Affordable Housing in suburbs

Envisaging the rising demand for smaller, yet affordable homes with premium facilities, established builders in the city have announced projects on the outskirts offering homes in the price range between Rs 19 lakhs to Rs 40 lakhs. Improved connectivity linking these far flung locations to the city centre as well as the development of social infrastructure is creating attractive housing options for homebuyers.Areas where there is industrial activity are a good bet for affordable housing units because of the vast number of those employed in the industries here which make a potential market. Just as the IT parks propelled a walk-towork culture, having affordable homes close to the places of work on the outskirts can make this concept work for another segment of the employed too.

North

Singularly driven by the sixlane road to the international airport, this zone is waking up to hectic real estate activity. Peenya, Jalahalli, Yelahanka, Sahakarnagar, BEML Circle, Devanahalli, and Doddaballapur Road will see affordable housing options in the range of Rs 20-25 lakhs. The Yelahanka – widened Doddaballapur Main Road and the Hennur – Banaswadi Road are potential locations for affordable housing options in the next two to three years given the availability of large land parcels here.Areas around Devanahalli up to Doddaballapur Road, about 40 km from the city centre, have options in the price bracket of up to Rs 20 lakhs. The upcoming hardware, logistics and warehousing, textile, IT and non-IT SEZs are slated to drive the boom for affordable residences.The Shivarama Karanth Layout has been earmarked along Phase I of the planned Peripheral Ring Road (PRR).

South

The Sarjapur Main Road leading to Sarjapur village, and the Sarjapur ORR is where most of the affordable residential property activity is centred around. The emergence of quality social infrastructure, with malls and international schools, has created a mix of both luxury and affordable residential options in the vicinities along these roads.Attibele is emerging as a catchment area with immense potential due to the presence of a couple of international campuses, and hence, the potential for housing. The option of owning a budget apartment is also available in localities near Kanakapura Road, Bannerghatta Road, Hosur Road, Anekal, Jigani, Begur, and Electronics City in the price range of Rs 25-40 lakhs.D Devaraj Urs Layout, S Nijalingappa Layout and K C Reddy Layout have been planned along Phase I of the PRR.

East

In the east, the Hoskote Industrial stretch on NH-207 is fast-emerging as a budget home belt. With Hoskote becoming a prime logistics and warehousing hotbed, this locality is expected to reign in more employment and hence the need for affordable residential units.Whitefield and Kadugudi are gradually seeing a spurt in budget residential clusters with established developers homing in on these locations for their affordable projects.

West

Mysore Road, Rajarajeshwarinagar, Kengeri, and Magadi Road are the areas where affordable homes are gradually springing up. Along the improved Tumkur Road stretch new industries are setting up base and hence will fuel the need for budget housing for those employed here.The Kempegowda Layout is slated to be a model one and will be self-sustained having both residential and commercial establishments. All amenities like parks, roads, playgrounds etc as well as educational institutions and healthcare facilities will feature in the layout making it on par with any other township. It is touted to be one of the biggest layouts and will span across 4,814 acres, including 12 villages between Magadi Road and Mysore Road on Phase II of the PRR.