Why You Should Invest in Bangalore’s KR Puram

Bangalore's economy is massively dependent on the information Technology and Information Technology Enabled Services (IT/ITeS) sectors. So it does not come as a major surprise that the real estate of Bangalore is linked to these sectors .These sectors along with the automative sector are fuelling the demand for commercial real estate in the suburbs of Bangalore which in turn has led to increase in demand for residential real estate as well. Localities which are situated around these IT/Automative hubs also tend to do well.

One of the localities which has experienced this demand is KR Puram also known as Krishnaraja Puram. This locality is about 9 kms from Whitefield which is a well-known IT hub in Bangalore. because it is located so close to Whitefield that  properties such as villas in KR Puram are popular among those who are working out of Whitefield. This locality is situated in the eastern part of Bangalore. It is at a distance of 40 kms from the Kempegowda International Airport located in North Bangalore’s Devanahalli and is 15 kms from the Bangalore city railway station.

KR Puram is surrounded by localities such as Whitefield, Marathahalli, Ramamurthy Nagar and CV Raman Nagar. The three main connectors running through this locality are National Highways 4 and 7 and State Highway 35.  The locality also has a railway station which is a part of the Bangalore – Chennai broad gauge line. 

The current going rate for properties such as apartments in KR Puram falls between INR 3000 to INR 3600 per square feet. This price range puts KR Puram in the affordable category. The most preferred budget range for properties in KR Puram falls between INR 30 to INR 50 lakhs. The most preferred unit sizes are 2 BHK apartments which are between 1001 and 1250 sq ft.  It is widely observed that 2 BHK apartments are ideal choices for anyone who is looking to make rental gains as it is preferred by most working professionals.

Properties such as plots for sale in KR Puram are not only good for end use, they can be bought by those who are looking for investmental gains as well. A leading real estate consultancy firm named Hebbal, which is located in North Bangalore, and KR Puram among the top ten residential investment destinations in the country.  According to this report, the property values in KR Puram will go up by 91% over the next three years. The report goes on state that property rates will touch INR 6000 psqft by 2017. 

Bangalore as such has remained isolated from the real estate slowdown experienced by most of the country. It is in fact one of the markets which has shown price appreciation. And most of the localities which have shown this appreciation are located in the peripheral and suburban areas of the city. Going by this trend, a locality such as KR Puram should be a good bet for the future.  So if you are looking to invest in properties such as plots for sale in KR Puram the time is right. 

Sponsor Ads

• Ad Space Available - Rent it Now!

Report this Page

Created on Dec 31st 1969 18:00. Viewed 0 times.

Share on APSense

Comments