As Bangalore is India’s major Information Technology (IT) hub, the number of migrants to the city has been increasing over the past few years. As a result, the demand for residential properties has increased remarkably in the metropolis. Besides, the developments in terms of infrastructure and connectivity have also a played a major role in booming the real estate sector in Bangalore. Especially, the outskirts of the city have been witnessing a heap of real estate developments in recent times. The extension of Namma Metro line is also playing major role in flourishing the property markets of several suburbs of Bangalore.
If you are planning to buy a home in Bangalore within the budget of 50 lakhs, the following areas would offer multiple housing in this price segment;
Malleswaram is one of the oldest residential hubs in Bangalore, which is bounded by serene surroundings and lush greeneries. Also, the locality is also renowned for several for its rich cultural heritage, as well. Alongside, the locality has the presence of good social infrastructure in terms of reputed educational institutes and healthcare centres. When compared to other micro-markets, property prices are quite affordable in this region. Thus, the locality lures many mid-income groups to buy residential properties in this region.
Located in the fringes of the Bangalore city, Hebbal is yet another upcoming micro market which has been witnessing tremendous real estate developments. With the India’s largest flyover passing via this region, the locality enjoys seamless connectivity to rest of the city. Also, this is one of the major factors that drive the real estate sector of this region. Apart from connectivity, the locality is also witnessing many developments in terms of social and physical infrastructure. Eventually, these developments have made this locality the most demanded residential hubs in Bangalore. Since the property prices are reasonable here, the locality witnesses a huge demand for residential properties. Especially, the demand has been for 2
Although Whitefield is the emerging Information Technology (IT) hub of the country, the locality still offers residential properties within the price of bracket INR 50 lakhs. Apart from development of several IT companies, the locality also witnessed a rapid growth in terms of infrastructure and connectivity, as well. All these factors have encouraged many developers to come up with new residential projects in this region. Some of the ongoing projects in Whitefield include Desai Radiant, Whitestone Rosario, Whitestone Milano, UKN Belvista and much more.
With the upcoming developments in this region, the capital values are expected to increase in near future. Thus, investing now in Whitefield is good choice for property investment.