KR Puram a Good Investment Destination in Real Estate Bangalore

Krishnarajapuram better known as KR Puram is a popular locality in Bangalore real estate. The locality is a well known micro market which is located on NH 4. Flats in KR Puram are in high demand as they are surrounded by some of the most posh localities of real estate in Bangalore. Property in Bangalore located in Mahadevapuram, Whitefield, Narayanapuram and KR Puram flats for sale are considered to be one of the finest investment options. 

As an investment rule all the property in Banagalore located near commercial or IT and ITES sectors are known to command the Bangalore real estate. And, therefore since KR Puram flats for sale lie in close proximity to the IT hubs of Marathahalli and Whitefield, the KR Puram flats for sale are a  much sought after residential property in Bangalore. The locality is all the more popular as it offers plenty of affordable properties in Banaglore real estate. Many people who are unable to afford a property in Whitefield often look to invest in this part of real estate Bangalore. 

Flats in KR Puram also enjoy great connectivity as the area sees three arterial roads running through it. Also the connectivity will improve future as the second phase of Bangalore Metro is completed. KR puram is located at the junction of Outer Ring Road and Old Madras Road. Once the locality is connected through metro the Kr Puram flats for sale will command a premium over property rates. So if you are looking for a decent place to invest in Bangalore real estate do consider to invest in flats in KR Puram as they have a lot to offer and that too in reasonable rates. One can also track the previous price trends of the area and the return on investment offered by the locality in the last few months at www.makaan.com.

Top Localities to Hunt an Apartment for rent in South Bangalore Real Estate

Out on the search for a rent house in South Bangalore? You are the at the the disposal of staggeringly high number of options. Most of the South Bangalore localities are highly-developed and carry up-to-the mark infrastructure. Let's have a look over some localities that can be the best bets for prospective tenants.

1. BTM Layout: Known to be a high-growth locality, BTM Layout has got location advantage. Bring situated close to HSR Layout, ORR, and Koramangala, BTM is one of the most sought after localities for hunting a house for rent in Bangalore real estate. An important residential as well as commercial hub, it has seen good appreciation of price rates over year. To buy a 2 BHK flat here, you need to have a budget falling in 10-15k bracket.

2. JP Nagar: If you look across J P Nagar, you would mostly find independent houses here. A plush residential area, the locality has developed into a significant micro market and is mostly populated by elite. For those who are looking for an apartment for rent in Bangalore in the comfortable 9-10k rental range, JP Nagar can be among the best places.

3. HSR Layout: Unlike other Bangalore localities, HSR Layout is situated in quietude. A major IT corridor, the area has seen a deluge of residential apartments in last decade. Land prices have appreciated well here and at present, it has become a dependable investment option. 2 BHK rental price rates over HSR Layout too are averaged around 10k.

4. Koramangala: One of the most expensive places to hire a rental flat. Koramangala is dotted with luxury apartments, villas, and bungalows. Cris-crossed by important link roads like Sarjapur Road and O.R.R. have been the boosting factors for its realty market. To hire a two-room apartment here, you may need to pay an average monthly rental of 30k.

How Rental Property Market Rate Fare in Bangalore?

The Electronic City, Bangalore, witnesses arrival of a good number of young professionals seeking employment opportunities. The city which is a popular exporter of software comes with a number of plus points. The relatively cheaper affordable options along with good physical infrastructure pulls in huge crowds. Its stronghold over rental market along with excellent connectivity have imparted it with good importance for the exodus of immigrants. To cater to the spatial requirements of these along with its own population, the city comes with a number of rental options.

Consider a 2 BHK flat for rent in Bangalore. Cheap rates are prevalent in localities like JP Nagar, R T Nagar, OMBR, Banashankari, TC Palya, and Horamvu. The areas offer 2 BHK rental apartments with monthly rentals beginning at around 6k. Over Whitefield, Dinnur, Old Madras Road, Whitefield, HSR Layout, Kundanhalli, and KR Puram too, the monthly rentals can cost a tenant around 8-10k.

Tenants looking for two-room apartments in 10-12k range can make search in locations like Yelahanka, Banaswadi, BTM Layout, Mahadevpura, Padmanshala, Babusapalaya, Lingrajapuram, and Sanjay Nagar. Similar rates can be expected in Sahakar Nagar, Ganga Nagar, Kodigehalli, Maleshapalaya. For rental houses in 12-15k rental range, tenants can make search in Doodankunte, Benson Town, Bellaundur, OAR(Old Airport Road), and HMT Layout. Prime locations like Jayanagar, and Indira Nagar carry high rentals: the starting price for a 2 BHK apartments in Indira Nagar can be around 20k.

Price rates of property in Bangalore have not shown much appreciation over years. The city's is primarily a buyer's market rather than an investor's. Rental prices, however, have seen an increase over past 12 years. Localities like JP Nagar, Marthahalli, Bannerghatta Road, Sarjapur Road, Electronic City, Kundanhalli, Cookes Town witnessed price rise.

Hunting for a 2 BHK Flat for Rent in Bangalore Residential Property?

Excellent developmental scope and presence of physical infrastructure are the prime reasons why Bangalore is one of the most preferred cities for realty buyers. City's rental market too has performed nicely over years. Demand for rental houses comes from both its local population as well from the expatriates that migrate here on regular basis. The city, unlike its northern counterparts, provides several affordable options to its tenants. We are going to have a look into the average rental rates of a two-room apartment in city across its several localities.

For a tenant looking for 2 BHK flats for rent in Bangalore, there are a couple of options. While there are budget localities like R.T. Nagar, Kundanhalli, Banashankari, J P Nagar, and Kammanhalli. Across these, one can find a two room house with rental prices in 6-8k rental bracket. Likewise, localities including names like TC Palya, K.R. Puram, Old Madras Road(OMR), Horamvu, Whitefield, and Dinnur: the rates on lower side across these lie mostly in this range.

For tenants who can pay monthly rental in 8-12k range, localities like Lingrajapuram, Marathahalli, Babusapalaya, Hoysala, Maleshpalaya, Yelahanka and Sahakar Nagar can be the apt choices. On the similar lines, Padmanshala, Kodigehalle, HSR Layout, C.V. Raman Nagar, Koramangala, Ganga Nagar, and Rammurthy Nagar carry similar rental rates.

For seekers of 2 BHK residential property in Bangalore, the city offers better options in the form of some well-developed localities. BTM Layout, Banaswadi, Anand Nagar, Bellandur, Mahadevapura, Old Airport Road, Doodankunte, Jayanagar, Benson Town, HMT Layout, and Jeevan Bima Nagar. Most of these have seen flourishing of IT companies over years and are considered premier areas for seekers of residential spaces.

Steadily improving connectivity and preference by High Net Worth Individuals(HNIs) have done wonders for city's realty market. In spite of affordable prices, the market for rental properties manages to keep its head above water.

Two Room Flats for Rent in Bangalore Residential Property Options for Tenants

The Electronic City, Bangalore, has always occupied a catbird seat as far as the real estate market is concerned. Though the prices have not budged from their place from several years, the realty market's performance is recorded better if compared to other tier-I cities of India. The demand for rental residential flats remains on higher side of graph, thanks to good employment opportunities, state-of-art-infrastructure, excellent connectivity and well-developed localities. Rental properties are the ultimate choice for tenants who have expatriated from other cities. The rates are flexible and the city has something to offer to tenants from different income brackets. Before hiring on rent, one must be aware of the ongoing price trends. This blog post throws light on rental rates are prevalent over different parts of the city.

Two BHK flats for rent in Bangalore in western region are generally available in 5-20k price bracket. For tenants looking for inexpensive options can make a hunt in Basaveshwaranagar and Yeshwantpur. The starting prices over these areas are concentrated in 6-10k range. Residential properties with monthly rentals are prevalent in Vijay Nagar, Munishwara Layout, Malleswaram, and Kengeri.

Residential property in Bangalore in northern region too is available across variable price brackets. While the starting prices prevalent over RT Nagar, OMBR Layout, Kamanahalli, Ganga Nagar, and Rammurthinagar fall in 3-10k bracket. Hebbal, Banaswadi, Jakkur, Yelahanka, Horamvu, Amrutahalli, Thanisandra, and J.C. Nagar are the prime localities of North Bangalore: the rental rates for two room flat fall in 10-15k segment.

South Bangalore's affordable locations are BTM Layout, Kanakapura, Koramangala, Electronic City: a 2 BHK can be hired at a rental as low as 7-8k over these localities. For hiring flats for rent in Bangalore over Hosur Road, Begur Road, Bellandur, Arekere, and Basavgudi, tenants must expect higher prices.

Single Room Flats for Rent Across Different Localities of Bangalore Property

Bangalore, one of the most prominent metros of in South, excels when it comes to infrastructure and job opportunities. It is the presence of IT/ITeS firms that this bastion of information technology has fared well in realty market over years. Backed by excellent connectivity, the city has a lot in its kitty as far as real estate development is concerned. Its viability factor has always attracted expatriates who come here in search for jobs. A good part of its own population as well as these migrants prefer rent houses for fulfillment of their accommodation requirements. In this blog, we are going to summarize what a one BHK house for rent in Bangalore can cost to a tenant, over its different localities.

Take South Bangalore into consideration first. To locate 1 BHK flats for rent in Bangalore in this part of the city, tenants can choose from a whole lot of options. Among the cheaper ones, the common ones are BTM Layout, Banashankari, and Uttarahalli. A tenant can expect a one bedroom flat with monthly rent up to 5k across these colonies. Over Electronic City, Koramangla, HSR Layout, JP Nagar, Begur Road, and Arekere, tenants can find 1 BHK rental houses in 6-15k price bracket.

Property Bangalore in North offers options like R T Nagar, Hebbal, Kalyani Nagar, Banaswadi, and Rammurthinagar. The available price range for one bedroom flat across these can vary from 3k to 15k. In East, good options to make are Sarjapur Road, AECS Layout, Whitefield, CV Raman Nagar, Old Airport Road, and Doddakunte. Marathahalli, Sarjapur, and AECS Layout offer one room apartment with titrating prices mostly focused around 5k. CV Raman Nagar, Old Airport Road, and Doddakunte have higher rental brackets.

Single room apartment for rent in Central Bangalore can be looked in Coles Road, Benson Town, Cook Town, Indira Nagar, if the tenants prefer budget offers. Richmond Road, Wilson Garden, Levelle Road, Ulsoor, and Kodihalli, however, carry higher price tags.

Bangalore Real Estate Infographic @Makaan.com

Bangalore Real Estate - Infographic @Makaan.com

In Bangalore, Where can you Look for a Single Room House for Rent?

Electronic City, Bangalore is the bulwark of IT sector and has always garnered interest of real estate developers PAN India. Presence of physical infrastructure and feasibility of futurist development have been the biggest boosting factors for city's realty market. The demand for rental properties across its different localities keeps a steady pace all through the year. With more expatriates flocking here in search of prestigious jobs, the rental market manages to keep itself in good shape.

For tenants who are keen to hire a 1 BHK house for rent in Bangalore, can get the same with many options at their disposal. The rates are affordable in most of its localities. Even in well-developed areas like Whitefield, JP Nagar, Electronic City, and AECS Layout, tenants can hope to find a 1 BHK at low monthly rates. For cheap prices, i.e. in 2k-5k bracket, Sarjapur Road, Marathahalli, AECS Layout, Kundanhalli, R T Nagar, BTM, and JP Nagar can be good options. As most of these are laden with IT/ITeS firms, hunting a rental house across them can be time and money-saving for those who have offices here.

 

IN 6-10k rental segment are covered areas like Electronic City, Whitefield, Mahadevpura, Thippasandra, OMBR Layout, GM Palya, HSR Layout, and CV Raman Nagar and can be the apt choices by tenants. Residential properties in Bangalore carries in its kitty, more options for tenants looking for rental houses with fully-furnished decors and presence of good amenities. Indira Nagar, Kodihalli, and HSR Layout are well-developed localities whee monthly rental for 1 BHKs have starting prices above 10k, and going far more than that. To hire a rental flat in HSR, tenant may have to pay up to 14k per month. At Indira Nagar, the price can be up to 16k and above.

Rates of 3 BHK Flats for Rent in Central and Northern Bangalore Properties

Bangalore is India's tier I city and is known for its cosmopolitan culture. The presence of a whopping large number of IT companies, along with several small and large-scale manufacturing units have rendered this electronic city an ultimate choice for white-collared professionals. Presence of Special Economic Zones and several IT Parks have played a larger-than-life role in contributing to its economic standard. The city also houses the headquarters of many PSU(Public Sector Undertakings). Aptly called 'Silicone Valley', the city contributes an elephantine proportion to country's software exports.

As the city sees a steady influx of population from other cities of India, the demand for rental properties here remains high throughout the year. Flats for rent in Bangalore are available at flexible price brackets and cater to all the segments of tenants. Here, we are going to consider three-room rental apartments in different parts of the city and their rental range present there. Let's talk about the city-center first. Its hot localities include Frazer Town and Richmond Road. While a 3 BHK house on rent is available at around 47K in Richmond Road, at Frazer Town, the renal range for such a property falls in 30-60k range.

But that is not all. Localities like Coles Road, Sishadripuram, Indira Nagar, and Ulsoor are the localities where tenants can expect monthly rentals below 30lacs. At Palace Road, Cook Town, Langford Town, Vasanth Nagar, and Queens Road, the rates are higher: the starting rentals in these areas falls in 30-50 lacs bracket. For expensive rental property in Bangalore, the areas to look forward are St .John Road, Aga Abbas Ali Road, Cunningham Road, and M.G. Road; at many of these, the rentals for three-room flat can cost up to 1 lac.

 

Now, let's have a look at the available rental options in North Bangalore. Some of the localities like Hebbal, Thanisandra, Yelahanka, and Dollars Colony are well-developed with a stronghold of software companies. These areas offer a wide rental range that can cater to both the low and the high segments of society. At Hebbal, Sanjay Nagar, Jalahalli Hill, Thanisandra, Hennur Road, RMV Layout, the houses with monthly rentals below 20k area available for hiring. Dollars Colony and Bellari Road offer above 20 k rents. In all of these areas, the upper rent can go up to 1-2 lacs. Yelahanka is an affordable area of North Bangalore, where rents as low as 7k can be expected, while the upper value can be as high as 90k.

Search flats for rent in Bangalore over the leading real estate website, Makaan.com. Search property in Bangalore, Chennai, Hyderabad and other Indian metropolitans and locate the one that fits within your budget.

Flats in Bangalore: IT sector Losing its Sheen in Properties

As per the market reports, IT sector is losing its sheen in terms of contribution to real estate. The contribution, in fact, has fallen to only 45%, which was earlier 70%. The sales from non-IT sectors like banking, finance, and others have increased well above average: 55% part now comes from these markets. The stronghold of non-IT market has increased and more calls for residential properties now come from them. Even the absorption of commercial properties has gone up in these particular niches. The Electronic City that derived its name from IT industry itself, is now falling short of the expectations.

This was one thing. In spite of the slowdown in IT, newer developments in terms of residential flats in Bangalore is continuing on a steady pace. The property rates in the third quarter of the year have seen a nominal increase. Along with this, the demand for retail centers, business firms, and other commercial units is also going fine in the city's realty market. The city, in fact, is not merely a Garden City with salubrious climate or with forts and art centers. It has outgrown, and has transformed into a colossal trade center. Plenteous business units have dotted the city's landscape.

The properties Bangalore is witnessing small and large segment residential projects, with big builders coming with state-of-the-art projects. The demand, though not equals the supply, yet it has not depreciated too much, like in other metropolitan cities. The empty units are still less than 10%, which is not a figure for worrying too much. The presence of top-level infrastructure, ready availability of top amenities, and good potential for development are the prime reasons why the city has been able to maintain its growth rate.

Look for flats in Bangalore over realty portal, Makaan.com. Search for single rooms, apartments, villas, bungalows, office spaces in different price brackets. Get to know the price trends for real estate Bangalore and other cities.

What can a House for Rent in Bangalore Cost you?

Bangalore is popular for its world-class infrastructure, great potential for IT jobs, and high-end amenities. This makes buying a house in the city a costly affair for lower-middle and middle segments. Living on a rent house is a good option, as they do not have enough disposable income to own a house of their own. Seeing the rate at which is inflation is spreading its web in the country, buying a property has become quiet dear. Rental spaces, in such a case, prove an affordable option. Though the rental properties too undergo escalation along with the capital appreciation, still, hiring a flat is far more budgetary. The properties in different localities come at different rental rates.

The price appreciation of rental properties, as seen over 2012-13, have undergone a change of about 2%, a good thing for investors in property. In localities including Whitefield, Marathalli, and Kundanahalli, the per square feet (psf) values have gone appreciation. At Whitefield, the psf rate is almost fixed at Rs. 16.14 from past six months. For an apartment for rent in Marathalli, the psf rate this August stands at Rs. 16.12/ sq. ft. The localities where Bangalore real estate has seen a depreciation in psf rates of rental residences are HSR Layout, R.T. Nagar, JP Nagar, Indira Nagar, B.T.M. Layout, and Bannerghatta. At Indiranagar and Koramangla, the per sq. ft. rates are quiet high: Rs 18.43 and 20.94 respectively.

Let's now compare the price of a 1 BHK in the city's different localities. Flats for rent in Bangalore, in the north region has comparatively lower rental prices, if compared to the rest of the city. At Devanahalli, R.T. Nagar, and MSR Main Road, a 1 BHK can be hired for somewhere around 5-8k. For better localities, choose a property in the southern Bangalore. Here, the rental rate goes between 7-20k. The areas like BTM, Jayanagar, JP Nagar, Indiranagar are particularly popular among the working class. But in Attibele, the rates are significantly lower.

In Sarjapur, Whitefield, Kundanahalli, the localities forming the eastern region, a flat for rent ranges between 6k-14k. At Kundanahalli, single room flats are available at a whopping 3 lacs!. In the central part of the city, the rates for properties in Bangalore are highest. Rental flats at M.G. Road, Cox Town, Ulsoor, Frazer Town, Richmond Road, and Benson Town are available for hiring at 10-25k.

Makaan.com is a premier portal that lists properties from across different Indian cities. The website allows the users to search properties in Bangalore as individual rooms, independent houses, studios, villas, plots, office spaces, studios, shops, malls, and farmhouses at the click of a button. Look for flats for rent in Bangalore in different price range.

Promising Future for Investors Putting their Money on Properties in Bangalore

The existing townships around the Peripheral Ring Road area are expected to undergo price escalation, in the months to come. Qatar Investment Authority' has decided to invest a considerable $300 million in city's real estate and that is a good news for realty market in the city

Real estate Bangalore has always been a topic of discussion among realty pundits, thanks to the stronghold on infrastructure and the boom of IT sector in past few decades. Like in other metros, the capital rates have undergone a good escalation this year too. The percentage hike in properties is anywhere between 10-100%. With the arrival of new guidance values for residential and commercial values, the prices are expected to tread an upward path. Investors who are looking for long-term returns can rake in mullah with the appreciated property prices

Apartments for sale in Bangalore can be chosen in different localities as per the current rates going on in each one of them. For instance, a buyer eying a two-room apartment in the price range 30-70 lakhs can make a choice among the localities like Tumkur Road, Electronic City, Whitefield, and Outer Ring Road. In Electronic city, the psf (price per square feet) rate in July stood at Rs. 3238/- while a buyer searching in Whitefield, can make a purchase at a similar rate of 3533/ sq. ft. At Gachibowli, the rate is little higher at Rs.3700/ sq. ft.; at Kondapur, it is Rs. 3234/ sq. ft., while at Hi-tec City, it is around Rs 3872/sq. ft.

With the upcoming Peripheral Ring Road( PRR) project, there is a good chance that there will be too many new launches of Bangalore apartments. The existing towns located around this area are expected to gain good price escalations. The 65-km Sarjapur- Tumkur project has already turned several heads, specially of those developers, who are all geared to set housing complexes and commercial SEZs in the nearby areas. This line shall be covering the plush localities including Marathahalli, Hebbal, Kengeri, Gokula, Madiwala, JP Nagar and BTM Layout. The rates of apartments in these particular localities are expected to rise considerably.

For an average psf rate for a properties in Bangalore, there has been an escalation of about 6% in past 12 months. As the predictions are largely on the positive side of the graph, a plentiful of international companies are on their road to afloat new projects here. Qatar Investment Authority's decision that it would invest a large sum of $300 million in city's realty market is a good news. As there are many more projects in pipeline, it is clear that apartments apartments for sale in Bangalore shall bring profits for investors, in the months to come.

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Localities in South Bangalore where Flats are Available Below 40 lacs

What is the prime criteria that makes a property buyer say 'yes' or 'no' to it? For most of us, it is all about the affordability. Isn't it? Bangalore has remained an economical option for too long, as the realty prices haven't shown much flickering here from many years. For those buyers who are on the look-out of residential space in South Bangalore, there are a plenteous of options. Let's see what are the localities in this region where you can find living spaces in the range 5-40 lacs. Even in the high-end colonies like Koramangla and JP Nagar, one can expect flats in this range. Let's discuss a bit more.

Electronic City, a locality that speaks volumes about the progress made in IT sector, offers properties starting from 6 lacs (with an average 450/sq. ft. rate). The other localities where you can find sustainable prices include Berkai, Anekal, Atibele, Hosur, Bommasandra, Chandrapura, Jigani, HSR Layout, Sarjapura Road, and Mysore Road. At all of these, one can avail flats in Bangalore with rates beginning anywhere below 10 lacs and psf(per square feet) rate centered around 450/-. The localities where prices begin in 10-15 lacs range are Bannerghata Road, Begur Road, Uttarahalli, and Off Hosur Road. The average rate of flats in most of these areas is anywhere between Rs. 1200-2300/sq. ft.

The next layer comprises of flats that have the beginning price-rates in 15-20 lacs range. Such flats are available for buying in Vijaya Bank, Anjanapura, Bannerghatta, Off Bannerghatta, Silk Road. Yehalanka. and the psf rate centered around an average value of 3100/ sq. ft. Bellandur and Off Sarjapur Road are the localaities where Bangalore real estate flats can be purchased at a price as low as 20-25 lacs and above. For 25-40 lacs range, look for apartments in BTM Layout, Hosar Kerahalli, Arekere, Nayan Danahalli, Koramangala, Rajrajeshwarnagar, ISRO Layout, and Nayandanahalli options.

The real estate portal, Makaan.com lets you search properties online. Look for flats in Bangalore in different price segments, and present in different localities. Keep yourself informed of the Bangalore real estate prices and psf rates.

Residential Properties Faring Differently in Different Parts of Bangalore

Whenever RBI tries to control inflation, both builders and buyers have their spine-chilling moments. Buyers because they become apprehensive of paying more for a house, and developers because they frighten from fall in demand. But the recent measures taken by RBI did not shocked Bangalore's developers much; they are quite sure that the demand for properties in the city shall continue steadily. One of the reasons could be this: the real estate prices in the city are still lower than that of other tier-1 cities like Delhi and Mumbai.

The prices of residential properties in Bangalore increased manifold in the southern region. The reasons are all clear. The demand for real estate in southern and eastern localities like Koramangala, Hosur, Bannerghatta, Hebbal, Sarjapur, and Electronic city are witness to price accretion. The high demand in these localities can be the reason for the same. In most of the South Bangalore, the focus of the developers is on premium projects, as buyers, here, are more inclined to make luxury purchases. So, the construction of villas, row houses, and condos is going on in full swing there. As the demand never ceases to go down in these particular areas, the developers always have the reason to escalate the rates. In past 2 years, the average capital rate has increased by about 10%.

 

Contrarily, Bangalore real estate, as a whole, has witnessed a slowdown this year. The demand for houses has seen a decline in rest of the city. The situation of oversupply, akin to other metros, has bogging down the developers. As of now, our of about 1 lac residential houses, as large as 60,000, are still unsold. This has, in turn, led to price correction in many colonies. So, a buyer interested in making a purchase can reap benefits from the current scenario.

Makaan.com, a leading name in real estate websites, allows buyers to locate 1, 2, 3 BHK property in Bangalore and other cities. Serach for apartments for sale in Bangalore and locate that suits within your price-bracket.

Investors Pinning their Hopes on Properties in Bangalore

Whenever the property rates depreciate, it becomes a time for putting iron in the fire, for users at least. Bangalore, the electronic city, has undergone a slump of about 1% and the rates in individual localities too have deflated. What could be the possible reason behind this? Do we need to even mention that? The turbulence that the Indian economy has found itself embroiled in, has played wrongly with a buyer's sentiments. Their interests in making a purchase in the light of the current scenario is on a wane. Bangalore, a city where the prices were already stagnant from many years, is seen as a windfall for buyers and investors. In the hope that the rates would eventually rise here, the investors are taking the present situation as a good opportunity.

The interest of both medium as well as high-term investors for a house in Bangalore has augmented: The city being a hot-spit IT hub, has played a major role in aggrandizing the investors' likening to put their money in. In fact, the city has been the nerve center for investors from neighboring states too, who anticipate that the rates would eventually rise in the city, getting them huge returns in long run. Then there are NRI's (both from South India and others) who have invested colossal $200 million in the realty market. It is not only the residential market that they have eyed on, many have given their stamps on land parcels worth crores too.

 

It is the wherewithal of the city's real estate market that like big names like Jumabhoy from Singapore have invested a whopping money on luxurious villas in Whitefield. Their project named, Raffles Park, shall develop 61 residential properties in Bangalore that would cater to the ultra-modern needs of the elite segment. This project, worth 350 crores, shall be a big push to the city's realty market. T

Search properties over the premier property portal, Makaan.com. Look for 1, 2, 3 BHK house in Bangalore, and other Indian cities. Search properties in Bangalore that cater to the needs of buyers from all segments.

Different Price Brackets for a 2 BHK Property in Bangalore

While the other cities in India have submitted themselves to extortionate prices, and the real estate there is witnessing a slump, property in Bangalore is going all fit and fine. The realty growth, in the city, is going steadily upwards. The market is predicted to be fruitful for both the end-users as well as investors, who are eying on long-term investments in this electronic city. The prices, as per current scenario, are seeing good appreciation, that will pave the way for assured returns. A few localities where prices have escalated in the quarter Jul-Sept are Bannerghatta Road, C.V. Raman, Cokes Town, Frazer Town, Hebbal, Hosur Road, JP Nagar, K R Puram, Kalyan Nagar, Kasturi Nagar, Mathekere, and Old Airport Road.

The residential properties in Bangalore cater to all the segments of society;be it budget buyers or elite segment of the society, the city has something for everyone. Some of the localities that have seen an upsurge in rates in the localities like Thanisandra Road, Hennur Road, Bannerghatta Road, Marathalli, and Whitefield and areas around ORR(Outer Ring Road). Some of the major developers like Zuari, Infraworld India, and GR Construction have floated new projects in the city.

As far as the prices are concerned, there are a plethora of options available. For a 2 BHK house below 10 lac range, the localities like Whitefield, Munnekalolu, and Atibelle are the best options. For higher range, i.e. from 10 lacs and 20 lacs, a buyer can look for localities like Whitefield, Atibele, Electronic City, Begur Road, Hosur Road, Bannerghatta Road, Off Magadi Road, Mysore Road, Vidharanyapuram, Bera Kai, Silk Road, Vidyamagar can be the good choices. For those who are on the look out for Bangalore property for higher rates, the residential properties in Hebbal, HSR Layout, Koeramangla, Jayanagar, Banaswadi, RT Nagar, Yelahanka, ISRO Layout, and Horamvu are the most sought-after options. In most of these areas, the rates for a 2 BHK can go as high as 1 crore or above.

Though the overall situation is fine, yet there are several areas in Bangalore where price rates have depreciated in the current quarter. A few examples of such localities are Begur Road, Gottigere, Hoodi Village, Jalhalli, Koramnagla, Thanisandra, Silk Board, and areas around off Tumkur Road. The buyers have made good use of the opportunity, and this has led to an appreciation in the demand in these areas. This can be seen in the increase in the number of sales.

Makaan.com is a real estate website that lets you make a selective search of the residential properties in Bangalore and other major cities of India. Search on the basis of criteria like price, locality, and type of property.

IT Industry: The Driving Force behind Bangalore Real Estate

Ever took part in property discussions? And if they are centered around Bangalore, it is almost impossible that people won't talk about IT industry. Isn't it? If I am not exaggerating, Bangalore property and IT are connected so closely and are so interwoven that the growth of one directly effects the other. More the information technology proliferates, more positively it helps the realty market there. The vice versa is also true. Being awarded as top 8 technology clusters in the world, the city rides high on the software market. The demand for properties of all types in the many localities of the city is more or less comes from the professional class working in software industry.
South Bangalore needs a special mention in the context we are talking about. IT has burgeoned here on a grand scale. Look at Koramangla, one of the major hubs for IT/ITeS based companies. Software giants like Infosys, Siemens, Zenith, and Wipro have centers here. The demand for flats Bangalore, in this particular locality, comes from the software and technology professionals. As majority of this community prefers to settle around their office premises, the price rates for residential spaces are high here. A 2 BHK flat can cost you anywhere between 35k and 1.5 crores.

Another area that rides high on IT industry is Whitefield. Laced with excellent infrastructure and superb connectivity, this locality of Bangalore real estate has seen several technology parks sprung up in and around it. ITBP(International Business Tech Park) houses several information technology giants. Companies like Accenture, TESCO, Wipro, Dell, Sapient, Sap Labs, IBM , and Intel found their stronghold in this locality.
Spread on a land of more than 300 acres, Electronic City, is studded with top-class infrastructure and has gained popularity as one of the largest electronic industrial parks in India. The place houses more than 180 software companies and boasts of having the longest national highway of the country. It is responsible for deriving a major portion of demand for residential properties in Bangalore. Companies like C-Dot, HP, GE, iGate Global, Tech Mahindra have their establishments in the Electronic city. Surprisingly, the rate of apartments is not very high here. A 2 BHK apartment can cost you anywhere around 35-45lacs.

Bangalore Real Estate sees a Dip after Revision in Guidance Values

The year 2011 saw a rise in guidance values of Bangalore properties and in order to keep them in sync with the sharply rising market values, they have again been raised this August. The values have been raised in almost all the districts of Karnataka and almost all of them have seen an appreciation of about 25%. The boom in population and large influx of people from the other states made the authorities increase the value of Bangalore real estate. In Bangalore alone, the guideline value has been increased by 40-45%.

It would be mandatory for an owner to state the guidance value of his property at the set value or higher than that. Those who refuse and declare the lesser value, shall be issued notice by the district registrar, who would then decide the correct value. This would bring more transparency to Bangalore real estate. As the values this year have been set more closer to market values, the revenue earned by the government in terms of stamp duty and registration fee is expected to bring more profits.

The change in the values is expected to garner huge revenues for the Karnataka government. A collection in crores from the registration fee and the stamp duty has already been made. In the months to come, more revenues are in the offing. The revenue has also been levied on properties like villas and apartments. The new rates came into effect on August 12 and since then the interest of buyers in apartments for sale in Bangalore has seen a dip. Such was the impact of the news that the registrations reached almost a zero level in areas like Kanakapura and Devnahalli. And just when the news of new rules was made public, a huge rush was seen for registration of properties. Before the guideline vales could come into effect, objections were requested from several sources, including the State government.

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What are the Options to buy a Property in Bangalore West?

If it is a house in Bangalore that you have been looking for, I am sure most of the suggestions to you must have come in favor of localities like Kanakpura Road, Electronic City, Whitefield, or Hebbal. Isn't it? Make a search over net and you will see that it is either the southern/northern or the central regions that are mostly highlighted. The price rates in the localities covered under these regions are quiet high. For budget buyers, property in West Bangalore can be a good option. In fact, the western region offers residential properties that cater to almost all the income groups. Let's elaborate a little and know about what is in store for a buyer here.

Before we talk about the specific localities, let's see what is the ongoing price/sq. ft(psf rate) for the entire West Bangalore region. This August, the psf rate is calculated as Rs. 3140/-. In 2012, in the same month, this value was recorded at Rs. 2861/ sq. ft. This appreciation shows that the property in Bangalore West has boosted over last one year.

Next come the prices for individual localities. The price rates for a 2 BHK in localities like Jalahalli, Nagarabhavi, Bidadi, Tumkur Road, Vidyaranga, Sunkadakatte, Govindraj Nagar, and Peenya, the rates vary within the range of 25-33 lacs. Though the region still has to see a lot in terms of industrialization, there are several areas that have progressed at a good pace. Kengeri, for example, is a well-known satellite town of the Western Bangalore Real Estate market. It has good connectivity to its nearby localities. Namma Metro Corridor is proposed to be extended up to here; this will further help people to commute to and from here. The other highlights of Kengeri include its closeness to Outer Ring Road and the presence of a Global Village Park.

Malleswaram is another gem for residential properties in Bangalore in the western region. A popular choice for affluent and upper-middle segment buyers, the locality has the strategical advantage of being close to World Trade Center. Another elite area is Rajajinagar. The property prices here are quiet high, as compared to the other localities. A 2 BHK flat, with an approximate 1000 sq. ft area, can cost you as high as 1 crore, though cheaper options are also available. The proposed Yeshwantpur-Rajajinagar-Malleswaram Corridor is going to further alleviate the property prices here. At Magadi and Ring Road too, the prices are high, though they also offer several budget options.

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Hike in Prices of Bangalore Residential Properties

With the implementation of the new guidance values, the prices of Bangalore real estate are expected to shoot up. This has worried builders and buyers equally well. With the new guidance rules, the prices of houses and villas have already escalated in several localities like Sarjapur and K R Puram. This has directly effected the number of sales. The purchases in such areas have dwindled. As per market analysis, there has been a hike of about 20% in the ongoing construction projects, thus further alleviating the woes of common buyers.

The capital market for property in Bangalore has gained momentum within the first quarter of 2013. Seeing the way the demand for real estate is intensifying, the prices are multiplying like never before. As per the market analysis, the capital rates can see a swelling of 10-100% in the coming months. This shall definitely go in favor of the investors (both local and NRIs), and the government authorities. With the demand treading an upswing road, the city is going to see a plentiful of new registrations. And with these, the government is all slated to rake in mullahs: the estimated revenue collected from stamp duty, cess, and other taxes is estimated to garner about 6500 crores!.

Till now, the capital value of residential properties in Bangalore was lowest if compared to that of Delhi, Mumbai, Hyderabad, and Chennai. But as per the present trends, the situation has changed. Some of the localities that are witnessing a huge price appreciation form part of South and Central Bangalore: Electronic City, Kanakapura, Uttarhalli, JP Nagar, and Jaya Nagar in South & Frazer Town, Cox Town, and Sagarpur in Cenral region are a few examples in this regard. In Central Bangalore itself, the price per sq ft (psf) is highest: Rs. 9272/- in the month of August. Those who are eying for apartments for sale in Bangalore in these localities, must know that a price appreciation of 25% has taken place over past one year. In the Easter region, psf value has got an appreciation of about 3%, while in North, a 6% hike has been noticed in the first quarter of 2013.

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Hike in Prices of Bangalore Residential Properties