If you are looking for residential properties in North Bengaluru, Budigere is an ideal choice as it is the bright spot for real estate. The residential properties in Budigere, Bangalore, are slated for a good uptick in the coming months. The locality is about to get a significant revamp in infrastructure and connectivity. Of late, the government of Karnataka announced a big-time upgrade in the road connecting Hoskote with KIA Road. It is one of Bangalore’s busiest streets, now subjects to a 22km road widening project to be started soon by the State Road Development Corporation, KRDCL.
As the project will decongest traffic in Budigere, the property market in this locality situated in North Bangalore is set to get a shot in the arm. It is a Rs 420-crore project covering 22 km. At present, the residential properties in Budigere are selling in the range of Rs 3,500-4,200 per sq ft. There is ample availability of residential properties in Budigere, be it 1BHK or 4BHK apartments. It is the right time to buy property in Budigere cross Bangalore as the prices will soon start going up once the road widening project takes off.
The Budigere real estate market has been performing well for the past few years. As per historical records, residential properties in Budigere used to hover in the range of Rs 2,800-3,200 per sq ft until a couple of years ago. The average property prices are pegged at Rs 4,000 per sq ft – this denotes a recognition in capital values to the tune of 20-25 percent.
The most significant advantage Buidgere offers to its residents is its flawless connectivity to the Kempegowda International Airport (KIA) and other significant parts of the city. The new road widening project will cut the travel time between Budigere and the KIA airport by half to top it off.
Low Price of Properties in Budigere Bangalore
Still, at this moment, the property prices in Budigere cross are relatively lower in comparison to other neighborhood locations such as Whitefield. There is a noticeable difference of 10-20 percent, making for a considerable saving for an average home buyer. However, this difference in property prices will not be sustainable for more time – given the kind of physical infrastructure boost the locality is about to witness.
There is no second thought that the road widening project will give a significant impetus to residential properties in Budigere, but that is not the only reason we recommend homebuyers to take a call on this location fast.
The locality will also be getting Aerotropolis and Aerospace Park. These projects will draw the attention of thousands of professionals to this location, and those who will work in these commercial projects will always prefer to stay near their workplaces. Consequently, the property market in Budigere will witness vibrant demand in the coming times.
The emerging trend will not only boost capital values at this locality but also support the rental market. It is not mandatory that everyone will be interested in buying properties in Budigere. A large number of people will look for properties on rent in Budigere or on Budigere road. That suggests that there will be a good opportunity for people who want to invest in properties to generate regular rental income.