Sunday, August 3, 2014

Bangalore: You can still Buy Flats under Rs 30 lakh

Looking to purchase a home with a budget constraint of less than Rs 30 lakh? We at Discounted flats, provide you with options to choose from. As per our on-going information collection and research, there are four localities in Bangalore where you can take your pick.

See properties in Bangalore under Rs 30 lakh

Electronics City

One of the well-connected micromarkets in Bangalore, it is desired by the IT segment primarily due to it is proximity to the number of offices in Phase I and II. The locality has about 144 new projects coming up in the below Rs 30 lakh price range, the largest number of options in the city.

See locality Profile of Economics City

Most of these are 2BHK units with a few 1BHK options thrown in, with a covered area ranging from 630-1200 sq ft approximately.

Amenities-wise, most of them provide basics including ‘gated with security’, water from borewell, electricity back-up and common family entertainment areas, the society developed flats offer a multitude of facilities. These include a club-house, gym, swimming pool and a community hall. Other facilities that builders provide may include Wi-Fi and intercom.

Begur Road

Begur Road is well-connected to various leading roads in the location. This includes Hosur Road, Bennergatta Road and Jigani Road. The area witnessed an impressive 17 per cent increase in real estate values in the Jan-Mar 2014 alone.

Begur Road has about 110 new projects that are currently in various stages of building. The average rate is in the range of Rs 1500-1800 per sq ft with a covered area of approximately 600-1000 sq ft.

Amenities vary from basics such as power back-up, 24-hour borewell water, underground parking and security to high-end facilities such as pool, clubhouse, visitor parking, laundry service and DTH facilities.

Sarjapur Road

Though development in this area started later as compared to other localities, it is now hot property. Sarjapur Road surged forward on account of its proximity to the IT clusters around Madiwala, Outer Ring Road (ORR), Whitefield and the Marathahalli-Sarjapur stretch, as also commercial developments along the road.

Though the development has been haphazard, it has a lot of projects catering to a number of segments. Currently, it has about 44 new projects that are in various stages of improvement.

The location has a good mix of 1 and 2BHK units in the below Rs 30 lakh budget. While the 1BHk units come with a built-up area ranging from 500-800 sq ft, there are a few projects also that offer 2BHK units with a covered area of 800-1100 sq ft.

Whitefield

One of the fastest developing micro-markets in Bangalore, Whitefield has a plethora of new projects in the set budget.

Although the number of 2BHK units is slightly more than the 1BHK units, the floor area for both ranges largely from 600-1100 sq ft. Thus, the 1BHK apartments in this location are comparatively more spacious.

It also has several upcoming infrastructure projects and lifestyle amenities.

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