Looking For Property In North Bengaluru? Consider Budigere

For those looking for residential properties in north Bengaluru, Budigere could be the destination of choice. In the past three years, the prices of residential apartments at Budigere have increased by more than 25 per cent. Today, you can easily get a 1,000-square foot (sqft) 2BHK apartment at Rs 40 lakh. Three years back, the apartments of the same size were selling in the range of Rs 30-32 lakh.

The Budigere property market is quiet for the past few quarters, and the prices have remained more or less stable during 2017. However, the coming year may witness some raise in prices as there are strong reasons that fall in favour of this locality.

Of late, there was a major announcement about the road widening project that will connect Hoskote to the KIA Road through Budigere. This road, which is currently a single-lane road, will cover a distance of more than 22 km, and will provide a swift connectivity to the Kempegowda International Airport. The 420-crore road project is looked as a game-changer for the Budigere properties in the near-to-mid term.

The property brokers operating in the locality are already experiencing the positive impact of this news. Some residential properties which were selling at Rs 4,400 per sqft until April this year have gone a notch up and sellers are asking for Rs 4,550 per sqft. The road widening project is expected to reduce the travel time between this locality and the airport by half, and this is going to be the single largest factor driving the real estate market at Budigere.

Apart from this infrastructure boost, the Budigere property market would get a shot in the arm once the projects such as Aerospace parks and Aerotropolis hit the ground. The development of these projects in the locality will result in a vibrant jobs market that in turn will create demand for residential properties at Budigere.  

Thanks to the affordable property prices at Budigere, more and more people are considering Budigere over the neighbouring locations such as Brookfield and Whitefield.

Given the kind of growth prospects Budigere holds, it is perhaps an apt time to buy a property at this location. History says that infrastructure projects have always boosted property prices in the locations they cover, and Budigere won't be an exception.

Definer Kingdom, Shreeram Green Field, Prestige Tranquility, Bren Starlight, Sizzle White Willows, Brigade Buena Vista and Brigade Golden Triangle are some of the residential projects which offer 1-4 BHK apartments at Budigere.