Hovmand Guldbrandsen posted an update 2 years ago
Lately, Bangalore, also known as the silicon valley of India, has exploded rapidly. The city’s lifestyle, demographics and job opportunities have attracted individuals from all over India. With this particular, the need for luxury apartments in good locations in addition has surged. Customers are not simply viewing these homes as an asset, but also as being a change which offers an enriched lifestyle.
Spurt in luxurious apartments in Bangalore
During the last few years, Bangalore’s market has witnessed a blast at the in luxurious houses. These houses are primarily targeted towards high value individuals and so, real estate property developers are emphasizing high-end villas and row houses furnished with every one of the modern amenities.
Profitability will be the major reason for developers to become listed on the premium houses bandwagon. Prices of those homes cover anything from Rs. 2 to 12 crores. The homes are not only large when it comes to sq . ft . area, but also have added benefits including Wi-Fi, pool, jogging track, badminton courts, sensor locks, etc.
As a result of technological advances, developers can build customized villas having amenities of international standards. Bangalore’s property developers have reinvented their offerings every once in awhile, that have further fuelled the requirement for high-end residential homes.
Region wise growth of premium apartments
A series of premium apartment projects ranging between Rs. 2 to 4 crores are already undertaken inside the sub-markets of places like Hebbal. Developers have decided the place due to its prime location, good connectivity and continuing infrastructure development. Numerous luxury houses came in the spot between Hebbal and Yelahanka. North Bangalore has every one of the possible ways to develop because the hub of premium residential homes.
Inside 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 experienced a surge in high-end residential villas.
Premium villas have fallen up in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The purchase price ranges between Rs 2 to 4 crores. Proximity to the city’s airport and extensive bus connectivity has added tremendous value about bat roosting areas.
Several high-end residential projects are already launched in places like Yeshwantpur and Dr Rajkumar Road. As a result of existence of several retail chains and hotels, interest in villas from all of these places have shot up dramatically.
As of this moment, there are many luxury home units in the city at various stages of planning and construction. Valuation on luxury homes in Bangalore is much higher as compared with other metros in India. The conducive real estate investment scenario in the city will further propel the demand of top quality housing in coming days.
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