Top 5 Areas in Bangalore to Buy a Property
Bangalore, the Silicon Valley of India, is a haven for real estate market because of its improved infrastructure, enhanced civic facilities, better road developments and advanced rail networks.
The realty market here, particularly the residential one, caters to diverse consumers including local buyers, working professionals and NRIs.
Since owning a property is a major financial move, almost all customers pay attention to the probability of appreciation of the locality.
An apartment at the city centre is a great place to stay.
However, it may not be the best investment decision as it is not likely to yield good return on investment, given its sky high price and comparatively lower future appreciation value.
Areas at the outskirts of Bangalore have seen maximum appreciation in the past few years.
As for example, plots at Sarjapur Road were available at Rs.
200 per sq ft ten years back.
The current price of the same plots has appreciated by at least 10-12 times.
During the past couple of years areas like Kanakpura, Sarjapur Road, Bannerghatta Road, JP Nagar, Jaya Nagar, Whitefield, Varthur, Mahadevapura, CV Raman Nagar, Uttarahalli, KR Puram and Electronic City have shown phenomenal appreciation and have emerged as the city's main residential markets.
Here is a list of top five destinations in Bangalore where you can own a property now to get good return on investment in the future: Hebbal: The establishment of Bangalore International Airport has given a facelift to Hebbal, which has emerged as a preferred location for residential apartments in Bangalore.
Major infrastructures and proximity to several technology parks, coupled with great connectivity have supported residential growth of this area.
KR Puram: Located on the National Highway 75, KR Puram has always been touted for offering great connectivity - all via road, rail and metro.
It provides its residents easy access to the airport too.
However, the area's demand lies in its closeness to the city's major IT hubs like Whitefield, ITPL, Outer Ring Road and Manyata Tech Park.
No wonder KR Puram and its nearby locations like Hoskote and Ramamurthy Nagar are the much liked residential destinations for home buyers.
Marathahalli: A centre for lifestyle and entertainment, Marathahalli is strategically located near to almost all the major MNCs that operate in Bangalore.
Its nearby localities like Varthur, Gunjur and Munnekolala are the most sought after destinations for investors and home owners alike.
Several real estate players are constructing residential apartments at Varthur Road, Bangalore which cater to buyers from varied financial background.
Hosur Road: The stretch of land extending from Bommanahalli to Anekal has seen major real estate development in the recent past.
The huge number of professionals, working at the companies in Electronics City, forms the crux of home buyers in this area.
Despite being quite far from the city centre, good connectivity via elevated expressway, NICE road and Sarjapur-Attibele road has made this locality a preferred destination for home buyers.
JP Nagar: Located in South Bangalore, JP Nagar has established infrastructure which aids in comfortable living.
Moreover, the realty prices are comparatively lower here than its other counterparts like Koramangala and Indira Nagar.
The metro rail network is going to start in JP Nagar very soon.
Hence, the property prices are likely to see an upsurge here.
The realty market here, particularly the residential one, caters to diverse consumers including local buyers, working professionals and NRIs.
Since owning a property is a major financial move, almost all customers pay attention to the probability of appreciation of the locality.
An apartment at the city centre is a great place to stay.
However, it may not be the best investment decision as it is not likely to yield good return on investment, given its sky high price and comparatively lower future appreciation value.
Areas at the outskirts of Bangalore have seen maximum appreciation in the past few years.
As for example, plots at Sarjapur Road were available at Rs.
200 per sq ft ten years back.
The current price of the same plots has appreciated by at least 10-12 times.
During the past couple of years areas like Kanakpura, Sarjapur Road, Bannerghatta Road, JP Nagar, Jaya Nagar, Whitefield, Varthur, Mahadevapura, CV Raman Nagar, Uttarahalli, KR Puram and Electronic City have shown phenomenal appreciation and have emerged as the city's main residential markets.
Here is a list of top five destinations in Bangalore where you can own a property now to get good return on investment in the future: Hebbal: The establishment of Bangalore International Airport has given a facelift to Hebbal, which has emerged as a preferred location for residential apartments in Bangalore.
Major infrastructures and proximity to several technology parks, coupled with great connectivity have supported residential growth of this area.
KR Puram: Located on the National Highway 75, KR Puram has always been touted for offering great connectivity - all via road, rail and metro.
It provides its residents easy access to the airport too.
However, the area's demand lies in its closeness to the city's major IT hubs like Whitefield, ITPL, Outer Ring Road and Manyata Tech Park.
No wonder KR Puram and its nearby locations like Hoskote and Ramamurthy Nagar are the much liked residential destinations for home buyers.
Marathahalli: A centre for lifestyle and entertainment, Marathahalli is strategically located near to almost all the major MNCs that operate in Bangalore.
Its nearby localities like Varthur, Gunjur and Munnekolala are the most sought after destinations for investors and home owners alike.
Several real estate players are constructing residential apartments at Varthur Road, Bangalore which cater to buyers from varied financial background.
Hosur Road: The stretch of land extending from Bommanahalli to Anekal has seen major real estate development in the recent past.
The huge number of professionals, working at the companies in Electronics City, forms the crux of home buyers in this area.
Despite being quite far from the city centre, good connectivity via elevated expressway, NICE road and Sarjapur-Attibele road has made this locality a preferred destination for home buyers.
JP Nagar: Located in South Bangalore, JP Nagar has established infrastructure which aids in comfortable living.
Moreover, the realty prices are comparatively lower here than its other counterparts like Koramangala and Indira Nagar.
The metro rail network is going to start in JP Nagar very soon.
Hence, the property prices are likely to see an upsurge here.
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