Market insights are painting a bright picture for affordable housing in Bengaluru. The city is attracting significant attention, with various projects catering to budget-conscious buyers. This initial wave sets the stage for even more developments, solidifying the region’s position as a hub for accessible living space solutions in the years to come.
Comprising a standard-sized hall, bedroom and kitchen, a 1 BHK apartment has a standard 400-500 sq ft area. In the affordable flat segment, 1 BHK units garner sufficient demand among first-time buyers. The residential units are easy to maintain and can be rented out quickly.
Popularity of Low-Cost Housing in Bengaluru
Population Migration: Large-scale urbanisation, teeming job opportunities and expectations of a thriving social life are some of the factors that lure millennials to the city. Accommodation needs for the migrating population skyrocketed the demand for affordable flats in Bengaluru.
Shifting Accommodation Priorities: Millennials’ unique priorities shape the city’s real estate landscape. For instance, this demographic prioritises experiences and flexibility over the burden of large mortgages. They exhibit a likeness for budget-friendly apartments near their jobs and social hubs. Developers are responding with innovative but inexpensive homes to cater to this shift, recognising that smaller living spaces can equal bigger lives.
Ownership Over Rent: For young professionals, buying budget-friendly apartments is more lucrative than renting homes. In most cases, people pay thrice for the size of the house and the amenities they get access to. There are widespread instances of landlords refusing to stick to the rental agreement clauses and delaying the return of the security deposit amount. Such incidents add to the stress and financial burden of people who have just begun their careers in Bengaluru and are bound by a tight budget.
Smart Space Utilisation: One of the critical advantages of budget apartments in Bengaluru is their thoughtful design and smart space utilisation. Each square foot is thoughtfully planned to maximise functionality without compromising on comfort. The engineers and architects of Brigade Group are focused on maximising living spaces, creating homes that feel open and airy.
Amenities at Budget Apartments in Bengaluru
Bangalore's budget apartments unlock premium amenities like fitness centers, community parks, pools nd even fun-filled clubhouses. Imagine staying fit with modern gym equipment or unwinding in serene gardens, all within an affordable living space. These low-cost havens prioritize both your well-being and social life, offering a harmonious blend of convenience and style. Plus, modern security measures like CCTV and gated communities ensure a peaceful sanctuary for you and your loved ones. With these budget-friendly options, affordable living in India's Silicon City doesn't mean compromising on quality or comfort.
Brigade Group's budget-friendly apartments go beyond just cost-effectiveness, offering meticulously designed homes with smart space utilization and sustainable practices– all in strategic locations with high resale potential. Innovative financing options and unwavering quality construction ensure you get a dream home that fits your budget and lifestyle.
Ivory Phase 2 at Brigade Orchards
1, 1.5, 2 and 3 BHK Apartments in Devanahalli
Luxurious and tech-enabled apartments are set in a lush 135-acre township replete with top-notch amenities and located within easy reach of the airport.
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Frequently Asked Questions
The ownership cost of budget apartments in Bengaluru starts from 48 Lakhs.
Here's a list of the top areas that you can explore to get affordable flats in Bengaluru:
- Electronic City
- Whitefield-Sarjapur Road
- Hebbal
- Budigere Cross
- Mysuru Road
- Devanahalli
Brigade Orchards features a range of highly functional and affordable flats in Bengaluru.
Diversification of real estate investment portfolio, lower maintenance costs and potential for capital appreciation are some of the significant advantages of buying budget apartments.
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