Chandapura realty exhibits huge growth potential
Bangalore- Chandapura, located in South Bangalore, has been witnessing fast residential growth. An array of new residential projects are coming up, of which nearly 70 percent are currently under construction stage.
Various options of properties are available at affordable rates in Chandapura though, multi-storey apartments and residential units are in the lead. Villas with all modern lifestyle features are also being developed to attract NRIs and investors looking for second home options in the city.
The average value of multi-storey apartment ranges between Rs 2,200 to Rs 3,000 per sq ft depending upon the project and amenities.
Proximity to Electronic City and industrial areas such as Jigani, Hosur, Anekal, Attibele, Bommasandra-Chandapura has led to fast residential realty growth in the area. Huge working population has been driving the demand for residential units in Chandapura. Good social and road infrastructure, easy accessibility through public transport and vicinity to schools, colleges and hospitals, have been attracting buyers working in various sectors.
The rental values are also reasonable in Chandapura. 1 BHK units have got huge demand in the area. The average rent of a 600 to 700 sq ft unit is approximately Rs 6,000 to 7,000 per month, while it is Rs 7,000-10,000 for 800 to 1000 sq ft sized property.
As per market experts, the region has seen 10-12 percent appreciation in property values in the last two quarters. Chandapura is believed to offer good opportunity for both investors as well as buyers in the upcoming years.
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