Bangalore, once regarded as the best city to live in, in India, due to its gardens, lakes, and fresh air is now rated as one of the most expensive as well. The cost of basic necessities like vegetables, groceries, petrol, utilities, and entertainment is much higher in the tech capital, thanks to rapid expansion and population explosion.
One of the byproducts of progress and wearing the cosmopolitan tag is soaring property prices. Bangalore is one of the least affected cities in the severe property slump that India is trying to limp out of, attesting for a robust market and moneyed buyers.
But Bangalore does have pockets, especially along its constantly broadening edges, where buyers can seek out affordable homes. If you are a working professional looking for a no-frills, budget home for your small family, then here are five areas that you could focus on.
Once a village made up of sprawling farmland, Horamavu has rapidly turned into one of the most sought-after residential areas in Bangalore. Being close to prime neighbourhoods like KR Puram, HRBR Layout, and Banaswadi, Horamavu occupies a desirable location. The KR Puram and Baiyappanahalli railway stations are nearby as is the Baiyappanahalli metro station, which eases travel for Horamavu’s residents.
Horamavu has excellent educational institutions including the Deva Matha Central School, New Millennium School, and St. Vincent Pallotti High School. It also has good options for healthcare, including NMPC Hospital and Cloud Nine. Horamavu is located just 10 kilometres away from Manyata Tech Park, 13 kilometres away from ITPL and the Wipro Corporate Office.
Property prices in Horamavu range from Rs 1,600 to Rs 8,400 per sq. ft.
Located around eight kilometres away from Electronic City, Chandapura was previously an industrial area. With the rise of Electronic City as a commercial centre, Chandapura became increasingly attractive to professional workers due to its proximity to numerous employment opportunities. Well-known real estate brands zoomed in on the area post-2011, and today it’s a sought-after location for those working in Electronic City.
Chandapura is very well-connected being close to NH7. The Chandapura bus stand is well-networked, and there is a railway station close by. It has reputed educational institutions like Nazareth School and Green Dot Montessori as well as options for healthcare like Sri Chakra and Athreya.
Property prices here currently range from Rs 2,100 to Rs 6,300 per sq. ft.
Kengeri once consisted of vast farmlands filled with coconut trees and has a history going back to the time of Cholas. Known as Kengeri Satellite Town, the area came under the purview of the Bangalore Development Authority several years ago. But it gained prominence and became a buzzing micro-market only after the development of industries and educational institutions along Mysore Road, where it is situated.
Kengeri is conveniently located just 15 kilometres away from Bangalore city and is well-connected by NICE Road, Outer Ring Road, and the Bangalore-Mysore highway. The Kengeri railway station connects commuters to Bangalore City Junction and beyond, and work has already begun on the extension of Namma Metro from the Mysore road terminal to Pattanagere. Kengeri has excellent educational institutions like Kengeri High School and Carmel Public School as well as options for healthcare like BGS Gleneagles and Mathru Hospital.
Property prices here range from Rs 2,800 to Rs 8,700 per sq. ft.
Begur, once considered as the outer edge of Bangalore, is today becoming an increasingly preferred micro-market and suburb. Once a prominent town during the reign of the Cholas, Begur is known for its thousand-year-old temple and a fort that has inscriptions with the earliest reference to the name ‘Bangalore.’
Begur is situated on NH7, off the Bangalore-Hosur highway and is connected to other important areas like Jigani, Electronic City, Bannerghatta, and Bommanahalli via direct routes. Its proximity to prime areas like Koramangala and Electronic City, which are just 7.8 kilometres and 6.5 kilometres respectively has considerably pushed up the demand for property.
Begur has good schools like VIBGYOR and St Francis, and well-known hospitals like Ramakrishna Smart Hospital and Jayashree Multispeciality.
Property prices in Begur range from Rs 2,900 to Rs 10,500 per sq. ft. and offer affordable, mid-range, as well as premium options for homebuyers.
Gottigere is situated along Bannerghatta Road and is one of the fastest-growing areas for property investment. It is a prime location given its proximity to IT hubs like Electronic City and Koramangala and the presence of several other well-known companies in and around Bannerghatta Road. The Red Line of the Namma Metro, which is under construction, will connect Gottigere to Nagawara, and is expected to reduce travel time to a great extent for residents.
Gottigere is 13 kilometres and 17 kilometres away from Majestic and the City Railway Station respectively. The presence of educational institutions like National Public School and Radcliffe School along with healthcare facilities like Vijayashree Hospital and Vinayaka Hospital makes Gottigere a plum spot for families looking for an affordable property with good social infrastructure.
Prices in Gottigere range from Rs 2,900 to Rs 8,300 per sq. ft.