Gamut Of Factors That Influence The Demand Of Properties In Bellandur

Bellnadur has witnessed a rise in the demand of the real estate in the last few years. According to a report states that on the first quarter of this year there was a massive increase in the demand for properties and among the different hotspots of real estate in the city of Bangalore it was the ninth most sought location. As per the local realtors, there has also been an increase in the queries related to the investment in various properties in this region. A number of factors contribute to make this region a most sought one than the other locations.

Proximity with IT hub

This region is known to be located centrally to that of the IT hub. The eastern and southern parts of the city can be reached easily from this region. THE Electronic City is only 15 to 18 kilometers from this region and if you travel through the Hosur Road, it will take only half an hour. The eastern fringes of the city can be reached easily through Outer Ring Road. So the IT professionals residing in this region finds it easy to reach their office in a short time. Few of the offices can also be reached in less than ten minutes as it is in walking distance. Also know about Emporis Tower Noida and Wave City Center Noida

Emphasis on improving connectivity

The roads are well-developed and via the network of roads, you can reach the different parts of the city easily from Bellandur. The region has a railway station of the same name adjacent to it that is only 5 kilometers from the Bellandur Lake. You can avail the different modes of public transportation when in this area in the form of shared autos and buses. A flyover is proposed to be constructed near the Bellandur junction and this is expected that this will have a positive impact on the traffic movements and also reduce the travel time remarkably.

Percentage of rise in demand

The social infrastructure of this region is highly developed and because of the proximity of the place to the major corporate centers there has been a remarkable surge in the demand of these properties. As per the recent data, by one of the major real estate related website like Globalncr.com, there has been a rise of twenty percent in the demand of the real estate in the last one year. In fact, there has also been a great leap in the prices of the properties in and around this area. You may also like DDA Land Pooling Policy Delhi.

Rate of property

The properties that had priced approximately Rs. 40 lakhs last years now cost almost Rs. 50 lakhs. In comparison to the interior region, the properties adjacent to that of the Outer Ring Road cost more. The plots and the properties that are located around the Bellandur Lake ask for the Preferred Location Charges from the investors. However, this price differs based on the developer that you choose. There are both 2 BHK and 3BHK apartments in this area. The price of the property differs based on the location that you choose. On average, the price of the property is in the range of Rs. 4,100 to Rs. 5,700 per square feet.