5 best property destinations in Bangalore
Bangalore’s real estate
market has always been a buyer’s paradise. Stability and growth are the two
things that have been common denominators and have attracted a constant stream
of investors to Bangalore. The IT boom, the metro connectivity, the pleasant weather
all round the year and the city’s attractive culture have contributed to this.
There has been a considerable
rise in the number of commercial launches over the past few years.
Infrastructure and planning has improved in many areas of Bangalore and these
have become preferred property destinations in the city.
There are many property
destinations in Bangalore that make for good investments. Here’s a list of five
of the best areas and what makes them stand out from the rest:
- Kanakapura Road: Providing excellent
connectivity to all the important areas of the city and offering a green cover
as well, Kanakapura is an ideal location for prospective home buyers. Property
developers in Bangalore are flocking to Kanakapura because of its rising
popularity. It’s close proximity to highly estimated educational institutions
like International Institute of Aerospace Engineering among others, attract
students as well. This is an ideal spot if you want to invest in luxury
flats in Bangalore, whether you are planning to rent it out or want a
change of location for yourself. There are a number of properties here by
reputed property developers in Bangalore.
- Electronic City: Planned to house most of
the IT companies that flocked to Bangalore in the initial phase of the IT boom,
Electronic city has also become a residential hub due to its proximity to these
companies. Living close to your workspace not only cuts out commuting time,
Electronic city offers a host of other advantages as well. Being a planned
city, Electronic city offers a lot of convenience with regard to parking
spaces, shopping areas etc. It also offers excellent connectivity to the centre
of the city like Koramangala and Indiranagar.
- Sarjapur Road: Sarjapur road is another area that
offers close proximity to big IT and ITeS companies in Whitefield and
Electronic City. There are a number of International schools, healthcare
facilities and general social infrastructure here as well. Sarjapur has
witnessed consistent growth over the past few years. There are a number of
properties coming up here offering 2/3 BHK flats. The prices range between
Rs.4700-4850/sq.ft and also a quarterly appreciation up to 4% and above.
- HSR Layout: HSR Layout has become quite popular
since the announcement of the Metro Rail line that is to be developed further
here. Located conveniently close to the heart of the city, HSR Layout offers
good connectivity and ease of travel. There are a number of facilities here
with good schools, healthcare institutions and eateries. Koramangala, which is
one of the most preferred spots in Bangalore due to its many cafes, eateries
and shopping centres, is easily accessible from HSR Layout. There are a number
of properties available here with varying price brackets.
- Hebbal: All the above areas are located either at the centre or the south end of the city. Hebbal, Yelahanka and other areas in the North corridor have also become quite popular since the coming of the new International Airport which is close by. Its proximity to Manyata Tech Park, Manyata Embassy Business Park have boosted interest in the area as well. It is also close to a number of lakes and parks like the Hebbal lake and Lumbini Gardens that are ideal picnic spots for lazy weekends. And it helps that the International Airport is located only 29 kms away. There are a number of good schools like Air Force, Kendriya Vidyalaya and Army Public Schools in close proximity. The Hebbal Veterinary college is also located here.
All these areas have been offering attractive investment opportunities over the past few years. Investing in flats, villas or even plots in any of the above areas could give you good returns in the long run. With lowered interest rates due to demonetisation, home loans are also not very hard to come by right now. Choose to invest in properties in any of the above mentioned locations. With prices climbing everyday, choose to make a move right now!
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