Options in the Rs 50-80 lakhs price range coming up in areas close to the city as well as near the IT hubs are finding more demand. They work well as an investment too. Since the last decade, Bengaluru has witnessed a steady influx of professionals into the city and rising demand for residential options. This has led to a horizontal expansion of the city's limits, with apartment clusters in new locations. Options in the Rs 50-80 lakhs price band is garnering interest from homebuyers as these options are located within easy commuting distance from the city center and work well as an investment too.
Shrinivas Rao, CEO Asia Pacific, Vestian Global Workplace Services, elaborates, "This is one of the most preferred price brackets as 40-50 percent of the ITITeS employees affordability lies in this segment. Hence, apartments in this category are present in the vicinity of traditional ITITeS corridors on Whitefield, Sarjapur Road-Outer Ring Road (ORR) and Electronics City."
Vestian's research analysis observes that owing to limited availability in the below Rs 50 lakhs segment, the price bracket between Rs 50-80 lakhs has become a favoured choice for most first-time property buyers.
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About us
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
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501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
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