The best localities in Bangalore to invest in real estate in 2019 and beyond
When we hear about Bangalore, we quickly relate to IT parks, gardens and of course the Chinnaswamy Stadium. Also known as the ‘Silicon Valley of India’, this city is well-known for software companies and is a hub for IT professionals.
Lately, Bangalore has seen increasing growth in terms of real estate investment. The booming infrastructure and other strong developments makethe city offer high returns on selling and rentals of properties compared to other metropolitan cities.
Here are some best localities in Bangalore to invest in real estate.
1. North Bangalore
Well-connected to the Outer Ring Road, this is an attractive area for all real estate investors. Considering its close proximity to the airport and the Central Business District, the property values of this area have witnessed a hike in the past few years. Yalahanka, Hebbal, Devanahalli, and Thanisandra are serene residential areas of North Bangalore with large empty lands for the construction of properties, making these areascost-effective investment options.
2. East Bangalore
Though Whitefield is considered to be the most popular residential area of East Bangalore, it isVarthur and Budigerethat are catching the attention of investors lately. If 70-80 lakh is your budget, you can consider investing in East Bangalore.With the metro expansion coming up, the properties in Whitefield and its surrounding areas are already in high demand.
3. West Bangalore
Though an industrial zone, areas like Tumkur Road, Rajajinagar, and Yeshwantpurare upscaling rapidly to an affordable housing option for investors. With comparatively lowerentry prices, West Bangalore is becoming a beautiful destination for long-term investors.
4. Sarjapur Road
Located in the south-eastern part of Bangalore, Sarjapur Road is turning to be an investor’s delight. With many IT companies showing interest in this locality and many already having put up their offices, this is resulting in the development of housing areas to cater to the needs of IT professionals in an affordable manner.
5. BTM Layout
With robust infrastructure and a number of residential options, BTM layout is reaching the top of a property investor’s list. The rental value of this area is increasing due to the advantage of its location and its connectivity to some major parts of the city like HSR Layout, Koramangala, and Bannerghatta Road.
If you are looking for a long-term investment in real estate with higher returns, Bangalore is the place you should consider. Though developing rapidly, the ‘Green City’ still lives up to its name and retains its charm.