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Flats Under 3 Crore for sale in Banaswadi, Bangalore
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About Bangalore
The IT hub of India, Bangalore is home to the finest multinational corporations, tech startups, and R&D centres in the country. This, along with the presence of reputed educational institutions attracts a young population of students and professionals. It has in turn increased the rental market here.
The social infrastructure here is excellent as well, as the top restaurants, shopping malls, schools, and healthcare are present in Bangalore. There are also numerous lush green parks here, which is why this city is also called as ‘the garden city of India’
A good network of national highways and rail lines further offer good connectivity here. The Namma Metro line and Peripheral Ring Road are set to transform Bangalore, seamlessly connecting the Northern and Southern parts of this city. The Kempegowda International Airport at Devanahalli is easily accessible as well.
A constantly evolving infrastructure, presence of top developers, great IT hubs, & pleasant weather has increased the demand for properties in Bangalore. Aside from end-use, home investment is popular as well. Buyers here include NRIs too, who prefer to invest in a range of properties here, from affordable to premium.
About Bangalore Real Estate
As per a Knight Frank Report on Bangalore, residential sales grew by over 40% in 2022. Despite increase in interest rates, the rising sales show that the buyer sentiment for properties in Bangalore has been strong.
Being close to top IT hubs in the city, South Bangalore has continued to remain a popular region for residential investment and accounted for more than 45% of the overall sales in the second half of 2022. This was followed by East Bangalore, where sales were primarily focused in areas such as Whitefield and KR Puram.
There was a slight increase in the residential launches as well, with reputed developers mostly focusing on the East & South regions of Bangalore. This is mainly due to rising commercial leasing and upcoming metro lines here, which make properties here ideal for end-use and investment as well.
In configuration type, the demand is high for 2 BHK homes priced between 40 lakhs to 1 Crore. However in recent years, there has also been a significant rise in the sales in the luxury residential sector with homes priced above 1 Crore. This is mainly due to the rising number of businesses and startups that has led to an increase in population earnings.
Key Feature About Bangalore
- Called the ‘Silicon Valley of India’, Bangalore features the top IT technology parks & tech startups in the country
- Bangalore is well-known for its many green parks such as Cubbon Park & Lalbagh Botanical Garden
- Mount Carmel College, IIM Bangalore, St. John’s Medical College, & Oxford College of Education are a few famous educational institutions in Bangalore
- Stamp Duty In Bangalore is 2% on properties that cost less than ₹20 lakhs, 3% for projects between ₹21 to 45 lakhs, and 5% for properties above ₹45 lakhs.
- Registration charges are 1% of the total property value.
- Electronic City, Whitefield, Marathahalli, & Koramangala are the top commercial hubs in Bangalore.
- You also get good connectivity via the Bangalore suburban railway and national highways such as NH-48, NH-4, and NH-7
- Two Namma metro lines are partially operational in Bangalore - Purple & Green
- The Yellow, Pink, & Blue Namma Metro lines are under construction along with the phase 2 of purple and green lines. These lines will seamlessly connect all parts of Bangalore.
- The upcoming Peripheral Ring Road project is a circular road that will start from Hosur Road and finish at Tumkur Road, connecting NICE Road as well.
- Populations of students & professionals is high, increasing the rental demand here
- Along with residential housing, investment is popular in Bangalore, especially among NRIs
- A few affordable localities here are Shivaji Nagar, Hoskote, Hennur, Electronic City, & Hosur Road
- Popular Mid-segment locales are KR Puram, Kengeri, Marathahalli, Sarjapur, Bagalur, & Bellandur.
- Cunningham Road, Whitefield, Varthur, Yelahanka, Devanahalli, Rajajinagar, & Koramangala are a few premium localities in Bangalore.
- Brigade Group, Puravankara Group, Prestige Group, & Sobha Developers are some of the top real estate firms here.
- Along with flats, villas, plots and bungalows are popular in Bangalore as well.
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Frequently Asked Questions
Which are the best areas to buy a home in Bangalore?
Sarjapur Road, Whitefield, Electronic City, Marathahalli, & KR Puram are some of the best areas to buy a flat in Bangalore.
Is Bangalore good for real estate investment?
Yes. Bangalore is great for real estate investment as it is home to excellent IT parks, educational universities, lush greens, top notch roads and metro lines, and good infrastructure. Many NRIs invest in Bangalore as well.
Which are the affordable places to live in Bangalore?
A few affordable localities in Bangalore are Shivaji Nagar, Hoskote, Hennur, Electronic City, & Hosur Road.
Which are reputed luxury properties in Bangalore?
Below are a few luxury properties in Bangalore -
1. Assetz Marq 3.0, Whitefield
2. Puravankara Blubelle, Magadi Road
3. Prestige Primerose Hills, South Bangalore
4. L&T Raintree Boulevard, Bellary Road
Which projects sell villas in Bangalore?
After The Rain by Total Environment, Prestige Sanctuary, & Shriram Chirping Grove are some of the top projects that sell villas in Bangalore.
Which projects offer a good 1 BHK in Bangalore?
A few good projects with 1 BHK flats in Bangalore are -
1. Brigade Cornerstone Utopia, Whitefield
2. Godrej Park Retreat, Sarjapur
3. Provident Park Square, Kanakapura
4. Brigade Calista, Devanahalli Airport Road
Which are some new properties in Bangalore?
Below are a few new properties in Bangalore -
1. Assetz Marq 3.0, Whitefield
2. Purva Blubelle, Magadi Main Road
3. Sobha Neopolis, Panathur Road
4. Bhartiya Nikoo Homes, Thanisandra
Which localities in Bangalore are good for investment?
Devanahalli, Thanisandra, Yelahanka, Sarjapur, Electronic City, Hebbal, & Whitefield are a few localities in Bangalore that could be good for investment.
What are some affordable properties in Bangalore?
Here are a few affordable properties in Bangalore -
1. Godrej Splendour, Whitefield
2. Brigade El Dorado, Aerospace Park
3. Godrej Royal Woods, Devanahalli
4. Sowparnika Olivia Nest, Bagalur-Sarjapur Road
Which projects sell good 2 BHK flats in Bangalore?
A few projects that offer good 2 BHK flats in Bangalore are -
1. Godrej Splendour, Whitefield
2. Prestige Finsbury Park, Aerospace Park
3. Sobha Dream Gardens, Bellahalli
4. Shriram WYTfield, Budigere Cross