♠ Posted by Unknown in Bengaluru lands,Residential plots in Bengaluru at 11:51 AM
Apartments may be the way of the day along with the sprawling gated communities that are dotting the city, but there are still increasing demand for land plots. A huge number of the population still wants to build a house of their own on their own piece of land. No doubt the prices of land are soaring higher each quarter but even then there are few pocket near the city limits that offers you land at even a price as low as Rs. 7 lakhs. Let’s explore the options.
The South East of Bengaluru:
In the South Eastern Zone the highest supply lies at places like Electronic city, Chandapura and Sarjapur Road. These areas are on the track of rapid development with increasing preference of the population to own land here. There are many developers too with good track records who are building layouts with added amenities.
For example Chandapura offers you land of 1200 to 1500 sq. ft. in the ranges of price hovering around Rs. 10 to Rs. 15 lakhs. Some of these are gated communities with compound walls. Such properties in Electronic City would cost around Rs. 8 lakhs to Rs. 60 lakhs with the sizes varying from 1200 to 3000 sq. ft. A sizeable portion of these properties are freehold land sold by the local builders.
Land prices at Sarjapura Road ranges from Rs. 7 lakhs and soars up to Rs. 2 crores with the sizes ranging from 1200 to 4000 sq. ft. It is true that land plots sold by the developers which are a part of the gated community are more expensive than the ones sold by the local developers or the individual sellers.
Northern part of Bengaluru:
Among the areas in the North, Yelahanka, MCEHS Layout and Jakkur have the highest supply of residential plots. The prices at Yelahanka are lower than those in Jakkur and MCEHS Layouts. In Jakkur and MCEHS Layout the range of price is Rs. 35 lakhs. The layouts here are more meticulously planned with wider roads and better drainage systems too at places. One would find schools, colleges, hospitals and banks nearby. But in answering the question, why the prices are lower in Yelahanka, the expert market watcher opines that the plots at Yelahanka are mostly near Bellary road which is still under development. But the ones inside the developed areas are priced higher.
Within a range of Rs. 35 lakhs to Rs. 1.7 crores one can find a land plot in Jakkur of an area of 1200 to 2400 sq. ft. MCEHS Layout offer such land plots at a range of Rs. 60 lakhs to Rs. 1.5crores. But the land plots available in Yelahanka would be around Rs. 10 lakhs to Rs. 5.6 crores for an area ranging from 1200 sq. ft. to 5400 sq. ft.
The East of Bengaluru:
An area of 1200 to 1500 sq. ft. would cost around Rs. 8 to Rs. 24 lakhs in Whitefield the most major IT hub of the East Bengaluru. The place has more potential from investment standpoint and are affordable at the same time, opines a renowned broker. One can find land in the gated communities too with all extra amenities and within a compounded wall.
The Western part
Vishweshwaraiah Layout needs mention as this area, according to the data has highest supply of land parcels. However one may find the lands a bit more expensive with the prices starting at Rs. 30 lakhs. The range is from Rs. 30 lakhs to Rs. 2 crores of sizes varying from 600 to 4000 sq. ft.
There are many developers who are building gated communities and there are even many who are selling the land plots at lower rates too. One such name is TGS Layouts. The company sells residential plots in developed layouts with all modern amenities at very cheap and affordable rates. However as a note of caution the realtor advises to confirm the title of the land plot and conduct a thorough background check of the developer. He also reminds you to get all the papers and documents approved by the Bengaluru Development Authority (BDA).
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