Real Estate Trends In Bellandur Road
Real estate market trends in Bellandur Road have been changing rapidly for the past
decade due to the establishment of tech parks and IT firms in the region. Bellandur Road is
located in the eastern part of Bangalore and has been known as one of the most desired
real estate markets for the past few years. The prices of real estate properties in the region
are seeing a huge surge, and the demand for real estate properties is rising, attracting
investors and buyers. The average price of apartment units in the Bellandur Real market
starts at Rs. 11,000 per sq. ft.
Factors Boosting the Real Estate Trends in Bellandur Road
- The tech parks and IT hubs have many job options in Bellandur and surrounding
areas.
- The established connectivity to top regions of the city via outer ring roads, highways,
and metro rail.
- The upcoming metro line has boosted access to every part of the city in a shorter
traveling time.
Real Estate Trends in Bellandur Road
- Rise in Demand for Luxury Projects: The growing number of wealthier people in the
city has led a rise in demand for luxury projects such as, apartments, villas, and row
houses in Bellandur Road. There are many real estate builders providing modern
luxury projects, such as Purva Weaves by Puravankara Limited.
- Co-living areas: The city is seeing more young people moving in in search of jobs and
employment on Bellandur Road. There is a high need for a co-living space to
accommodate a large number of residents. These units provide cost-effective living
spaces and easy living options for young students and professionals.
- The Rise in Urban Area: The integrated towns in the city are separate and have
developed into a new area with huge demand for commercial properties, residential
apartments, and real estate projects. This has led to the rise in urban areas and their
population and created a huge demand for luxurious apartments with affordable
pricing in the city.
Bellandur Road is a prime region known for its active real estate development and
residential projects, which attract investors and buyers. The main reason for the high
demand and change in Bellandur Road real estate market trends is its access to Blue Line
Metro Stations, Outer Ring Road, Kempegowda International Airport, and National
Highways.