Propalyst

Powered by RealBroker

Properties in Horamavu Banaswadi, Bangalore

North1 properties
FamiliesYoung professionals
Horamavu Banaswadi 1
Horamavu Banaswadi 2
Horamavu Banaswadi 3
Horamavu Banaswadi 4
Horamavu Banaswadi 5
+3

Avg. Price/sqft

₹6,500

Appreciation

5%/yr

2 BHK Rent

₹15,000 -₹22,000

3 BHK Rent

₹22,000 -₹30,000

Rental yield: 2% -4%Investment rating: balanced

About Horamavu Banaswadi

Horamavu Banaswadi is a rapidly developing residential suburb in North Bangalore, offering a blend of urban convenience and relatively peaceful living.

Horamavu Banaswadi is a well-connected locality in North Bangalore, experiencing rapid growth due to its proximity to IT hubs and essential amenities. The area is known for its mix of apartments and independent houses, catering to a diverse population. With improving infrastructure and increasing accessibility, Horamavu Banaswadi is becoming a sought-after destination for families and young professionals seeking a balanced lifestyle. The neighborhood boasts a blend of residential comfort and commercial convenience, making it an attractive location for both living and investment.

Lifestyle

Horamavu Banaswadi provides a balanced lifestyle that appeals to families and young professionals. The area has a serene suburban vibe, characterized by its residential neighborhoods, local shops, and community parks. Residents appreciate the convenience of having essential amenities within easy reach, while also enjoying a quieter environment compared to the more congested parts of Bangalore. The presence of parks and lakes adds to the area's appeal, offering recreational spaces and a touch of nature.

Connectivity

Connectivity in Horamavu Banaswadi is continually improving, with Outer Ring Road and Horamavu Main Road providing seamless access to key areas like Kalyan Nagar, Banaswadi, and Whitefield. While commute times to major hubs like the airport can be lengthy (60-90 minutes), the upcoming Shankar Nag Metro Station (Horamavu) on the Blue Line is expected to significantly enhance connectivity. The nearest operational metro station is currently Baiyappanahalli, but the new metro line will provide a more direct and efficient transportation option for residents.

Market Overview

The real estate market in Horamavu Banaswadi is currently experiencing steady growth, driven by increasing demand for residential properties. The average price per square foot is around INR 6500, with an annual appreciation rate of approximately 5%. Rental yields range from 2% to 4%, making it an attractive option for investors seeking rental income. Property values are influenced by factors such as location, amenities, and proximity to IT hubs. The market offers a mix of ready-to-move-in and under-construction properties, catering to different buyer preferences.

Investment Outlook

Horamavu Banaswadi presents a balanced investment opportunity, with potential for both rental income and capital appreciation. The area's growing infrastructure, strategic location, and increasing demand for residential properties make it an attractive option for investors. While the area is good for end-user and families. Factors to consider include hidden costs like stamp duty and registration, as well as the reliability of water supply and sewage infrastructure. Investing in ready-to-move-in properties can minimize risks associated with construction delays, while under-construction projects may offer opportunities for customization and potentially higher returns.

Vibe & Lifestyle

A blend of suburban tranquility and urban accessibility, appealing to those seeking a balance between a peaceful residential environment and proximity to city conveniences.

Dining & Social

The Hole in the Wall Cafe (nearby)Brahmin's Tiffin CenterCTR (nearby)

Shopping

Nilgiri's SupermarketReliance FreshMore Supermarket

Parks

Horamavu Agara LakeKalkere Lake

Leisure

Elements MallOrion East Mall (nearby)Decathlon (nearby)

Buyer Intelligence

Recommendation

Ready-to-move-in apartments are recommended for those who need immediate possession and want to avoid construction risks. Under-construction apartments may offer customization options and potentially lower initial costs, but come with the risk of delays and GST.

Insider Tips

Verify all legal documents and approvals before investing.Negotiate with the builder for additional amenities or a reduction in the base price.Check the reputation and track record of the developer.Explore properties with sustainable features for better long-term returns.Be aware of guidance value: Ensure that the property registration reflects the guidance value of ₹5,500. Hence, your stamp duty and registration fees will be calculated based on ₹5,500 per sq ft and not the agreed sale price of ₹5,000.Conduct due diligence.

Common Mistakes

Ignoring hidden costs like stamp duty, registration, and GST.Not verifying the builder's credentials and project approvals.Failing to assess the reliability of water supply and sewage infrastructure.Overlooking the impact of traffic congestion on commute times.

Hidden Costs (~15% of value)

Stamp duty (5.65% of property value)Registration charges (1% of property value)GST on under-construction properties (5%)Legal and documentation chargesHome loan processing feesInterior and personalization costsParking chargesAdvance maintenance chargesFloor rise chargesClubhouse and amenities chargesCorpus fundElectricity meter charges

Infrastructure

Commute Times

Airport: 60-90 minWhitefield: 30-60 min

Metro

Blue Lineunder_constructionShankar Nag Metro Station (Horamavu) - expected to be operational by June 2026
Water: mixedDeveloping; some areas may experience issues during heavy rains.

Upcoming

Shankar Nag Metro Station (Horamavu) is slated to become operational around June 2026, enhancing connectivity via the Blue Line.

Local Amenities

Schools

VIBGYOR High School - cbse, 2.2 kmChrysalis High - cbse, 1.5 kmRyan International Academy - cbse, 2 kmNew Millennium School - cbse, 1 km

Hospitals

Cloudnine Hospital - HRBR - Maternity, Gynecology, Pediatrics, 1 kmOvum Woman & Child Speciality Hospital - Women and Child care, 0.7 kmAnjani Women's Day Care Hospital - Gynecology, 0.8 km

Malls

Elements Mall (nearby)Orion East Mall (nearby)

Entertainment

Many restaurants and cafes around Kalyan Nagar and BanaswadiMovie theaters in nearby malls

Premium Communities

SJR EastwoodPrestige Key RidgeAssetz Canvas & CoveNavajyothi Paradise Palms

Properties in Horamavu Banaswadi

30"80 Duplex Bunglow East & West Road

30"80 Duplex Bunglow East & West Road

₹3 Cr

Horamavu Banaswadi/Bangalore

2,400 sqft4 beds4 baths

G+1 Independent house Spacious home  with front and back access roads  (East &West) side with external 4' feet stairs with each floor  3 BHK with  2 & 1/2 bath ( 2 master Bed Rooms in each floor) with two entrances of east and south face with teak wood door of 2" thickness with Italian lock + Godrej locks  and flush type door for Bedroom and bath room with Godrej  cylindrical locks  with additional servant bath room & store room in ground floor . Specialty  and fittings Electrical  Switches of GM make  with crystal plates  with international  and universal type sockets  in ever rooms & Hall at low heights with independent UPS wiring circuits for select lights & sockets only with 95O VA  Inverter & 120 Amp hour   Ceilings Fans are  DC fan make super fan with 56" blade with remote control  with exhaust fan with shelters for bathrooms Electrical turbo motor type Chimney  Bath room  fitting : Wall mounted type Commode with flush in build tank make Grohe with flush type mixer (conceal. Type) with single lever  & rain drop showers  with vitrified anti slippery tiles at the floor with provision for electrical water heater and  central solar heater system  Tiles for Hall and bed rooms : Vetrified marble design tiles Kitchen   galaxy type marble  with steel sink with provision for 90x60x90 cm cooking range with copper piping done for LPG cylinder  to be kept out side for both Gf&FF kitchens  GF Kitchen is modular. Window :  Two tier aluminium with anti glare and mosquitos nets with special design and shapes  for better elevation.  Every rooms and hall are fitted with Two windows for cross air circulation All four side set back  as per BBMC rules  Bore well : Drilled but motor & pump fitting not Fitted  Sump : 12k litres capacity & 1k litres  sintek over head tank fitted 1hp open well type motor and pump with starter with capacitors  Stair:  4feet width and 4 inch height stair design for easy climbing  for senior citizens  Parking ;  2  Cars + 3 two wheelers Compound: : with 5 feet height walls with two big gates  Area of land  30x80 feet= 2400 sq.ft Buildup area : 4500 sq.ft price :₹ 3,15,00,000/- negotiable   for genuine buyer only Other furniture and fitting can also be included  for additional price Reason  for selling : Owner going abroad  want to sell immediately genuine buyers Was build for own use  with high quality materials , selling for some urgent commitments

Independent House

Societies in Horamavu Banaswadi

Nearby Areas