Housing in Bangalore
Bangalore over the past few years has earned the name of IT hub for itself. At the present moment in Bangalore a tremendous innovation is going on in the field of IT and ITES and the city is one of the most desired professional destinations for all. This continuous economic expansion in Bangalore has given rise to the real estate developments and various real estate projects.
Popularly known as the housing companies, these realtors or the builders are the people who are responsible for providing optimum commercial and residential space to various customers. Housing in Bangalore, now comprises of the numerous options in commercial and residential projects that are being provided by the city’s national as well as the regional builders.
Real Estate Prices in Bangalore
Bangalore is known and said to be Asia’s growing cosmopolitan city, and is the most coveted destination for major IT giants. The boom and expansion in the IT/ITES has accelerated growth of the city’s real estate sector too. The list below provides some important changes in the property prices as of February 2010
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Rental Value
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Locality
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Apartment 3 BHK (Rs/Month)
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July-Sep 09 (%)
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Feb 10
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Current(5)
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-51 to -20
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10000- 25000
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South (5)
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6 to 20
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12000-35000
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East (13)
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0 to 4
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10000-100000
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North(12)
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-5 to 4
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12000-200000
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West (4)
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0 to 6
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12000-150000
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Capital Value
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Locality
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Apartment (Rs/sq ft)
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Plot (Rs/sq yard)
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July-Sep’09 (%)
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Feb’10
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July-Sep’09 (%)
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Feb’10
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East (13)
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0 to 53
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1500-10000
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-11 to 2
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13500-100000
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North(12)
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0 to 63
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4000-15000
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1 to 18
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30000-270000
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Central (5)
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-31 to 67
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2000-4500
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-34 to 27
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18000-90000
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West (4)
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-33 to -13
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2000-8500
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-3 to 13
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20000-135000
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South (5)
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-47 to 54
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2000-5500
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-26 to 0
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18000-50000
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Realtors and Real Estate Groups in Bangalore
Apart from being the center of information technology in India, Bangalore is also the hub for realty. Prices of property in the city are amongst the highest in the entire country. The speed at which the housing projects are being developed by the builders and realtors in Bangalore is unparalleled as compared to other parts of India. Some of the most successful and eminent real estate builders from Bangalore are listed below:-
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Brigade Group
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Sobha Developers
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Prestige Group
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Adarsh Developers
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Purvankara Group
Popularly acclaimed as the “Silicon Valley of the East”, Bangalore is the headquarter zone for all the major IT names in India. This naturally results in the increased demand for office spaces, IT parks and other business technology parks.
The Property builders in Bangalore are working towards bringing in a number of housing and commercial projects to cater to people’s demand for housing space. Builders and realtors of the city are working towards developing the areas in Bangalore that are beyond the city limits. Housing in Bangalore has taken a new development curve with several builders foraying to deliver their best to the consumers.
Housing Projects in Bangalore
Bangalore harbors several builders who are undertaking housing projects for different income groups in the form of apartments, houses, bungalows and the like. Some of the housing options and projects are given below:-
Residential Enclaves in Bangalore
The residential enclaves in Bangalore would include:-
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Hamlet by Vakil Housing
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Gardenia by Raja Housing, situated near Thuralli
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Seasons by Citilights located in Sarjapur Road
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Whispering Woods by Vakil Housing located in Off Hosur Road. Approximate price being between Rs20-25 lakhs
Row Houses in Bangalore
One of the most famous and desirable row houses in Bangalore is the Royal Garden developed by the Royal Indian Raj International Group, beside the Devanahalli international airport. The structure belongs to the category of 4BHK.
Apartments in Bangalore
Some of the major housing apartments in Bangalore for the average income group can be listed as below :-
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Harmony by Akme Projects located in Outer Ring Road having 2-3 Bedrooms
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Encore by Akme Projects having 2-3 Bedrooms
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Ballet by Akme Projects located Outer Ring Road having 2-4 Bedrooms. The area is between 1200-3200 sqft
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Paradiso by Skyline Constructions having 2-3 Bedrooms
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Four Seasons by Windsor Garden, located in Off Bannerghatta Road behind Meenakshi Temple. The structure is that of 2-3 Bedrooms with an area of 1674-1852 sqft
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Paradisso by Skyline Constructions having, 2-3 Bedrooms
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Champagne Hills by Skyline Constructions located in Off Bannerghatta Road, J P Nagar 8th Phase having 3 Bedrooms of 1418-1623 sqft
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Ambrosia by Skyline Constructions located in Off Ring Road behind PES Engineering College, Banashankari having 2-3 Bedrooms
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Power Tower by Sethna Group located in Off Banaswadi Ring Road, Kalyan Nagar having 2-4 Bedrooms of 1300-1600 sqft
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R K Atlantis by Skyline Constructions located in Old Madras Road, KR Puram, having 2-3 Bedrooms
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Ashima by Rohan Builders, Brookfields having 3-4 Bedrooms of 1840-3000 sqft
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Gypsophila by Oceanus Dwellings, Between Brookfields and ITPL having 2-3 Bedrooms of 1050-2800 sqft
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Jharoka by Rohan Builders, Behind HAL Airport having 2-3 Bedrooms of 1520-1720 sqft
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Red Rock by Oceanus Dwellings, Off Outer Ring Road in Rammurthy Nagar/Hormavu having 2-3 Bedrooms, 1092-1695 sqft
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Monarda by Oceanus Dwellings, between Sarjapur Road and Outer Ring Road, having 2-3 Bedrooms of 1158-1782 sqft
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Ebony by Oceanus Dwellings, between Sarjapur Road and Outer Ring Road, having 2-3 Bedrooms of 1067-1359 sqft
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Promenade by Elita (Keppel Purvankara), located J P Nagar 7th Phase, having 2-3 Bedrooms of 1365-1790 sqft
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Euphoria by Corporate Leisure, Outer Ring Road/Sarjapur Road intersection, having 2-3 Bedrooms, of 1249-2064 sqft,
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Sun City by Corporate Leisure, located at Outer Ring Road/Sarjapur Road intersection, having 2-3 Bedrooms
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Legacy by Citilights located at Outer Ring Road having 2-4 Bedrooms of 1340-2580 sqft
At the same time, there are Villas too that potential buyers can opt for. Some of the renowned names in the villas are:-
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Silicon Valley by the Concorde Group, behind the electronics city.
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Sylvan View by the Concorde Group, located at the Off Hosur Road, of 1750 – 2270 square feet.
With the rapid and social economic growth in Bangalore demand in the residential and commercial projects too has increased over the years. Housing in Bangalore, has now all the lucrative options for the LIG, MIG and the HIG.