jogging track, gazebos, amphitheatre and convenience stores. The project is located on the Whitefield Main Road close to the IT capital.

Brigade LakeFront: The Brigade Lakefront has 2, 3 and 4BHK luxury apartments in towers which have G+14 storeys. The flats measure from 124 to 312 sq m.  This is one of the upcoming projects in Whitefield by the group whose prices range from Rs 84 lakh. The amount includes statutory expenses and car park. Amenities offered to home buyers include basketball and tennis courts, rooftop swimming pool and club house with quality amenities. The project is located on the EPIP in Whitefield.

The Brigade Group was founded in 1986 and has worked to become one of south India’s top property developers. The group is headquartered in Bangalore and has branches in various cities of South India. They have an accredited agent in the US and a representative office in Dubai. The company has branched out to offer services such as property development, management and advisory services. The group has worked on several commercial properties apart from residential ones. Their new projects in Bangalore are spread over Electronics City, Kogilu Road and Mysore Road among other areas.

Whitefield is a hotbed of realty investment in Bangalore mainly for the thriving IT sector. The area’s social and civic infrastructure has improved over the years and is good enough to support both families and singles living here. The prices of property in the area range from Rs 5000 to 6000 per sq ft, hence is affordable for salaried employees.