Every year thousands of IT professionals move to Bangalore to earn a high income as well as to have better career prospects. This has led to an increase in the demand for homes among these professionals who want to buy their first home here. However, among all the categories, ready-to-move-in options are preferred more in prospective home buyers. Also, with good income ratio, most of them look to invest in a home that falls under the mid-segment category. To fill in their requirements, the Bangalore city offers a plethora of options in this range in various areas.
Take a look at some of the top Localities where one can invest in Ready-to-Move-in units within 50 Lakhs:
Officially known as Krishnarajapura, KR Puram is amongst the flourishing suburbs of Bangalore city. The locality is known for the presence of ‘Vengayyana Lake’ which is also a tourist spot. Located at the intersection of Old Madras Road and Outer Ring Road, KR Puram enjoys seamless connectivity to other areas via thriving rail and road network. The locality has its own railway station. While the international airport is just 14 km away, the nearest metro station is situated at a distance of three kms. Due to excellent connectivity via NH-4, Highway 35 and Outer Ring Road, KR Puram attracts many home buyers who are looking to invest here. Many mid-segment inventories are present here under the range of 50 lacs. A 2 BHK apartment is available at a price of Rs 35 lakh, while a 3 BHK can be brought at a price tag of 42 lakh onwards.
Some of the prominent projects include Hebron Tower 9, Samhita Royal Splendor, Vasudha Springs etc.
Another Suburb of Bengaluru city, the locality is known for beautiful tourist spots like Uttarahalli Lake. One of the most bustling suburbs, the area is surrounded by other premium localities like JP Nagar and Banashankari. The locality is well connected via local BMTC buses, Banashankari metro station, and others. It is home to some of the best schools, hospitals and entertainment centres like Brightway School, Hypermarket and Sri Sai Ram Hospital.
The average property price currently here is Rs 4,699 per sqft. A 2 BHK flat is available at a price of Rs 40 lakh. Some of the ready to move in housing projects available here are Sumukha Pearl, Akshaya Regalia, Mdn Highlands etc.
Located along the Bannerghatta Road in Bangalore, Gottigere is surrounded by some major localities like NICE Road and Electronic City. It is also home to many IT hubs that are situated along Bannerghatta Road and NICE road. Gottigere also houses many renowned educational institutions, hospitals and recreation centers like Sherwood High School, Medineuro Specialty Clinic, Dr. R M L Law College, and Carmel Academy etc. At present, the average property price here is Rs 5,022 per sqft. A 2 and 3 BHK flat is easily available to homebuyer within the range of 50 lakh. Some of the ready to move in housing projects available here are Nirman Nydhile Residency, Kristal Beryl, and Victory Arcade etc.
Surrounded by Banaswadi, Kalkere, and Ramamurthy Nagar, Horamavu is another thriving locality of Bengaluru amidst green landscape, rich farmlands, mangroves, and Orchards. The area is also popular due to the presence of lakes such as Horamavu and Agara. The international airport is just 35 km away, while the nearest railway station is of KR Puram. It is home to popular educational societies, eatery joints, hospitals and recreation centres like Adyar Ananda Bhavan, Udupi Sagar, Vibgyor School, Dewamatha high school, and St.Vincent Pallotti School.
In recent times, the area has attracted many mid-segment home buyers who are looking to buy a flat within 50 lakh. The average property rate at present here is Rs 4,677 per sqft. Leading developers like Prestige, Cumins have developed their properties here. Some of the popular ready to move in projects include SVS Trendsquare Precioso, Star AR Splender Park, Star AR Splender Park, Fortuna Krish etc.