Affordable Housing Property Destinations in Bangalore
Affordable housing is PMAY's (Pradhan Mantri Awas Yojana) flagship plan to meet the mission "Housing for All" by 2022. Below-average household income. A household with an income of less than 50% of the Area Median Income (AMI) in a particular area is entitled to affordable housing.In India, the majority of the population who cannot afford housing, especially in large cities, benefit from this scheme, and the government has also partnered with private builders and developers to continue the mission.
Affordable housing is determined by the following elements:
- Economically weakest section (EWS): 300 to 500 square meter cabinet. foot up to INR 5L with an EMI of 4,000-5,000.
- Low income group (LIG) - Housing from 500-600 m2. ft from INR 7-12L with an EMI of 5,000-10,000
- Middle income group - Housing from 600-1200 m2. ft from INR 12-50L with an EMI of 10,000-30,000
Among the big cities, Bangalore is known as an ideal option
for people who want to take advantage of the affordable housing scheme.
Bangalore has recently become a home for many who come from small towns and
speak looking for vacancies. The plan has helped these families to find decent
accommodation in the city.
In addition to government action, many private projects and
builders have implemented this plan in Bangalore. Whether you are looking for a
reason or an apartment, investing in the right place ensures that you can meet
all your needs within your fixed budget.
Some of the best housing projects in Bangalore offering 1
and 2 BHK houses for under Rs. 50 lakhs is:
Vaishnavi Serene - A project of the Vaishnavi Group
developer, Vaishnavi Serene, is based in Yelahanka. Spread over an area of
10.82 hectares, this project offers 1, 2 and 3 BHK houses in the price range
of Rs 25.95 and Rs 52.72 lakh.
North East Paradise - Several parcels of the North East
Paradise Group, this is a 14 acre area located in Devanahalli with an average
price of Rs. 28.8 thousand rupees.
Gordrej Properties - A housing project developed by the
Gordrej Properties group, located in the prime location on Kanakpura Road.
Various 1, 2 and 3 BHK homes are offered on 18 hectares of land starting at Rs.
35.59 lakhs.
Besides these, there are many affordable housing projects in
popular locations in Bangalore. Here is a list that can help you with your home
search:
Rays of Dawn - Located in the heart of modern Bangalore,
Rays of Dawn offers a range of BHK 2 and 3 apartments with a price range of Rs
43-49 lakh. This 60 acre lot is close to IT sectors such as Electronic City,
Nice Road, Bannerghatta Road and Hosur Road.
Park Cubix, Phase 1: This Devanahalli project is located in
North East Bangalore and has 810 units with 1, 2 and 3 BHK houses. The project
spans 18 hectares and offers a price range of Rs 26 to Rs 61 lakh.
Sunworth, Phase 1: A modern housing project in Kumbalgodu,
Sunworth is a complex of 1,440 2 and 3 BHK apartments ranging in size from 800
to 1083 m2. Some of the popular destinations nearby include Global Village Tech
Park, RV College of Engineering, Bangalore University, HAL International
Airport, Bidadi Industrial Area, also with easy access to the Namma subway
line. The price range of the tenants is between 36 and 48 lakh rupees.
Saroj Harmony: This is a group of 2 and 3 BHK apartments in
Halasahalli. It offers facilities such as a landscaped garden, a rainwater
harvesting facility, an amphitheater, a treatment plant, a gym at a price
ranging from Rs 47.9 lakh.
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