Location – BegurRate – Rs 3790/sqft Configuration – 2, 3 BHK ApartmentsTotal Construction Area – 4.2 acresPrice Range – Rs 47.00 lacs – 54.65 lacsNo. The price in Arekere stood at Rs 4600-4800 per sq ft. Hulimavu had a price range of 5200-5400 INR per sq ft. Arekere which is located along the Bannerghatta Road is constantly gaining the eyes of prospective investors. of dwelling units: 60 units, 1 building, Price Range: Rs 38.93 Lacs – 65.97 Lacs, No. of dwelling units – 20 unitsDeveloper – Abode Creations, With Pradhan Mantri Awaj Yojana scheme, it has become relatively easier than ever to afford a low cost apartment with over Rs 2.67 lakh interest subsidy provided by the govt on home loans.Â. } The apartments are meticulously designed with convenience & the best of amenities. About 50 percent of the projects launched were by Grade-A developers. You will a number of entrepreneurial ventures in cafes, pubs and restaurants across this part of the city. Location: Thindlu village, Sarjapur Bus stop. Purnima Elite is located in one of the fastest growing areas of Bangalore. Hence, there arises a necessity to accommodate people using Affordable Housing Schemes. is another area which has gained a lot of attention from the investors due to its affordable price. For this reason, people are getting attracted towards Affordable Housing Scheme. With an. Get property recommendations and  compare properties on the basis of Property Score, shortlist preferred ones and track till you close the best property deal. 3. Definition: Affordable housing refers to housing units that are affordable by that section of society whose income is below the median household income. Top 5 Affordable Housing Projects In Bengaluru June 05, 2018 | Harini Balasubramanian India’s Silicon Valley, Bengaluru, was recently ranked amongst the top ten cheapest cities of the world by the Economist Intelligence Unit’s Worldwide Cost of Living Survey 2018. Its landscaped garden is the main attraction for the on-lookers. Listed below are some of the affordable housing projects in South Bangalore under 60 lacs. Some of the most affordable Flats in Bangalore are: Shriram Liberty Square; Indya The Green Cedar; Indya The Greens - Oak; Aryan Fountain Square; TGS Cape Town 9. It also has  Earthquake Resistant RCC Framed Structure to ensure the safety of the people. This is because creating supply in these pockets is easy due to availability of land at low prices(being on the outskirts of the city and relatively cheaper belt) and buyer demand is available because of affordable price tag. Has landscaped double height sky decks. Affordable housing in rural and urban housing sector need differently tailored policies as land is the main constraint in the urban areas. Some of the companies represented on the platform include TCS, Wipro, Infosys, Read more…, About Whitefield Whitefield is one the most important localities in Bangalore in the state of Karnataka, India. The environment is clean and there is greenery around. of dwelling units – 236 unitsDeveloper – Purnima Build Tech. The home ensures to give you an international experience. listeners: [], Offering apartments ranging from 1, 2, 2.5 & 3 (Regular and Large) BHK, this signature abode is well connected to Tech Parks, Educational Institutions, Hospitals and Social Infrastructures. Affordable housing or low cost housing is a scheme in which people with low income, rated by local or national governments are offered houses at cheaper prices. He likes to read and keeps himself updated about what's happening in the world. VBHC Value Homes Pvt. Due to its adjacency to IIM-Bangalore and  BPO, IT companies have made it more popular than its neighbouring areas. Location: S. No. With an Aluminium System Framework with RCC Wall & Slab and flats made with Vaastu concept. Roads here are wide and well connected and there are enough hospitals in case of emergency. Getmeroof.com is India’s first trusted property reviews platform where you can read authentic property reviews posted by employees working at Fortune 500 companies. PSR Aster is located in Dommasandra. Major national level developers like TATA Housing, Godrej Properties, Ashoka Group have their plans to enter into affordable housing in Bangalore. Location – Electronic City Phase 1, Bangalore SouthRate – Rs 3200 per sqft Configuration – 2, 3 BHK ApartmentsTotal Construction Area – 26 acres, RERA Status: RegisteredPrice Range – Rs 28.8 lacs – 56.0 lacsNo. 33,000 sqft. of dwelling units – 4256 unitsDeveloper – GM Infinite, MJR Clique Hercules, Golahalli, Electronic City Phase 1. Get personalized property recommendations on India’s First Property Recommendation Platform. Affordable housing is fast taking center step internationally as well as in the national program in India. Budget 2019 Impact on Affordable Housing. Description: Though different countries have different definitions for affordable housing, but it is largely the same, i.e. of dwelling units: 392 units, 4 buildings, Location: Off Sarjapura – Attibele Road, Near Vidriguppe Bus Stop, Attibele, Bangalore, No. The place is very near to the supermarkets, one can easily buy items from there. Location: Electronics City Phase I, Bangalore South, Price Range: Rs 35.77 L – 85.57 L (all incl. and the 3 BHK apartments ranging from 1425 sqft. Bangalore is not left behind in this development. of dwelling units – 36 unitsDeveloper – PSR Construction Group. Location: Survey No. 323 and 324/3, Bidarguppe Village, Sarjapur Attibele Road Main Road, No. The average price per sqft in Attibele is Rs 2,767. Not only these, the place also has amenities like gymnasium, jogging track and a lift to ease your life. The Green Terraces in Neo Town, Electronic City Phase 1 is equipped with your future needs around Nature and Technology. A Home that recreates our ancestors‘ pure lifestyle. of dwelling units: 2359 units, 1 Buildings. Several companies have flourished in this region in the past decade. You can also find more details about location, pricing, floorplan, amenities of these affordable projects on below link: Affordable Housing Projects in Bangalore Under 50 lakhs. It comprises of many amenities including landscaped garden, gymnasium, play area, community hall etc. Some of the companies represented on the platform include TCS, Wipro, Infosys, Read more…, About Whitefield Whitefield is one the most important localities in Bangalore in the state of Karnataka, India.  by the Bangalore Development Authority, Bangalore will have a population of 2 crores by the end of the year 2031. Half of the 175 acres 34 guntas that were held aside for constructing 26,102 units are caught into various disputes. Landmarks in Electronic City, South Bangalore. The affordable housing projects are with a price range from Rs 15 lakh to 30 lakh. On Neotown Road, to be precise. Search for Ongoing Projects, Compare Property Scores and Make Your Best Investment. Stay tuned for more updates. A Home that’s inspired by the previous generations but built for the current one.  A project by Keya Homes and equipped with eco-friendly amenities. Water Treatment Plant is one such example. of dwelling units: 200 units, 5 buildings, Location: Doddathogur Main Road, Near Hcl, Doddathoguru, Electronic City, Bangalore, No. Even in cities like Bangalore, with on an average higher purchasing power compared to many other cities, the demand for affordable housing is increasing at a very fast rate. We will write about about any further development in this area. It is highly comfortable with magnificent interiors. 6. KNS Ojas by KNS Infrastructure Spread over 14 acres, KNS Ojas is a plotted development that is coming up on Mysore Road. Located in Thindlu village, Sarjapur Bus Stop, Bangalore East, it consists of a total of 128 units divided into 4 buildings spread over 1 acre of land with 30% open. Getmeroof.com is India’s first trusted property reviews platform where you can read authentic property reviews posted by employees working at Fortune 500 companies. End-to-end high-end fit outs across the project. Affordable Housing in Gurgaon. Developed over 2 acres of land with 45% open, it consists of several amenities like swimming pool, jogging track, gymnasium, multi purpose hall, cafe etc. According to them, no construction Read more…. With an. This is a future-ready project. Major national level developers like TATA Housing, Godrej Properties, Ashoka Group have their plans to enter into affordable housing in Bangalore. Therefore reducing the GST to 1 per cent with an upper limit set at Rs 45 lakh will not be beneficial for affordable housing projects in metro cities. Importance has been given to the architecture and is rightly of international standards. The project also has a swimming pool and a children’s park as well. Affordable housing indicates to the housing units that are affordable by that portion of society whose income is below the middle household income. There is ample space given for parking.  in Neo Town, Electronic City Phase 1 is equipped with your future needs around Nature and Technology. A Home that recreates ourÂ,  – Electronic City Phase 1, Bangalore South, This affordable housing project situated in Electronic city, is developed by GM Infinite group. Overall unsold stock has also declined by 44% during the same period — the maximum among top cities, data from ANAROCK Property Consultants showed. This affordable housing project situated in Electronic city, is developed by GM Infinite group. According to them, no construction Read more…. North Bangalore too has affordable housing projects but they are in limited number. The project comes up with modern amenities like gymnasium, badminton court, swimming pool, children’s play area. 136 & 137, Kammasandra Village, Near Kammasandra School, Anantha Nagar. No. Even in cities like Bangalore, with on an average higher purchasing power compared to many other cities, the demand for affordable housing is increasing at a very fast rate. Originated in the late 1800s as a small settlement for the Eurasians and Anglo Indians of Bangalore, it Read more…, Realty firm Godrej Properties on Wednesday informed, that it would challenge the NGT (The National Green Tribunal) order, quashing environmental nod granted to Godrej Reflections project in Haralur Road, Bengaluru. GM Infinite Global Techies Town in Electronic City Phase 1 is a massive residential project with over 4000 units spread across 26 acres with 3 towers/19 floors each. of dwelling units: 236 units, 3 Buildings, Location: Electronics City Phase I, Bangalore, No. } Despite these compromises, in regions like South Bangalore and East Bangalore, we are seeing large number of affordable housing projects. Abode Breeze is located in Electronic City and it also comes up with an affordable price. Say NO to water tankers for your daily needs. to 1300 sqft. (function() { In this article, we list out the top five projects in Bangalore that offer housing plots within an affordable budget of Rs 30 Lakh. This project is developed by Design Tech Builders and Developers and consists of 1 building with 45 units and is located in Kada Agrahara locality. Affordable housing sector refers to that section of the people whole income is below the median household income, which means this sector mostly constitutes the lower and middle income groups and the housing units that are affordable by them. Loves cooking and is a die-hard Cricket fan. There is ample space to breathe fresh air and relax. MJR Clique-Hercules is located in Gollahalli which is in the Electronic City Phase-I area. Doddathoguru has been famous for its 1&2 BHK configurations. The upper limit set on these affordable housing apartments is Rs 45 lakh. To know about the recent changes in the Pradhan Mantri Awas Yojana and Credit Linked Subsidy Scheme(CLSS) for Middle Income I & II categories. of dwelling units : 2359 units, 1 Buildings. Subscribe to our regular updates. forms: { Impact: more room for affordable housing • As per the interim Union Budget 2019-20, a benefit of rollover of capital gains under Section 54 of the Income Tax Act will be increased from investment in one residential house to two residential houses for a taxpayer having capital gains up to Rs 2 crore. In other words, MJR Clique-Hercules is close to almost everything. of dwelling units: 393 units 2 Towers. This project has been developed by SNR Square builders. In my earlier post, I had mentioned that I was interested but wanted some more information. 8. With an Aluminium System Formwork with RCC Wall & Slab (Like MIVAN Construction) and flats made with Vaastu concept It has amenities like Swimming pool, Yoga court, jogging track, badminton and many more. of dwelling units: 720 units, 10 buildings, Location: M.Medahalli Village , Attibele – Anekal Road, Bangalore Urban, Developer: Janaadhar Constructions Pvt Ltd, Location: Plot No-497, Anekal Road, Bangalore, No. Hence, there arises a necessity to accommodate people using Affordable Housing Schemes. Water is available through internal sources only. extra), RERA Status: Registered, PRM/KA/RERA/1251/308/PR/171103/001517, GM Infinite Global Techies Town, Electronic City Phase 1 – Elevation Image. Budget 2019 provides for an interest deduction of Rs. Affordable Housing investment Summit(AHIS 2019) in Africa is a leading affordable housing investment event aimed at bringing together investors, developers, policymakers, government bodies and agencies to expedite housing in Africa happening in Kenya, Nairobi The project is equipped with all the modern amenities that will help you make your life convenient and comfortable. Located on the Outskirts of the city, it is one of the areas which is still under development but in the coming years, the outskirts areas are expected to be into the mainstream city. While the affordable housing segment continues to stay strong, Bengaluru has seen an overall growth as far as new launches and sales are concerned and prices have remained relatively stable, he added. of dwelling units – 281 unitsDeveloper – MJR Builders. of dwelling units: 248 Units 5 Towers, Some affordable housing projects in Electronic City include-. Bangalore’s position as the go-to place for job opportunities hasn’t changed over the years. Low cost housing depends on three factors, such as income, size of house/property and affordability. of dwelling units: 100 units 2 towers, Location: Near SKF Factory, Hullimangala Road, Electronic City Phase I, Bangalore, Location: Electronic City Phase I, Bangalore, Location: 1st Main Road, Near Rainbow Super Market, Phase 1, Electronic City, Bangalore, Developer: Axis Concept Construction Pvt Ltd, No. With so much population in Bangalore, Attibele is one of the areas that are stress-free from traffic and congestion.Â. 1) Sumo Sonnet A beautifully landscaped, gated community with sylvan settings, it will be well worth your money. It is spread across 1.53 acre. Affordable Apartments in Bangalore - Buy affordable apartments/flats in Bangalore for sale in your budget. All the car parks have battery charging points for charging your electric vehicles. Attibele is an area in South Bangalore that provides affordable housing. Interest subsidy on home loans as per Pradhan Mantri Awas Yojana(PMAY), scheme is triggering launch of a number of Affordable Housing Projects(AHP) across the country. It has amenities like Swimming pool, Yoga court, jogging track, badminton and many more. At HUB, we believe that housing is the right of all, not the privilege of a select few. } Here’s a list of the 15 most affordable builder residential projects in Bangalore at the moment. Due to the high price in the Electronic City, the buyers have shifted their interest from Electronic City to Doddathoguru. Aluminium System Framework with RCC Wall & Slab and flats made with Vaastu concept. callback: cb event : evt, Interest subsidy on home loans as per Pradhan Mantri Awas Yojana(PMAY) scheme is triggering launch of a number of Affordable Housing Projects(AHP) across the country. As earlier covered in Revised Master Plan 2031 by the Bangalore Development Authority, Bangalore will have a population of 2 crores by the end of the year 2031. 10. Due to high demand and proximity to airport, the prices in North Bangalore have gone up. The issue of affordability has assumed greater significance in shrinking cities of India like Bangalore. on: function(evt, cb) { of dwelling units: 50 units, 2 Buildings. 323 and 324/3, Bidarguppe Village, Sarjapur Attibele Road Main Road, Site no. Up Next. Get low budget affordable apartments/flats for sale in Bangalore on PropTiger.com The affordable housing units are smaller in size compared to mainstream projects, and compromise on civic amenities and other unique selling points which are otherwise common in high end real estate projects.Â. 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