Bangalore is one of the most sought after commercial as well as residential markets in India. In the past decade, the city has seen a multi-directional growth. For those looking to invest in real estate in Bangalore, there cannot be a more perfect time than now. Even though there are a number of properties that are available all across the city, most of them is looked upon mostly for investment. These properties promise very good returns in the future. Ever since Bangalore got the title of the ‘IT hub’ of India, it has attracted a great deal of investors over the years. Though the main city areas have gotten extremely expensive and saturated, there are areas around the city that still offer affordable plots that are potential of giving a good amount of returns on investment. Here is a glimpse at 4 such localities:
- Hennur: Hennur occupies a huge expanse of the northern portion of the city and is now coming up as a famous residential destination. The area is centered around the Hennur cross that links the International Airport to a large portion of the city. There are plans of getting the main road here extended into a 4-lane highway to accommodate a cargo road connecting to the International Airport. Even though one can spot limitations here, you can expect the infrastructure in this area to improve gradually. This locality has plenty of properties that cost between 80 lakhs and 1 crore. The main Hennur road is lined by a number of luxury properties that are way more expensive than the more humbly priced properties that are located off the main road. Thanks to the proposed infrastructure, the prices in the area are expected to only rise; most likely by 15% to 20%. Since the locality is only a few minutes’ drive from the airport and is not far from the city center, there is great demand for all kinds of property here.
- Indiranagar: This plush neighborhood is located on the eastern portion of the city and real estate trends in the recent past show that this area shows the maximum appreciation of the capital price. Once a quiet neighborhood, the area is now bustling with commercial developments. It has an added value thanks to its geographical location – being surrounded by other prime locations like domlur on the southern side, Ulsoor on the western side, Byappanahalli on the northern side and vimanapur on the eastern side. The locality has very good amenities like good colleges, hospitals, schools, shopping centers, clubs and gardens. The area has as high as 375% returns on the property investments that were made a decade back – which is the highest in the city!
- Narasapura: This is a place that is located about 65 kms away in Kolar District. As per the current real estate statistics, After Pune, Gujarat and Chennai, Narasapura is said to become a major hub with the best infrastructure. The price of plots is expected to cross Rs. 900 per sq/ft! About 22 companies have already acquired land in this area. This indicates the demand for real estate!
- KR Puram: This area is also Krishnarajpuram, called the head quarters of Eastern Bangalore. This place houses a huge number of government offices. It is located in the junction of the outer ring road and Old Madras Road. This place has good connectivity with the prime areas of Bangalore. It is close to the popular Manyatha Tech Park and Whitefield. This gives great returns as it is a preferred residential place for IT professionals.