Bangalore's meteoric rise and rapid expansion due to the IT boom has expanded the city beyond its boundaries. The surrounding hinterland has transformed into busy neighbourhoods offering residential options to thousands that have moved to Bangalore looking for better opportunities. Yet, the city centre and its neighbouring areas retain their charm and appeal and are counted amongst the most expensive localities. Before listing the toniest addresses of Bangalore, let's first understand what factors decide the value of a residential area: Location: It remains the golden standard of real estate valuation and is inarguably the single most important factor determining the value of any locality. Typically, real estate values are the highest at the city’s centre and decline as we move to the peripheries. Infrastructure : Infrastructure in the form of roads, flyovers, malls, bus terminals and other facilities nearby helps in increasing an area's value. At the same time, social infrastructure that extends to entertainment hubs, medical facilities, educational institutions, and retail centres also add appeal. Amenities : Localities that provide facilities such as proper electric connections, telephone lines, community centres, parks, and parking lots have an edge in the property market. Moreover, luxury home developers are offering features such… Read full this story
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