Affordable Housing in Bangalore

In real estate segment, luxury housing, ultra-luxury housing, villas, villaments and condominiums are the new buzz words that are tempting buyers to buy property.  But, today in most of the metros, developers are seeking suburban areas to launch their residential projects, be it luxury or affordable housing. With the emergence of strong middle class segment post 2009, the real estate market has been witnessing the demand for affordable housing, reports Magicbricks.com.

 


1) Affordable housing scenario in suburban areas of Bangalore

 
The real estate market has been witnessing the demand for affordable housing and considering the fact, developers are also showing interest and coming up with affordable housing projects which include premium facilities of price range between 19 lakh to 40 lakh, particularly to attract this mid-sized section. Outskirts are developing at fast pace in the city. With improved infrastructure and well connected roads, these outskirts are offering good housing option for buyers. Suburban areas with strong industrial growth are a good option for affordable housing units because the employees of these industries are the major drivers for affordable housing markets.
2) Affordable housing scenario in North Bangalore:

 
The new international airport road and its surrounding stretches are picking up demand in affordable housing market. Some of the areas like Jalahalli, Peenya, Yelahanka, Sahakarnagar, BEML Circle, Devanahalli, and Doddaballapur road are likely to get affordable housing options within a price bracket of 20-25 lakhs. For North Bangalore zone, the potential locations for affordable housing options are Yehalanka-extended to Doddaballapur main road and the Hennur-Banaswadi road. In and around areas of Devanahalli upto Doddaballapur road are offering price quote of about 20 lakhs, these areas are 40km away from the city centre.  Future developments in the field of hardware, logistics and warehousing, textile, IT and non-IT SEZs are expected to drive the growth for affordable housing in these areas.
3) Affordable housing scenario in South Bangalore:

 
In south Bangalore, most of the affordable housing activity is centered on the Sarjapur main road-extended to Sarjaour village and the Sarjapur Outer Ring road. With the emergence of improved social infrastructure including malls and international schools, these areas are witnessing potential real estate growth both in luxury and affordable housing options.  Attibele area has emerged as one of the potential areas for affordable housing because of improved social infrastructure. Localities near Kanakapura Road, Bannerghatta Road, Hosur Road, Anekal, Jigani, Begur, and Electronics City offer better options to own budget apartments in the city, with a price range between 24 to 40 lakhs.
4) Affordable housing scenario in East Bangalore:

 
In the eastern side of Bangalore, Hoskote industrial belt on NH-207 stretch is rapidly emerging as an affordable housing belt. Beside this, Whitefield and Kadugudi areas are also witnessing growth in budget residential units as developers are showing interest on these locations to launch affordable housing projects.

 
5) Affordable housing scenario in West Bangalore:

 
The locations for affordable housing options towards the West Bangalore are Mysore Road, Rajarajeshwarinagar, Kengeri, and Magadi Road. New industries are setting up their base along the Tumkur road, which will further increase the demand for budget housing. Kempegowda Layout is one example for budget housing, which shelters both residential and commercial establishments.

Meet the 3 Indian Innovators Who Have Made a Mark

Bangalore: Indian innovators have since forever, made their mark in the world of technology with great inventions and ground-breaking ideas. With a continuously exponential growth in the number of people interested in new technologies and numerous students starting their own tech projects for this evolving market, there have been many inventions by the Indian technologists like advanced GPS software and robots that have left the world awestruck.
On May 11, celebrated as National Technology Day in India since the 1998 Pokharan Test, the country awards its scientists and technologists who have made a mark in tech world. Former President, APJ Abdul Kalam himself felicitated the winners of the prestigious award for the National Technology Day 2012.

1. Ramesh Sojitra
Managing Director, Scanpoint Geomatics
Innovation: Created Software that matches satellite images with GPS co-ordinates
Coming from a small town in Saurashta, Ramesh started his career by mopping floors in a printing studio of Mumbai. He has redefined the Indian Geo-Informatics System with his commendable work in Scanpoint. The software generates 3D maps which can be used to plan new cities, estimate farm and forest cover, even guard borders at half the cost of what the foreign software charge. "It gives us pride to prove that we can compete with big MNCs," said Ramesh to IBN.




2. K Guruswamy
Director, Perfint HealthCare Corporation
Innovation: Designed Robots that treat Cancer
Guruswamy’s work has resulted in the most brilliant achievement by Indian medicine in the past decade. The Robot analyses the affected area and finds the part of the body that contains the cancerous tumor. By sending the data to its control unit, it then generates a microwave signal targeting the affected area and destroys the malignant tissues. "We are the only company in the world that offers the entire gamut of services in one package, from identifying to destroying the cancer," said Guruswamy describing the services of his excellent invention.

3. Ashok Atluri

Managing Director, Zen Technologies

Innovation: Developed Driving Simulators

Designed to save hundreds and thousands of lives lost in Indian road accidents every year the driving simulator of Zen Technologies simulates life like conditions of Indian roads to coach the drivers for real time situations. An alumnus of the Indian School of Business, Ashok says,” We've designed it according to Indian conditions, so there are cows crossing the road, pedestrians jumping in suddenly, everything you could think of on a typical Indian road.”