Top 5 Affordable Housing Projects In Bengaluru
India’s Silicon Valley, Bengaluru, was recently ranked amongst the top ten cheapest cities of the world by the Economist Intelligence Unit’s Worldwide Cost of Living Survey 2018. Affordability is a huge pull factor for aspiring homebuyers eyeing the city.
PropGuide lists the top five residential projects in the city under the affordable bracket of Rs 40 - 50 lakh.
Rays of Dawn
It is a 60-acre residential property located in southwest suburbs of the city at Kumbalgodu on the Mysore Road. Developed by Provident Housing, Rays of Dawn offers 1,344 units of 2 and 3BHK apartments sized between 883 sqft and 1,082 sqft. Launched in September 2013, the project will be ready for possession by November 2018. The locality is connected by the Phase 1 of Namma Metro as well as areas like Electronic City, NICE corridor, Bannerghatta Road and Hosur Road. There are thriving industries and IT offices nearby with well-developed social infrastructural facilities within five kilometres from the property.
The apartments are priced between Rs 43 lakh and Rs 49 lakh with rental scheme and flexible payment options.
Park Cubix, Phase 1
Park Cubix, Phase 1 is a residential offering by Salarpuria Group located in the business hub of Devanahalli in northeast Bangalore. Spread over 18 acres, the property offers 810 units of 1, 2 and 3BHK homes with sizes varying between 656 sqft and 1,498 sqft. The possession of the apartments, launched in September 2017, is scheduled for March 2022. The developer has included several lifestyle amenities including a shopping complex and opted for a strategic location with proximity to the Kempegowda International Airport, Whitefield, Hoskote, KIADB Industrial Area, Nandi Hills, and many SEZs and technology parks.
The apartments are priced between Rs 26 lakh and Rs 61 lakh.
Sunworth, Phase 1
Launched by Provident Housing in January 2013, Sunworth, Phase 1 is a 59-acre contemporary housing project located at Kumbalgodu. It provides 1,440 apartments of 2 and 3BHK layouts with sizes starting from 800 sqft to 1,083 sqft. Their possession started since April 2016. The property is within 10 kilometres from NICE Junction, Global Village Tech Park, RV College of Engineering, Bangalore University which easy access to Namma Metro Phase I, HAL international airport and Bidadi Industrial Area. Numerous lifestyle amenities and shops for daily convenience are within easy reach for the residents.
New apartments have priced between Rs 36 lakh and Rs 48 lakh while resale apartments are priced at Rs 55 lakh onwards.
Life Plus
A premium 18-acre project with low-rise apartments by Godrej Properties, Life Plus is nestled at Kanakapura road Beyond Nice Ring Road, in south Bangalore. There is a total of 480 units of 1, 2 and 3BHK homes sized between 712 sqft and 1,938 sqft. Launched in December 2017, the property, constructed in various phases, will be available for possession by December 2020. An upcoming Metro link at Vajarahalli, proximity to IT hubs of Electronics City and Bannerghatta Road as well as smooth access to routes like Outer Ring Road and Mysore Road, are the key attractions of the property.