List of Best Affordable Locations in Bangalore to Buy, Rent Property
Bangalore is now a much preferred destination not only by global IT firms but also by a number of homebuyers. The pleasant weather, global lifestyle trends and improving connectivity infrastructure has made the city a heaven for new homeowners, spinning off a fresh demand for property. The city is feeding a number of builders and developers who are coming up with new projects. Projects like Golden Gate, Purvankara, Shriram Properties, Sunscape etc. are just to name a few. When you think of buying a residential property in Bangalore, the choices are many, ranging from simple one room house to independent villas. But, choosing a location can be quite a cumbersome task, as you have to choose a property that suits your needs and your pocket too.
The price of a property depends on the type of the property and the location. You will need a bigger pocket if you are eyeing the central areas that are well connected and located in the heart of the city. Or, if you are satisfied staying in some interior part of the city, you don’t need to worry much about the expenses.The most popular areas like Brigade Road, M.G. Road, and Cunningham Street etc. are mostly known for their commercial importance and it’s a mammoth task finding a house in these areas. Apart from that, there are some residential areas as well, that may not be as pocket-friendly as you want your desired locality to be. For example, Sadashiv Nagar, Whitefield(Villas), Off Cunningham Road, Off Palace Road etc that are known to be the abode of the affluent.Following is a list of stylish, well-planned residential areas that are well connected and yet, are average budget localities:
Indira Nagar–Located within a diameter of few kilometers from Domlur airport, the area is well connected to rest of the city. It can boast of several renowned hospitals and educational institutions as well. There are a number of shopping options in addition to nearby pubs, bars, restaurants, gyms etc. The area can be classified as an average budget area.
Koramangala–Reputed firms and business houses, renowned educational institutions, St. John’s Hospital and a number of shopping centers and malls, this area is surely a very good option to settle down. Criss-crossed by many roads and near to Indira nagar, the area doesn’t seem to be facing any sort of connectivity issue.
Banshankari— A medium budget locality at about 15 Km from railway station and 25 Km from the airport, the major connecting road is the 100 feet ring road. There are a number of new projects developed recently or under development in the area.
Jayanagar— Lying close to Banshankari, Jayanagar is a well developed residential area with a cosmopolitan setup. There are a number of shopping complexes, educational institutions and some of the most famous food joints, e.g. Mughal Darbar, Taj Darbar, Blue lagoon etc., in the area.
Malleshwaram— It is one of the greenest localities of the Garden City. The place is naturally beautiful with the lush greenery all around.
Marthahalli— Close to Whitefield and Sarjapur, the area is well connected and offers lots of new projects as well, to choose from. It is again a medium budget locality.
BTM Layout— Located in the southern Bangalore, the area houses the IIM. It is a well planned residential colony with developed road system and separate market place.
Madiwala— An area for small budget home seekers, Madivala is one of the most crowded areas of Bangalore. Though the interiors of the locality are not comparable to those lying in the vicinity, it is nearby to BTM, Koramangla, and HSR Layout areas.
HSR Layout— The area is well connected to Whitefield, Marthahalli, and Electronic City, where most the offices are located. Well connected to the city and better infrastructure makes it dearer. You can find any number of medium budget houses in this locality.
K R Puram— Krishna raja Puram or K.R Puram is well connected to the city. You can find hundreds of flats in this area, depending on your needs and budget.
Lets have a look at the average price/rent figures in the above localities:
Area – Property Type – Average Price Per Sqft (INR) – Average Rent Per Sqft (INR)
K R Puram – Apartment – 1796 – 10 – Plots – 1151
Marathahalli – Apartment – 2617 – 12 – Plots – 2863
Madiwala – Apartment – 2785 – 12 – Plots –
BTM Layout – Apartment – 3174 – 12 – Plots – 5110
HSR Layout – Apartment – 3351 – 12 – Plots – 4402
Banashankari – Apartment – 4232 – 9 – Plots – 3693
Koramangala – Apartment – 4614 – 18 – Plots – 6570
Jayanagar – Apartment – 4974 – 15 – Plots – 10167
Malleshwaram – Apartment – 5223 – 16 – Plots – 8312
Indira Nagar – Apartment – 4736 – 16 – Plots – 8935