Lot of people(I'ld say them potential buyers) keep on looking for where to invest in Bangalore, what are the upcoming real estates areas, where to get good appreciation, etc. Well there are so many factors one should consider before investing but indeed suburbs and upcoming areas specifically areas where government is building infrastructure are the safe bet.
Put together with industrial growth and infrastructure development, Bangalore suburbs areas like OMR (Old Madras Road), Hoskote and Kanakpura Road are emerging as good candidates for investment. Because of infrastructure getting in place, these areas are still affordable and as and when life becomes more livable they are bound to appreciate a lot.
Old Madras Road
Stretch between OMR and Kadugudi is developing with many villa and apartment projects (most of them have possession ranging between early 2012 to 2015). Lot of big apartment projects (Prestige Tranquality, Pashmina Waterfront, Brigade Exotica,etc.) are being lined up with delivery around 2014-2015. Metro train in the vicinity and ORR(Outer Ring Road) project to make it signal free is boosting the connectivity of this part with southern and northern parts of Bangalore. Refer this link to read out more about this area.
Hoskote
Traditionally a warehouse zone as well as an industrial hub, lot of residential demands has been seen mainly from IT professionals. Excellent NH4 route is fuelling the residential growth till Kolar. Fact that there is plenty of vacant land as well as ample scope to improvise social infrastructure in this NH4 stretch is acting as a driving force for development of this area.
Government is taking interest to make Whitefield – Hoskote belt as another high tech area. Upgrading of NH-207 to make the link between Hoskote and Hosur is in pipe line.
Both the factors are paving the way to new housing projects which are getting in place and its matter of time that this area will witness good amount of appreciation as well.
Since NH-207 is getting upgraded to a 4-lane road, it is driving the demand thrust in this belt. Construction of Bangalore to Chennai expressway of length 270km from Hosur is another fuelling factor for appreciation. As per the plans, after up gradation, this NH-207 is going to link the new Bangalore to Chennai 270km long expressway thereby putting this area in front leaf of development.
Since basic infrastructure are being deployed in this area thus prevailing land and individual houses in this belt are within affordable limit of common man. Reputed builders have indicated a lot of real estate developments along this area. As of now in this region builder offer's are for residential plots only but gradually when the infrastructure starts getting in place, constructions on these gated plots is bound to happen. Stretch from Hoskote to Chintamani is also witnessing many plot based gated society developments. Colonies along KR Puram Mahadevapura & Ramamurthy Nagar are already seeing potential residential hubs for Hoskote.
Given the closeness to Hoskote warehousing industries and other industrial areas getting lined-up has already added the residential value to this area which is being followed by other infrastructure development like small, medium and big retail markets/malls, hospitals and international schools.
To read more on Hoskote to be developed as Satellite town read this link.
To read more on Hoskote to be developed as Satellite town read this link.
Kanakapura Road
With connectivity getting better because of the elevated highway, NICE Road and already planned PRR(Peripheral Ring Road) project pushing the residential demands not only in areas around Electronics City and Bannerghatta Road but also suburb areas like Attibelle and Bidadi. They already started getting attention from various real estate projects.
Since proposed industrial area in this belt will be needing supporting infrastructure thus government is also aiming at allotment of land for homes for the industrial workforce. Going further, upcoming Metro train project will provide this region an ideal connectivity.
Bangalore is taking all needed steps to make retail industry grow which will in turn create lot of job opportunities. It has a strong middle income segment population which has got true buying potential specially in these upcoming areas. A considerable number of them working professional are from the knowledge based industry(IT + Pharma mostly). What it means that consumers are very much exposed to already developed economies and they are willing to spend.
With the upcoming metro train lines in areas like OMR and Kanakapura Road connectivity will be improved.
If you see Bangalore, geographically it is not a land-locked city and thus population keeps on spreading to new suburbs. Many of the current residential developments in the new suburbs are being made with world-class standards and are big gated communities with luxuries in place still falling within affordability limit.
Since downtown areas(especially south Bangalore) has already seen lot of appreciation over last couple of years thus investment in south Bangalore (like BTM Layout, Jay Nagar, HSR Layout, Koramangala, Indiranagar, Sarjaur Road - Outer Ring Road) or any other such appreciated areas is not advisable in-case if somebody is strictly looking for investment. Thus this is need of the hour that those areas of Bangalore should come up whose price rates are still under the reach of common people. These upcoming areas will definitely have livability in place in near future.
Since downtown areas(especially south Bangalore) has already seen lot of appreciation over last couple of years thus investment in south Bangalore (like BTM Layout, Jay Nagar, HSR Layout, Koramangala, Indiranagar, Sarjaur Road - Outer Ring Road) or any other such appreciated areas is not advisable in-case if somebody is strictly looking for investment. Thus this is need of the hour that those areas of Bangalore should come up whose price rates are still under the reach of common people. These upcoming areas will definitely have livability in place in near future.
Read out similar blogs related to Bangalore real estate:
Get a group discount on a Bangalore based property:
Want to get a group discount on any specific specific property (villa/apartment/plot). Then join this Bangalore buyers group and express your interest in the interested property. In-case you are looking for a property which is not present there then feel free to add that to the list.
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Get a group discount on a Bangalore based property:
Want to get a group discount on any specific specific property (villa/apartment/plot). Then join this Bangalore buyers group and express your interest in the interested property. In-case you are looking for a property which is not present there then feel free to add that to the list.
