Connectivity Spurs Demand For Value Homes
Value home markets are now being pushed outside because of the recent civic infrastructure which allows pleasant travelling facilities and access to different locations at land rates that are low and affordable. Because of this, there has been a sudden increment of value homes in peripheral spots and locations.
These houses are all below 30 lakhs and are perfect for new professionals who are hoping to move into the city with their employment opportunities secured in the upcoming commercial hubs.
There are studio apartments below 30 lakhs available in locations such as Old Madras Road, Chandapura-Anekal Road, Magadi Road, Rajarajeshwarinagar and Sarjapur Road. At Attibele, Old Madras Road and Doddaballapur Road, one will find apartments with two bedrooms each. Each would be not more than 650-1,075 sqft. Those who are looking for apartments with three bedrooms will find it at Anekal, Chandapura-Anekal Road, Magadi Road, Rajarajeshwarinagar and Sarjapur Road.
According to Alexander Moore, there are 102 projects in total out of which only 22% has remained unsold. High sales and increment have been enjoyed by the value segment for the past one year. He further claims that there have been more options available for builders these days and that lands have become more affordable because of the significant improvement in the infrastructure.
The key to all value property investments is connectivity. The important drivers in the sale of value property are metro projects, ring roads, flyovers and expressways. Since a large portion of the market is nearing towards the end, this segment is going to be benefitting a lot. Not just that, there will be a higher possibility of growth and development. There has been a large increase in value stock recently too.
Source: The Times of India
Chandapura-Anekal Road, demand for commercial property, Demand For Resale Apartments, Housing demand had increased, Magadi Road, Old Madras Road, Rajarajeshwarinagar, residential property demand, Sarjapur Road
