Banaswadi: The Perfect Location For High-End Residential Projects

Banaswadi is a residential locality in Bangalore that is also a social and educational hub. Most of the residential projects in the region have been completed and have a fine mix of luxury and mid-range housing options. Banaswadi is arguably one of the best places for a high-end housing project given its strategic location. Read on to know more about the real estate market of Banaswadi.

Banaswadi Overview

Banaswadi is situated to the north east of Bangalore’s Central Business District and shares a symbiotic relationship with its neighbouring localities and the Outer Ring Road. HRBR Layout to its north, Kammanahalli to its west, Kasturi Nagar to its south, and Ramamurthy Nagar and Outer Ring Road to its east flank it. It has its own railway station in the southwestern area, where most intra-state passenger trains and express trains halt.

The closeness to the Outer Ring Road has aided in the development of this calm locality. Residential plots and land in Banaswadi were the first ones to be taken compared to neighbouring areas. With many restaurants, greenery, and wide roads, Banaswadi has witnessed planned development.

Connectivity And Social Needs

Banaswadi is well known for its clean roads and comfortable connectivity. Although there is no metro rail to travel to the centre of the city, there are plenty of buses to reach any major part of the city. One can also commute via the Ring Road. Banaswadi is less polluted than most other Bangalore localities, and the number of row houses and apartments here have a plethora of facilities.

As far as the basic needs go, there are 3 to 4 schools within 1.5 km and most of them are on the 100 ft road or in Tilak Nagar. Hospitals and shopping malls lie within 2 to 3 km, and this gives the advantage of a calm and noisefree neighbourhood. The fact that Banaswadi has many parks and social infrastructure facilities within and around the area, is a fine indicator of how luxury apartments and villas can potentially flourish here.

Real Estate Market

Banaswadi has around 639 completed residential projects and 75 odd upcoming ones. With over 50 percent of the property distribution pointing towards apartments, the other main contributors are landed houses at 35 percent.

Banaswadi has an average selling price of Rs. 4654 per sq. ft. and a decent estimated sale price appreciation of 7.2 percent per annum. While neighbouring areas of HRBR Layout and Kammanahalli have been commanding higher buying rates, Banaswadi is set to be the future of premium residential projects in the vicinity. So if you are looking for a cozy home in a calm residential setting, Banaswadi should top your list.

Gsv Naresh is a real estate blogger who blogs about India's realty market and also gives advice on buying residential projects and flats in India.For More Information about Real estate Visit CommonFloor.