With a healthy commercial climate fuelled by the IT-ITeS sector combined with robust physical and social infrastructure and supportive government policies, Bangalore is a promising city in terms of real estate investments.
With the rapid expansion of the city, a plethora of options are now available and making the right choice has become a daunting task. Here are some tips on the best areas to invest in Bangalore:
North Bangalore is considered to be a viable long-term investment option. Excellent connectivity facilitated by the Outer Ring Road and proximity to the Central Business District as well as the airport have resulted in the appreciation of property here. Yelahanka, Hebbal, Devanahalli and Thanisandra are favoured areas in this circuit.
The upcoming Aerotopolis near the airport along with the proposed IT and Aerospace parks contribute to making North Bangalore one of the best areas to invest in Bangalore. The proposed monorail could be a source of significant value-addition too.
Sarjapur road is often considered among the best areas to invest in Bangalore. Its excellent social infrastructure in terms of outstanding educational institutions, medical facilities as well as recreational options makes it highly desirable, especially among professionals working within the IT industry, with its strong presence in the area.
The proposed Peripheral Ring Road (PRR) connecting Hosur Road to Tumkur Road via Sarjapur road is expected to enhance connectivity between North and South Bangalore and also ease traffic troubles in the area.
Chandapura with its close proximity to the Electronic City, the largest IT hub of Bangalore, also boasts of excellent infrastructure. Easy access to Hosur Road also facilitates great connectivity to the central business district. Affordable prices add to its attractiveness.
BTM Layout has excellent connectivity and well-developed infrastructure. Additionally, it is located in close proximity to prominent locations such as Koramangala, Bannerghatta Road, and HSR Layout. A favourite among those seeking affordable and mid-range housing, BTM yields good returns on capital investment and high rents as a result of the advantages of the location.
Whitefield is among the best areas to invest in Bangalore East. IT and ITeS companies have led to a steady demand, resulting in appreciation of property rates and excellent returns on investment. With good schools, malls, and markets on the immediate vicinity, the area leaves nothing to be desired in terms of social infrastructure.
The train service from Majestic to Whitefield, run by South Western Railways, has greatly enhanced connectivity. Whitefield also falls on the route of the upcoming phase of the Namma Metro.
Varthur and Budigere are other areas in East Bangalore that are steadily attracting increased investor interest.
In West Bangalore, Tumkur Road NH-4, Yeshwantpur and Rajajinagar Industrial Area are popular areas with good connectivity and infrastructure. West Bangalore has attractive options for those seeking affordable housing. Relatively lower land value also makes the area a suitable entry-point for long-term investors. The proposed Peripheral Ring Road (PRR) is expected to bring down commute time to important destinations in the city.