Bangalore is the capital city of Karnataka and is also known as the Silicon Valley of India. Bangalore is the major IT hub and has one of the largest economies. It has a sound infrastructure and has an amazing transport system. It is one of the metropolitan cities in India and is very popular among investors.
Real Estate in Bangalore
Bangalore has the largest Information Technology hub in India. This city has a large number of MNCs and immigrants which boosts the real estate market here. The infrastructure of this city is amazing and there are a lot of growth projects in the process. This city gets a lot of interests of the investors. The price of real estate in Bangalore has been on a significant rise. The establishments of a huge number of IT companies in this city is the major factor of an increased number of people moving to this city. After the establishment of an international airport in the North Bangalore, the demand for real estate has risen there also. The other factors for the rise in the demand for real estate are elevated expressways, rapid commercial development and the setting of the electronic city in South Bangalore.
In the past few years, Bangalore has emerged as the city with the most active residential property market. The overall housing sales have been on an increase of 80% in the last two years. During the same period, there has been a decline of 44% in the number of unsold properties in Bangalore. Along with the rising sales, Bangalore has witnessed an overhang of residential inventory to fifteen months by the end of the first quarter of 2019 and from forty-two months bythe end of the first quarter of 2017, according to reports. The emergence of fresh properties has risen by 36% in the past two years. As compared to the other prominent cities in India like Pune, Chennai and Mumbai the overall growth of the real estate market in Bangalore is much more.
Offers on the real estate market
The various offers that are usually available are as follows:
- Fully-loaded flats
- Easy payment schemes
- Lucky draws and prizes such as cars, iPhones, gold or silver coins, etc.
- 10-25% off on ready-to-move inventory
- Free car parking
- Free membership
The best apartment options in Bangalore
There are a huge number of residential apartments in Bangalore which is available for sale. There are all types of residential apartments available from expensive luxurious apartment to affordable apartments. The list of the top apartments in Bangalore is as follows:
Prestige Pinewood, Bangalore, India.
Prestige Pinewood is situated in Koramangala, Bangalore. It has 2 BHK apartments. It is built upon an area of 1249 sqft and the average price is ₹12.5k per sqft. The average price is ₹1.56 crore and the EMI starts from ₹91.2k. Some special facilities available here are:
- Children play area
- Utility shops
- Cycling and jogging track
- Landscaped Garden
Vaishno Lotus, Bangalore, India.
Vaishno Lotus is located in Choodasandra, Bangalore 3 BHK and 2 BHK apartments. The starting price is ₹66 lakhs and the EMI starts from ₹44.1k for 3 BHK apartments and for 2 BHK apartments the starting price is ₹56 lakhs and the EMI starts from ₹34.9k. This is built on an area of 1410 sqft and the price is ₹4.68k per sqft. Some special highlights of this place are as follows:
- Swimming pool
- Cycling and jogging track
- Gated community
- North East side entrance
Rohan Akriti, Bangalore, India.
Rohan Akriti is located in Subramanyapura, Bangalore. This place has 1 BHK, 2 BHK and 3 BHK apartments. The price range is between ₹50 lakhs – ₹1 crore.
Ozone Promenade, Bangalore, India.
Ozone Promenade is located in Mahadevapura, Bangalore and has 2 BHK apartments. This place is built upon an area of 1365 sqft and the average price is ₹6.23k per sqft. It is one of the best apartments in Bangalore. The starting price is at ₹85 lakhs. There is an EMI option which starts from ₹49.7k. Some of the major highlights of this place are as follows:
- Children play area
- Landscaped garden
- Cycling and jogging track
- Rainwater harvesting
ShapoorjiPallonjiParkwest Phase 2, Bangalore, India.
ShapoorjiPallonjiParkwest Phase 2 is located in Jagajeevanram Nagar, Bangalore and it has 2 BHK, 3 BHK and 4 BHK apartments. The starting price is about ₹1.2 crore and goes up to ₹3.96 crores. EMI options are available here and it starts from ₹2.31 lakhs.
This was the list of the top apartment options in Bangalore but if you are looking for flats in Bangalore then given below is the list of the top 2 BHK flats in Bangalore:
Sobha Lake Garden, Bangalore, India.
Sobha Lake Garden is situated in Krishnarajapura, Bangalore. This place occupies an area of 1314 sqft. The average price is at ₹6.13 per sqft. The price of 2 BHK flats here is ₹80.55 lakhs and the EMI starts from ₹47k. The major highlights of this place are:
- Children play area
- Cycling and jogging tracks
- Gymnasium
- Landscaped garden
Celebrity Pride Avenue, Bangalore, India.
Celebrity Pride Avenue is located in Sarjapur-Attibele Road, Bangalore. The prices start from ₹29.03 lakhs and go up to ₹39.33 lakhs. The EMI starts from ₹24.5k. this is a very good option when it comes to finding an affordable place to stay and the facilities provided here are also great.
New Haven, Bangalore, India.
Situated in the Tumkur road in Bangalore, New Haven is one of the best places with 2 bhk flat for rent in bangalore. The prices lie between ₹38.5 lakhs to ₹65 lakhs. The EMI starts from ₹40.5k.
Brigade El Dorado, Bangalore, India.
Brigade El Dorado is situated in Aerospace Park, North Bangalore. The average rate is at ₹3.89k per sqft. The prices start from ₹35 lakhs and go up to ₹45 lakhs. The EMI starts from ₹28k.
Prestige Jindal City, Bangalore, India.
Prestige Jindal City is located in Tumkur Road, Bangalore. The average rateis about ₹6.66 per sqft. The price range is between ₹38.77 lakhs and ₹1.25 crore and the EMI starts from ₹72.8k.
