Property Innovations: Luxury Apartments in Bangalore

In recent years, Bangalore, also known as the silicon valley asia, has grown rapidly. The city's lifestyle, demographics and professions have attracted people from all over India. Using this, the need for luxury apartments in good locations has surged. Industry is not just viewing these homes being an asset, but additionally being a change that gives an enriched lifestyle.

Spurt in luxurious apartments in Bangalore

Within the last few years, Bangalore's market has witnessed an increase in luxurious houses. These houses are primarily targeted towards high net worth individuals and thus, real estate developers are concentrating on high-end villas and row houses built with all the modern amenities.

Profitability may be the main reason for developers to sign up the premium houses bandwagon. Prices of such homes range from Rs. 2 to 12 crores. The homes aren't just large with regards to sq . ft . area, and also have advantages such as Wi-Fi, children's pool, jogging track, badminton courts, sensor locks, etc.

Thanks to technological advances, developers have the ability to build customized villas having amenities of international standards. Bangalore's real estate property developers have reinvented their offerings every so often, that have further fuelled the requirement for high-end residential homes.

Region wise growth of premium apartments

North/North West

A few premium apartment projects ranging between Rs. 2 to 4 crores are already undertaken inside the sub-markets of places like Hebbal. Developers chose the place because of its prime location, good connectivity and ongoing infrastructure development. Numerous luxury houses have fallen in the spot between Hebbal and Yelahanka. North Bangalore has each of the possible ways to develop as the hub of premium residential homes.

South

Inside the south, Bannerghatta Road has seen an outburst in premium villas and houses priced between Rs 1.5 to 4 crores. Localities like J P Nagar and Banashankari too have witnessed a surge in high-end residential villas.

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East

Premium villas have fallen in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The value ranges between Rs Three to five crores. Proximity on the city's airport and extensive bus connectivity has added tremendous value to the telltale areas.

West

Several high-end residential projects have already been launched in places like Yeshwantpur and Dr Rajkumar Road. Because of presence of several retail chains and hotels, interest in villas readily available places have raised dramatically.

Currently, there are many luxury home units in the city at various stages of planning and construction. Worth of luxury homes in Bangalore is much higher as compared to other metros in India. The conducive property scenario from the city will further propel the need for good quality housing in coming days.

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