Affordable 1 and 2 BHK in Bangalore

For most of us, owning and living in budget homes may be the only viable option when it comes to homeownership. Fortunately, the bulk of the new developments under construction in the country cater to this segment of homebuyers and finding such homes is often an easier task than purchasing more luxurious properties.

Many flats are built keep the budget homebuyer in mind and the locality of Subramanyapura is one such locality where 2 BHK flats in Bangalore can be bought for less than 40 lakh rupees. Flats here are priced at an average of 5,250 rupees per square foot and have appreciated by over 15 percent during the past 3 years pointing to a robust real estate market in the locality. The rate of price appreciation at the said locality has largely consistently followed an upward trajectory since 2013 with very little price volatility since.

Subramanyapura already has over 40 completed developments with another 10 developments currently under construction. For buyers who are committed to own property in Bangalore but who do not necessarily have the means to purchase homes in exclusive developments located at post localities, Subramanyapura offer a blend of neat homes in an area with advanced social infrastructure where all necessary amenities may be found.  

For buyers in the market for 1 BHK flats in Bangalore the locality of Subramanyapura may be a godsend as Subramanyapura may have evolved to provide homebuyers the opportunity for the same at very modest prices. An upcoming development here offers 1 BHK 660 square foot flats for a tad under 30 lakhs; the development in question is expected to be completed within the next 3 years. Those who seek a larger living space and would like to opt for the option of owning 2 BHK flats in Bangalore may have their desires fulfilled at Subramanyapura where a 2-bedroom flat can be theirs for 39 lakhs, the development where the apartments mentioned are located is slightly more than two years old and unit prices here have appreciated by over 17 percent during the past few years.

There are however apartments at Subramanyapura that are priced well within the means of even the middle income group and perhaps even the lower income group; upcoming projects in Bangalore at Subramanyapura offer 1 bedroom flats that can be bought for less than 20 lakhs. Although the price of the apartment units in the project has depreciated by over 5 percent during the past 2 years, for buyers seeking affordable housing in Bangalore this may present an opportunity rather than an obstacle. The expected date of completion of the project is placed at the second half of the current calendar year.

As can be garnered from the comments above, Bangalore offers homebuyers a diversity of options even within the budget home’s segment. Many such homes are priced well over 35 lakhs yet a few are priced below 20 lakhs and may serve as ideal homes either as an investment or for end use. In addition due to the great amenities within the vicinity of Subramanyapura, such homes may serve a dual purpose as an investment home that generates rental income for the investor.