Finance Minister, Nirmala Sitharaman, in the Union Budget 2019-20, informed that the construction of public infrastructure and affordable housing would be taken up through innovative instruments such as joint development and concession. The government seems enthusiastic in introducing innovative ways to monetize assets of loss-making Central Public Sector Enterprises (CPSE). Read more…
Union finance minister Nirmala Sitharaman on 6 Nov ’19 announced that the govt. is going to provide a Rs 25,000 crore bailout fund for debt financing of over 1,600 stalled projects in the middle income and affordable housing sector. The ‘special window’ will be structured as an Alternate Investment Fund Read more…
Planning to invest in the real estate sector? Here’s all you need to know about the new GST rates applicable on under construction properties and affordable housing projects. The Real Estate Industry is a tower of strength when it comes to the contribution in the Indian economy. This growth Read more…
Bangalore: A city that is making progress in the Real Estate market every day. The recent metro development in Bangalore has largely impacted the Real Estate Market in the most positive way leading to a significant increase in prices of residential and commercial properties. What makes any city truly Read more…
From luxurious apartments, villas, and plots to affordable housing, Bangalore is home to it all. With an abundance of real estate options available in this city, it might be difficult to select the best investment option. This blog will help you invest in the most preferred residential apartment you can call home.
Bangalore – A city that desires to integrate the best.
A city that has transformed supremely over the years. A city that has welcomed advancement with open arms, but has also kept its traditionality intact. The people of Bangalore are recognised for their go-getter attitude. They truly believe in not just experiencing the change, but being the change. And that’s precisely what has made Bangalore a well established and leading metropolitan city of India.
Also Read: Check 3500+ Bangalore Property Reviews
Previously, this city in the South was just an average village with inadequate infrastructure and limited facilities. Today, it has become a dream for millions of aspiring folks to explore, hustle and settle.
Why invest in Bangalore?
The north, south, east, and west zones are the strong pillars of Bangalore. Over the years, all of the zones have witnessed tremendous infrastructural growth and development. Supported by phenomenal transport routes, malls, parks, educational institutions and many more social amenities, the IT capital of India has turned out to be the perfect destination to invest in the real estate sector. Builders, investors, and home buyers believe and have already experienced whopping returns on their investment.
Hebbal, Devanahalli, Yelahanka and Hennur Road are the cream of the areas in North Bangalore which offer exceptional residential projects that suit every buyer’s requirements. From affordable housing to luxury 1 BHK, 2 BHK, and 3 BHK apartments and villas this region has it all. Elevated expressways, metro routes, flyovers connecting Outer Ring Road, NH-7, and Peripheral Ring Road, local buses are the numerous options to have a smooth and effortless commute to any region.
Considered as one of the most prime locations of North Bangalore, Hebbal is located near Hebbal Lake and Nagavara Lake. Its serene surroundings and impressive infrastructure is home to some of the most luxurious residential projects in the city. The employment opportunities in this area have skyrocketed due to the presence of the finest tech parks including Manyata Tech Park. Two projects of L&T have been approved with a total of 17 acres and 30 guntas being given in two locations in Byatarayanapura on Ballari Road to develop IT SEZ at a cost of Rs 2,080 crore. Renowned schools, colleges, and shopping malls are just an added bonus here. Its connectivity to Kempegowda International Airport and other regions of Bangalore is one of Hebbal’s best feature.
Initially, home to a number of factories and manufacturing industries, this area was not known for its real estate. Once the Kempegowda International Airport became functional, this area experienced a boost in its residential demand. In addition, a large number of employment possibilities are available due to the increasing IT companies sprouting here. The area still being in its initial development phase offers economical apartments with massive returns.
If you’re a family person then Hennur Road is the most ideal place for you to invest. Premium homes, health care centers, educational institutions, theme parks, and excellent facilities are available here in abundance. Known for its enjoyable activities like karting, snooker, bowling, cricket, bike rides, paddling, swimming, boating, etc make it an outstanding place to raise a family. It is true, a home in Hennur feels like living in a paradise.
A quiet suburb, Devanahalli came into limelight after the construction of the Bangalore International Airport. This area is famous for its satellite township, thus investing in projects like Embassy Springs will make all civic amenities easily available to you. Tech Parks like Aerospace Park, Science Park, and Financial City escalate the popularity of this region. Bangalore is extending towards the airport after the construction of Bangalore International Airport. The state high level body has also approved a major investment proposal in this area. Three hundred acres of land in Haralur and Muddenahalli villages of Devanahalli taluk have been granted to Cornerstone Property Developers Ltd to develop a theme park and sports hub at the cost of Rs 1,330 crore. This clearly tells us that North Bangalore is the fastest growing area attracting big investors.
The fastest growing area in North Bangalore is undoubtedly Thanisandra. This area, in particular, has seen an astounding boom in the residential and commercial real estate development. All the achievements of this area are credited to its well-planned infrastructure. Public transport facilities make commuting to major parts of Bangalore smooth and time-saving. The upcoming 72 km Metro Rail Phase 2 will only add to its list of advantages. KIADB Park, Bagalur KIADB IT SEZ (5000 Acres), Bagalur Finance City (50 Acres), Hardware Park, and Shell Park are few of the mega ongoing projects in Thanisandra. Connectivity, massive growth rate, and increased development make this area a sure bet to invest on.
Looking for a place in the thriving heart of the city? Then South Bangalore is your best option. Popular for its breathtaking infrastructure, this area is known to be more developed and established than other parts of the city. Home to plenty of multinational companies, educational institutions, and recreational facilities, South Bangalore has something in store for all age groups.
Nestled away in the South, Electronic City easily tops of the list of increasing residential properties. While the prices of both Phase 1 and Phase 2 differ, one can easily find an affordable home for as low as 15-20 lakhs. The zone is base to top corporates as it homes numerous IT parks in and around the area, making it an ideal choice for the working population. In addition, it’s excellent infrastructure including schools, hospital, banks as well as theatres and malls that provide a holistic lifestyle has further added to the real estate profile of this area. Many prestigious residential projects here like Green Terraces and GM Infinite Global Techies Town provide for a luxurious standard of living while maintaining affordable rates.
BTM Layout has a robust infrastructure with varied residential options. It is in close proximity to prominent areas such as Koramangala, HSR Layout and Bannerghatta Road. The rental value of apartments and villas in this area is on an upward swing because of the locational advantage and is proving to be its most beneficial factor. Metro stations such as Rashtreeya Vidyalaya Road, Banashankari has expanded the connectivity of BTM Layout with other parts of the city. In addition, BTM Layout is also a part of the R V Road Terminal-Bommasandra line of Namma Metro.
The proposed peripheral ring and the development of the new Metro line has given the zone an added advantage over others. With an excellent appreciation price, Kanakapura Road has seen a lot of commercials as well as residential development in the past few years. Impressive connectivity, as well as increasing development, have made it a sought after real estate zone.
Well established with hospitals like Jayadeva and schools like Clarence Public School and Radcliffe school, Bannerghatta Road is one of the oldest parts of the city. With easy accessibility and close proximity to areas like JP Nagar, Mysore Road, BTM Layout and NICE Road, it has emerged to be an excellent real estate investment.
Sarjapur Road is another real estate hotspot that is surrounded by prime locations like Electronic City, Whitefield, and Koramangala. The presence of a variety of educational institutes and corporate offices including Wipro make this area a guaranteed spot for growth and development. You can check some low budget projects in Sarjapur Road for investment.
Also Read: Best Villa Projects in Bangalore
Initially a quiet village in the south, Attibele has seen a major transformation in light of the growing residential activity in Electronic City. Thus, making it a paradise for affordable housing opportunities. It’s an area worth exploring that offers smooth commute to IT parks like Anekal, Electronic City and Silk Board Junction. In this zone, one can enjoy benefits similar to that of Electronic City at much economical rates. Large tracts of land available in this zone have only increased the number of investment opportunities here.
The primary reason an individual opts to reside in Bangalore is to explore excellent career opportunities with remarkable multinational companies. East Bangalore maintains the perfect balance in creating a working environment and a peaceful living. For the working population organizations like Volvo, SAP, IBM are just a short distance away. Whereas for the people who love to enjoy a serene view and experience a high standard of living then infinite lavish residential projects are available. Comfort, class, and convenience are what define East Bangalore.
A well established corporate and residential hub, Whitefield is a goldmine for many searching for a higher standard of living. With a plethora of options to choose from in the ready to move segment and with the new projects coming up every day, Whitefield is emerging as a destination that promises a home for all classes. With the presence of the purple metro line and the introduction of the train service, the on-road traffic should reduce in the future. Major IT parks such as ITPL Tech Park and Bagmane Technonology Centre are popular employment destinations in and around Whitefield. These tech parks along with recreational malls such as Phoenix Marketcity and VR Bengaluru have increased Whitefield’s popularity amongst the working population and youth. Whitefield real estate market is expected to retain its most important tag amongst other areas for at least coming one decade in Bangalore.
The state high-level committee has recently cleared several investment proposals in Bangalore with two of the major projects in East Bangalore. Among the proposals cleared was that of Oracle India Pvt Ltd ( Rs 2,438 crore) for 13 acres and of land in Kadubeesanahalli village, Outer Ring Road, Bangalore East Taluk. Bluestone Tech Park has been allotted 55 acres in Appajipura, Samethanahalli and Koraluru villages of Hoskote taluk to set up an integrated IT Park at a cost of Rs 2,051.39 crore. This makes it very clear that these projects will increase the rental income for real estate investors in East Bangalore. So if you haven’t invested yet and are planning to invest in Bangalore, these two areas can be great options too.
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