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.

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.