Which is a good area to buy a flat in Bangaloreby chartered housing Luxury Apartments
Bangalore has a thriving real estate sector owing to the fast growing IT/ ITeS ecosystem. The huge influx of people from all over the country has seen an unprecedented yet stable rise in the number of villas, apartments and plots across the city. Even major economic changes in the recent past- like demonetisations hasn’t contributed to any major fluctuations in the pricing or the demand for real estate. Here are some of the most popular areas for real estate builders in Bangalore.
The northern part of Bangalore has always been a viable option for investment in real estate. The presence of Outer Ring Road (ORR), and close proximity to the Kempegowda International Airport and several other conveniences have kept the property prices growing at a steady pace.
The upcoming IT and industrial areas in the region has also prompted several developmental work such as widening of roads, better planning of large sized townships etc. Especially in areas like Devanahalli and Hebbal, which are fast growing to be the preferred places of residencies in Bangalore.
Whether buying a 3BHK flat in Bangalore or buying a land, the areas in North Bangalore have always been prime investment options.
Sarjapura And Surrounding Areas
Real estate builders have trained their sights to South Bangalore areas like Sarjapura, Whitefield, etc. Especially since the IT boom, which has resulted in IT parks mushrooming around this area.
Once a quaint little town in Bangalore, this neighbourhood is now home to prime apartments, villas and homes in the city. Close proximity to IT establishments has made it a lucrative infrastructure hub as well.
Real estate builders in Bangalore have been favouring Kanakapura Road as a prime real estate area in the past few years. Located at about 60 kms for the heart of they city, this area is effectively on the outskirts. However, owing to the rapid growth and expansion of the city, it is swiftly being populated by people.
One of the main reasons for it’s growth in popularity is the NICE Ring Road, which is linked to Kanakapura Road. This place also has a good number of infrastructural developments in the pipeline. This includes the expected Metro station in the vicinity. Being close to several tourist destinations has also impacted the favourable settlement options in this location.
There are several factors that has impacted the rapid growth of real estate in the city. Looking at the way the city is growing with each passing day, this trend isn’t expected to change any time soon. Thus, buying a flat or plot in the newer areas of Bangalore is expected to pay off in the long run, when the city inevitably grows into the new spaces too.
Created on Mar 22nd 2019 05:01. Viewed 234 times.