House Hunting In Bengaluru? Here’s Where To Look If Your Budget Is Tight And Under Rs 50 Lakh
Several developing areas on Bengaluru’s outskirts are still offering budget friendly homes, with 2BHK apartments, between 750 and 900 square feet.
Bengaluru has become a hot spot for IT professionals and startup entrepreneurs, which has led to a surge in property demand. As a result, property prices in prime areas have gone up and it has become tough for homebuyers with a budget under Rs 50 lakh to find affordable options. However, there’s good news for such buyers. Several developing areas on the city’s outskirts are still offering budget friendly homes. Reportedly, these areas have 2BHK apartments, between 750 and 900 square feet, which are usually built by small or medium level builders. They are not too expensive and a better option for people who want to buy a home in the Silicon Valley of India without spending too much.
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As per Hindustan Times, there are many places where you can still find flats under Rs 50 lakh, including the outskirts of Sarjapur and Whitefield in the eastern IT corridor. Kanakapura Road and Electronic City Phase 1 and 2 are also popular among budget buyers. Chandapura, close to Electronic City, has 2BHK options starting from Rs 45 lakh, while Hoskote is also becoming popular, with similar flats for around Rs 47 lakh. Devanahalli and Nelamangala also offer several low cost choices. Other budget friendly places include JP Nagar 7th Phase and Puttenahalli.
Speaking about affordable homes in Bengaluru, Kiran Kumar from Hanu Reddy Realty said, “The few options available near the city centre often come with significant compromises. These are typically projects by smaller local developers, often situated on narrow lanes or in low-lying areas. Many also face issues related to incomplete documentation or ongoing land disputes. This locality is gaining attention due to its affordability and upcoming infrastructure projects."
Sunil Singh, director of Realty Corp, added that most of the flats in the above mentioned areas are 2BHK and have a carpet area of around 750 to 900 square feet. Some of them are brand new, while others were built more than 5 to 10 years ago. These are usually individual apartment buildings, not part of large townships or big gated communities.
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