In recent years, Bangalore, also called the silicon pit of India, has grew rapidly. The city’s lifestyle, demographics and job opportunities have attracted people Godrej Crest Vashi from all over India. With this, the importance for luxury apartments in good locations in addition has surged. Customers are not only viewing these homes as an asset, but also as a change which offers an ripe lifestyle.
Spurt in luxurious apartments in Bangalore
In the last few years, Bangalore’s real estate market has seen a increase in luxurious houses. These houses are primarily targeted towards high net worth individuals and therefore, real estate developers are focusing on high-end villas and line houses equipped with all the modern amenities.
Profitability is 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 large in terms of rectangular feet area, but also have positive factors such as Wi-Fi, swimming pool, jogging track, badminton courts, sensor locks, etc.
Thanks to technological advances, developers are able to build customized villas having amenities of international standards. Bangalore’s real estate developers have reinvented their offerings from time to time, which have further fuelled the demand for high-end residential homes.
Region wise growth of premium apartments
A series of premium apartment projects ranging between Rs. 2 to 4 crores have been undertaken in the sub-markets of places like Hebbal. Developers have chosen the place for its prime location, good on the internet and ongoing infrastructure development. Numerous luxury houses attended up in your community between Hebbal and Yelahanka. North Bangalore has all the potential to develop as the mainstay of premium residential homes.
In the south, Bannerghatta Road has seen a increase in premium villas and houses priced between Rs 1. 5 to 4 crores. Localities like J P Nagar and Banashankari too have observed a increase in high-end residential villas.
Premium villas attended up in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The price ranges between Rs 2 to 4 crores. Distance to the city’s airport and extensive bus on the internet has added tremendous value to these areas.
Several high-end residential projects have been launched in places like Yeshwantpur and Dr Rajkumar Road. Because of presence of several retail chains and hotels, demand for villas from these places have shot up dramatically.
As of now, there are many luxury home units in the city at various staging of planning and construction. Value of luxury homes in Bangalore is much higher as compared to other metros in India. The approving real estate scenario in the city will further propel the demand of high quality housing in coming days.