Where To Buy An Apartment In Bangalore

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Where to buy an apartment in Bangalore
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With a total population of over 10 million
people,Bangalore is the third most populous city
of India. As the city represents modern face
ofdeveloped Indian economy its population has
grown rapidly from a small figure of 5.1 million
in 2001. Main reasons behind this huge growth is
the cosmopolitan nature of the city and being a
major IT hub of South India, the vibrant city
invites people from far and wide. This in turn
has leadto a huge demand for housing and urban
expansion.
Where to buy an apartment in Bangalore
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Bangalore is developing in a radial pattern and
its limits are expanding every year.One of the
few Indian cities that actually have a
walk-to-work culture, every centre of employment
inBangalore has a residential micro-market
around it where employees of these companies rent
accommodation.These neighborhoods are
self-sufficient as they have grocery and
convenience stores andother amenities within
walking distance.
Where to buy an apartment in Bangalore
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There are many pros and cons of living in
Bangalore. The major problems residents face is
shortage of potable water, erratic electricity,
bad and chaotic roads and disposal of garbage.
However on the brighter side the Metro train is
up and running and the real estate market remains
stable with many ready-to-move-in options
available. This is where a good broker can help.
Earlier people used to avoid brokers but now more
than 60 of the total sales are trough brokers.
Prominent brokers are PropTiger, India Homes,
Network Ventures etc.
Where to buy an apartment in Bangalore
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The new growth areas for Bangalore is scattered
in all directions, North, South, West, East and
Central.
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Where to buy an apartment in Bangalore
EAST BANGALOREA major hub for IT Parks
companies. Areas like Whitefield, Marthelly,
Verthurare expensive but will continue to thrive
on the back of increasing investment by the IT
industry and the aerospaceSEZ being planned by
the Government. With accessibility through
Sarjapur Road Outer Ring Road (ORR)the villas
in Whitefield and Verthur have attracted great
response. Also the projects on ORR are likely to
see incremental sales on the back of residential
projects nearing completion.
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Where to buy an apartment in Bangalore
NORTH BANGALOREIt remains much sought after with
60 to 70 of NRI investors investing in
residences in areaslike Hebbal, R T Nagar etc.
Being close to the airport and with vastly
improved infrastructure these areas witnessed the
highest appreciation in residential properties
with moderate to luxury housing ranging from 30
lakhs to 30 crores.The potential for great
capital appreciation remains high with the
proposed high-speed rail link,the Hebbal -
Yelahanka expressway, the elevated expressway to
BIAL, the advent of the monorail besides the
government having committed more than 300 crore
to develop tech-parks.
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Where to buy an apartment in Bangalore
CENTRAL BANGALOREThe areas that enjoy a lot of
popularity among renters and buyers are MG Road,
Cunningham Streetand Brigade Road but finding an
affordable house in these areas is quite
difficult. Aside from these much sought after
areas, there are quite a few other residential
localities but very few residential units are
available.
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Where to buy an apartment in Bangalore
WEST BANGALOREIs a prominent locality, which is
a hub of Industries. The zone also comprises of
few residential projects but the majority of the
area is industrialized.
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Where to buy an apartment in Bangalore
SOUTH BANGALORESouth Bangalore has in the recent
past seen a flurry of activities in the
residential sector making it one of thefastest
growing sectors in whole of South India.
Bannerghatta Road, JP Nagar and Jayanagar
witnessed sky rocketing prices. Electronic City,
was identified for critical infrastructure
development leading to the Hosur Expressway and
is now home to Large IT campuses of Wipro,
Infosys etc besides providing a variety of
residential options. Though considered a little
away from the city centre with Malls, hospitals
etc 12 Kms away it is catching popularity because
of excellent roads and the upcoming railway
connectivity linking it to Whitefield etc. Ready
residences close toIT Campuses are still
available at affordable rates.
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Where to buy an apartment in Bangalore
So if you are looking to buy or rent a
residential apartment, there are a lot of options
fromaffordable to luxury spread in all
directions. While Central and West Bangalore
seems to have limited inventoryand those
available would come at a premium. North
Bangalore has much to offer but again is more
expensive compared to the East South. With many
ready-to-move options, bargaining for an
apartment close to your area of work seems to be
the best bet. After all Indias Silicon City is a
great city to live and work in.