With the increase in the working population of the IT City, Bengaluru, the demand for residential apartments has taken a steep jump in recent years. However, across all the categories, ready to move in units have become more favourable among the homebuyers. To fill in this requirement, the IT city offers many localities where a buyer can easily avail a well-developed flat within Rs 50 lakh thereby not hitting their pockets.
K R Puram, prominent flourishing residential investment destination is home to many units which fall under the 50 lakh bracket. Because of its location and smooth connectivity, the area is preferred among the working population. The homebuyers can easily get 2 BHK units here at the starting price of Rs 35 lakh.
Another bustling suburb that offers home under Rs 50 lakh is Gottigere, which is located along the Bannerghatta Road. The locality lies in close proximity to NICE road that is known as the IT hub of Bengaluru. The average property price of an apartment here is 5022 /sqft.
Horamavu is another booming locality of Bangalore that offers ready to move in units with 50 lakhs. The USP of the locality is its serene and tranquil surrounding as well presence of lakes such as Horamavu and Agara. One can easily buy an apartment at an average price of Rs 4677 per sqft. Because of the good location and balance property rates, the area has attracted many homebuyers in recent times.
Last but on the least, Uttarahalli which is also known for the presence of Uttarahalli Lake, has grabbed the eye of many prospective homebuyers to invest in ready to move in residential units. One can easily buy a 2BHK flat with all the modern configurations in this locality at a starting price of Rs 40 lakh.