Strange Melvin posted an update 3 months ago
In recent years, Bangalore, otherwise known as the silicon valley asia, is growing rapidly. The city’s lifestyle, demographics and opportunities have attracted people from across India. Using this type of, the necessity for luxury apartments in good locations has surged. Company is not just viewing these homes just as one asset, and also as being a change that gives an enriched lifestyle.
Spurt in luxurious apartments in Bangalore
In the last several years, Bangalore’s housing market has seen an outburst in luxurious houses. These houses are primarily targeted towards high value individuals and thus, real estate investment developers are concentrating on high-end villas and row houses designed with every one of the modern amenities.
Profitability will be the major reason for developers to join the premium houses bandwagon. Prices of the homes cover anything from Rs. 2 to 12 crores. The homes are not only found large regarding square feet area, but in addition have benefits like Wi-Fi, pool area, jogging track, badminton courts, sensor locks, etc.
Due to technological advances, developers are able to build customized villas having amenities of international standards. Bangalore’s property developers have reinvented their offerings from time to time, that have further fuelled the need for high-end residential homes.
Region wise development of premium apartments
A series of premium apartment projects ranging between Rs. Three to five crores have been undertaken in the sub-markets of places like Hebbal. Developers have selected the spot for the prime location, good connectivity and ongoing infrastructure development. Numerous luxury houses came in the spot between Hebbal and Yelahanka. North Bangalore has all of the potential to develop as the hub of premium residential homes.
Inside the south, Bannerghatta Road has seen an outburst in premium villas and houses priced between Rs 1.5 to 4 crores. Localities like J P Nagar and Banashankari too have witnessed an increase in high-end residential villas.
Premium villas have come in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The purchase price ranges between Rs 2 to 4 crores. Proximity for the city’s airport and extensive bus connectivity has added tremendous value to these areas.
Several high-end residential projects have been launched in places like Yeshwantpur and Dr Rajkumar Road. As a result of presence of several retail chains and hotels, interest in villas readily available places have shot up dramatically.
Nowadays, there are lots of luxury home units from the city at various stages of planning and construction. Valuation on luxury homes in Bangalore is significantly higher in comparison with other metros in India. The conducive property scenario from the city will further propel the demand of top quality housing in future.
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