If you are looking for cheap and best housing in Bangalore and looking for 1 /2 BHK I will suggest you go for affordable housing. There are lots of Affordable Housing projects in Bangalore. And Price starts from 25 lacs onwards. Some good affordable Housing projects in Bangalore are:
1, Assetz 63 Degree East
Assetz 63 Degree East is a project of Assetz Property and located in East Bangalore at Sarjapur Road. The project is having good environmental-friendly features like rainwater harvesting, energy saving, good ventilation etc. The project offers 1, 2 & 3 BHKs. Price starts from 27 lakhs onwards.
2. Adarsh Greens
Adarsh Developers is developing Adarsh Greens project at Kogilu Cross, North Bangalore. Main features of this project are the swimming pool, gardens, and party house. It is offering 1 & 2 BHKs. Price starts from 33.5 lakhs onwards.
3. Concorde Spring Meadows
Concorde Spring Meadows is one of the budget projects in Hesaraghatta Road, West Bangalore. badminton court, swimming pools, and gym etc are the main features of these projects. It offers 1, 2 &3 BHKs starts from 22 lakhs onwards.
4. Mahaveer Northscape
Mahaveer Northscape, located off Airport Road in North Bangalore, is a low budget project of Mahaveer Group. Amenities offered are indoor game area, gym, and clubhouse. The project offers 1, 2 & 3 BHKs. Price starts from 35.82 lakhs onwards.
5. Shriram Codename Dil Chahata Hai
Shriram Properties is coming up with its budget-friendly project named Shriram Codename Dil Chahta Hai located in South Bangalore at Hosur Road. The project has swimming pools, pet zones, gym and butterfly parks. It has 2 & 3 BHKs and price starts from 34 lakhs onwards.
Procedure: To buy an affordable housing project you need to apply for the unit available in any of the project and need to contact to builder's office. Here you will have to fill the form available at builder's office buy paying application form fee. You will have to provide a copy of Aadhar card, PAN card. Further, you need to attached bank cheque / DD of prescribed fee amount as booking fee it is usually the 5 % of the total cost of the flat.
The further allotment is done through the draw. If very few units are available and occupancy of projects is almost completed, then you can directly buy the unit.
For these housing projects, you can get a home loan from banks easily. HDFC, ICICI banks approve home loan instantly. You will get approximately 80-85% home loan of the total cost of the flat. And the monthly instalment of 30 Lakhs property will be roughly 23-25 thousand per month as interest rate varies from 6.75 to 7.00 these days.