Bangalore itself is an emerging location in India, it is counted in the top 3 real estate hotspots locations.
According to a NASSCOM report, 2018, Bangalore is one of the fastest-growing technology start-up hubs in India with nearly 7,700 registered start-up firms. Of this, approximately 1,200 new start-ups were registered in 2018 alone.
More employment options mean more crowds which will increase the requirements of housing. Many developers are coming with affordable housing projects which promote home buyers to get their own houses.
Also, so many millennials are looking for investing in high ROI properties for getting passive income.
There are some factors that are making some places real estate hotspots in Bangalore.
1. IT / Commercial industrial areas
Employment is one of the biggest factors that affect the growth of locality.
Approximately 35% of professionals are engaged in IT and related industry works in Bangalore. So wherever chances are more for employment that area will be more popular and emerging.
2. Infrastructure and Connectivities
While moving to a particular place, everyone thinks about their convenience. The area should be easily accessible from all the facilities like school, hospitals, Shopping malls and many more.
3. Government projects
The value of the location will increase if any government project plans are going on like Metro projects, government colleges/institutes.
4. Upcoming real estate projects
Sometimes if any builders are planning a big project to a particular location that will be the plus point for the increasing trend of the area.
Real estate investment at any location in Bangalore is always going to be a beneficial decision that will never go in vain. but there are some suburban areas in Bangalore that are attracting investors as well as first-time home buyers.
You can add the below places to your list as “Hotspots in Bangalore for Investment”.
It is located in the south Bangalore close to the electronic city and that’s the reason it is attracting people, let see how:
The electronic city has good attraction because of IT parks and commercial hubs.
After the development of the electronic city, everyone is now focusing on Attibele as it is closer to it with affordable rates.
The area also has hassle-free connectivity to Electronic City, Silk Board Junction, and Hosur Road.
The social and physical framework has rapidly improved, and the neighborhood includes all civic amenities like schools, colleges, parks, hospitals, shopping centers, grocery marts, banks, IT parks/employment hubs, and restaurants.
And In the last 5 years, Attibele property rates jumped from 2,000 per sq ft- 3500 per sq ft.
Whitefield is known as the commercial hub of Bangalore. It is home to some of the biggest tech parks in the city such as ITPL, Salarpuria G R, Sigma Soft Tech, and more.
People across the country are crowded for jobs which is the biggest reason why investors are looking at this area as a hotspot.
The area has all facilities such as VR Bengaluru shopping mall, Manipal Hospital, Ryan International School.
3. Sarjapur Road
Sarjapur Road has some of the best academic institutions, shopping centres, and malls, hotels, restaurants, hospitals, and properties in this area value in the range between Rs 4000-Rs 8160 per square ft.
The latest central government proposal to construct a Peripheral Ring Road (PRR) connecting Tumkur Road to Hosur Road via KR Puram and Bellary Road, connectivity between North and South Bengaluru is set to be enhanced while reducing traffic woes.
Many developers like Shobha, prestige are already having residential projects in this area. Also, new projects like Prestige Smart City, Sobha Royal Pavilion are launching soon in the Sarjapur area.
Devanahalli has the KempeGowda International Airport, the third busiest airport in India, making it the ideal locality for investment for NRIs.
Another reason for making this area a hotspot is the IT parks like the Hardware Tech Park, Aero SEZ, and International Tech Park in the area.
The property rates vary between 4300-5100 per sq ft and this area has more than 200 residential projects already developed.
The government has itself taken the initiative to develop this area on a large scale by creating a government body that would make sure of the development of north Bangalore as a Business Hub.
Yelahanka is one of Bangalore’s low-congestion zones and has its dedicated green belt and wide roads. This area has a good scope of appreciation, due to the airport and excellent connectivity options.
The best part of all these locations is that they are coming to Phase 2 of Bangalore’s Namma Metro project, I guess only this reason will be enough to make these areas real estate hotspots, isn’t it?
There are lots of investors who are already experiencing good returns on their investment in these real estate hotspots.
Surely by now you must have decided the best option which suits you for the investment.
If you are confused between property types either residential or commercial, check out our latest blog explaining all details: Click here to read the blog