Answer ( 1 )

  1. Despite pandemic, Bangalore real estate market has maintained a steady graph. Although it came to a brief halt but there were a few reasons why Bangalore’s real estate market recovered quickly. A few of the reasons were; reduction in stamp duty (from 5% to 2% for property up to Rs. 20 lakhs, and from 5% to 3% for property between Rs. 21 lakhs and Rs. 35 lakhs), availability of online procedures for buying and selling of properties via various online portals, and of course excellent development projects which have been completed or are in the pipeline.

    At the moment the following localities in Bangalore have properties that are decently priced for their offerings. 

    Locality Avg. Price Per Sq. Ft. (in Rs.)
    Electronic City 5603
    Whitefield  7901
    Krishnarajapura 6323
    Yelahanka 6737
    Banashankari 8722
    Bellandur 8274
    Horamavu 6173
    Bommanahalli 6287
    Mahadevapura 7719

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    Let us look at some of the top preferred areas in Bangalore by real estate investors and developers.

    • Electronic City, Bangalore

    Electronic City is located in South Bangalore and offers everything from residential complexes, access to top commercial spaces and a well-built physical and social infrastructure. All these conveniences attract many real estate enthusiasts and investments in majorly 2BHK and 3BHK housing units. This area has a buzzing nightlife and offers almost everything one can ask for, from bars, pubs to quaint restaurants, you can have it all.

    Buy your dream home in Electronic City, Bangalore on NoBroker

    • Bommanahalli

    Another hotspot for real estate investors is Bommanahalli. Located adjacent to Hosur Road and NH44, Bommanahalli is a hub of residential and commercial complexes. It is within close vicinity of prime locations in Bangalore such as BTM Layout, HSR Layout and Koramangala. As these are the major areas of employment in Bangalore, many office goers prefer to invest in properties situated in this location. Apart from this, there are many educational institutions located in this area which attracts a host of students who look for PGs and flats.

    Find flats and apartments on sale in Bommanahalli on NoBroker

    • Krishnarajapura

    Krishnarajapura or KR Puram is located at the junction of Old Madras Road and Outer Ring Road. This locality has excellent connectivity to the other states because of KR Puram Railway Station. KR Puram has seen a significant development in terms of social and physical infrastructure. Many schools, hospitals and other utilities and amenities can be found here easily. People employed in Whitefield, Marathahalli, ITPL prefer housing in this area.

    Check out flats on sale in KR Puram Bangalore on NoBroker

    Going by the trends of previous years, Bangalore will remain among the top most preferred investments areas for real estate developers and investors. 

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