5 Affordable housing projects in Bangalore under Rs 50 lakhs

New Delhi, December 22, 2018: “Affordable housing” is the new buzzword in the Indian real estate sector. With rapid population shift from rural to urban areas, surging economic growth, and growing demands for compact houses, all major Tier 1 and Tier 2 cities in India like Delhi, Mumbai, Bangalore, Ahmedabad, and Pune are witnessing an accelerated demand for low cost houses.

While creating enough reasonably priced homes is a challenge in itself, government and all the major real estate players have come up with a number of low budget housing schemes and plans to meet the growing demands. Government’s ‘Awas Vikas Yojna’, ‘Housing for all by 2022’, and ‘Public Private Partnerships for Affordable Housing’ are some of the major catalysts that are instrumental in the growth of the affordable housing sector in India.

Even in cities like Bengaluru, where the average purchasing power of people is higher as compared to other cities, home buyers look for properties that are well within the reach of their pockets.

So, if you are planning to buy your dream house in Bangalore in the Year 2019, here are the top 5 low cost housing projects that offer 1 and 2 BHK housing units in under Rs 50 lakhs:

1. Vaishnavi Serene

The luxurious residential development by Vaishnavi Group offers brilliantly crafted homes that resonate with the contemporary lifestyle of modern Indian families. Adorned with lush green vegetation and attractive exteriors, this multi-phase project extends through spacious 10 acres of land. The premises are equipped with all the best-in-class facilities that a family needs. These include a large clubhouse, multi-functional gymnasium, swimming pool, yoga/meditation deck, library, kids play area, runners/walkers track, outdoor sports facilities and much more.

• Location– Yelahanka
• Configuration– 1/2/3 BHK Apartments
• Total Construction Area– 10.82 acres
• Price Range– Rs 25.95 lacs – 52.72 lakhs
• Towers– 12
• Developer – Vaishnavi Group

2. North East Paradise

Located in Devanahalli, this ready-to-move-in project in Bengaluru has been developed by the famous North East Properties. Donned with latest innovative facilities, the houses promise to offer a splash of extra-ordinary lifestyle and modern amenities at a pocket-friendly price.

• Location– Devanahalli
• Type – Plots
• Total Construction Area– 14 acres
• Price Range– Rs 28.8 lakhs
• Towers– 12
• Developer – North East Properties

3. Sowparnika Pranathi

Aesthetically designed with state-of-the-art facilities and modern amenities, this distinguished real estate project by Sowparnika Projects offers opulence living at an affordable price. Located at Kumnalgodu, Mysore road, the apartments are in close proximity to all major areas of Bengaluru and bring together a fine amalgamation of convenience and luxury at one single place.

• Location– Kumbalgodu
• Type – 1/2/3 BHK
• Total Construction Area– 1.34 acres
• Price Range– Rs 20.78 lakhs to 36.96 lakhs
• Towers– N/A
• Developer – Sowparnika Projects

4. The Godrej Properties

Located near the Kanakpura road in the southern part of Bangalore, Godrej properties is a magnificent project by the eminent Godrej group. Tastefully developed keeping in mind the unique requirements of the residents of Bangalore, these efficiently designed 1, 2, and 3 BHK apartments are fully equipped with some of the most amazing amenities and luxuries facilities that confer both style and comfort at a pocket-friendly price.

• Location– Kanakpura Road
• Type – 1/2/3 BHK
• Total Construction Area– 18 acres
• Price Range– Rs 35.59 lakhs onwards
• Towers– 16
• Developer – Godrej Properties

5. Shriram Codename Take It Easy

Shriram Codename Take It Easy is an under-construction project that promises to deliver robust 1/2/3 BHK flats at a competitive price range. With vastu compliant architecture, high-quality interiors, unmatched facilities, and landscape gardens, these residential apartments assure to give you an international standard experience and strive to be your one-stop destination for affordable homes in Bengaluru.

• Location– KR Puram
• Type – 1/2/3 BHK
• Total Construction Area– 8.59 acres
• Price Range– Rs 30.89 lakhs onwards
• Towers– 11
• Developer – Shriram Properties

Need more options? Browse our website or let us know your requirements and we’ll get back to you conveniently find your dream house at a price that suits you the best.

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Corporate Comm India (CCI Newswire)