Eastern Areas of Bangalore Excite Potential Buyers to Reside In

There has been an influx of residential units being sold in the eastern part of Bangalore city; areas like Sarjapur, Electronic city, and Whitefield are the most sought after places, not just for working professionals but also modern day Bangalorean’s are looking to reside there. This sudden surge is purely down to notable IT hubs located near these areas which have seen many young adults opting to live at a place which is close by to their work space to avoid the long queues of traffic and pollution.

Compared to most areas in the city, the entry price of this area is subsequently less. With units starting from as low as 20 lakh up to 2.5 crores depending on the type of amenities and facilities offered. But most of these residential units are in the price range of 20-60 lakhs. The capital market might be enduring a hard spell, but the rental market has seen a boom with 2BHK’s being the most popular accommodation choice. Again the rent varies from a two-bedroom house depending on the amenities and facilities offered. Rent start from 10,500 all the way up to 22,000.

Real-estate developers have seen the potential that eastern part of the city possesses and are setting their sights in constructing new ventures to accommodate to growing working population. And it is also a positive for the seller as with growing demand we could see a hike in prices in the near future and it would be great for the investor.

SARJAPUR:

In this area, most of the real-estate activity is seen from HSR layout to Sarjapur road as you can commute easily to IT hubs. With frequent plying of public transport services, it makes it easily accessible for working professionals to commute to work. The only drawback is, the roads are horrible during monsoon and during peak traffic time it can be a cause for concern.

WHITEFIELD:

It is the IT hub of Bangalore. BMTC is the only public transport facility. The proposed metro line will soon soothe the traffic congestion at this locality. The KR Puram railway station also acts as a mode of transit. There is a lot of infrastructural progress to take place to ensure smooth connectivity in Whitefield and it will reap benefits in the future.

NORTH BENGALURU:

This zone of the city is located close to Kempegowda International Airport with the proposed phase 3 of metro set to get underway. It is also connected to the Outer Ring Road. The infrastructure in this part of Bangalore is good with good drainage system and water pipelines. The drawback would be that social infrastructure is yet to be developed and most of the residents are dependent on water supply from tankers as it is very cute.

BANNERGHATTA ROAD:

The south of Bangalore preferred currently as it is close to central Bangalore. It has a terrific social infrastructure and even few IT companies are situated there. You can easily access Sarjapur road, Hosur road, and Electronic City. The NICE road connects Bannerghatta road to Mysore road, Kanakapura road, and Hosur Road. Currently, there has been no proposed work for a Metro line.

ELECTRONIC CITY:

It has seen a growth in the residential sector solely due to numerous IT parks located there. It is connected to the rest of Bangalore through the four-lane express toll-way. Social infrastructure is yet to catch up as most of the localities are under the sphere of gram panchayat’s which are not well equipped to handle the issues of large communities popping up in the corridor.

Evaluate Your Options When Planning To Purchase Your Dream House

With Dasara and Diwali right around the corner, potential buyers need to evaluate their options and undertake an informed decision when purchasing the house of their dreams during this festive season. During this festive period, buyers will have to pick the offer which they find attractive from many options. It’s not just property developers and builders who propose tempting offers, the banks to provide attractive deals on home loans. It is important for a potential customer to prioritize his options on exciting offers on the apartment and home loans and select the best deal which suits him/her.

Here are a few guidelines for potential home buyers to consider when they are making a purchase on a flat or a house during the festive period.

1. Identify your perfect house from evaluating multiple options: A buyer must be able to pick a house which he/she feels is perfect for him/her. He/she has to consider various factors such as the location of the house, the amenities that the flat provides when the flat will be ready to move in and most importantly the price. Once you, the potential buyer have made an informed decision ensure you meet the builders as soon as possible to finalize the deal, also make sure you are well informed on all the offers that arise during Diwali and Dasara.

2. Ensure your finances are in place: Make sure your finances and necessary paperwork are in order. You will have to make a down payment once the deal is closed. If you are considering approaching a bank for down payment make sure you are well updated on the EMI’s. A large down payment would mean a lower EMI.

3. Plan well ahead for the cost of interiors: You need to ensure you have a plan in mind on how the interior in your apartment should look like. Plan well in advance on how you dream house should look like. If you plan to purchase furniture early it will not only make your home purchase process smoother but also it will make repayment of your home loan much more convenient.