Begur Road Real Estate
Begur Road is considered as an end-user driven market. The supply of residential apartments is greater than the demand for it and that is why the prices are cheaper here. Most of the properties are in the form of apartments, which constitute 60% of the total land property. 22% is in the form of independent houses and only 7% is in the form of layouts. People earning in between 50K-70K prefer to buy property in Begur Road as their loan requirement fits in easily here.
Areas like Bannerghatta Road, Electronic City, HSR and Koramangala code high residential prices starting from 75 Lakhs-1.2 Crore for a 2 bhk and 3 bhk abode. So, many people are choosing Begur over these places. Another reason why Begur Road is flourishing as a real estate sector is the smooth connectivity to IT corridor. Companies like Wipro, Infosys, Siemens and BHEL offices are about 3 km from Bommanahalli Circle, supporting the NICE corridor connecting both Hosur Main Road and Bannerghatta Road.About 2 years ago, the local builders who were selling property at the basic sale price of Rs 2,500-2,800 per sq ft, today, these developers are launching their projects at Rs 3,000-3,300 per sq ft. So, as an investor if someone invests here, chances are great that the value of the same property will rise very soon.
Prestige song of the South is one of the Latest residential project coming up in Begur Road, South Bangalore.
Posted on: July 25, 2017, by : SongofSouth