Bengaluru has turned into one of the largest IT hubs in India. Being one of the biggest cities in India, Namma Bengaluru has turned home to many professionals and companies which in turn has increased the prices in many localities. This blog has 10 areas listed where you can get housing for cheap along with many amenities as well. Here’s a list of the top 10 affordable places to buy properties in Bangalore.
1. Banashankari
2. Chandapura
3. Devanahalli
4. Electronic City
5. Horamavu
6. Jayanagar
7. Kanakpura Road
8. Marathahalli
9. Sarjapur
10. Yelahanka
Covering the 10 most affordable places to buy properties in Bangalore
1. Banashankari
One of the well-established areas in Bangalore, Banashankari, is connected to many parts of the city. It houses many BDA parks, departmental stores, educational institutions, etc. And various other facilities which provide a comfortable lifestyle. This area provides comfortable accommodation, which is a plus point. This area has many amenities available and provides an affordable lifestyle which is a boon.
2. Chandapura
Chandapura is one of the affordable areas and the best option if your objective is to live closer to the Electronic City and the IT Hub. The initiative to implement the Metro made the place a better place to live in. Rents for 1BHK start from ₹8,200 and can go up to ₹9,200. Many amenities are available as well
3. Devanahalli
Devanahalli, present on the Northern side of Bengaluru is one of the developed parts of the city. It provides many developable lands and is close to the Kempegowda Airport and has many amenities like the Devanahalli Business Park and the Space City, etc. Even though it is surrounded by an airport, you can get an apartment for a low price such as ₹9,000 and can go up to ₹20,000.
4. Electronic City
India’s largest electronic industrial park, spread over 800 acres, is located in Electronic City, which serves as the major hub. The area is divided into Phase 1, 2, and 3, and is close to many developing and developed areas such as HSR Layout, Harlur, and Bommanahalli. Even though this area is the best locality in the city, it offers homes at affordable prices which start from ₹9,000 and can go up to ₹20,000 or maybe higher as per the preference.
5. Horamavu
Horamavu is a choice that comes to mind while purchasing a property. This locality is present around the Outer Ring Road and is surrounded by other well-known areas like Ramamurthy Nagar, Kalyan Nagar, and Hennur Gardens. Well-known Tech Parks are around this locality which makes it a preferred place for renting a house. Rents start from ₹5,500 and can go up to ₹40,000 according to the requirement.
6. Jayanagar
Jayanagar, hailing from the southern side of Bangalore, provides affordable houses. It has great food joints and supermarkets around. Even though Jayanagar has many amenities available, it provides cheap housing compared to other parts of Bengaluru. Rents can start from ₹10,700 and can go up to ₹45,000 or higher.
7. Kanakpura Road
Kanakpura Road is one of the greenest areas in Bangalore which has shown a rapid development. Established areas such as JP Nagar, Banashankari, and Anjanapura surround this area, which enjoys seamless connectivity through various highways and roads. Prices range from ₹5,000 and go up to ₹23,000.
8. Marathahalli
Marathahalli is one of the reasonable and Affordable Places to Buy Properties in Bangalore to live in. Many options are available, which is rewarding since many IT professionals reside in this area. Many well-known areas like Domlur, Whitefield, and major of the IT hubs are connected. This area consists of many amenities as well. Rents in this area can go from ₹11,500 and go up to ₹25,000 depending on the requirements of the customer.
9. Sarjapur
Sarjapur has excellent connectivity along with business hubs like Whitefield and the Electronic City which makes it one of the best localities in Bengaluru. It is connected to major roads like ORR, and the SH-35 which boosts overall connectivity. Rents start from ₹9,000 and go till ₹45,000 or higher.
10. Yelahanka
Yelahanka is a clean and quiet area compared to the other parts of the city. Many projects have started over here and it consists of the Air Force Station, and the CRPF Base. Prices start from ₹3,700 and go up to ₹30,000 or higher.
Conclusion
In the end, these are a few of the top areas present in Bengaluru that provide housing facilities at a very affordable price which comes with many amenities like malls, hospitals, schools, colleges, etc. and they are near to most of the developed parts of the city with easy connections to the metro and airport
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FAQs
Is buying property a good investment in Bangalore?
Buying property can be a good investment in Bangalore, as the city has a growing population and a strong economy. However, like any investment, it comes with risks and requires careful consideration. It’s important to research the market, choose a desirable location, and factor in maintenance costs and potential rental income. It’s also important to have a long-term perspective and be prepared to hold onto the property for several years to see a return on investment.
What are some factors to consider when buying property in Bangalore?
Some factors to consider include location, property type, budget, amenities, and future development plans in the area.
What are some popular areas for property investment in Bangalore?
Popular areas include Whitefield, Sarjapur, Electronic City, Yelahanka, Devanahalli, and other areas with upcoming infrastructure projects and development plans.
How can I finance my property purchase in Bangalore?
Financing options include home loans from banks or housing finance companies, using personal savings, or a combination of both.
Is it right time to buy property in Bangalore?
The real estate market in Bangalore has been relatively stable in recent years, with steady demand and price growth. However, like any market, it can be difficult to predict future trends. It’s important to do thorough research, consult with experts, and consider personal circumstances and goals before deciding whether it’s the right time to buy property in Bangalore.
