Bangalore, the Silicon Valley of India, formerly known as the garden city, is a globally recognized IT hub. It stands atop among all the cities of India and is identified under Special Economic Zones (SEZs). Hence, the realty market in Bangalore has grown by 525 percent in the last two decades which is a never before growth recorded in any of the urban sectors of India. The growth recorded in the real estate market is much high in high-class localities. Let us enumerate the growth in such localities and help you to realize the current realty trend in these places of Bangalore. Get more details about https://www.globalrealty.com.mx/
It is located in the northern part of Bangalore and surrounded by localities like Gandhinagar, New BEL Road, Sanjaynagar and Mathikere. This extension has enough connectivity with a considerable number of BMTC buses plying in the area. The per square feet rates in this area are very high and are approximately around Rs. 8, 900 per square feet because of the sound Infrastructure the area provides. The connectivity via rail and road transport is fair enough in this region. As a result this area is sought after by many IT professionals and NRI’s as it promises a handsome Return on Investment (ROI).
Cooke Town is a suburban part of Bangalore and the capital rate in this location starts nearly from Rs 9, 000 per square feet. This location is well-known for its wide range of recreational spots, low-rise apartments and luxurious bungalows. If you are a food lover this area can flaunt your taste buds as it has very good restaurants in and around the area. As the mushrooming realty market has also compounded along with the growth of this area, the demand for residential flats and apartments have also multiplied in the recent years.
Koramangala is situated in the South-Eastern part of Bangalore. This is one of the posh and most popular areas of the city. This area shelters famous companies like Flipkart, Bosh, etc. It is a favourite for most of the young generation as it has well-known pubs, malls, restaurants and many recreational hubs as well. It is very hard to find land and property in this area as it seems to be completely saturated. Hence, the realty prices approximately hovers around Rs. 9, 000 per square feet. Yes, there are already some upscale and high-end luxury apartments being dotted in this area. The 80 feet road, Inner Ring Road, and Sarjapur road has given exemplary connecting options from the locality to the other places.
Indiranagar can be considered as one of the best locations which retains the traditional ambience of Bangalore which was nicknamed as ‘Garden City’. Very rarely would you find a place here without trees. This area is abundant with parks and gardens and is picturesque in its very layout and structure. The area seems to get the glamour from the individual villas and bungalows. It has a famous and very prestigious club of Bangalore, the Indiranagar club.
This locality offers high-end night clubs, multi cuisine restaurants, good educational institutes, and all the amenities which a common man would prefer and look for. The connectivity part of Indiranagar is at its best as this place does have both metro and BMTC transport services. The property costs of Indiranagar currently come around Rs. 9, 200 per square feet.
It heads in the northeast part of Bangalore. Habitually Benson town is a residential locality. The comfort of living and the connectivity together with the strategic location of the place has escalated the capital value to Rs. 10, 000 per square feet at a minimum in this area. Netaji Road, Chinnappa Garden Road, and Basaveshwara main road are the roads that link this place to other locations of the city. Renowned places like MG road, Brigade Road, Commercial Street, Fazer Town, Shivajinagar and Jayamahal Extension can easily be accessible from this place.
Ulsoor falls around the central part of Bangalore. It sprawls around the famous Ulsoor Lake. Here in this locality, the capital value comes around Rs. 9, 500 per square feet. Don’t be amazed by this capital value as this area deserves to be priced at this rate. Broad roads, metro lines, vicinity to MG Road and brigade road are the advantages that the people here look for.
Richmond town is the poshest locality even from the time when Bangalore was founded. The locality boasts of its social infrastructural quotient as the area is surrounded by schools, hospitals, recreational zones and religious centers. It is also near Richmond Road, Hosur Road, MG Road and Brigade Road. This location offers luxury apartments which appeal high-end people to lead fantabulous lifestyle. The capital rates of this location come around Rs. 11, 000 per square feet, approximately.
Basavanagudi is also one of the areas inhabited by high-profile people of Bangalore which started its ascent from the early days of Bangalore. A wide array of eateries, metro connectivity, good roads and sound infrastructure are the key highlights of this locality. Indian Institute of World Culture, DVG Road and Gandhi Bazar are in the vicinity of Basavanagudi. The prevailing cost of residential properties is around Rs. 9, 550 per square feet.
Malleshwaram is situated in the North Western part of Bangalore. It is so renowned as it exists from the earliest days of genesis of Bangalore. The current residential price in this location averages approximately around Rs. 12, 000 per square feet. The early inhabitants of Bangalore along with the recent migrants are both found in this region. This locality is close to the heart of the city, Majestic and also to Yeshwantpur as well. The connectivity has further got boosted with the construction of Metro railways at this location.