Clay Mouritsen posted an update 2 months ago
In recent years, Bangalore, also known as the silicon valley asia, has grown rapidly. The city’s lifestyle, demographics and professions have attracted individuals from all over India. With this particular, the requirement for luxury apartments in good locations in addition has surged. Industry is not merely viewing these homes as a possible asset, but additionally as a change that offers an enriched lifestyle.
Spurt in luxurious apartments in Bangalore
During the last several years, Bangalore’s housing market has witnessed a blast at the in luxurious houses. These houses are primarily targeted towards high net worth individuals and for that reason, property developers are emphasizing high-end villas and row houses furnished with all of the modern amenities.
Profitability will be the primary reason for developers to participate the premium houses bandwagon. Prices of the homes cover anything from Rs. 2 to 12 crores. The homes are not only seen large with regards to feet square area, and also have amazing benefits like Wi-Fi, pool area, jogging track, badminton courts, sensor locks, etc.
Because of technological advances, developers are able to build customized villas having amenities of international standards. Bangalore’s real estate developers have reinvented their offerings every once in awhile, which have further fuelled the need for high-end residential homes.
Region wise expansion of premium apartments
A few premium apartment projects ranging between Rs. 3 to 5 crores have been undertaken within the sub-markets of places like Hebbal. Developers have selected the area due to the prime location, good connectivity and recurring infrastructure development. Numerous luxury houses came in the location between Hebbal and Yelahanka. North Bangalore has all of the chance to develop as the hub of premium residential homes.
In the south, Bannerghatta Road has seen an increase in premium villas and houses priced between Rs 1.5 to 4 crores. Localities like J P Nagar and Banashankari too have observed a blast at the in high-end residential villas.
Premium villas have fallen up in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The value ranges between Rs Two to four crores. Proximity towards the city’s airport and extensive bus connectivity has added tremendous value to the telltale areas.
Several high-end residential projects happen to be launched in places like Yeshwantpur and Dr Rajkumar Road. As a result of presence of several retail chains and hotels, interest in villas from these places have shot up dramatically.
Currently, there are several luxury home units from the city at various stages of planning and construction. Value of luxury homes in Bangalore is much higher in comparison with other metros in India. The conducive real estate scenario within the city will further propel the need for top quality housing in coming days.
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