• Clay Mouritsen פרסם עדכון עכשיו

    In recent years, Bangalore, also known as the silicon valley of India, has grown rapidly. The city's lifestyle, demographics and occupations have attracted individuals from across India. Using this, the necessity for luxury apartments in good locations has surged. Clients are not merely viewing these homes as a possible asset, but additionally being a change that offers an enriched lifestyle.

    Spurt in luxurious apartments in Bangalore

    During the last several years, Bangalore's housing market has seen an increase in luxurious houses. These houses are primarily targeted towards high net worth individuals and so, real estate property developers are emphasizing high-end villas and row houses furnished with all of the modern amenities.

    Profitability could be the major reason for developers to sign up the premium houses bandwagon. Prices of those homes range from Rs. 2 to 12 crores. The homes are not only seen large in terms of sq . ft . area, but also have amazing benefits including Wi-Fi, pool, jogging track, badminton courts, sensor locks, etc.

    As a result of technological advances, developers can easily build customized villas having amenities of international standards. Bangalore's real estate developers have reinvented their offerings every once in awhile, who have further fuelled the interest in high-end residential homes.

    Region wise growth of premium apartments

    North/North West

    Some premium apartment projects ranging between Rs. 2 to 4 crores have been undertaken inside the sub-markets of places like Hebbal. Developers have selected the area due to its prime location, good connectivity and recurring infrastructure development. Numerous luxury houses have come in the area between Hebbal and Yelahanka. North Bangalore has all the possibility to develop because hub of premium residential homes.

    South

    In 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 witnessed a surge in high-end residential villas.

    East

    Premium villas have come up in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The cost ranges between Rs 2 to 4 crores. Proximity for the city's airport and extensive bus connectivity has added tremendous value to those areas.

    West

    Several high-end residential projects have already been launched in places like Yeshwantpur and Dr Rajkumar Road. Due to existence of several retail chains and hotels, need for villas from all of these places have increased dramatically.

    Nowadays, there are many luxury home units from the city at various stages of planning and construction. Valuation on luxury homes in Bangalore is significantly higher as compared to other metros in India. The conducive real estate scenario within the city will further propel the demand of excellent housing in coming days.

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