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  • Clay Mouritsen posted an update 4 years, 6 months ago

    Recently, Bangalore, also referred to as the silicon valley asia, is continuing to grow rapidly. The city’s lifestyle, demographics and occupations have attracted people from throughout India. With this, the requirement of luxury apartments in good locations has surged. Industry is not simply viewing these homes just as one asset, and also as being a change that offers an enriched lifestyle.

    Spurt in luxurious apartments in Bangalore

    In the last few years, Bangalore’s real estate market has seen an increase in luxurious houses. These houses are primarily targeted towards high value individuals and therefore, real estate developers are emphasizing high-end villas and row houses built with all the modern amenities.

    Profitability may be the primary reason for developers to become listed on the premium houses bandwagon. Prices of these homes range from Rs. 2 to 12 crores. The homes aren’t just large with regards to square feet area, and also have benefits like Wi-Fi, swimming pool, jogging track, badminton courts, sensor locks, etc.

    Because of technological advances, developers can easily build customized villas having amenities of international standards. Bangalore’s real estate investment developers have reinvented their offerings every so often, which have further fuelled the demand for high-end residential homes.

    Region wise increase of premium apartments

    North/North West

    Some premium apartment projects ranging between Rs. 3 to 5 crores are already undertaken within the sub-markets of places like Hebbal. Developers have decided the place for the prime location, good connectivity and recurring infrastructure development. Numerous luxury houses attended up in the spot between Hebbal and Yelahanka. North Bangalore has all of the potential to develop as the hub of premium residential homes.

    South

    From the south, Bannerghatta Road has witnessed an outburst in premium villas and houses priced between Rs 1.5 to 4 crores. Localities like J P Nagar and Banashankari too have observed an outburst in high-end residential villas.

    East

    Premium villas came in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The value ranges between Rs 2 to 4 crores. Proximity towards the city’s airport and extensive bus connectivity has added tremendous value to the telltale areas.

    West

    Several high-end residential projects have been launched in places like Yeshwantpur and Dr Rajkumar Road. As a result of existence of several retail chains and hotels, need for villas readily available places have shot up dramatically.

    Nowadays, there are numerous luxury home units in the city at various stages of planning and construction. Value of luxury homes in Bangalore is significantly higher as compared with other metros in India. The conducive real estate investment scenario in the city will further propel the need for top quality housing in future.

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