10 Affordable Housing Developments in Bangalore
Also known as the ‘Silicon Valley of India’, Bangalore ranks 22nd, on the list for the top tech-cities in the entire globe. Being a mecca for start-ups, a haven for Information junkies, and a melting pot of art and culture; Bangalore welcomes hundreds of new settlers every year- the demography of which constitutes mainly of hip, tech savvy and open headed youngsters, who are looking for cheap yet modern and centrally located accommodations.
Now, it is a known fact that tech cities are mostly very expensive to reside in. However, worry not, because Bangalore also happens to top the charts when it comes to cost of living index, and has been proclaimed as the cheapest tech-city to reside in. This is owing to a number of developers recognizing the needs of the market and building property that cater to these needs. Despite this, it might still be difficult to find the best deal for you so we have listed out the most affordable projects that are either completed or currently under development, and provide the best value for your money- for purposes of both residence and investment.
1) Nikoo Homes 2
Nikoo Homes 2 at Thanisandra, is a project under development by the Bhartiya City Developers with 1, 2, 3, 4BHK and studio residential apartments, and row houses. At a very reasonable base price starting at Rs 25.25 Lac for a Studio apartment, Tech bachelors can enjoy an assortment of lavish facilities such as Sky Gardens, Sunrise and Sunset points, swimming pool, Amphitheatre, Gymnasium and tons of other lifestyle amenities, in a 125 acre area of gated premise. The larger units are also reasonably priced at Rs 4,950/ sq ft of super built up area.
This property is particularly appealing to those in the IT sector due to its easy connectivity to the Manyata Tech Park. Thanisandra also has room for a lot of development. With numerous other projects being planned here, it is a good time to be making an investment at Nikoo Homes to reap maximum benefits of the highly probable upcoming surge in reality prices in the area.
2) Sobha Dream Acres
Sobha dream Acres is an upcoming development in Balagere, East Bangalore. Located close to the outer ring road, with a well-developed road network- Sobha Dream Acres is an ideal choice for those who want to be away from the ceaseless commotions of the city; yet prefer certain basic civic facilities at a convenient reach. Competitively priced at Rs 5300 /Sq. ft, – here you can purchase 1BHK and 2BHK apartments ranging from 59.98 sq ft to 112.53 sq ft.
These apartments are well designed and will be fitted with the best of infrastructure. Anyone part of this residency can also enjoy the luxury of 5 club houses and swimming pools, along with all the other basic amenities. The project is also designed to have 80 percent of open area against a lush green backdrop providing a serene environment for residence- something that seems to get rarer and costlier, with every passing year.
3) Godrej Eternity
Starting at a base price of Rs 30.61 lacs to 89.13 lacs, the highly reliable and trusted Godrej Properties Ltd offers you a chance to live at the posh neighborhood of Kanakapura. For residential purposes, Godrej Eternity is ideal in the vicinity offering 1, 2 and 3BHK apartments. Built across 18 acres, the towers housing the apartments are of only 4 floors each, to ensure plenty of sunlight and ventilation into every apartment.
The apartment themselves are spacious and attractively designed, and offers variations on floorings to suit economic needs. Convenience is a key factor offered here- with restaurants, groceries and health- care all available within the premises. The clubhouse here also offers hotel-like accommodation for the guests- (in case you’re concerned of those relatives who like to visit in numbers equivalent to cricket teams). Godrej Eternity thus provides good value for money in terms of amenities, and locality. Furthermore, the proposed Vajrahalli Metro Station will be in walking distance from Godrej Eternity- making it even more exciting as a prospect for both investors and occupants.
4) Brigade Meadows
Brigade Meadows is a ready-to-move residential cum commercial development with 1, 2 and 3BHK apartments with resale price of Rs 35- 62 lacs (as per resale listings). Located just off Kanakapura Road, the development is well connected to all important locations such as Bannerghatta Road, Hosur Road, Electronic City, Jayanagar and J.P Nagar, allowing for easy transmute for the working class,- who were the main targets for this project.
The premises along with the buildings here, are picturesque, with plenty of open air to provide tranquility to the drained and exhausted, hardworking citizens of society. The best part about Brigade Meadows is the presence of numerous commercial establishments within the
compounds- providing convenience while still being away from the chaotic city life.
5) Orchid Whitefield
Orchid Whitefield is a premium project conceived as a joint venture of Goyal and Co, and Haryana Group. Located in Whitefield (an IT hub and also a prominent place of residence for IT employees), this project has been conceived keeping in mind the needs of the
Starting at a base price of Rs 36.74- 76.62 lacs, Orchid Whitefield offers a range of 1, 2, and 3BHK apartments that come in variable sizes from 840sq ft – 1524 sq ft to curate to ranging needs. Packed with all the modern amenities and infrastructure, Orchid Whitefield also flaunts an open space of 85 percent which contains in it a Wi-Fi garden so you can work in peace, in the tranquility of the open air.
Orchid Whitefield is of interest to both investors and occupants for the main reason of location. Whitefield is a booming locality with real estate price always on the rise as more and more infrastructure is being developed here. The price quoted at Orchid Whitefield really stands out for the high quality of infrastructure, comfort and convenience obtained for it.
6) Tata New Haven
Starting at a meagre base price of Rs 26.9 – 48.87 lacs, Tata New Haven consists of ready to move 1, 2 and 3 BHK apartments that range from 708 to 1286 sq ft at Neelamangala, Dasanapura. Neelamangala is a small town that comes under Bangalore Rural district of Karnataka. Although at a distance of about 27 kms from Bangalore, its strategic location close to national highway- 75 makes commuting to the city a breeze.
In exchange for the cost of living slightly away from the city, Tata New Haven provides a pollution free environment
housing first- class amenities such as swimming pool, gym, clubhouse sauna and tons more – At a bargain of a price. The premises also houses numerous commercial complexes which takes care of all your requirements to never miss the conveniences that a downtown location in the city would offer- while relishing the escape from its frenzied lifestyle and polluted surroundings.
7) Arvind Skylands
Arvind Skylands is an efficiently designed luxury apartment project in Jakkur, which offers 2 and 3BHK apartments that range from 739.59 sq ft to 911.27 sq ft. This compact housing project with 417 units takes up only 4.5 acres of land and yet houses the most
luxurious of amenities.
Adeptly named the Skylands, the project features a stargazing deck and open café on the terrace, along with an interconnected jogging track on the rooftop. Apart from this, it also has other basic amenities like basketball court, multi-purpose hall, lawn tennis court etc. With the base booking price starting at 50.04 lacs, this one of a kind development project is
almost a steal.
Jakkur as a locality has a very optimistic looking future. With numerous government and private industrial establishments, and easy commuting facilities to various important localities of Bangalore,- this locality is great for investors to make quick returns.
8) Assetz 63 Degree East
Assetz 63 degree east provides affordable accommodation at the bubbling location of Chikkakanalli, in Sarjapur Road. Currently under construction and estimated to be ready by the end of 2018, this development provides A-grade apartments with modular kitchens and quality fittings with wooden work. The base price starts at 31.1 lacs for a 691 sq ft 1BHK and ranges up to 52.07 lacs for a 1,157 sq ft 3BHK apartment.
The biggest appeal here is definitely location, as Sarjapur Road provides connectivity to major areas of the city. This place is ideal for those who want to be close to their places of interest. It provides well- designed and well- located housing, with a vast array of basic and luxury amenities, at a very reasonable price quote. Sarjapur Road is of particular interest to investors as its growth in infrastructure and connectivity has resulted in speedy climb up the reality ladder.
9) Skylark Ithaca
Starting at a base of 27 lacs for a 605 sq ft -1BHK apartment, Skylark Ithaca hosts a range of apartments that goes up to 1.53 Crores. Located at Old Madras Road, Sonnenahalli, the development is ready to be occupied. The project was conceived as an attempt
to offer a grand lifestyle, set in an equally grand setting through comprehensive facilities and amenities. Well it succeeds in doing just that, as it flaunts an Olympic size swimming pool, a 45000 sq ft clubhouse, a video door-phone in each apartment, and a wide range of other facilities. All of these facilities make for a good deal at the quoted price range.
10) Shriram Summit
Shriram Summit is an upcoming residential development by Shriram properties in Electronic City, Bangalore South. The project offers sumptuously spaced 1-3 BHK apartments at a base price ranging from Rs 52.68 to Rs 63.66 lacs. At the quoted price, just being
located in Electronic City makes it a very viable option for IT employees of the area. There is also no requirement to mention the reality prospects for investors in this area, owing to the immense infrastructural development with numerous prominent and non-prominent, residential and commercial projects driving up real estate value.
Studded with the best of amenities such as a maze garden, virtual golf, Badminton Court, Basketball Court, Cricket Pitch, Amphitheatre, Banquet Hall, Billiards, Sauna, Creche/Day care Grocery Shop and Library and so much more,- Shriram Summit makes for a very affordable housing in terms of value for money.