Bangalore and Nightlife

If you are in Bangalore and want to have a good time at night, can you? Yes, you most certainly can, the cities nightlife rivals that of other cities known to be party destinations namely Mumbai and Delhi.

Bangalore at night is a bustling place with neon lights and a carnival atmosphere in the air. It has been so for almost as long as most citizens of Bangalore can remember. This was so even 20 years ago and since then the cities nightlife and party atmosphere have both gained in reputation but not necessarily in notoriety. The citizens of the city are far too cultured to let themselves become rowdy and unruly. As a matter of fact, Bangalore is a relatively safe city for women as well, more so when compared to cities such as Delhi.

Wow, a great nightlife combined with safety for women as well! It seems Bangalore has it all, but does it? How much do you need to shell out to live in this Shangri-La? Well that’s the possible downside, living here is not cheap but still within the means of those who work in the cities IT sector, such individuals are often less affected by the rising property rates in Bangalore.

So what are the rates of property in Bangalore? Well they have been rising steadily over the past few years to the point that the average cost of an apartment at Bangalore now stands at nearly 4800 rupees per square foot which is comparable to the rates of certain developments in Gurgaon. When eyeballing this rate keep in mind that it is the average rate for property in Bangalore, there is no shortage of flats in Bangalore that are priced much higher than this average although I would be wrong to say that there are a larger number that are priced much lower. The lower bound price can only go so low, yet it would seem the higher bound price can go much higher simply because 4,800 has a lot more realistic valuations for real estate that are greater than the number than those lower than it. For example, you could probably find a development at Bangalore where flats are priced at 9600 rupees per square foot with much greater ease than you could for apartments where the cost is 1,000 rupees per square foot.  The realistic valuations for flats in Bangalore that cost significantly more than 4800 rupees per square foot has a much greater possible range than realistic valuations for flats that cost less than 4800 rupees per square foot.

So where does this leave you pertaining to partaking in the fabulous nightlife Bangalore has to offer? Well the good news is that like in any city, you need not own property to live Bangalore. You could enjoy all the charms and sights of the city without actually owing your own home in the city. Keep in mind however you many need to shift more than once in the city if you are a renter as the largest percentage of homebuyers in Bangalore tend to be those who purchase a home with the intend to live in it. So if and when they move to the city you may have to vacate their apartment and look for another one. Of course there will be a lease but I would not expect it to be of a longer duration than 1 year, so if you intend to live in the city for longer than a few years, you may need to shift residences with in the city a few times.

Bangalore Sarjapur Road

Sarjapur Road in South East Bangalore is recognized as one of Bangalore’s major business hubs. With the presence of large companies such as Wipro and Infosys one of which established a 3000 people strong campus and the other an IT Special Economic Zone in the region, its full steam ahead for this part of Bangalore. 

Due to excellent connectivity with other parts of the city such as Electronic City and Whitefield as well as the presence of good malls and schools near Sarjapur Road, the location is touted as the next top residential hub of the city. Flats in Bangalore at Sarjapur have appreciated by nearly 14% over the past 3 years, the growth in the price of apartments located at Sarjapur over this time period has been steady and consistent.

This price appreciation at Sarjapur may indicate the desirability of Sarjapur as a prime destination for many upcoming projects in Bangalore as well as provide a glimpse into the mindset of the homebuyer and his or her appeal towards Sarjapur as an attractive destination at which to own a home. In the consumer’s mind owning a home at Sarjapur has great appeal as there is no shortage of excellent social infrastructure in the vicinity and the easy commute to other important parts of the city such as Electronic City.

What may be leading to demand for flats in Bangalore at Sarjapur Road is the need for housing by young IT professionals who enjoy the location premium provided by a home at Sarjapur Road, such a home provides easy connectivity to the IT corridor greatly reducing the daily commute for workers employed in the IT sector.

A great deal of the demand for housing at locations such as Sarjapur Road is for budget homes priced between 40 to 60 lakhs of which there are several developments in Sarjapur Road. There are number of developments at Sarjapur Road where apartments are priced between 40 lakhs and 60 lakhs and the locality also offers consumers the option to own a 1300 square foot 3 BHK flat for less than 30 lakhs. Buyers who are interested in 2 BHK flats in Bangalore should have no difficulty in house hunting for them at Sarjapur Road.

Despite the appeal of Sarjapur Road as a destination for budget homes, it’s the luxury segment which actually makes up the bulk of the available housing at Sarjapur. A 2000 square foot 3 bedroom flat at Sarjapur could be yours for 1.5 crores; similarly you can be the owner of a 4 bedroom 2400 square foot flat at Sarjapur Road for less than 2 crores. The price of luxury apartments in Bangalore at Sarjapur overlaps with what may be considered budget housing at other cities and hubs, yet homes ranging from 1 crore to 1.5 crore rupees at Bangalore may or may not fall into the luxury segment depending upon the location of the development. At Sarjapur Road such properties may be classified as luxury housing or even budget homes.

It may be said that real estate in Sarjapur has a bright future ahead as the preferred residence for Bangalore’s IT workforce.  

Indira Nagar and Marathahalli in Bangalore

Bangalore is the dream destination for many young college students who are studying engineering in the country. After to Silicone Valley in America, Bangalore is where most young IT professionals go to seek their fortune and to make it big.

So where do these bright, young professionals live in Bangalore? The city is quite large with many attractive localities for professionals to call home; the city is famous for its nightlife and has a large number of pubs and eateries spread all across the city.

An attractive destination to live in Bangalore is almost certainly Indira Nagar. Being only 5 kilometers from MG Road, the center of Bangalore, Indira Nagar is a picturesque locality with lush greenery and many great restaurants in its vicinity.

Buying property in Bangalore may be important to young people who know that they will work in the city their entire lives, though they may regularly travel abroad with stints in USA, Europe and other parts of India, the likelihood of spending the majority of time pursuing their career in Bangalore may be a given.

Flats in Bangalore at localities like Indira Nagar are usually far more expensive than those in other parts of the city that are further away from the cities commercial center of MG Road. However, there are a small number of 1BHK flats in Bangalore located at Indira Nagar which cost less than 50 lakhs and may suit new comers to the city who wish to own their own home.

Much of the property in Bangalore is priced higher than 1 crore, and post localities like Indira Nagar are almost certainly no exception. Aside from 1 BHK flats in this locality, larger homes and flats easily cost upwards of 2 crores.

As an example a 3 BHK 2000 square foot flat in Indira Nagar will set you back by close to 2.5 crores.  If you wish to own your own house in this locality, be prepared to shell out well over 3 crores. This is almost certainly no place for young fresh graduates to think about buying a large house, if however, you are content with a 1 BHK or 2 BHK home then Indira Nagar may suit your pocket. Keep in mind though, this is not the India it was a few decades ago, today graduates land a job paying the same as what a 40-year-old earned even 10 years ago, salaries starting at over 1 crore are not unheard of, a few may still be able to own that dream home in this posh locality. For such young guns owing real estate in Bangalore at Indira Nagar may be a cakewalk.

For many who wish to buy residential projects in Bangalore at a less upscale location, the suburb of Marathahalli may be perfect. Marathahalli is well connected with top IT parks in the city such as Whitefield, Electronic City and Sarjapur, thus if you work at any one of the above locations, owing a home at Marathahalli makes perfect sense. Property rates in Bangalore at Marathahalli have be increasing over the past 3 years and are now priced at close to 5500 rupees per square foot, this region of Bangalore, once a poor village on the outskirts of Bangalore sure has come a long way.