Apartment complexes are a growing property trend in Bengaluru. As an IT and education hub with growing population, the city has an ever increasing demand for housing. However, housing an increasing population creates space issues. The need for vertical growth was what led to the rise of apartment projects in the city initially. However, due to the benefits they provide such as assisted maintenance, socially active neighbourhood, safety and security, and lower cost – apartments have become a preferred option for homebuyers.
As the demand has increased, so have the number of projects. A 2017 report estimates that nearly 1500 new apartment complexes were added to the city in just two years! And with several government schemes, apartments offering Affordable Housing are also on the rise. Finding an apartment that satisfies all your preferences and falls into your budget is truly challenging. We are here to help you make the right decision. It all starts with selecting the right locality.
Best localities in Bengaluru to buy an apartment within INR 50 Lakhs
Electronic City, South Bangalore: Home to many IT companies and thousands of job opportunities, Electronic City has become one of the most sought after localities. An off the grid IT hub until few years ago, to E-City has millions of residents and has good connectivity, and facilities for hospitals, schooling, and recreation etc. Even with the growing demand and infrastructure it is still considered an affordable locality with apartments ranging from INR 20 to 50 lakhs. Some apartment projects in Electronic City that fall under the 50 Lakh limit are:
- GM Infinite E City Town Phase II, Rs. 43 L
- Kritan Ira (2BHK), Rs. 47 L
- Prestige Sunrise Park Norwood (1BHK), Rs. 40 L
Devanahalli, North Bangalore: Devanahalli is one of the fastest developing localities in the city. With mushrooming IT organizations and business hubs, it offers lucrative job opportunities and attracts talent. The locality has not only expanded commercially, but also residentially with many upcoming real estate projects. Even though most of them are luxury projects, there are also apartments that fall within the budget promising good amount of facilities. Some affordable apartments within 50 Lakh rupees in Devanahalli are:
- Embassy Edge (1-4BHK), Rs. 37 L onwards
- Ozone Urbana Prime (1,2BHK), Rs. 24 – 41 L
- Krishnaja Northcity (2,3BHK), Rs. 37.5 L onwards.
Sarjapur Road: Sarjapur Road connects all the IT hubs of Bangalore through the Outer Ring Road. The locality facilitates comfortable and peaceful living conditions and convenient conveyance. Good medical facilities are available in the locality with Apollo clinics. There are good schooling options for children. There are also some entertainment and shopping avenues in the proximity like Total Mall, Central Mall, etc. Some apartments under INR 50 Lakh in Sarjapur Road are:
- Bren Champions Square (1,2,3BHK), Rs. 38 L onwards
- ü Signature Classic (2BHK), Rs. 23 – 36 L
- Sowparnika Flamenco (1,2,3BHK), Rs. 16.5 – 38.8 L
Budigere, North Bangalore: If you’re looking to buy an apartment in Bangalore, Budigere could be the next ideal choice. The real estate market has shown a growth of 25% in the past three years. You can easily find many 2BHK options under 50 lakh rupees. There is an upcoming road widening project providing a connectivity from the locality directly to the Kempegowda International airport. Some apartments that fall under Rs. 50 Lakh budget in Budigere are:
- Prestige Tranquility (1BHK), RS. 42L
- Shriram Greenfields (2BHK), Rs. 45L
- Brigade Buena Vista (1,2,3BHK), RS. 32 L onwards
A good quality apartment with amenities may cost much lesser in an under-developed or remote locality compared to the above mentioned ones. But a good apartment in a bad locality could be a bad investment. Keeping the budget and other factors in mind, the above-mentioned localities are the ideal choice for homebuyers.
These are only a few of the many apartment projects falling under the category of INR 50 Lakh budget. Check out more options on Zaasna.