What Are Some Of The Best Areas To Invest In Real Estate In Bangalore?: Bengaluru has become the latest hotspot for real estate investors who would like to buy property in Bangalore. There is a solid IT/ITES sector there thatis the driving force behind this real estate demand, and the city thus, has strong macroeconomic stability and dynamics.
What Are Some Of The Best Areas To Invest In Real Estate In Bangalore?
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Despite demonetization in India, property prices in Bengaluru have seen a downward spiral and the real estate market of the city continues with its normal momentum. Experts say that approximately 40% of the under-construction projects will be ready for people to move in, within the next 9 to 12 months.
Bangalore provides attractive options for the real estate investor. Most residential hubs have self-contained units with amenities like, hospitals, parks, schools and colleges, retail outlets, and restaurants.
Let us talk about five areas where you should buy residential property in Bangalore.
Sarjapur
Sarjapur is one of the fastest developing real estate areas in currently. It has international schools, colleges, hospitals, and companies, on all sides and Sarjapur is well connected. It is also close to places like Electronics city, Whitefield, and Koramangala. Sarjapur has become an attractive investment to make because of the proposed Infosys IT SEZ by Infosys and Wipro’s new corporate space. The Casagrand project at Sarjapuris a great investment boasting of premium amenities and contemporary new age architecture.
Whitefield
Whitefield is a modern IT Hub. It has become one of the most preferred areas to live and do business in Bangalore because of the influx of many IT & ITES companies nearby. Whitefield has an enabling social infrastructure and is quite a posh locality in Bangalore nowadays. It is also like a junction between the highways connecting Hyderabad and Vizag and has good connections to all major hotspots in Bangalore.
KR Puram
KR Puram is one of the oldest residential localities in Bengaluru, is close to some of the most important IT hubs and has Metro connectivity. There has been a more than 27 percent rise in property prices in past six years, in KR Puram and property price is nowRs 4,286 per square foot (psf). You have many investment options with 140+ ready-to-move-in and 30+ under-construction projects there.
Yelahanka
Yelahanka, located in the north of Bangalore is close to the airport and has seen property prices rising steadily from the time the airport was set up in Devenahalli. Many commercial office spaces have been developed along the road between the airport and Hebbal. Infrastructure facilities like schools, colleges, and multi-specialty hospitals, have all made Yelahankathe place to choose when you think you want to buy a house in Bangalore.
Before buying residential flats for sale in Bangalore, investors should carry out some amount of diligence and look specifically for water supply and sustainability options before finalizing the propety for sale in Bangalore. Distance from the metro service and infrastructure initiatives like roads and flyovers are important factors to consider before investing on real estate.
