Bengaluru Civic Body To Build 300 More 'Affordable' Villas Amid Rising Demand

Bengaluru Civic Body To Build 300 More 'Affordable' Villas Amid Rising Demand

Bengaluru Civic Body To Build 300 More 'Affordable' Villas Amid Rising Demand
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Kartika Subramanian, 32, and her husband Vineeth Pandi, 34, are sure that they do not want the match-box living. So, they have decided to give a miss to apartments. They also have no plans to buy a plot because all they have is six months to settle down in their own house. For buyers like these, Bengaluru is opening up with spacious options, that is villas. 

Although most young buyers go in for apartments because these are easier to maintain and come cheaper, villas and bungalows have still not lost their charm. Dedicated and private space for a kitchen garden, garage areas, flexibility to construct and design without fearing any encroachment are some of the attractions that lure buyers.

Also read: Bengaluru, Mumbai Asia's Top Investment Bets In 2017

“I was saving up for years just for this. Apartments are for restricted living although there are a lot of plus points such as fewer things to manage and security system, but for us, we wanted our sole realty investment to be a grand one, at least in terms of space,” says Pandi. Today, their villa near Hosur is a little over 2,500 sq ft and very close to their offices, too. 

Where to look for villas?

If you are looking to buy a villa in Bengaluru, Jakkur, Whitefield Hope Farm, Hosur, Devanahalli, Gottigere, Anekal, CV Raman Nagar, Sarjapur, Varthur, Begur, Chikkagubbi, KR Puram, Kengeri, Harlur, Chandapura, Ramagondanahalli, Electronic City, Yelahanka, Ramamurthy Nagar, Jigani, Devanahalli, Bellandur, Doddaballapur, Marsur, Marathahalli, Budigere, Kanakapura, Varthur, CV Raman Nagar, Sarjapur and Jagadenahalli are the area that will provide you plenty of options. 

Usually, 3 to 5BHK units can cost anywhere between Rs 1.25-7.50 crore. But, if you are looking at 2BHK units in the size range of 1,100-1,350 sq ft, these may vary in prices starting at Rs 40 lakh to up to Rs 1.50 crore, depending upon the location, size of the unit, the brand of the developer and the amenities provided. 

The good news is that out of about 550 villas in the city, almost 300 are ready for possession. Popular names such as Prestige, Sobha, Godrej, DLF, etc, have their presence in the market. To keep up with the dream lifestyle of potential buyers, most developers are coming up with features that could enhance the likability of the area. These include gymnasiums, swimming pools, club houses, multipurpose rooms, intercom facilities, children's play area, cafeteria etc.

BDA to cater to prospective villa owners

About 24 km off the Central Business District, Bangalore Development Authority (BDA) is planning to come up with villa projects in Hunnigere Village at Dasanapura (off Tumakuru Road). Sources say that the BDA was happy with the response it received for their first villa project in the city which was in Alur (Tippagondanahalli reservoir area) and has already managed to get 90 per cent of villas allotted. Proximity to the Tumakuru Road and connectivity via the NICE Road are the USP of these projects.

What is BDA offering?

Around 300 luxury villas would be developed and the housing development board has invited tender for the same. According to the officials, once the tender has been finalised, prospective buyers could plan to move into their villas in a year’s time. Not just this, these villas are priced 40 per cent lower when compared to similar projects being developed by private developers. N G Gowdaiah, engineer officer with the housing projects wing of BDA has, however, said that these villas would cost a bit higher than the previous lot delivered in Alur. In Alur, there were villas priced at Rs 30 lakh for 2BHK units, Rs 42 lakh for 2BHK duplex units and Rs 50 lakh for 3BHK units. At Dasanapura, the prices may be higher as officials have confirmed that the amenities would be more modern

Also read: Looking For Property In Bengaluru? Over 6,000 Ready-To-Move-In Apartments Await You

Before you leap

The concept of a villa is very attractive. However, do note that unlike an apartment culture, villas mostly mean managing on your own. Safety and security, repairs and renovations, electricity and water issues, painting work; for most of this work, you are on your own unlike apartments, where common facilities are managed by a core committee or those employed solely for this purpose. 

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