Which Area would you rate best for Investing in Real Estate
Bangalore has the perfect blend of rich lifestyle and
comfortable living, along with affordable homes. Whether one is an end buyer or
an investor, Bangalore never disappoints. There is constant growth in the real
estate field of Bangalore, and this is chiefly because the constant migration
of people into the city, from different parts of the country. Bangalore is thus
rightly called as the Silicon Valley of India, owing to the constant growth in
the IT sector which invites a lot of people to settle here in this part of the
state of Karnataka.
There has been rapid commercialization of this area, which
is why a lot of people have invested their money in this region. There have
been attractive returns too, as per the statistics, even so much that the NRI
people have also banked their money in this region. Here is the list of places,
where one should put their money, because the returns will be magnanimous:
List of places best for investment in Bangalore:
Devanahalli :
Although the area is quiet far from the Bangalore Central, This area has attracted many commercial, SEZ and Real Estate Builders to invest and hence will become on of the best residential areas in Bangalore. The installation of Metro next to KIA will be an added advantage for the area. One of the residential apartments would be Ozone Prime in Devanahalli, which is coming up with 680 units of 1/2/3 BHK apartments of different dimensions.
Ozone Urbana Prime |
1.
Nayadalhalli:
This is one of the most profitable locations
of Bangalore. It is connected by metro to all other regions of the city.
Because of this, the property demands in this area have risen multifold. The
resent price rate is Rs 5400 per square feet, and this has seen an appreciation
of 36% in the last few months. This rise in price is due to high connectivity
to Indira Nagar, MG road, and many other commercial destinations in the city
via metro. The prices are predicted to even rise further in the near future,
because of the plans to expand the connectivity even more.
2.
Yelahanka:
This part of the locality lies in the
outskirts of the city, and has many defense establishments around it- which is
why it is a calm and peaceful environment. There is also a patch of land that
is being used for real estate development. Presently, this area has at least
over 150 projects that are under construction, and at least 100 of them are
ready to move. The price per square feet in this area is 5100.
3.
Hebbal:
There has been rapid commercialization in
this area, thus making it the hub of settlement. A lot of companies like IBM,
Philips software, Micro Software services and more lay in and around this area,
making it the IT hub. The rising demand of property is because the people want
to live near their workplaces. The average price that is of one square feet is
rupees 8600.
4.
Sarjapur:
This place is also a favourite among people
who want to invest either as homebuyer or as investors. There has been a lot of
construction that continually takes place here. Sarjarpur has been attracting
company giants too, making it one of the most commercial regions for people to
invest in. Presently the price rate is rupees 2900 per square feet.
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