Bangalore, being the IT capital of India holds tremendous possibilities for infrastructural development due to fluctuations in the microeconomic dimensions. The real estate sector of Bangalore has emerged in the past few years as a real winner. Regardless of demonetization, the costs of land have not changed much in Bangalore. Bills like RERA have come up favouring builders and investors alike while securing home purchasers. Builders, investors and home buyers are now aware of the strength and importance of real estate. With the considerable appreciation of prices and development of infrastructure, Bangalore is one of the best locations for real estate investment.
Few factors that affect real estate are IT and Infrastructure, transport routes, professionalism of builders, and market stability. With all these advantages that Bangalore has, there are few locations that are believed to give enough return on investment with considerable price appreciations.
Here are some of the upcoming areas in Bangalore 2019 that you should be looking to invest :
The first thing that comes in mind when you hear Yelahanka is the Kempegowda International Airport. Before the airport, it was just a satellite town of Bangalore with lots of manufacturing factories. This area is also home to many defence establishments, making it a viable residential option. Another obvious reason to look to invest here is the connectivity to the airport. It is an upcoming area and many builders are looking to set base here. Also, couple of builders have already established themselves here and are offering very attractive prices on their properties.
The IT hub of Bangalore. It is a well established area with all the facilities available. There are numerous housing options already present in Whitefield. With the metro coming up and providing connectivity from Majestic, this is definitely an area to look into. With trains and metros coming up in this area, it will surely be a hotspot for real estate investment.
Sarjapur Road :
It is the south east part of Bangalore, where most investors have their eyes set on. It is all set to become the next IT hub of Bangalore. With Whitefield almost being saturated, most IT companies are looking to set shop here. This has led to the development of residential spaces in and around Sarjapur Road. The central government has approved the construction of a Peripheral Ring Road (PRR) connecting Tumkur Road to Hosur Road via KR Puram, Bellary Road, and Sarjapur Road. This initiative would enhance connectivity from north to south Bengaluru and also lessen traffic woes around Sarjapur Road. Owing to the numerous projects coming up here, the price of properties is only going to shoot up in the near future.
Kanakapura Road :
Kanakpura has got excellent connectivity with major areas of the city. The proposed PRR will connect it to the major highways like Mysore Road, Tumkur Road, Hosur Road and Old Madras Road. This has led to new commercial and residential establishments in this area. The Metro line here and the widening of roads along with the presence of educational institutions has added to the real estate profile of this area. Development that is going to happen in this area in the coming years will lead to great price appreciation here.
Bannerghatta Road :
Bannerghatta Road is situated close to JP Nagar and BTM layout. With good connectivity to NICE Road and Mysore Road, you’ll find a number of well established schools, colleges and institutions. This area and its surroundings offer great return on investment and rentel returns as well. Offering great connectivity, stable growth and development, this area is really one to look out for.
We have listed above the most promising areas for real estate. This is by no means an exhaustive list and there may be other areas that suit your requirement as well. If you have any such concerns regarding where to invest, you can get in touch with property consultants here.