Planning to buy a flat costing around 40L in Bangalore? Know the areas

Bangalore: Looking out for a flat under Rs 40 Lacs in this metropolitan city Bangalore might look like sound impossible, but there are few residential localities which offer flats in that budget range. Bangalore is one of the residential and commercial markets in India. With the expansion of the city many home buyers feel difficult to figure out the localities which offer flats at affordable pricing. Here are the few localities in Bangalore where one can find the flats under 40 Lacs.

White Field: White filed is one of the bustling localities which offer flats or apartments costing 40L. A sleepy village in nineties turned as an IT hub of Bangalore today. Whitefield is among the areas which have witnessed an utmost development in a short span of time. Being close to IT companies the area offers multiple options in ready to move and under construction category. The area has good connectivity with Old Madras Road and ORR. This is one of the promising localities in the budget range. This micro market is appreciating a capital value appreciation for property is Rs 2749 per sq ft to Rs 13,541 per sq ft.

Electronic city: Electronic city is one of the advantageous localities to buy a flat. Sited 18 kms away from koramangala, Electronic city (largest IT Park housing hundreds of IT companies) is one of the best Bangalore localities which offer residential Flats and apartments in a budget range. Recently the Cisco - networking equipment major has made an agreement with Electronic city to turn it into a smart city. It has good connectivity to prime localities and International Airport. This is the best locality which proves every investment as a wise option. The average price appreciation of properties in this area is from Rs 2426 per sq ft to Rs 5687 per sq ft.

Hennur: Hennur is another locality which offers flats costing around 40L, It is located on the north of Bangalore city and it is a fine place to reside. Moreover, it is coming up as an admired residential destination in the city.  The Hennur cross straightly connects the Bangalore International Airport and this is expected to grab high returns. For cargo road to the Bangalore Airport the road is expected to extend in to a four lane highway. Better connectivity to centre of the city, accessibility to luxury properties and vicinity to airport is expected to raise the Flat prices. One can easily find the budget flats in this locality. The locality commands a price appreciation of Rs 528 per sq ft to Rs 15,534 per sq ft.

Vidyaranyapura: Vidyaranyapura is one of the fastest developing localities in the city and it is located in the northwest part of Bangalore city. The locality offers a budget flats with good climate and sufficient water supply as it is located at 3050 feet above the sea level. The Bangalore city junction and Kempegowda International airport are sited about 14.3 kms and 28 kms respectively. The price trend of the locality varies from Rs 3013 per sq ft to Rs 3371.