Top 5 Posh Localities In Bengaluru
Bengaluru is one of the few cities in India that offers the right mix of affordable and luxury properties. While affordable segment has been a preference among many, luxury real estate is now gaining momentum with the rise in disposable incomes of the professionals here. According to PropTiger DataLabs, there are a few posh localities that are hit among luxury property buyers. These localities are listed based on the number of units sold during January to March 2017.
Bellandur tops the chart when it comes to posh localities in Bengaluru. With many leading technology parks lying in proximity with Bellandur, the locality is connected to areas such as KR Puram and Whitefield via Outer Ring Road (ORR). Some of the luxury projects in Bellandur includes Rohan Iksha, Mantri Espana, Prestige Kew Gardens, Adarsh Palm Retreat Villas and Embassy Pristine. With a price appreciation of 18.4 per cent in past six months, the average property price in Bellandur stands at Rs 5,722 per square foot.
Whitefield Hope Farm Junction
Whitefield has always been known for being home to some of the leading IT giants including Dell, IBM and Wipro. With a wide population of working professionals, the locality also has a wide range of luxury property to offer, too. Some of the luxury projects in the locality are Raffles Residency Pvt Ltd Raffles Park, Vishnu Priya Parimala SkyView, Spectra Palmwoods and Sumadhura Silver Ripples. With a rise of 22 per cent in property prices in past 50 months, the average property price in Whitefield Hope Farm Junction stands at Rs 4,900 per square foot.
Devanahalli is witnessing coming up of a large number of IT and business parks. The locality is experiencing expansion in both commercial and residential real estate. Some of the luxury projects in the locality are Bonitas Developer Residency, Fortius Under the Sun, Amulya Valais, Ozone Urbana Heights and Dhammanagi Kings Ville. With a rise of 17.4 per cent in last six months, the average property price in Devanahalli stands at Rs 4,468 per square foot.
A key location lying close to business parks such as Tata Tech Park and Kirloskar Business Park, Hebbal is a residential locality for those looking for the best of luxury properties. Some of the luxury projects in Hebbal are Sterling Pointe, Metrocorp Lotus Heights, KBR Homes Elite, Vaishnavi North 24 and Reputed Builder White House. With a rise of 35.3 per cent in last six months, the average property price in Hebbal stands at Rs 8,688 per square foot.
KR Puram is encapsulated by IT hubs of Whitefield and Marathahalli. It has everything that a locality must possess to serve the needs of the residents looking for luxury. Prominent luxury projects in KR Puram are Skylark Ithaca, Amintha Akshaya Gardens, SKAV Developers Ohana and Whitestone Projects Rosario. With a rise of 22.3 per cent in last six months, the average property price in KR Puram stands at Rs 4,161 per square foot.
These were the top five posh localities in Bengaluru in 2016...
Real estate in Bengaluru, the Silicon Valley of India, has grown in line with the growth seen by the city's information technology (IT) industry. For those looking for luxury apartments in Bengaluru, the IT capital of the country, the choices are many in terms of both projects and localities. PropGuide list five localities in Bangalore that offer you everything posh and all that comes along with it:
Properties in Sadashiva Nagar
When you speak of highly expensive real estate markets in Bengaluru, Sadashiva Nagar will certainly top the chart. The who's who of the state have houses here and being a resident of this locality is not only about possessing a piece of property; it means you have arrived in life. Some of the prominent luxury projects in Sadashiva Nagar include Legacy Adonia by Legacy Group, Ekaswaroopa by Terrace Space, Orchid by Embassy, Orchards, Sankey Court and Sankey Apartments by Sterling, Regency Orchard by Properties and Capricorn by Enterprises. Average property prices per square foot (sq ft) in the area stand at Rs 24,800.
Ulsoor real estate
One of the oldest neighbourhoods in Bengaluru, the setting of this locality is perfect. Dotted with several temples and surrounded by a lake, Ulsoor stands as a fine example of the cosmopolitan culture Bengaluru is famous for. At Ulsoor, business and personal real estate have grown hand in hand, putting the locality into the list of the most desired real estates in Bengaluru. Developers who have luxury projects in Ulsoor include Ozone Group and Puravankara Projects. At present, property prices in Ulsoor stand at Rs 24,500 per sq ft.
Flats in Vasanth Nagar
What lies in the centre will certainly be the centre of attraction among the opulent. This is why retired bureaucrats and politicians of the state have Vasanth Nagar as their address. Surrounded by everything nice that Bengaluru has to offer, this locality is developers' favourite for constructing luxury housing projects. Premium projects like Madelia, Cataleya, Edwardian, Rhapsody and Park Avenue have seen buyers making a beeline to book apartments in Vasanth Nagar. A relatively affordable luxury real estate, property for sale in Vasanth Nagar is priced at Rs 21,400 per sq ft at present.
Apartments in Ashok Nagar
Need we say more when we are talking about a locality that falls within the central business district of Bengaluru? And this is why the top names in the construction business are active in this locality, developing luxury housing here. The list of developers active in the area includes the likes of Mantri Group, Embassy, and Marvel Realtors. For a buyer's benefit, property prices in Ashok Nagar have gone through a correction and by shelling out Rs 19,400 per sq ft, you could book a home here.
Luxe in Richmond Town
Richmond Town, too, is the centre of attraction among home buyers, quite literally. A locality that comes with everything that the central locality of a city should, Richmond Town has premium properties by SRR Homes, Indraprastha and Skyline Constructions. You will have to spend Rs 19,300 per sq ft if you want to buy a new apartment in Richmond Town, as property prices have gone up when compared to last year.
With inputs from Sunita Mishra.