Introduction
Are you looking to invest in one of the most acclaimed housing societies in Bangalore? OpenPlot has listed the top societies in the city where apartment prices have increased by up to 51% year-on-year. These projects make it to the list, surpassing the 8,500 housing societies reviewed for price hikes in the city! Let’s find out what these profitable projects are.
Table of Contents
- Appreciating the Projects in Bangalore
- Brigade Bricklane
- Raja Ritz Avenue
- Assetz 63 Degree East
- DS Max Sonata
- Godrej Eternity Project
Bangalore is one of the most preferred housing hubs in South India. There are mainly premium home buyers. The city has received considerable attention from investors for several infrastructure developments, such as the Satellite Town Ring Road, the Peripheral Ring Road, and the Bangalore Suburban Railway Corridor.
Some of the most admired housing societies in Bangalore are planning to invest in the city’s residential projects, Brigade Bricklane, Raja Ritz Avenue, and Assetz 63 Degree Features.
Appreciating the Projects in Bangalore
Compiles the most popular housing societies in Bangalore. By December 2023, these apartment rates will have witnessed maximum year-on-year (YoY) appreciation.
Brigade Bricklane
Brigade Group, located in Jakkur, North Bangalore, has seen the maximum growth in their Brigade Bricklane property prices. According to OpenPlot, the average home value in the project has increased by 51 percent year-on-year. In 2022, per square foot was Rs. 4,549; in 2023, it increased to Rs. 8,224.
Spread over an 8.2-acre land parcel, the project consists of a single tower. Has 1 BHK & 2 BHK apartments starting at 68 lakhs. The availability of more than 30 facilities, including a clubhouse with facilities like a gym, multipurpose hall, badminton court, skating rink, reflexology park, oxyzones, tree plazas, and grocery store, is unique here.
Raja Ritz Avenue
For those looking for an opportunity in Bangalore East, Raja Ritz Avenue in Hoodi is one of the prominent projects. With the same price growth as Brigade Bricklane, i.e., 51% YoY, Raja Ritz Avenue is also one of the most appreciated housing societies in Bangalore. However, the prices here, despite the increase, will average Rs. 7,277 in 2023.
Spread over an area of 7.5 acres, Raja Ritz Avenue is a ready-made project offering 1 BHK to 3 BHK units, starting at Rs. 1.27 crore to Rs. 1.3 crores in the price bracket. The USP of the project is the 25,000-square-foot clubhouse and around 60 percent vacant space.
Apart from CCTV cameras and 24×7 security guards at all entry and exit points, the project has boom barriers at the entrance to ensure the safety of residents. Further, the library, solar water heating, power backup, gymnasium, and water softeners are some of the additional facilities available.
Assetz 63 Degree East
Located on Sarjapur Road, Assetz 63 Degree East is a popular residential project among investors due to its 48 percent annual price growth by 2023. The project is a township spread over 26 acres, with 68 percent vacant land and more than 25 amenities.
Also, it is an IGBC Gold-rated project with smart homes with motion sensor lighting. The Assetz 63 Degree East project is designed to conserve 74% of water and includes a 40,000-square-feet clubhouse.
In total, the project consists of six towers. Of these towers, B, C, and D are ready to move. Towers A, E, and F are under construction. Offers 1 BHK-4 BHK units. Home values in Assetz 63 Degree East, as per OpenGaplot, average Rs. 7,957. The main attraction of the project is the IT hub of Whitefield, which is 14 km away with easy access via SH-35.
DS Max Sonata
DS Max Sonata is a residential society located in Chikkabanavar, north of Bangalore. This property was completed in September 2021. The average property price of the society in 2022 per sq. ft. increased from 3,302 per sq. ft. in 2023 to. 4,886, an increase of about 48 percent.
The project comes with three towers of G+3 structure, comprising 2 BHK and 3 BHK residential units. A total of 170 units are planned in this society, spread over 1.3 acres. Some of the facilities of this project include a swimming pool, a gym, charging points for electric vehicles, rainwater harvesting, and a play area.
Godrej Eternity Project
Completed in July 2023, Godrej Eternity offers 1 BHK, 2 BHK, and 3 BHK options, starting at Rs. 75 lakh to Rs. 1.27 crore. This residential development in 2022 will cost Rs. 5,531 in 2023 to Rs. 8,105, seeing a 47 percent property price growth.
The project offers smart home living with more than 50 amenities under its hood. Also, the apartments here are Vastu-compliant. Overlooking the serene garden view. Residents have access to some of the community’s amenities, including a pharmacy, medical center, gym, laundry, solar lighting, and swimming pool.
Conclusion
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Also Read: Godrej Properties to Build a Township in Bengaluru