Infrastructure developments such as the metro rail and the NICE Ring Road as well as emerging IT companies have attracted many real estate investors to Bangalore. This has also increased the number of job openings in the city. Along with an economic boom, improved connectivity, and infrastructure deployment in the outskirts have encouraged developers to build affordable housing projects in such areas. With so many options available in the city, selecting the right destination to buy a property can be a cumbersome task. So, whether you are looking for flats in Bangalore, independent villas or studio apartments, you can buy your preferred property in these 5 popular and affordable areas.
Kanakapura Road
This area is located in the south of Bangalore and enjoys excellent connectivity with top centres of the city. The Bangalore-Mysore infrastructure corridor known as NICE Road connects it to the Bangalore, Mysore Road and Bannerghatta Road. The extension of the metro line, Peripheral Ring Road (PRR) and widening of roads in this area have also influenced real estate investors. It is close to popular educational institutions such as International Institute of Aerospace Engineering and Management (IIAEM), Centre for Research, Education, Sadhana and Training (CREST), hospitals and malls. This is why it makes for a smart place to invest in real estate.
Sarjapura Road
Sarjapura Road offers you property in various price ranges, and that makes it an attractive market for buyers. Generally, the 1BHK and 2BHK houses in this area come at very affordable prices. If you are interested in high-end villas and row houses too, you can find some great options on Sarjapura Road. It is in close proximity to IT companies, the outer ring road, Electronic City and Whitefield. With various schools, institutions and healthcare facilities, it provides a lucrative investment opportunity.
Magadi Road
It is situated in the western part of Bangalore and is easily accessible from the city centre. If you are looking for a green, peaceful and serene property than Magadi Road is your best bet. It has good connectivity through NICE road, Outer Ring Road and Nammo Metro Purple Line. This has attracted developers to build middle segment and high segment projects on this road, so if that’s the kind of property you are looking for, this is the place to invest. Magadi Road also offers amenities like parks, schools and hospitals, which makes it a great investment if you want to live there now or in the future.
Horamavu
Located in the north-east part of Bangalore, Horamavu offers easy accessibility to the airport through the Outer Ring Road. It is in close proximity to famous location such as Banaswadi and KR Puram, which is home to famous projects like Sobha Lake Garden. Infrastructural developments in the nearby area have boosted developers to build projects in this area. So, under-construction properties are your best bet in this area.
Kengeri
In this area, property demand is affected by the industrial developments along the Mysore Road. It offers you affordable housing and benefits such as excellent connectivity with Mysore Road, Outer Ring Road, and NICE Road. Kengeri is transforming into an ideal residential location thanks to its social infrastructure, commercial spaces and excellent connectivity.
Once you have decided where to buy a luxury property of your choice, purchase it easily with Home Loans from Bajaj Housing Finance Limited. You can avail a loan up to Rs.3.5 crore for a flexible tenor to finance the purchase of your property. Additionally, you can get assistance to search for the right property and enjoy benefits such as top-up loans, easy repayment options and minimal documentation. Check your pre-approved offer here to get instant approval on your loan application and apply via a customised deal.
