Home Buyers look for a property which is economical, affordable and within the reach of their bank accounts. For this reason, people are getting attracted towards Affordable Housing Scheme. Even in cities like Bangalore, with on an average higher purchasing power compared to many other cities, the demand for affordable housing is increasing at a very fast rate.

South Bangalore 

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  • South Bangalore is the home to India’s one of the best business school – IIM-Bangalore and other prestigious institutes like Narsee Monjee Institute of Management Sciences, Christ University, etc.
  • The area is surrounded by water bodies and lakes with a huge amount of space for residential housing purpose.
  • One can visit a large number of recreational parks and places to enjoy the life.
  • The shopping malls in South Bangalore are considered to be one of the best in the city like the Bangalore Central Mall, Phoenix Market City Mall, etc.
  • It is an attractive place occupied by the youngsters. You will a number of entrepreneurial ventures in cafes, pubs and restaurants across this part of the city.
  • Several companies have flourished in this region in the past decade. Electronic City in South Bangalore is considered to be one of the hubs of IT sector with companies like Wipro, Infosys, BHEL etc. 
  • Research and Development Centers of the Government of India namely, Indian Space Research Organization and Geological Survey of India are also situated here.
  • Roads here are wide and well connected and there are enough hospitals in case of emergency.
  • To meet the daily demands of the people metro has been functional and metro will expand in this region since the population is quite high.
Guide to Electronic City Real Estate Market

Landmarks in Electronic City, South Bangalore

As earlier covered in Revised Master Plan 2031 by the Bangalore Development Authority, Bangalore will have a population of 2 crores by the end of the year 2031. Hence, there arises a necessity to accommodate people using Affordable Housing Schemes. Listed below are some of the affordable housing projects in South Bangalore under 60 lacs.

1. The Green Terraces

The Green Terraces - Elevation Full Sky View

The Green Terraces – Elevation Full Sky View

The Green Terraces in Neo Town, Electronic City Phase 1 is equipped with your future needs around Nature and Technology. A Home that recreates our ancestors‘ pure lifestyle. A Home that’s inspired by the previous generations but built for the current one.  A project by Keya Homes and equipped with eco-friendly amenities. Water Treatment Plant is one such example. Say NO to water tankers for your daily needs.

Salient Amenities:

1. The project has a combination of WTP(Water Treatment Plant) and Rain Water Harvesting(RWH) to make sure that you don’t have to rely on water tankers. Water is available through internal sources only

2. The project has solar-enabled power back up for all the units which will also reduce the maintenance cost.

3. This is a future-ready project. All the car parks have battery charging points for charging your electric vehicles.

4. Has a forest-themed jogging track.

5. Living rooms are designed efficiently to capture 100% daily sunlight.

6. 33,000 sqft. of 5 Star Club House with Bowling Alley, Infinity Pool and Badminton Court

7. 13,000 sqft of Natural Recreational Terrace

8. Tech-Enabled Homes with Centralized IP surveillance, Centralized Cable, Broadband and Gas Connection.

9. End-to-end high-end fit outs across the project.

10. Has landscaped double height sky decks.

Location: Electronics City Phase I, Bangalore South

Rate: Rs 4444/sqft

Configuration: 1,2,3 BHK Apartment

Price Range: Rs 35.77 L – 85.57 L (all incl. cost + regs. extra)

No. of Units: 393

Total Construction Area: 2 acres

RERA Status: Registered, PRM/KA/RERA/1251/308/PR/171103/001517

Possession: April 2019

Developer – Keya Homes

2. GM Infinite Global Techies Town

GM Infinite Global Techies Town, Electronic City Phase 1 - Elevation Image

GM Infinite Global Techies Town, Electronic City Phase 1 – Elevation Image

GM Infinite Global Techies Town in Electronic City Phase 1 is a massive residential project with over 4000 units spread across 26 acres with 3 towers/19 floors each. The project is located in Neo Town integrated township of Electronic City Phase 1, Bangalore South.

Location – Electronic City Phase 1, Bangalore South
Rate – Rs 3200 per sqft 
Configuration – 2, 3 BHK Apartments
Total Construction Area – 26 acres

RERA Status: Registered
Price Range – Rs 28.8 lacs – 56.0 lacs
No. of dwelling units – 4256 units
Developer – GM Infinite

3. MJR Clique Hercules

MJR Clique Hercules, Golahalli, Electronic City Phase 1

MJR Clique Hercules, Golahalli, Electronic City Phase 1

MJR Clique Hercules is a 3.45 acre project by MJR Builders. MJR Clique-Hercules is located in Gollahalli which is in the Electronic City Phase-I area. On Neotown Road, to be precise. A locale that needs no introduction anymore. Offering apartments ranging from 1, 2, 2.5 & 3 (Regular and Large) BHK, this signature abode is well connected to Tech Parks, Educational Institutions, Hospitals and Social Infrastructures. In other words, MJR Clique-Hercules is close to almost everything.

The project is equipped with all the modern amenities that will help you make your life convenient and comfortable. Key amenities offered to residents at this project include Lift, 24/7 Power Backup, Fire Fighting Systems, Intercom, Car Parking, Gymnasium, Club House, Children’s Play, 24×7 Security, DTH Television,Visitors Parking, Water Softener Plant Area etc. The project has luxurious 2 BHK and 3 BHK apartments. The 2 BHK configuration ranges from 1140 sqft. to 1300 sqft. and the 3 BHK apartments ranging from 1425 sqft. to 1570 sqft. The apartments are meticulously designed with convenience & the best of amenities.

Location – Golahalli, Electronic City Phase 1
Rate – Rs 4000 per sqft 
Configuration – 1, 2, 3 BHK Apartments
Total Construction Area – 3.45 acres

RERA Status: Registered
Price Range – Rs 26.6 lacs – 62.8 lacs
No. of dwelling units – 281 units
Developer – MJR Builders

4. GM Infinite Ambitious Enclave

GM Ambitious Enclave

Image Source: GM Ambitious Enclave

This affordable housing project situated in Electronic city, is developed by GM Infinite group. With an Aluminium System Formwork with RCC Wall & Slab (Like MIVAN Construction) and flats made with Vaastu concept It has amenities like Swimming pool, Yoga court, jogging track, badminton and many more.

Location: Electronic City

Rate:  Rs 3600 per sqft

Configuration : 1,2,3 BHK Apartments

Price Range : Rs 18.0 lacs – 35.64 lacs

No. of dwelling units : 2359 units, 1 Buildings

Total Construction Area : 10.6 acres

Developer : GM Infinite

5. Purnima Elite

Purnima_Elite_South_Bangalore_Electronic_City_Affordable_Housing

Image Source – Purnima Elite

Purnima Elite is located in one of the fastest growing areas of Bangalore. It is highly comfortable with magnificent interiors. It has features like Earthquake Resistant RCC Framed Structure, Sewage Treatment Plant and a Rain Harvesting System. The place is very near to the supermarkets, one can easily buy items from there. Not only these, the place also has amenities like gymnasium, jogging track and a lift to ease your life.

Location – Electronic City
Rate – Rs 2900 per sqft 
Configuration – 1.5, 2, 3 BHK Apartments
Total Construction Area – 2.15 acres
Price Range – Rs 18.85 lacs – 35.21 lacs
No. of dwelling units – 236 units
Developer – Purnima Build Tech

6. Aratt Vivera

Aratt_Vivera_Affordable_Housing_South_Bangalore_Begur

image source – aratt vivera

A multi-storey project, located in Begur offers around 80% open area for fresh air and recreational purposes. Importance has been given to the architecture and is rightly of international standards. Its landscaped garden is the main attraction for the on-lookers. There is ample space given for parking. The project also has a swimming pool and a children’s park as well.

Location – Begur
Rate – Rs 3790/sqft 
Configuration – 2, 3 BHK Apartments
Total Construction Area – 4.2 acres
Price Range – Rs 47.00 lacs – 54.65 lacs
No. of dwelling units – 320 units
Developer – Arattukulam Developers

7. PSR Aster

PSR_Aster_Affordable_Housing_South_Bangalore_Dommasandra

image source – psr aster

PSR Aster is located in Dommasandra. The ventilation is done perfectly in each housing units. They are made accordingly as in the Vastu Shastra. The environment is clean and there is greenery around. The project comes up with modern amenities like gymnasium, badminton court, swimming pool, children’s play area. It also has  Earthquake Resistant RCC Framed Structure to ensure the safety of the people.

Location – Dommasandra
Rate – Rs 3000 per sqft 
Configuration – 2, 3 BHK Apartments
Price Range – Rs 29.01 lacs – 45.45 lacs
No. of dwelling units – 36 units
Developer – PSR Construction Group

8. Abode Breeze 

Abode_Breeze_South_Bangalore_Electronic_City_Affordable_Housing

image source – abode breeze

Abode Breeze is located in Electronic City and it also comes up with an affordable price. The home ensures to give you an international experience. There is ample space to breathe fresh air and relax. It too has modern amenities like gymnasium, lift, jogging track and a swimming pool. The project promises to make the investment of buyer worth it.

Location –Electronic City
Rate – Rs 3300 per sqft 
Configuration – 3 BHK Apartments
Price Range – Rs 47.76 lacs
No. of dwelling units – 20 units
Developer – Abode Creations

With Pradhan Mantri Awaj Yojana scheme, it has become relatively easier than ever to afford a low cost apartment with over Rs 2.67 lakh interest subsidy provided by the govt on home loans. 

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