An increase in the number of IT companies is probably the first thing that may come to our mind when we think of Bangalore, the state capital of Karnataka. We all very well know that Bangalore, popularly known as the ‘Silicon City of India’, today happens to be one of the fastest growing cities of the globe. With a whooping development in its commercial and industrial sector, this city continues to contribute more and more to the country’s overall economic development with every passing day. Bangalore holds credit for having the country’s largest IT hub here. As a result, a number of IT professional have chosen to invest in residential properties in Bangalore. It was recently revealed that a large number of NRIs prefer Bangalore when it comes to buying a residential project. Thus, one can clearly see why the realty sector of this city has reached such great heights. More and more townships are being developed by well reputed and leading builders here. Today, we will take a glance at some of the plos for sale in Bangalore.
Some of the most common and the popular residential locations in Bangalore include Banashankari, Banerghatta Road, B T M Layout, C V Raman Nagar, Bellandur, Cox Town, Malleswaram, M G Road, Whitefield, Electronics City, Hebbal, Hennur Main Road, ITPL, Indira Nagar, J P Nagar, K R Puram, Old Madras Road and Sahakar Nanagr among many others. More and more residential projects are seen getting developed in Electronics City and Hosur Road, as both of these locations are situated at a very close proximity from the IT Hub of this city.
The people of this city enjoy a high, top class standard of living and therefore maximum residential projects of this city offer their home owners with a number of luxurious amenities. Even so, the property prices here are comparatively cheaper than other big cities such as Mumbai. As mentioned before, a large number of NRIs are choosing to invest in residential plots here. So, thus, the demand for residential as well as industrial and commercial plots/ lands has increased in Bangalore. A few properties in Bangalore look as stated below:
A 1, 200 sq ft residential plot/ land in Nagarbhavi and Chandrapura would approximately cost around Rs. 32, 82, 000 and Rs. 10, 00, 000 respectively. Whereas, a plot/ land with the same area (1, 200 sq ft) would come for Rs. 48, 00, 000 in Kanakapura Road and for Rs. 13, 00, 000 and Rs. 18, 00, 000 in Nelamangala and Arakere respectively. The price ranges of commercial as well as residential plots in and around Electronics City are slightly higher.
A recent survey has revealed that the city of Bangalore is in high demand when it comes to premium properties. Majority of home seekers who are looking forward to invest in premium properties prefer Bangalore as the ideal destination. With this, Bangalore, along with other cities such as Ahmedabad and Hyderabad leaves behind major cities like Delhi and Mumbai.