Who builds budget friendly apartments in Bangalore?
To begin with, Bangalore has many
builders and developers of a wide spectrum. They develop both residential
apartments in Bangalore, as well as commercial projects. There are builders who
are coming up with studio apartments and condos. At the same time, there are
real estate companies coming up with luxury 3 and 4 BHK apartments.
It all depends on the buyer persona and
the target audience. Top builders and developers are building apartments in
Bangalore, targeting first-time home buyers. People who are buying homes for
the first time in their lives will look for budget-friendly apartments with
all the required amenities.
Budget-friendly apartments in Bangalore will come with amenities such as a clubhouse, a jogging track, and a children’s
play area. As we mentioned earlier, the
budget in finalizing a budget-friendly apartment in Bangalore totally
depends on the buyer. If the buyer has a budget of 50 to 60 Lakhs, they can
finalize a 2 or 3BHK apartment in Bangalore with standard amenities.
At the same time, if the budget of the
buyer is not willing to cross say 30 Lakhs, then he or she can finalize on a
2BHK apartment in Bangalore. This can be on the outskirts of the city with
standard amenities offered with the project.
The best way to understand who build
budget-friendly apartments is as follows.
1. If your builder/developer is a
renowned one. Reputed developers are coming up with a lot of budget-friendly projects to meet buyer requirements. They are giving a very good price
in the market. The advantage of buying from a reputed builder is that you can
trust them with quality of construction and the buying procedure.
2. If the project is of 1 or a 2BHK
apartments. 1 or 2BHK apartments in Bangalore are under a very marginal
price starting form 15 Lakhs a unit to 50 Lakhs a unit. These are the units
that are most prominently sold to buyers that are looking for jobs or education
in Bangalore.
3. If the project is kind of in the
outskirts of the city. A project when developed in the outskirts of the
city, attracts a lot of buyers that are looking for a long-time investment in
apartments in Bangalore. These projects sell at a lesser price because of their
location. Nevertheless, in the long run will bear fruit because of the growth
in the market.
4. If the buyer is ready to
compromise on a couple of amenities in the project. If the buyer
feels amenities like swimming pool, car wash bay, gymnastics room are not
important, they can go for a project with lesser amenities, that suits their
taste and choice. This will result in a win-win situation for the buyer and the
developer. The buyer finds his or her dream home within their budget. Also, the
developer succeeds in delivering the project to his target audience.
We at SGR Buildtech are coming up with
various projects across Bangalore, to fit the requirements of an array of home
buyers, follow our website for more details on upcoming projects.
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