‘Bigha’ (bīghā) in the Kannada language means ‘dwelling’ or a unit of land’ and when it comes to real estate, it refers to a standard plot size based on measurement units that have existed since British colonial times in India. While the term ‘bigha’ has become less common these days, most Indian cities still use terms like bigha, Kanal, acre, etc., as references to various land sizes.
1 – The history of bigha
The bigha has been a part of Indian culture for hundreds of years. It was originally a measurement for land, but eventually became a measurement for property size. In Bangalore, construction projects are often planned around bighas because they are an important factor in determining taxes and property values.
2 – How many bighas are there in Bangalore?
There are about 8.2 million bighas of land in Bangalore, with construction taking place on an estimated 1.5 million bighas or 20% of the city’s total area. The rest of the area remains vacant due to a lack of infrastructure, high prices, and difficulty acquiring land through legal means. This has led to a decrease in demand for property within Bangalore.
3 – The impact on Bangalore property prices.
The impact of bigha on property prices in Bangalore can be seen across the city. Areas, where land was previously priced at Rs 12 lakh per bigha, are now selling for as much as Rs 60 lakh. In areas that are not yet developed, land has doubled from an average of Rs 12 lakh to Rs 24 lakh per bigha.
4 – The cost of 1 bigha land (with calculations).
The cost of 1 bigha of land varies depending on location. A 1 bigha land in Bangalore’s CBD (Central Business District) costs around ₹1.25 crore to ₹2 crore. In a semi-urban area, one can expect to pay between ₹50 lakhs to ₹1 crore for a 1 bigha land.
5 – Are apartments less expensive than houses on a per-square-feet basis?
Whether you are renting or buying, apartments have an advantage over houses when it comes to cost per square foot. With a house, you are paying for not just the space inside but also any land around your property. With an apartment, you will only have to pay for the space inside without any extra charges.
6 – Future trends for Bangalore housing prices.
Bangalore is one of the fastest-growing cities in India, with an annual growth rate of 7.8% over the last 10 years. This growth has led to a housing shortage with prices skyrocketing. The cost of one bigha ( 0.17 acres) of land has increased from less than Rs 2 lakhs per bigha in 2008 to more than Rs 50 lakhs per bigha today.