Interest subsidy on home loans as per Pradhan Mantri Awas Yojana(PMAY) scheme is triggering launch of a number of Affordable Housing Projects(AHP) across the country. Bangalore is not left behind in this development. Below is a list of 17+ such real estate projects in different parts of Bangalore.
You can also find more details about location, pricing, floorplan, amenities of these affordable projects on below link:
Affordable Housing Projects in Bangalore Under 50 lakhs
Builders like Purvankara, Brigade, Shriram, Golden Gate, Ozone Group and Nitesh Estates are also launching projects in affordable housing sector.
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What is affordable housing?
Affordable housing addresses the housing needs of the middle and lower income households. It is a common term in developing nations like India where the buyer isn’t able to buy homes at the market price. The affordable housing units are smaller in size compared to mainstream projects, and compromise on civic amenities and other unique selling points which are otherwise common in high end real estate projects.
Despite these compromises, in regions like South Bangalore and East Bangalore, we are seeing large number of affordable housing projects. This is because creating supply in these pockets is easy due to availability of land at low prices(being on the outskirts of the city and relatively cheaper belt) and buyer demand is available because of affordable price tag.
The Ministry of Housing and Urban Poverty Alleviation(MHUPA) has also approved the construction of 17,73,052 affordable houses under PMAY(Urban) with an investment of Rs 95,660 crores in 30 states and Union Territories(as of April ’17, updated figure awaited).
Affordable Housing Projects(AHP) in Bangalore
South Bangalore
Attibele
- Attibele is an area in South Bangalore that provides affordable housing.
- The average price per sqft in Attibele is Rs 2,767.
- Located on the Outskirts of the city, it is one of the areas which is still under development but in the coming years, the outskirts areas are expected to be into the mainstream city.
- With so much population in Bangalore, Attibele is one of the areas that are stress-free from traffic and congestion. DS Max Sarovar, Aryan Golden Arena, Janaadhar Shubha, Indya The Greens are some of the projects in Attibele to look out for.
- The affordable housing projects are with a price range from Rs 15 lakh to 30 lakh.
DS Max Sarovar
Location: Attibele
Rate: Rs 2499/sqft
Configuration: 1, 2 BHK Apartments
Price Range: 19.55 Lacs – 40.97 Lacs
No. of dwelling units: 392 units, 4 buildings
Total Construction Area: 4.95 acres
Developer: DS-Max Properties
Aryan Golden Arena
Location: Off Sarjapura – Attibele Road, Near Vidriguppe Bus Stop, Attibele, Bangalore
Rate: Rs 2200/sqft
Configuration: 2, 3 BHK Apartments
Price Range: 18.99 Lacs – 30.99 Lacs
No. of dwelling units: 720 units, 10 buildings
Total Construction Area: 5.5 acres
Developer: Aryan HomeTec Pvt Ltd
Janaadhar Shubha
Location: M.Medahalli Village , Attibele – Anekal Road, Bangalore Urban
Rate: Rs 3896/sqft
Configuration: 2 BHK Apartments
Price Range: 17.83 Lacs – 18 Lacs
No. of dwelling units: 392 units, 4 buildings
Total Construction Area: 6.5 acres
Developer: Janaadhar Constructions Pvt Ltd
Indya Greens Maple
Location: Plot No-497, Anekal Road, Bangalore
Rate: Rs 2875/sqft
Configuration: 2 BHK Apartments
Price Range: 21.56 Lacs
No. of dwelling units: 200 units, 5 buildings
Total Construction Area: 20 acres
Developer: Indya Estates
Doddathoguru
- Doddathoguru is another area which has gained a lot of attention from the investors due to its affordable price.
- Due to the high price in the Electronic City, the buyers have shifted their interest from Electronic City to Doddathoguru. Doddathoguru has been famous for its 1&2 BHK configurations.
- While the average per sq ft price in the Electronic City is Rs 4200, Doddathoguru’s average price per sq ft is 3800 sq ft.
- Manya Hi Living, DS Max Sky Classic, JMR Lotus, Sujana Apartments are some of the projects that provide affordable housing with a price range from Rs 35 lakh to 50 lakh.
Manya Hi Living
Location: Doddathogur Main Road, Near Hcl, Doddathoguru, Electronic City, Bangalore
Rate: Rs 3100/sqft
Configuration: 3 BHK Apartments
Price Range: 40.03 Lacs
No. of dwelling units: 100 units 2 towers
Total Construction Area: Not available
Developer: Manya Hi Living
DS Max Sky Classic
Location: Near SKF Factory, Hullimangala Road, Electronic City Phase I, Bangalore
Rate: Rs 2700/sqft
Configuration: 2,4 BHK Apartments
Price Range: 26 Lacs – 68 Lacs
No. of dwelling units: 231 units 1 tower
Total Construction Area: Not available
Developer: DS-Max Properties
JMR Lotus
Location: Electronic City Phase I, Bangalore
Rate: Not Available
Configuration: 2,3 BHK Apartments
Price Range: 22.26Lac – 51.23Lac
No. of dwelling units: 76 units 1 tower
Total Construction Area: 0.50 acres
Developer: JMR Developers Pvt Ltd
Sujana Apartments
Sujana Apartments
Location: 1st Main Road, Near Rainbow Super Market, Phase 1, Electronic City, Bangalore
Rate: Rs 2660/sqft
Configuration: 2 BHK Apartments
Price Range: 28 Lacs
No. of dwelling units: 45 units 1 tower
Total Construction Area: Not available
Developer: Sujana Builders
Arekere
- Arekere has recently gained popularity due to high availability of affordable housing over its neighbour Hulimavu.
- The price in Arekere stood at Rs 4600-4800 per sq ft.
- Hulimavu had a price range of 5200-5400 INR per sq ft.Arekere which is located along the Bannerghatta Road is constantly gaining the eyes of prospective investors.
- Due to its adjacency to IIM-Bangalore and BPO, IT companies have made it more popular than its neighbouring areas.
- Spring Leaf, Shravanthi Pristine, Pravabhvati Residency, Niranjan Maxima are some of the Projects in the area the area that is offering affordable housing from 30 lakh to 50 lakh.
Axis Spring Leaf
Location: Arekere, Bangalore
Rate: Not available
Configuration: 3 BHK Apartments
Price Range: 58.50 Lacs
No. of dwelling units: Not available
Total Construction Area: Not available
Developer: Axis Concept Construction Pvt Ltd
Shravanthi Pristine
Location: Bannerghatta Road
Rate: Rs 2875/sqft
Configuration: 1,2,3,4 BHK Apartments
Price Range:36.54 Lacs – 65.34 Lacs
No. of dwelling units: Not available
Total Construction Area: Not available
Developer: Shravanthi group
Prabhavathi Residency
Prabhavathi Residency
Location: Begur
Rate: Rs 5024/sqft
Configuration: 2 BHK Apartments
Price Range: 42 Lacs
No. of dwelling units: Not available
Total Construction Area: Not available
Developer: Prabhavathi Builders
Niranjan Maxima
Niranjan Maxima
Location: Arakere
Rate: Rs 3400/sqft
Configuration: 2 BHK Apartments
Price Range: 39.17 Lacs – 40 Lacs
No. of dwelling units: 60 units, 1 building
Total Construction Area: Not available
Developer: Niranjan Developers
North Bangalore
- North Bangalore too has affordable housing projects but they are in limited number.
- Due to high demand and proximity to airport, the prices in North Bangalore have gone up.
- North Bangalore is still considered to be an area for affordable housing projects in areas like Bisuvanahalli and Vidyaranyapura.
- The price range of area per sqft in Bisuvanahalli is Rs 3,272 – 3,868 whereas the price range for area in Vidyaranyapura is Rs 3,698 – 4,335. Provident Welworth City, Aurora Iris in Bisuvanahalli are providing affordable housing at a range of 26-35 lakh.
- On the other hand, Sashank Anutham, DS Max Silver Nest in Vidyaranyapura are providing housing at a range of Rs 30-50 lakhs.
Sashank Anutham
Sashank Anutham
Location: Kodigehalli
Rate: Not available
Configuration: 2, 2.5, 3 BHK Apartments
Price Range: Rs 38.93 Lacs – 65.97 Lacs
No. of dwelling units: Not available
Total Construction Area: 1 acre
Developer: Sashank Constructions
DS Max Silver Nest
DS Max Silver Nest
Location: Vidyarayanapura
Rate: Rs 4910/sqft
Configuration: 2,3 BHK Apartments
Price Range: 55 Lacs
No. of dwelling units: 80 units 2 towers
Total Construction Area: Not available
Developer: DS-Max properties
Provident Welworth City
Provident Welworth City
Location: Doddaballapur
Rate: Rs 2976/sqft
Configuration: 2,3 BHK Apartments
Price Range: 40 Lacs
No. of dwelling units: 3360 Units 61 Towers
Total Construction Area: 41 Acres
Developer: Provident Housing Limited
Arun Patios
Arun Patios
Location: Yelahanka
Rate: Not Available
Configuration: 1,2,3 BHK Apartments
Price Range: 30-40 Lacs
No. of dwelling units: 248 Units 5 Towers
Total Construction Area: 5.63 Acres
Developer: Arun Shelters
South East Bangalore
Electronic City
Some affordable housing projects in Electronic City include-
1. GM Ambitious Enclave
GM Ambitious Enclave
This affordable housing project situated in Electronic city, is developed by GM Infinite group. With an Aluminium System Framework with RCC Wall & Slab and flats made with Vaastu concept. It has amenities like Swimming pool, Yoga court, jogging track, badminton and many more.
Location: Electronic City
Configuration: 1,2,3 BHK Apartments
Price Range: Rs 13.90 – 27.68 lacs
No. of dwelling units: 2359 units, 1 Buildings
Total Construction Area: 10.6 acres
Developer: GM Infinite
2. Purnima Elite
Purnima Elite
This project by Purnima Build Tech is located off Hosur Road, near Electronic City. Developed over 2 acres of land with 45% open, it consists of several amenities like swimming pool, jogging track, gymnasium, multi purpose hall, cafe etc.
Location: Survey No. 136 & 137, Kammasandra Village, Near Kammasandra School, Anantha Nagar,
Rate: 2,900/sqft
Configuration: 1.5, 2, 3 BHK Apartments
Price Range: Rs 18.85 – 35.21 lacs
No. of dwelling units: 236 units, 3 Buildings
Total Construction Area: 2 acres
Developer: Purnima Build Tech
Pristine Temple Bells
Location: Kammasandra, Electronic City
Rate: Rs 3000/sqft
Configuration: 1,2 BHK Apartment
Price Range: 18.75 Lacs
Developer: Pristine Builders
The Green Terraces
Location: Electronics City Phase I, Bangalore
Rate: Rs 4444/sqft
Configuration: 1,2,3 BHK Apartment
Price Range: 35.77 Lacs
No. of dwelling units: 393 units 2 Towers
Total Construction Area: 2 acres
Developer: Keya Homes Private Limited
Sarjapur Road
Some projects in Sarjapur Road include:
1. SNR Verity
SNR Verity
This project has been developed by SNR Square builders. Located in Thindlu village, Sarjapur Bus Stop, Bangalore East, it consists of a total of 128 units divided into 4 buildings spread over 1 acre of land with 30% open. The amenities include a landscaped garden, badminton, tennis and basketball courts within the complex along with a visitor car parking.
Location: Thindlu village, Sarjapur Bus stop
Rate: Rs 2850/sqft
Configuration: 1, 2, 3 BHK Apartments
Price Range: Rs 13.88 – 29 lacs
No. of dwelling units: 128 units
Total Construction Area: 1 acre
Developer : SNR Square Pvt Ltd
2. Celebrity Square
Celebrity Square
The project is located at Attibele-Sarjapur Road, Bidaraguppe is complete with modern amenities like a swimming pool, gymnasium, indoor games room, children’s play area, landscaped garden, shuttled court etc and consists of 2 buildings and 50 units in total spread over 2 acres of land with 50% open.
Location: S. No. 323 and 324/3, Bidarguppe Village, Sarjapur Attibele Road Main Road,
Rate: 2,600/sqft
Configuration: 2,3 BHK Apartments
Price Range: Rs 21.58 – 28.91 lacs
No. of dwelling units: 50 units, 2 Buildings
Total Construction Area: 2.5 acres
Developer: Celebrity Structures Pvt Ltd
3. Design Brindavan
Design Tech Brindavan
This project is developed by Design Tech Builders and Developers and consists of 1 building with 45 units and is located in Kada Agrahara locality. It comprises of many amenities including landscaped garden, gymnasium, play area, community hall etc.
Location: Site no. 30, Trinity home estate, Swampura village, Sarjapur road
Rate: 2,400/sqft
Configuration: 2 BHK Apartments
Price Range: Rs 24.36 – 24.96 lacs
No. of dwelling units: 45 units, 1 Buildings
Developer: Design Tech Builders and Developers
East Bangalore
1. Saroj Harmony
Saroj Harmony
Location: Halasahalli
Rate: Rs 3800/sqft
Configuration: 2, 3 BHK Apartments
Price Range: Rs 47.88 lacs
No. of dwelling units: 159 units
Developer: Saroj Group
2. Golden Days
Golden Days
Location: Harlur, Sarjapur Road
Rate: Rs 4482/sqft
Configuration: 2, 3 BHK Apartments
Total Construction Area: 8.0 acres
Price Range: Rs 41.54 lacs – 73.73 lacs
No. of dwelling units: 520 units
Developer: Golden Gate Properties LTD
3. SVS Tiara
SVS Tiara
Location: K R Puram
Rate: Rs 2599/sqft
Configuration: 2, 3 BHK Apartments
Total Construction Area: 2 acres
Price Range: Rs 24.66 lacs – 37.56 lacs
No. of dwelling units: 152 units
Developer: SVS Constructions (website under development)
4. Prominent Vistara
Prominent Vistara
Location: Varthur
Rate: Rs 3200/sqft
Configuration: 2, 3 BHK Apartments
Total Construction Area: 1 acre
Price Range: Rs 28.80 lacs – 40.96 lacs
No. of dwelling units: 44 units
Developer: Prominent Homes
Adithya Esquina
Location: Sorahunase
Rate: Rs 3100/sqft
Configuration: 2,3 BHK Apartment
Price Range: 28.9 Lacs
No. of dwelling units: 116 units
Total Construction Area: 1.5 acres
Developer: Adithya Constructions
West Bangalore
1. Shree Nilayam 3
Shree Nilayam 3
Location: Tunganagara
Rate: Rs 3100/sqft
Configuration: 2, 3 BHK Apartments
Price Range: Rs 31.93 – 44.95 lacs
No. of dwelling units: 40 units
Total Construction Area: 2 acres
Developer: Shree Karam Estates
2. Peace Desire
Peace Desire
Location: Annapurneshwari Nagar
Rate: Rs 3500/sqft
Configuration: 2, 3 BHK Apartments
Price Range: Rs 34.89 – 60.92 lacs
No. of dwelling units: 44 units
Total Construction Area: 0.41 acres
Developer: A Peace Projects LLP
3. Fateh Perfect Casa Bella
Fateh Perfect
Location: Nagarbhavi
Rate: Rs 4500/sqft
Configuration: 2 BHK Apartments
Price Range: Rs 47.57 – 57.96 lacs
No. of dwelling units: 35 units
Developer: Fateh Buildtech
4. Griha Mitra Grand Gandharva
Griha Mitra
Location: Raja Rajeshwari Nagar
Rate: 3,200/sqft
Configuration: 2 BHK Apartments
Price Range: Rs 37.9 – 45.4 lacs
No. of dwelling units: 290 units, 5 Buildings
Total Construction Area: 3 acres
Developer: Griha Mitra
Vaastu Hill View 3
Location: Gattigere, RR Nagar
Rate: Rs 3900/sqft
Configuration: 2,3,4 BHK Apartment
Price Range: 36.66 lacs
No. of dwelling units: 79
Total Construction Area: 0.95 acres
Developer: Vaastu Structure Builders
It is advisable to invest in affordable housing segment because of high demand and subsidy benefits given by the government. Major national level developers like TATA Housing, Godrej Properties, Ashoka Group have their plans to enter into affordable housing in Bangalore.
Recently, the GST on affordable housing was slashed to 1 per cent from 8 per cent. These changes will be applicable from April 1, 2019. Affordable Housing now includes apartments of 60 sqm and 90 sqm carpet area for metro and non-metro cities respectively. The upper limit set on these affordable housing apartments is Rs 45 lakh. However most of the flats under affordable housing in metro cities have a cap value of more than Rs 45 lakhs. Therefore reducing the GST to 1 per cent with an upper limit set at Rs 45 lakh will not be beneficial for affordable housing projects in metro cities. But for the remaining cities can enjoy a GST of 1 per cent on affordable housing which is an excellent bargain.
Stay tuned for more updates related to Affordable Housing Scheme. We will write about about any further development in this area. Read more about impact of RERA on Indian Real Estate and on Home Buyers. To know about the recent changes in the Pradhan Mantri Awas Yojana and Credit Linked Subsidy Scheme(CLSS) for Middle Income I & II categories, please follow this link. If you need advice on investing between buying 2 BHK or a 3 BHK with a fixed budget, read this article for help.
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