Bangalore’s real estate market is one of the most stable ones in the country. A market that is driven by the end-user, currently the supply is higher than the demand. This means that in terms of prices, Bangalore has something to offer for everyone.
In terms of affordable housing options, South Bangalore has been on home seekers’ radars increasingly. Although areas such as Jayanagar and Banashankari are well-known residential areas, their prices are usually above Rs 7000 per square feet which makes it unaffordable for those who are seeking low-cost homes.
In contrast, areas such as Electronic City, Kanakapura Road, JP Nagar and Bannerghatta Road have good homes to offer at reasonably low prices.
Electronic city is one of the major IT hubs of the city. Understandably, those who work in offices in the area have flocked to set up homes there. Infrastructure is reasonably good and social amenities such as schools, hospitals and stores are on the rise. The average price of properties in Electronic City is around Rs 3800 and rental rates are around Rs 15000.
Kanakapura is another up-and-coming locality in the southern area of Bangalore. Infrastructural developments have led to an increase in residential projects in the area. One of the most important developments has been connecting of Kanakapura Road to NICE Ring Road. In future it is expected that Namma Metro and Peripheral Ring Road will further boost the connectivity of the region. The realty rates here hover around an average of Rs 4800 per square feet. Social infrastructure is reasonably developed until NICE Ring Road.
Jaya Prakashnarayan Nagar or JP Nagar is a fairly popular locality in south Bangalore. Divided into 9 phases, the locality is known to be home to celebrities, sportspersons, politicians and other VIPs. The affordable sections usually are located around phases 7 – 9. The real estate prices are around Rs 4000 per square foot on average. The locality is well connected to and accessible by Jayanagar, Bannerghatta Road and Banashankari. Social infrastructure is very well developed in JP Nagar – schools, hospitals, stores, cultural spaces are all easily found here.
The buzz on Bannerghatta Road is unmistakeable. What was a quiet locality a decade back is today home to major IT offices, malls, well-known hospitals and theatres. Renowned educational institutions are also based on Bannerghatta Road. Infrastructural development is also quite good in the area. Home seekers flock to the area as the real estate rates are at an affordable average of around Rs 5000 per square feet. Connectivity to the rest of the city is also pretty good.
When people speak of real estate development in Bangalore, more often than not, areas such as Whitefield and Sarjapur are mentioned. That is quickly changing with the emergence of these localities in south Bangalore.
Want to know what options you have in south Bangalore? Visit www.roofandfloor.com and let us show you some impressive offerings.
