With the Indian government's recent tax exemptions for properties with a completion certificate, buying ready-to-move-in flats in Bangalore has become a wise investment. In addition to the tax benefits, buying ready homes means avoiding construction delays and ensuring the developer’s promises, including all the planned amenities. Thanks to RERA and GST reforms, builders are now focused on finishing under-construction projects, boosting the availability of ready-to-occupy flats. If you're eyeing a flat under 50 lakhs, here are the top localities to consider:
Horamavu Agara
Horamavu Agara, located in the northern part of Bangalore, is rapidly developing into a prominent residential hub. Ideal for professionals working in nearby tech parks, such as International Tech Park and Manyata Tech Park, you can find budget-friendly properties here starting at just Rs 40 lakhs. With well-established schools, hospitals, supermarkets, and excellent connectivity to MG Road, this locality offers great value for money.
Whitefield
While Whitefield is well-known for its luxurious residential properties, it also offers affordable options for those seeking ready-to-move-in 2 BHK flats under Rs 50 lakhs. You can find properties priced between Rs 40 lakhs to Rs 48 lakhs in this vibrant IT hub. With excellent infrastructure, entertainment options, and proximity to tech parks, Whitefield continues to be a popular choice among IT professionals and high-net-worth individuals. Consider nearby areas like KR Puram and Brookefield for more affordable options.
Electronic City
Electronic City, one of Bangalore’s key IT corridors, is rapidly gaining popularity due to its metro connectivity plans. Known for its growing commercial and IT presence, the locality has seen a steady rise in property values. For those seeking affordable flats under Rs 50 lakhs, Electronic City offers attractive options. The region is well-equipped with schools, hospitals, and other essential amenities, making it an ideal location for families and professionals alike.
Uttarahalli
Located in the southeastern part of Bangalore, Uttarahalli is emerging as one of the fastest-growing residential areas. The locality offers excellent connectivity to key parts of the city and is close to posh areas like Banashankari and JP Nagar. You can easily find 2 BHK ready-to-move flats in Uttarahalli ranging between Rs 35 lakhs and Rs 45 lakhs. With its proximity to schools, hospitals, markets, and recreational spots, Uttarahalli provides a well-rounded living experience.
Conclusion:
These localities in Bangalore are ideal for those looking to buy affordable homes under 50 lakhs. With increasing development, enhanced infrastructure, and a strong real estate presence, these areas offer great value for money. Whether you’re a first-time homebuyer or looking to invest, make sure to explore these locales for the best deals on ready-to-move flats in Bangalore.