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Low Cost Housing in Bangalore


As far as the Bangalore housing market is considered, there have been distinct and varied trends. There are no two phases where the housing prices remain stable or constant. The reason observed for this mostly by the real estate agents and realtors are that people have unique intentions and choice of locations when it comes to buying and selling of their property. Moreover, the low cost housing in India- Bangalore mostly remained restricted in certain places like Whitefield, Malleswaram, Krishnarajapuram, and Yashwantpur. It will be however wrong to think that these places are not developed, as the latest housing projects in Bangalore are largely concentrated in these areas. While you are looking into the low cost housing in Bangalore we introduce you to both the commercial and residential markets.
 

Bangalore low cost commercial housing

 
Bangalore like Mumbai is a huge financial and business center and a fast developing Information Technology hub. Bangalore is among the tier I city that includes Delhi and Mumbai as well. Outsourcing service divisions are largely concentrated here. Therefore commercial real estate business here is already experiencing a great boom. The office market occupies around 28 million square feet and is comparatively of higher quality. It can also be safely concluded that the commercial real estate market in Bangalore is highly priced as well especially those of the A-class and B-class office stock. The secondary centers of offices like Hosur Road, Hebbal, and Indiranagar are cheaper than that of Bangalore Electronic City. Rents for shops and small office around Hennur and Krishnarajapuram would be something between Rs 8,000- Rs 10,000 per month for a space of 750- 900 square feet. 
 

Low cost residential housing in Bangalore

 
If you purchase a flat or home and willing to sell it later at higher prices then you are opting for a worthy deal. As even the low cost properties in Bangalore have a high appreciation value attached with it. As low cost homes in Bangalore are available in selective areas, the homes and apartments near Brigade Road, MG Road, Church Street, Cunningham Road, JP Nagar, and Jayanagar have skyrocketing prices. They are no way affordable ones for someone who is willing to settle within a low budget. The newly developed places like Augodi is where affordable homes in Bangalore are available in plenty. The residential houses on sale in Tumkur Road however have house listings on sale from Rs 11 lakh onwards. The Devanahalli International Airport region that is fast developing has 2 BHK homes and apartments ranging from 700-950 square foot priced at Rs 10 lakh onwards. If you can move towards Hoskote, there are apartments which have rooms above fourth floor costing you around 15 lakhs.
 

Future of low cost housing market in Bangalore

 
The real estate market in Bangalore has always manifested great opportunities for both a buyer willing to buy low cost homes and luxurious estates. The growth in corporate sector and educational institutions has also made Bangalore a hot pursuit for young graduates, professionals, and students. This is one reason that the lease-out-properties are also in demand and an important part of low cost housing in India- Bangalore. Those who stay there for few months to a year can go for the rental facility as well. Peak location rents are higher than that of areas far from the vicinity of colleges, offices, and other commercial centers. Building contractors are creating wonders with housing projects towering all over the city and outskirts of Bangalore like in Basavanagudi, Chamarajpet & Mysore Road, Whitefield, Malleswaram- Rajajinagar, and Old Madras Road. 
 
The various affordable housing project in Bangalore has also encouraged the growth of low budget homes there. One such affordable housing project was introduced by CSC Constructions. The company has launched 3 projects in the IT city, where one can buy 300 square feet apartments for just 5 lakh rupees. The 2,000 apartments on offer also boast apartments of up to 800 square feet, which are priced at around Rs 13 lakh.