Check These Areas For Ready-To-Move-In Homes In Bengaluru
If you are keen on property investments in India’s information capital, this festive season is the best time for you. Also, you don’t need to settle in for an under-construction project but can easily hop on to a ready-to-move pad. PropTiger.com data show that developers in Bengaluru have an unsold inventory running into over 75,000 units. Mentioned are localities hosting these newly built ready-to-move-in units.
Average rate (per square foot or psf): Rs 4,848
Livability score (on a scale of 10): 7.5
This peripheral locality in the east of the city should be your first choice, especially if looking for a 2BHK homes. Varthur has both the highest collection of ready-to-move in unsold stock and the largest stock of 2BHK homes, data available till July this year show. A total of 2,379 fresh 2BHK and 1, 235 3BHK unsold units are available here. Investors should note that property values have appreciated by nearly 43 per cent here in the past six years.
Average rate psf: Rs 5,404
Livability score: 8.3
The emergence of this locality as a residential hotspot has coincided with its molding as an industrial hub. Consequently, property rates here have increased remarkably in the past five years, a muted price growth impacting the entire country notwithstanding.
The locality currently has up for grabs a good mix of 2 and 3BHK homes, totaling nearly 3,000 units.
Average rate psf: Rs 5,200
Livability score: 8.1
Nearly 2,200 ready-to-move-in 2BHK homes are in Jakkur, a fast-developing suburb in Bengaluru, which is also a preferred renting and residential choice for the migrant working population in the city. While 1BHK units don’t seem to be the preferred choice of Bengaluru buyers, those who want to invest in this configuration would also find plenty of choices here.
With increasing demand, property values here have appreciated more than 25 per cent in the past five years.
Jakkur’s road connectivity is a factor that recommends it highly; the area has an eponymous railway station.
Average rate psf: Rs 3,938
Livability score: 7.8
A self-sustainable locality which offers plenty of housing choices in affordable prices is the Electronic City Phase 1. Although, it is nearly 18 kms away from the city center, it will soon have Metro connectivity that will cut the travel time substantially and link the area with key locations in Bengaluru.
At 550 units, this locality has the largest number of new ready-to-move-in units, data show. It also has over 1,500 unsold 2BHK homes.
Average rate psf: Rs 4,200
Livability score: NA
Another self-reliant township that offers a perfect mix of job and living opportunities, Electronic City Phase 2 is a suburban location in Bengaluru where property values have undergone trend-defying appreciation in the past. PropTiger.com data show that property rates in this locality have risen by nearly 45 per cent in the past six years.
Currently, Electronic City Phase-2 has 2BHK options totaling 1,282 units and 3BHK options of 1,011 homes.