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.
Splendid Plaza
- Location: Vadsar, Ahmedabad
- Area: 230 sqft ,261/sqft
- Specifications: 1(Out of 4 Floors)
- Developers: Tata Value Homes
Ozone India Ozone City
- Location: Nava Naroda, Ahmedabad
- Area: 1053 sqft to 1566 sqft.
- Specifications: Residential apartment with 2,3 BHK Flats
- Developers: Ozone
Indiabulls Vatika
- Location: SG Highway, Bopal
- Area: 896 Sq. Ft (Saleable)
- Specifications: Independent villa/house with 2 BHK bedrooms
- Developers: Indiabulls
Low cost residential housing in Bangalore
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.
Indiabulls Centrum
- Location: Saraspur, Ahmedabad
- Area: 528 Sq. Ft to 900 Sq. Ft
- Specifications: Residential apartment with 1, 2 BHK
- Developers: Indiabulls
Godrej Vrindavan
- Location:Near Nirma University On SG Highway, Ahmedabad
- Area:528 Sq. Ft to 900 Sq. Ft
- Specifications: Independent Villa/house with 1, 2 BHK
- Developers: Indiabulls
Adani The Meadows
- Location: Near Vaishno Devi Circle On SG Highway, Ahmedabad
- Area: ₹3,675 Per Sq. Ft
- Specifications: Independent Villa/home with 2, 3 BHK bedrooms
- Developers: Adani Realty
Real Estate in Ahmedabad: Overview
Although most of the residential flats fall under the affordable housing project in Ahmedabad, there are also flats that are built by private promoters and builders which are considered as low cost homes in Ahmedabad. The rates of the flats start from 15 lakhs and go up to 30 lakhs depending on the number of square feet, bedrooms per house, and the other facilities that are available. Budget housing in Ahmedabad is more on the eastern part of the city than the western part. In eastern Ahmedabad you also get flats as low as Rs 10 lakhs for 2 BHK . Land rates in the east rises from Rs 7,000 to Rs 9,000 per square yard as compared to Rs 15,000 per square yard in western Ahmedabad. This is one hint that the prospective buyer who wishes to purchase a budget or cheap home should look in the places located east of Ahmedabad.
The low cost housing in India- Ahmedabad is therefore a sought after one and especially among the crowd that is residing in the city because of professional and career related requirements. For such people luxurious homes are not necessary. Ahmedabad is also home to the top institute for management education in India, IIM-Ahmedabad. This place invites students from all over the country.
Low cost housing projects in Ahmedabad
There are several housing project initiatives taken by the state government and the Municipal Corporation of Ahmedabad that would improve on the dwelling standards of the low income group in Ahmedabad. One of the private initiatives that was sourced from Ahmedabad was the Radhe Infrastructure & Projects (India) Ltd that offered to develop ‘Radhe Armaan’, a residential colony at Santej, around 8 km from Ahmedabad The project will offer 6,210 apartments of 675 square feet each.
The colony will provide all essential facilities such as school, hospital, shopping complex and recreation to the middle income group. The low-cost apartments will be available with full loan facility from the contractors. Other ongoing projects that plan to develop low cost housing in India- Ahmedabad homes are ‘Emerald Park’- a project of luxurious farmhouses and ‘Olympus Mall’.
Another project that is aimed at providing low cost apartments in Ahmedabad either on ownership or rental basis is that of Santosh Associates and would be priced from Rs 3.5 lakhs onwards for 1BHK and Rs 5.25 lakhs onwards for 2BHK, the flats have space of around 58 square yard and 75 square yard.
The colony will provide all essential facilities such as school, hospital, shopping complex and recreation to the middle income group. The low-cost apartments will be available with full loan facility from the contractors. Other ongoing projects that plan to develop low cost housing in India- Ahmedabad homes are ‘Emerald Park’- a project of luxurious farmhouses and ‘Olympus Mall’.
Another project that is aimed at providing low cost apartments in Ahmedabad either on ownership or rental basis is that of Santosh Associates and would be priced from Rs 3.5 lakhs onwards for 1BHK and Rs 5.25 lakhs onwards for 2BHK, the flats have space of around 58 square yard and 75 square yard.