Bangalore has proved to be a lucrative haven for home buyers. Largely owing to a number of market drivers such as booming of the IT/ITeS sector that ensures strong macroeconomic dynamics making the place most suitable for migratory settlers. To cater to this growing demand of affordable housing leading lenders such as NBFCs and financial institutions offer high value home loan for home buyers. You can learn more about them online or by having a word with their Relationship Manager.
Here are top three locations for buying luxury apartments in Bangalore –
This is the newest entrant in the list of most profitable locations of the city. Currently, the average price is Rs 5,400 per sq. ft.. It has witnessed an appreciation of 36%. This is attributed to recently opened metro route that connects this area to Indira Nagar, MG Road and other commercial destinations in the city. Due to its metro connectivity to other parts of the city the demand of housing has seen a drastic uprise in the past few months.
This is located in the north of the city, on its outskirts.It has many defence establishments which make it a quiet and peaceful area to live in. Currently, the area has over 150 projects, out of which over 100 are ready-to-move in. As per the latest data over 20 projects are going to be launched soon in various price segments. The average price in the area is Rs 5,100 per sq. ft. and has witnessed an appreciation of 21%.
Due to fast growing commercial development in close proximity this area has witnessed development in the last few years. With giants like IBM and hubs such as Manyata Tech Park having their base here this property has become a lucrative destination for home buyers. The rising demand for quality office space is thus pushing real estate market in this region due to the availability of space at an affordable cost. The average price is Rs. 8,600 per sq. ft. and has seen an increase of 32%.
Additional Read:- Top 3 Locations to Buy Luxury Apartments in Bangalore