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This phrase might delight many of the residents of Bangalore who now want to live a lavish lifestyle. Bangalore (popularly known as Bengaluru) is the IT hub of the country and fast emerging to be an attractive residential destination for expatriates from all across the country.
Bangalore real estate sector has seen tremendous growth since last few years and is at par with the cities like Delhi or Mumbai in terms of development. The year 2015, carrying on with the previous year’s trends, saw a continued supply of row houses and villas in the city and the areas on the outskirts of the city catered to this demand very nicely due to ample availability of land.
Since the prices of land are rising too high, builders choose to develop villas on the suburbs of the city where the prices are comparatively low and the land availability is enormous besides having good connectivity to workplaces like Sarjapur Road, Outer Ring Road(ORR), Whitefield, etc. Also, another benefit of owning a villa is that it gives you complete ownership of land, unlike an apartment. Areas in East Bangalore accounted for the maximum supply of villas (70%) followed by South Bangalore (21%) and North Bangalore.
West Bangalore, however, did not have much of a contribution in Bangalore Villas for Sale, this year. The localities having maximum new launches of Bangalore Villas for sale are Off Sarjapur Road, Whitefield, Devanahalli, Bommasandra, KR Puram, Konanakunte, Chandapura, and Anekal. It has been observed that the maximum demand for these new projects came from HNI’s, COO’s of top firms and other professionals at top managerial positions who are promoting the developers to come up with new projects in these peripheral areas since these people prefer to stay in luxury apartments having good connectivity options. Another interesting trend that has been observed here is that these villas serve as a good option of a second home for many of the buyers staying abroad or outside the city or who want to keep them as their vacation homes.
The best localities having good options of Bangalore Villas for Sale are -
Whitefield: It is an IT hub and one of the most expensive residential areas in the city housing many residential apartments as well as leisure facilities in the form of mini townships. Developing at a rapid pace, the charm and luxury of this locality are incomparable and that is what makes it a home to many top-level professionals of the various companies. The area has a wide range of housing options in all budgets varying from gated complexes to 1, 2, 3 BHK apartments to luxurious villas. It provides excellent connectivity to the major locations of the city via its ORR and Peripheral Road through all means of transport and has top educational institutions, proximity to commercial offices besides offering great infrastructural facilities.
Anekal: This area lies in South Bangalore and has planned layouts in the form of residential areas, villas, villa plots, and mini townships. Offering excellent connectivity to the main city of Bangalore via 4 lane highways it is an area away from the hustle and bustle of the city. There are several commercial projects, entertainment complexes and educational institutions coming up in this area so the property prices are expected to rise at Anekal.
Sarjapur Road: This area lies close to the prime locations of the city namely Whitefield, Electronic City, Koramangala, Marathahalli and Outer Ring road and is easily approachable through all means of transport. The area has a wide range of residential properties varying from 2,3BHK flats to apartments and villas with the property prices varying accordingly.