These Bengaluru Localities Offer Luxury Property Within Rs 1-1.5-Cr Budget

Bengaluru’s luxury housing market is among the most promising such markets in India. India’s information technology capital, which has been named the world’s most dynamic city  by a global property consultant, has seen significant growth of super-luxury residential development in recent years. The focus of luxury housing development, which was earlier limited to the city centre, has shifted to north Bengaluru and parts of south and south-eastern localities. PropGuide gives you an insight into some promising micro-markets of Bengaluru, where you could find the highest number of projects offering apartments for those with a budget of Rs 1-1.5 crore.

Whitefield Hope Farm Junction (south-east): This locality has emerged as the choice of dwelling for many working in IT hubs around here. Located in the suburbs of the city, Whitefield Hope Farm Junction provides a cosmopolitan living style to the youth here. Those looking for a luxury residential property in the price bracket of Rs 1-1.5 crore will find 14 projects here. With an average per square foot (psf) price of property standing at Rs 5,300, one could get apartments in 3BHK, 3BHK+ and 4BHK configurations. Some of the prominent developers here include Prestige Group, Vaswani Group and DNR Group.

Yelahanka (north): Yelahanka is known to be a self-sufficient township, which over the years has developed into a prime property market. Known to house some of the luxurious projects, Yelahanka is well-connected to other parts of the city through the State Highway-9, and will soon have a Metro station of the Airport Line. Property owners, who are interested in Yelahanka, look for the luxury projects that are available for an average psf price of Rs 4,949. So, one could find a 3BHK, 3BHK+ and 4BHK unit in 13 projects in a price bracket of Rs 1-1.5 crore. Some of the prominent developers offering these apartments include Legacy Global, VIP Global Realties, Unicon Shelter and Vajram.

Sarjapur (south-east): Lying close to Kormangala, Whitefield, Electronic City and HSR Layout, Sarjapur is lying in the middle of several IT hubs. Consequently, property prices in the locality that have surged by over 17 per cent in the past six years. The psf property prices here now stand at Rs 3,212. One could find 3BHK+ and 4BHK apartments in as many as 13 projects in the price range of Rs 1-1.5 crore. Developers that have projects here include Melange Prime Properties, Casagrand Builder, Vivansaa and Pushpam.

Harlur (south): This is another emerging locality in south Bengaluru for luxury properties. It currently has 13 projects that offer 3BHK and 3BHK+ apartments priced between Rs 1-1.5 crore. Harlur, which is a sub-locality in HSR Layout, also caters to a large working population around. Buying a psf of property in this locality comes at a premium price of over Rs 5,600 (a growth of 19 per cent in past six years). Some of the most promising developers have projects here, including Godrej Properties, Prestige Group and RBD Shelters.

Yeshwantpur (north): Located 11 km from the city centre, Yeshwantpur is surrounded by many old residential localities, making it a well-developed locality with civic and social infrastructure. The premium quotient of the locality can be seen in the psf price of property here that stands at Rs 7,400, growing 40 per cent in past six years. There are nearly 13 projects offering 2BHK, 3BHK and 4BHK apartments in Rs 1-1.5-crore budget. These projects are being developed by builders, including Shakti Infra Developers, Subhiksha Construction and SKAV Developers.

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