Hovmand Brandt posted an update 1 month ago
Lately, Bangalore, otherwise known as the silicon valley of India, is growing rapidly. The city’s lifestyle, demographics and job opportunities have attracted people from throughout India. Using this, the necessity for luxury apartments in good locations in addition has surged. Clients are not only viewing these homes being an asset, but additionally as a change that provides an enriched lifestyle.
Spurt in luxurious apartments in Bangalore
Within the last couple of years, Bangalore’s market has witnessed a blast at the in luxurious houses. These houses are primarily targeted towards high net worth individuals and so, property developers are concentrating on high-end villas and row houses equipped with every one of the modern amenities.
Profitability will be the main reason for developers to join the premium houses bandwagon. Prices of these homes range between Rs. 2 to 12 crores. The homes are not only seen large regarding feet square area, but also have added benefits for example Wi-Fi, pool area, 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 developers have reinvented their offerings every once in awhile, which have further fuelled the demand for high-end residential homes.
Region wise development of premium apartments
Some premium apartment projects ranging between Rs. 2 to 4 crores have been undertaken from the sub-markets of places like Hebbal. Developers have selected the place because of its prime location, good connectivity and recurring infrastructure development. Numerous luxury houses came in the area between Hebbal and Yelahanka. North Bangalore has each of the chance to develop since the hub of premium residential homes.
Inside the south, Bannerghatta Road has seen a blast at the in premium villas and houses priced between Rs 1.5 to 4 crores. Localities like J P Nagar and Banashankari too have observed an increase in high-end residential villas.
Premium villas have fallen in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The price ranges between Rs 3 to 5 crores. Proximity to the city’s airport and extensive bus connectivity has added tremendous value to these areas.
Several high-end residential projects have already been launched in places like Yeshwantpur and Dr Rajkumar Road. As a consequence of presence of several retail chains and hotels, need for villas out there places have raised dramatically.
As of now, there are many luxury home units in the city at various stages of planning and construction. Value of luxury homes in Bangalore is significantly higher when compared with other metros in India. The conducive real estate investment scenario within the city will further propel the need for high quality housing in future.
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