Buying a real estate in Bangalore has always been the subject
of interest, thanks to the advancement in infrastructure and the burst
of IT-based companies there over many decades. As in other metropolitan
cities, the price rates in this city too are expected undergo a good
appreciation this year.
With the upcoming PRR (Peripheral Ring Road) project, there is good possibility of new launches of apartments in Bangalore. The existing townships around the PRR area are expected to gain price hikes. This 65 km project between Sarjapur and Tumkur has caught the attention of several leading builders, who are all set to launch housing complexes and commercial SEZs here.
A buyer looking for flats for sale in Bangalore can choose locality as per the ongoing rates. For example, an end-user eying for a 2-BHK within the 30-70 lakhs can go for localities like Electronic City, Whitefield, Tumkur Road, and Outer Ring Road. In Electronic city, for example, the price rate per sq. ft in the month of July was Rs. 3238, while anyone looking an apartment in Whitefield can buy at a similar rate of 3533/ sq. ft. At Gachibowli, it stands at Rs. 3700, at Kondapur, Rs. 3234, while at HiTec city, it stands at Rs 3872.
Regarding the average price rate for properties in Bangalore, there has been an increase of about 6% over last one year. With the predictions going on the positive side, several international businesses have decided to launch their projects here. Qatar Investment Authority's decision to invest a whopping $300 million in city's real estate is a good news. With more projects in pipeline, it is obvious that flats for sale in Bangalore shall reap profits for investors, in the future to come.
Makaan.com is India real estate portal where buyers can look out for houses and office spaces for buying or renting. Flats, luxury houses, villas, bungalows, land, and shops can be searched on the basis of location and price rates.
With the upcoming PRR (Peripheral Ring Road) project, there is good possibility of new launches of apartments in Bangalore. The existing townships around the PRR area are expected to gain price hikes. This 65 km project between Sarjapur and Tumkur has caught the attention of several leading builders, who are all set to launch housing complexes and commercial SEZs here.
A buyer looking for flats for sale in Bangalore can choose locality as per the ongoing rates. For example, an end-user eying for a 2-BHK within the 30-70 lakhs can go for localities like Electronic City, Whitefield, Tumkur Road, and Outer Ring Road. In Electronic city, for example, the price rate per sq. ft in the month of July was Rs. 3238, while anyone looking an apartment in Whitefield can buy at a similar rate of 3533/ sq. ft. At Gachibowli, it stands at Rs. 3700, at Kondapur, Rs. 3234, while at HiTec city, it stands at Rs 3872.
Regarding the average price rate for properties in Bangalore, there has been an increase of about 6% over last one year. With the predictions going on the positive side, several international businesses have decided to launch their projects here. Qatar Investment Authority's decision to invest a whopping $300 million in city's real estate is a good news. With more projects in pipeline, it is obvious that flats for sale in Bangalore shall reap profits for investors, in the future to come.
Makaan.com is India real estate portal where buyers can look out for houses and office spaces for buying or renting. Flats, luxury houses, villas, bungalows, land, and shops can be searched on the basis of location and price rates.
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