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Bangalore on a Budget: Top Locations for Affordable Homes
Affordable housing has become a critical need across Indian cities, driven by rapid urbanization, migration, and the increasing demand for homes catering to various economic backgrounds. Bangalore, known as the Silicon Valley of India, is no exception. The city’s booming IT sector has attracted professionals from across the country, escalating the demand for housing that is both affordable and well-connected to major commercial hubs. In this context, this blog delves into the affordable housing hubs of Bangalore, offering insights into the localities that are making homeownership accessible to a broader demographic.
Top 10 Affordable Housing in Bangalore
1. Malleshwaram, Bangalore
Nestled in the northwestern part of Bangalore, Malleshwaram is one of the city’s oldest residential areas, known for its rich cultural heritage and lush greenery. Despite its prime location and historical significance, the area offers a range of affordable housing options, from traditional independent houses to modern apartments. Malleshwaram’s proximity to major IT parks and commercial centers, coupled with its well-developed social infrastructure, makes it an attractive option for homebuyers
Seeking affordable flats in Bangalore in a vibrant community.
Starting Price for 2 BHK: ₹50 lakhs
Landmarks: Orion Mall, Indian Institute of Science
2. Kengeri, Bangalore
Kengeri, situated on the western corridor of Bangalore, is fast emerging as a key hub for affordable housing projects in Bangalore. The locality is witnessing the development of numerous residential projects catering to the mid-income group, thanks to its strategic location near the Mysore Road and the NICE Ring Road. Kengeri offers a tranquil living environment, away from the hustle and bustle of the city center, with ample green spaces and a growing number of amenities such as schools, hospitals, and shopping centers.
Starting Price for 2 BHK: ₹36 lakhs
Landmarks: Kengeri Satellite Town Station, Rajarajeshwari Medical College
3. Sarjapur, Bangalore
Sarjapur is a rapidly growing locality in the southeastern part of Bangalore, known for its connectivity to major IT hubs like Whitefield, Electronic City, and the Outer Ring Road. Sarjapur is a hotspot for affordable apartments in Bangalore, attracting IT professionals with its range of housing options.
The area boasts a variety of housing options, from value-for-money apartments to villas, alongside a robust infrastructure that includes international schools, hospitals, and shopping malls.
Starting Price for 2 BHK: ₹45 lakhs
Landmarks: RGA Tech Park, Decathlon Sports India
Suggested read: Affordable Housing Localities in Noida
4. Hoskote, Bangalore
Hoskote, located on the outskirts of Bangalore, is gaining popularity for budget apartments in Bangalore, particularly among those looking for spacious homes at competitive prices. The area benefits from its proximity to the IT corridors of Whitefield and the upcoming Bangalore-Chennai Industrial Corridor. Hoskote offers a blend of urban and rural living, with numerous residential projects underway, catering to a diverse range of homebuyers.
Starting Price for 2 BHK: ₹30 lakhs
Landmarks: MVJ Medical College and Research Hospital, Hoskote Lake
5. Electronic City, Bangalore
Electronic City, one of India’s largest electronic industrial parks, is a prominent affordable housing in Bangalore. The locality is home to hundreds of IT companies, making it an ideal location for professionals looking to live near their workplaces. Despite its status as an IT hub, Electronic City offers a variety of affordable housing projects, from reputable developers, providing modern amenities and good connectivity to the rest of the city.
Starting Price for 2 BHK: ₹38 lakhs
Landmarks: Tech Mahindra, Infosys Campus
Suggested read: Affordable Housing Localities in Faridabad
6. Hebbal, Bangalore
Hebbal, located in the northern part of Bangalore, is known for its serene lakes and well-designed flyovers that offer seamless connectivity to the airport and other parts of the city. Hebbal is a burgeoning area for affordable homes in Bangalore, particularly attractive to middle-income buyers. The area has seen significant infrastructure development, attracting real estate investments in affordable housing. Hebbal’s strategic location, coupled with the presence of tech parks and a range of amenities, makes it a sought-after locality for middle-income homebuyers.
Starting Price for 2 BHK: ₹60 lakhs
Landmarks: Hebbal Lake, Manyata Tech Park
7. Yelahanka, Bangalore
Yelahanka, situated to the north of Bangalore, is an area with historical significance, now transforming into a modern affordable housing hub. The locality is well-connected to the key employment centers of the city via the National Highway 44. Yelahanka’s planned infrastructure, including wide roads, parks, and a variety of housing projects, appeals to families and individuals looking for quality living at reasonable prices.
Starting Price for 2 BHK: ₹40 lakhs
Landmarks: Ramanashree California Resort, Yelahanka Air Force Base
8. BTM Layout, Bangalore
BTM Layout, short for Byrasandra, Tavarekere, and Madiwala Layout, is strategically located close to the IT hubs of Bangalore, including Koramangala and Electronic City. The locality offers a mix of residential options, from apartments to independent houses, catering to a wide range of budgets. BTM Layout’s vibrant community, bustling shopping districts, and a plethora of dining options make it an attractive destination for young professionals and families alike.
Starting Price for 2 BHK: ₹65 lakhs
Landmarks: Silk Board, Udupi Garden Restaurant
Suggested read: Affordable Housing Projects in Gurgaon
9. Ulsoor, Bangalore
Ulsoor, one of Bangalore’s oldest neighborhoods, is known for its picturesque lake, colonial-era architecture, and religious sites. The area has managed to retain its charm while adapting to the city’s modern needs, offering affordable housing options amidst its narrow streets and bustling markets. Ulsoor’s central location and connectivity to major business districts enhance its appeal to homebuyers looking for budget-friendly homes in a culturally rich setting.
Starting Price for 2 BHK: ₹70 lakhs
Landmarks: Ulsoor Lake, Gurudwara Sri Guru Singh Sabha
10. Chandapura, Bangalore
Chandapura, located in the southern part of Bangalore, is witnessing rapid growth as an affordable housing destination. Its proximity to the Electronic City, coupled with the expansion of the Namma Metro, is driving residential developments in the area. Chandapura offers a peaceful living environment, away from the city’s congestion, with a range of affordable residential projects that do not compromise on amenities or quality of life.
Starting Price for 2 BHK: ₹28 lakhs
Landmarks: Narayana Hrudayalaya, Chandapura Market
In conclusion, Bangalore’s real estate market is evolving to meet the demand for affordable housing, with localities across the city offering a variety of options to cater to the needs of its diverse population. These affordable housing hubs are not only providing a roof over the heads of many but are also contributing to the city’s sustainable growth by promoting inclusive communities and balanced development. As Bangalore continues to grow, the focus on affordable housing ensures that the city remains accessible and welcoming to all its residents, fostering a sense of belonging and community.
FAQ about Affordable Housing in Bangalore
Which area is the cheapest to buy a house in Bangalore?
Chandapura and areas on the outskirts like Hoskote typically offer the most affordable options for buying a house in Bangalore. These areas benefit from ongoing development and proximity to major hubs, offering competitive prices.
What is the average price of housing in Bangalore?
The average housing price in Bangalore varies widely depending on the locality and type of property. On average, prices can range from ₹5,000 to ₹7,500 per square foot in affordable areas, with premium locations seeing much higher rates.
How much salary is needed to live comfortably in Bangalore?
A comfortable lifestyle in Bangalore generally requires a monthly income of around ₹50,000 to ₹70,000 for a single individual, accounting for housing, utilities, transportation, and personal expenses. This can vary based on lifestyle choices and housing preferences.
What is the minimum cost of living in Bangalore?
The minimum cost of living in Bangalore for a single person can range from ₹15,000 to ₹20,000 per month, covering basic expenses such as modest housing, food, and transportation. This estimate increases for families and depends greatly on lifestyle and housing choices.
Is 12 LPA a good salary in Bangalore?
Yes, a salary of 12 LPA (Lakhs Per Annum) is considered a good income in Bangalore. It allows for a reasonably comfortable living, enabling you to cover all basic expenses, including housing, utilities, transportation, and leisure activities, with the possibility of savings and investments.
Published on 30th April 2024
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