Posh areas in Bangalore for Residential Housing

Bangalore being the silicon valley of India has always been proud of its diversity with many Indians from all across India and all over the world coming to the garden city to earn an honest living and experience the culture the city has to offer. With its fast advancement in infrastructure and technology, Bangalore has slowly become a super city in itself. There are certain parts of the city which cater to the working professionals and certain parts of the city which still has the quaint, rustic old part of Bangalore which is what makes the city of Bangalore a great place to reside in. From braving the hustle and bustle of the traffic in the city to enjoying the calmness and greenery in other parts is truly what the city of Bangalore is.

The land rates in the city have dramatically increased over the years due to its rapid development and there are certain posh residential areas in Bangalore city where only the affluent generally reside. Those areas in Bangalore are Rajajinagar, Malleshwaram, Richmond Town, Benson Town, Ulsoor, Basavangudi, Koramangala, Indira Nagar, Cooke Town and RMV Extension where the land rates are higher than other parts of the city where the average rate for square feet would be from 9000 rupees to about 12,000 rupees.

Even though Bangalore has advanced rapidly there are still few quaint localities which are family friendly as they are close to commute to places like schools, hospitals, hotels, malls and holy institutions. Places in the city such as Malleshwaram, Indira Nagar, Bannerghatta Road, Jayanagar, JP Nagar, Banashankari, Rajajinaragr, Vijaynagar, HBR Layout, Kalyan Nagar, Fraser Town, Bommanahalli, Ulsoor, Basavanagudi are some of the places where there is also frequent transport services plying so you can get to your work or any other occasion.

Even though Bangalore has an umpteen number of Technology Park’s there are still a few sight-seeing locations in the city which capture the essence of old Bangalore. Places like the Bangalore Palace, Lalbagh, Iskcon temple and Bannerghatta National Park are few of the iconic locations present in the city. So there is something to offer for tourists. The best places in the Bangalore for tourists to stay in would be in areas like MG road, Koramangala, Indira Nagar as these locations are at the heart of Bangalore city.

One of the oldest and costliest areas in Bangalore to reside in is Sadashivnagar which runs from Mekhri Circle in the north to Bashyam Circle a little way south. Many prominent figures like movie actors, politician’s, entrepreneurs and industrialists live there. This part of Bangalore still preserves the tradition and heritage of the old Bangalore society.

Being the IT hub of India many working professionals come from all over the world and the rest of India to work here and since they travel alone without their families they prefer to stay very close to their work space to avoid the large amounts of traffic and pollution. And these are the best places to live in Bangalore for IT professionals like Marathahalli, Hebbal, Whitefield, Sarjapur, Old Madras Road, Outer Ring Road, Domlur, Koramangala, ITPL, Electronic City and HBR Layout as all these locations are close to several IT parks around the city and have excellent public transport service which makes it easily commutable for them.

The city of Bangalore is only going to get more developed and with many real-estate companies identifying the potential this city has to offer, they are constructing projects to cater to the advancing development. And with the residential market gradually picking up its pace it could spell good news for the real-estate companies in Bangalore.

Bangalore Tops The List of Realty Destinations

Bangalore is at the top of the investment destination in the property market among all the Indian cities. Reports say that the private equities that have been invested in the Indian real estate market from the year of 2013 have been of the order of $ 51.5 million. Out of that about 13 percent of the investment that is about Rs. 44, 450 crores have been invested in Bangalore real estate. Bangalore now stands at the 20^th position in terms of global investment and in terms of global preferences. New Delhi stands at 34^th position and Mumbai at 42^nd as per the estimates of Jones Lang LaSalle (JLL). Along with that in the survey made in the earlier months of this year Bangalore stands at the top 20 technology rich cities of the world too. 

It is a fact that when it comes to the real estate volumes London, Tokyo and New York always tops the list in commercial real estate. In the Asia Pacific region the cities that ranked very high in the direct rolling of real estate investments are Singapore, Tokyo, Seoul, Sydney, Hong Kong and few others in the second quarter of the year 2015.

 In case of Bangalore the IT Parks and the SEZs that offers leased office spaces and assets attracts significant interest from the investors all over the world. This is significantly low risk but has high occupancy levels with a stable rental yield too. The office space absorption of Bangalore has witnessed the highest rate this year surpassing all the cities. The experts opine that this along with simultaneous job creation would definitely add to the growth of residential space absorption.

 The experts point out that as a thumb rule for every absorption of 100 sq. ft. of office space or commercial space there is a demand of 600 sq. ft. of residential space or area. Bangalore has already established itself as the biggest market of commercial space and so the residential absorption is bound to improve. According to a recent report there was an estimate that the residential sales are falling although commercial space absorption's are at all-time high. The reason attributed by the experts are that there may be generation of job but the average salary provided are not enough to invest in the real estate segment which requires high investment. But the experts still contend that as the industry prospers and time passes by the situation in the residential segment is bound to improve proportionately. 

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Nowhere in the history of real estate of Bengaluru was a fair or a mega sale of apartments arranged with so low priced apartments and that too the buyers are encouraged by Dreamz GK to verify the builder in a seven step process. Visit their past and existing projects and then take a decision after talking to the past customers. This is a great relief for the buyers as builder’s back ground verification is an important part of the process of buying apartments. Dreamz Infra even gives you a chance to meet the land owners in case the land is developed in joint development. There is a legal team which will help you to see and verify the documents too. You can get it verified as well.

 

Such an opportunity is given by the developer who is considered as the mother of affordable housing in Bengaluru. The mega sale is the offer of the week which the company announced and the company sources say that there are increasing enquiries and sales going on as this is the first of its kind offer given by any real estate company of Bengaluru.

The apartments are available at all the corners of the city like Electronic city,Whitefield ,Sarjapuara ,Marathahalli and are available in the sizes of 1, 2 and 3 BHK units. These apartments have all the modern amenities too like gymnasium, community hall, security, elevator, power back up and many more. If you talk of quality that can be verified from the past customers of Dreamz Infra and moreover the buildings of Dreamz Infra comes with free service warranty as well. The specialty about prices need not be mentioned separately as Dreamz prices are always 40 to 50 percent lower than the market prices. So the best option for people looking for their desired homes within their budget would be to call immediately and opt for a free site visit. We are sure you will like and book the apartment.

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HSR Layout can yield hefty returns on investment

No doubt Bengaluru is a city of events and is changing fast with the property prices going up and the rental prices also following in tandem. Of late the rental prices have escalated more than the rise in property prices according to various estimates.  This could be a chance for the investors and if one is thinking of investment or if one wants to be an end user. Few areas are lucrative from both aspects. Just in case if you want to stay in the house bought by you, you have to keep that provision too. Considering all these factors one should choose an area which is rich in infrastructure, has high job generation in the micro-market and has demand in the rental market. There are quite few areas like these in Bengaluru the preference and population of which is increasing day by day.

One such location is HSR Layout which various indexes point out is in the list of most preferred location for sale and even for rental accommodation. The budget needed for this area may be a little more but the realtors opine that anywhere between Rs. 40 lakhs to Rs. 2 crore can fetch you a spacious home. And additionally if you plan to rent this house you could manage anywhere between Rs. 15, 000 to Rs. 1 lakh. Although most of the rental prices come in the range of Rs. 35, 000 to Rs. 50, 0000 the property values can vary depending on the location and the amenities available. But on the whole HSR Layout commands a premium rent on account of the neatness of the area which is well planned and proximity to the IT hubs and the central city regions like Koramangala, Indiranagar and even the BTM Layout and Electronic City.

The city based brokers and consultants opine that HSR Layout is gaining quick grounds in terms of commerce and it’s the most preferred destination of commercial real estate too. Techies who are employed in the IT corridors of Sarjapura and the Electronic City have high preference for HSR Layout although the statistics say that most of the properties are rented within Rs. 30, 000 per month. It is being noted by the consultants and the market watchers that senior management personnel of the top corporate offices and the traditionally rich who has a base in other parts of Karnataka have been the most of the population in this area.

The consultant remarks that although HSR Layout may be a costly option for the investor but the benefits and the return on the investment is high. In course of time the return on investment is bound to increase as the area is growing up in all aspects and is certainly an investor’s paradise.

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