Great Living Engineered
As real estate prices are soaring, it is very much necessary to know where to put your money. If you have been in Bangalore for a while now or are planning to stay put, in fact even as just an investment, this is the perfect city to buy a flat. So if you have made up your mind on buying a flat, this article will be your guide to choose the perfect locality.
The city is expanding in all direction. The outskirts of Bangalore have now developed much beyond comprehension. That being said, some localities have been the unquestionable hot spots for buying a home due to multiple factors. Here are five of the best localities where you can find flats for sale in Bangalore.
Kanakapura road, approximately 50 kms from the central city, on the south of Bangalore, is one of the most sought after areas. Its closeness to the developed regions such as JP Nagar, Jayanagar and Banashankari compliments its appeal. The most attractive quality of this locality is that the roads here have a substantially lesser traffic density as compared to the Mysore road just adjacent to it. There are well-known educational institutes here such as Delhi Public School, Kendra Vidyalaya, Dayanand Sagar and Narayana. Some of the convenience store in and around this area includes Sports mart, Metro Cash and Carry, Heritage fresh and Desi Partha. A couple of high-end projects are also on their way. Soon this region will have Metro too. In spite of these factors, the rates here are quite nominal in the eyes of Bangalore standards and the primary benefit is the availability of Cauvery water. The prices have climbed from Rs 2805-3187/sq ft to Rs 4,080-5,227/sq ft over the past three years.
Located about ten kms from the city centre, Hebbal sees the most fleeting commercialization. With Whitefield and electronic city running out of industrial space, Hebbal is attracting a number of IT companies such as IBM, Integra Micro Software Services and Phillips. The flyover projects have contributed to the excellent connectivity with various parts of the city as well as the highway. In fact, it is well connected to the International airport too. Hebbal also boasts of an iconic flyover in the country, well-maintained parks, the famous Hebbal Lake with boating and bird watching facilities. Almost all big real estate names are found in this area. Along with the on road connectivity, Hebbal also has a small functional railway station. The infrastructure here is very well planned to accommodate the population boom in the future. Some of the educational institutes found here include Eurokids, Narayana and Young Scholars Academy. As for the tiny tots, there is Blooming Flowers Preschool and Bright Kid Montessori. For daily shopping, one can head to Nilgiris supermarket or More retailers among many others. This area also has many hospitals and clinics such as Apollo, Shirdi Sai, MIDS and Bangalore Baptist. The rates here have climbed from Rs 3,485-4,590/sq ft to Rs 5,185-6,587/sq. ft. over the past three years.
Sarjapur Road is the upcoming city hub about 21 kms from the original city centre. Due to the vigorous construction, this area had seen a drop in real estate prices. However, Sarjapur has its rates soaring high currently. Again, another future IT hub and the new favorite among the big builders. Sarjapur is to see a complete change of phase with the outer ring road proposal that is planned to connect Tumkur Road to Hosur Road, cutting through Sarjapur Road, touching K.R Puram and Bellary Road. This project will provide connectivity between north and south Bangalore while avoiding the jam packed ring road. Krishna Polytechnic College, Milani School and CMR Gandhi School are some of the educational institutes found here. This area has also seen an increase in the number of convenience stores around such as Gayathri Shopping Complex, Food Basket, Patanjali Store and Balaji Super Market. For all your sports needs, Sarjapur has its very own Decathlon. This area also has some temples and churches. While there are no major hospitals here, few clinics are available such as Life Line Health Care and Smile Care Dental Clinic. The property prices have hiked from Rs 3,060-4,505/sq ft to Rs 4,207-5,525/sq ft since 2014.
The most significant IT hub of Bangalore, Electronic city has witnessed an unforeseen growth over the last few years. Initially, Electronic city was to be the city of electronic industry in Bangalore and today, it is one of the largest electronic industry parks in the country, spreading over 800 acres. Over time, it has developed into a commercial cum residential area. The area is divided into phase 1, phase 2 and phase 3. Each phase provides all the necessary facilities. Along with housing some of the significant MNCs, this locality is attracting everything from average range projects to the luxurious ones. The electronic city is also expecting Metro connectivity soon. A resident of this region need not look far for educational institutes, supermarkets, hospitals and recreational spots. This area has a large number of restaurants and pubs such as Aura, Barbeque Nation, Rasoiya Social and Kettle on. The nightlife here won’t disappoint one either with lounges such as Hit Wicket and Rural Blues. It also has an exceptional connectivity to all parts of the city. With the extreme urbanization, the only downfall here is the traffic. However, in spite of being a sought after locality, it is quite affordable. The flats here are priced in the range of Rs 2,848-3,442/sq ft in phase 1 and Rs 3,358-4,420/sq ft in phase 2. The prices in the Electronic city are predicted to soar high within five years.
Whitefield located in east Bangalore is about 23 km from the city centre. Established by the Anglo Indians of Bangalore, it was once a quiet and blissful neighborhood. However, since the year 2000, with the entry of the IT industry, there was a complete change of face. It has also become a magnet to the big names in real estate. Whitefield is sprawling with restaurants and hotels such as Barbeque Nation, Marriott, Zuri and many more. Phoenix Market City is one of the largest malls of Bangalore. Excellent connectivity to the central city and the upcoming metro project makes the distance from the town beatable. Whitefield houses the nucleus of Bangalore IT industry, ITPL. Once again, the only downfall here is the unpredictable traffic. The current rates here lie in the range of Rs 4,122-5,398/sq ft. The rates escalated from Rs 2,975-3,655/sq ft during 2014.
Buying flats in Bangalore has greatly been simplified with everything available online from the outlook of the locality to the ever-changing rates. From an investment point of view, particular regions have seen almost doubling of prices within the short span of 5 years. All said, it is advisable to do your research and find the most suitable flats for sale in Bangalore, the Silicon city of India soon.