Those investors, who are looking for a profitable property market with a long-term horizon, Bengaluru offers good options. In the last few years, Bengaluru has emerged as a realty hot spot of South India. The residential property prices are stable and offer good Return on Investment in the long term. In the IT city, there is no dearth of residential hubs which are self-contained units and dotted with innumerable amenities like hospitals, colleges, schools, parks, commercial stores, restaurants, etc. Assorted below are promising residential hubs of Bengaluru where residential properties will fetch great capital appreciation in the long run.
North Bengaluru is one of the best options for investing in residential properties. It is because the localities are well-connected with the Outer Ring Road and presence of Central Business District and Kempegowda International Airport in the proximity. Areas like Devanhalli, Yelahanka, Thanisandra are real estate developers due to availability of large parcels of undeveloped land. Owing the fact, Godrej Properties is coming up with residential plots in Devanhalli, Bengaluru.
If investors are looking for residential properties in the price range of Rs. 80-90 Lakh, choose East Bengaluru. Areas like Whitefield, Varthur and Budigere catching the fancy of savvy and end investors. The residential property prices in East Bengaluru always show an upward trend due to presence of reputed IT/ITeS companies and several start-ups companies in the vicinity. Infrastructure facilities in the area are also fast developing giving a further push to property demand.
The sub-market of West Bengaluru comprises of Tumkur Road, Rajajainagar Industrial Area and Yeshwantpur. The location is dominated by warehousing and industrial activities. As compared to other parts of the city, land prices are low and even traffic woes minimize significantly with the construction of the PRR (Peripheral Ring Road). Sensing the facts, residential projects in West Bengaluru are launching at a fast pace.
Outer Ring Road is slated as the hub of IT companies, however it has reached to the stage of saturation in terms of office space. This paves the way towards the development of new office hub at Sarjapur Road. The rising presence of IT companies eventually leads towards the development of residential societies. Even the connectivity of the area is fast improving with the approval of construction of the Peripheral Ring Road connecting to Sarjapur Road and Bellary Road. Owing to both residential and commercial development, many reputed developers are showing keen interest in developing affordable housing projects in the area.
These are some of the promising locations in Bengaluru where residential projects are coming at a fast pace. Investors can easily find several ready-to-move in and under construction projects in different price brackets in these areas. For any enquiry, feel free to call us.