Demand for 1BHK Apartment’s has more than doubled in Jan 2015. The report noted a 5 per cent demand for smaller units in Apr-Jun 2014 which rose to 10 per cent in the Oct-Dec 2014 quarter and 20 per cent in Jan 2015, the pace at which the demand is rising clearly indicates the change in the preference of prospective Apartment buyers in Bengaluru.
“The Bengaluru is changing to Mumbai like Demand. Before the buyers were the locals, but now it is the migrant population, majorly working couples, who are making their investment here. Hence, they prefer smaller Flats as maintenance costs and the effort are also less,”.
As per the Times Group data, the city currently has over 30 upcoming projects, in various stages of construction, offering One BHK Flats in a price range of Rs 7 lakh to Rs 1 crore. Majority of the supply is concentrated in Electronic City, Rajarajeshwari Nagar, Whitefield and Begur Road. Countable options are also available in Sarjapur Road, Doddathoguru, Chandapura and Bannerghatta Main Road. While Electronic City and Whitefield have the highest demand and supply because of evolving job market in proximity, Bannerghatta Main Road and Sarjapur Road have similar reasons coupled with well developed social infrastructure that boasts of property options in this specific category.
One Project Which has 1BHK Flats Neo Elite Apartment From Neo Homes Group with a target pocession date of 15 March 2016 in Electronic City Doddathoguru Area Very Close to Infosys,Wipro,HP,Velankani Software Etc…..