In recent years, Bangalore, also called the silicon valley of Of india, continues to grow rapidly. The city’s lifestyle, demographics and job opportunities have Godrej Crest Vashi attracted people from all over Of india. With this, the necessity for luxury apartments in good locations has also surged. Customers are not only viewing these homes as an asset, but also as a change that gives an enriched lifestyle.
Spurt in luxurious apartments in Bangalore
Within the last few few years, Bangalore’s market has seen a tremendous 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 row houses equipped with all the modern amenities.
Earnings 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 pillow feet area, but also have many benefits 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
North/North Rest of the world
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 to its prime location, good on-line and ongoing facilities development. Numerous luxury houses have come up in the neighborhood between Hebbal and Yelahanka. North Bangalore has all the potential to develop as the switch of premium residential homes.
In the south, Bannerghatta Road has seen a tremendous increase in premium villas and houses priced between Rs 1. 5 to 4 crores. Localities like J P Nagar and Banashankari too may see a tremendous increase in high-end residential villas.
Premium villas have come up in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The price ranges between Rs 2 to 4 crores. Proximity to the city’s airport and extensive bus on-line has added tremendous value to these areas.
Rest of the world
Several high-end residential projects have been launched in places like Yeshwantpur and Medical professional Rajkumar Road. Because of presence of several retail chains and hotels, demand for villas from these places have raised dramatically.
Currently, there are many luxury home units in the city at various development of planning and construction. Value of luxury homes in Bangalore is much higher as compared to other metros in Of india. The conducive real estate scenario in the city will further propel the demand of high quality housing in coming days.