South Bangalore is the choice of destination for apartment buyers, because of its rich cultural heritage and friendly local population. Southern Bangalore is one amongst the five different zones, the city is divided into and contains famous religious places like Jamia Masjid, Raghvendra Temple, Banashankari Temple, Salvation Army Church, and Anjaneya Swami temple to name a few. The area has also developed itself into a robust commercial hub, with host of medical, educational and shopping complexes sprouting up. Being the IT Hub of the country, Bangalore has seen a steady rise in the influx of cosmopolitan population, from across the country. This ambitious and hardworking population does not compromise on the luxury quotient of living, which has led many developers, launch state of the art projects, to meet their demands.
The entire area of South Bangalore, has seen an infrastructure boost, with metro railway expected to be completed by the year end. Residential sector has also not been left behind, with established developers launching ultra-luxury projects for prospective buyers. Some of the projects boast of having building as high as 24 floors, with all the latest amenities one can ever think off. However, the grandeur of these luxury apartments is more than worth the price charged for it. No wonder, south Bangalore has seen a capital appreciation of 5% in the last quarter. There has been a fall in the inventory of luxury apartments, which is an indicator of northward sales. After a lull phase, investors confidence has been revived, with new projects being launched quite regularly.
If you are looking for a luxury apartment, amidst urbanity and nature, then south Bangalore is undoubtedly the place to be. The projects offer state of the art ZEN gardens, mystic yoga park, and lush green landscape. Developers here have incorporated the 70:30 rule, by virtue of which the construction area is only 30% of the total land. This leaves plenty of room for fresh air and green scenery, which are highly sought after by today’s buyers. Most of the projects in south Bangalore, is constructed maintaining international protocol, which gives them an edge over other small-time developers. Buyers have the luxury of enjoying fabulous gym and temperature-controlled swimming pool, at the end of a hard day of work. There is an increasing demand for integrated housing projects, which are like a world in-itself. These luxury projects have grocery stores, ATM, doctors on call, in-house plumbing and electrical maintenance units. There are host of other facilities like saloon, spas and state of the art club houses.
If you book early, then some developers of repute allow you to customize your apartment. With more buyer friendly financial schemes coming up, there is surge in demand for luxury apartments, near south Bangalore. With sophistication of demand, there is a rise in the demand for “hub and spoke luxury apartments”. These special types of apartments do not share a common wall with the next-door neighbor, providing exclusive privacy. With large windows leading to lush green landscape, these luxury apartments in south Bangalore, has plenty of takers. For increased stability, apartments have RCC frame structures, and concrete block masonry for maintaining lower ambient temperature. Each and every apartment, have been put under minute detailing, to add to the comfort for the buyer. The higher price range is Rs10000/- for a 2bhk apartment, with built-up area of 1500 sq ft. Some other popular destinations in south Bangalore is Banashankari, which is also its largest locality. The same is well connected via road to Mysore and Girinagar, which are industrial hubs. Employees of Global Tech Village and Electronic City have booked large number of apartments, which has further boosted the real estate demand of the area.