Bangalore is an urban center that
witnesses a huge digit of migrants to the city from different parts of the
country for career opportunity. The city offer more job opportunity for the professional.
As a result, the residential demand in the city has improved in the recent
times. Be it a luxury or reasonably priced home, the demand is high for equally
these category.
The home buyers can find
affordable homes in the outskirts like Sarjapur Road, Kanakapura Road,
Kattruguppe, Banashankari I & II Stage, Hosur Road and the areas close to Hesaraghatta
Main Road. In recent times, the concorde group projects have been engaged in
building a wide range of residential projects in these areas.
According to a periodical report
by concorde group, the price range of reasonably priced homes in Bangalore is
within Rs 40 lakh. Further, the ease of use of residential properties within Rs
40 lakh is high compared to the demand of the people. The availability of such
affordable property is about 35% and the demand is about 22%.
"As there is the accessibility
of vacant land in the South and North Bangalore, the most number of real estate
developments is happening in this region.
The price range of the property
is up to Rs 20 lakh in the areas such as Museum Road. On the other end, the
areas like Kanakapura Road, Kattruguppe, Banashankari I & II Stage, Hosur
Road (Kudlu Gate), Hesaraghatta Main Road offers the property with a price
range between Rs 20-40 lakh.
The recent commercial
developments in the areas like Kanakapura Road, Kattruguppe, Banashankari I
& II Stage, Hosur Road (Kudlu Gate), Hesaraghatta Main Road has pushed the
residential development. The residential demand is high in these areas, as
these locality have close proximity to the IT corridors and retail outlets, say
the real estate experts.
Further, the areas such as Sarjapur
Road, Kanakapura Road, Kattruguppe, Banashankari I & II Stage enjoy close
proximity to Outer Ring Road and Sarjapur is connected to Hesaraghatta Main
Road. All these localities have been the preferred areas for office space due
to sufficient open lands and competitive rentals. As a result, the residential
market is booming in these areas. Concorde group review is perfect and
investors can easily invest in the property of concorde group.
This comment has been removed by the author.
ReplyDelete