Based on the fact that there are some locations in Bangalore that are really worth investing your money, we have picked up ten such areas that are really suitable for living and offer plentiful return on investment.
Bangalore has become one of the cities where developments have started happening in a full swing. There are areas where affordable housing projects in Bangalore are quite in number. With the expansion of Metro line and the construction of Peripheral ring road, the city is attracting a huge number of investors and house seekers from across the country.
This IT hub has steadily attracted big global companies and corporate tycoons to look for office spaces across the city. In the peripheral districts of Bangalore, there are quite a number of land parcels that are put to use for constructing townships with affordable housing. Due to the low land cost in the outskirts of the city, developers are finding it very viable to acquire lands and commencing constructions. Moreover, the demand from people employed in engineering and automotive industries is a driving force for builders to come up with affordable housing units.
The top 10 regions
1. Kanakapura Road
Kanakapura road has lately become a very prominent location for both builders and buyers due to various factors. The Metro Phase II has started in a full swing to add to the demand that is already increasing. The NICE corridor is providing excellent connectivity to areas such as Bannerghatta, Electronic City and several other parts of the city. The peripheral ring road that is in the offing will connect highways such as Tumkur road, Old Madras road, Hosur road etc. There are a number of educational institutions and colleges on Kanakapura road to attract people from different categories of society.
2. Sarjapur Road
This is one area that has witnessed a steady demand from the middle-class buyers and a significant percentage of high-end buyers. The presence of massive IT parks on the Outer Ring Road, Whitefield and Electronic city has made Sarjapur a livable destination for people. The property prices are within affordable levels ranging between Rs. 4000 and 4500. The appreciation level is also healthy.
Generous greenery and the presence of lake are two reasons that make Nallurhalli a prominent location for buyers. Also, in its vicinity are Sigma Tech Park, Forum Value Mall and ITPL. Nallurhalli also connects the Old Airport Road and Old Madras Road in a very easy manner. Apart from offering affordable housing units, this area has witnessed a lot of villas and bungalows being developed in the recent past. People that want to live close to Whitefield can also opt for this location. There are chances for steady property appreciation here.
Kengeri is one superb location where the property prices are influenced by the presence of IT and industrial companies. Kengeri connects you to Mysore road in just a short time. The town of Kengeri has become a hub and it has also become the best place to choose for affordable housing units. This town is becoming a very good residential area with a steady increase in property prices.
This place is located on the Old Madras Road where you have a number of IT companies. The presence of a significant number of industries in this area has increased the demand for residential units lately. The government is doing the needful to develop the infrastructure better than before and make this are suitable for further development. The property prices are increasing steadily which is one reason why investors are attracted to this particular location.
6. Magadi Road
Magadi Road is one of the busiest places where real estate developments are happening in a full swing. It is the western part of Bengaluru that connects to Mysore and other local areas. This part of Bengaluru is comparatively green and there are huge numbers of land parcel apt for developing. The NICE corridor is easily accessible from where you can branch off to other parts of the city. The purple line of Namma Metro will pass through Magadi road which will add a lot of advantage to the already growing town of Magadi. The property prices range between Rs 8,000-12,000 per sq ft for high-end units and Rs 3,300-5,000 per sq ft for mid-end projects.
7. Hosur Road
Hosur Road has a well-developed infrastructure and is a significantly sized IT hub in Bengaluru. Electronic city is one such IT park that harbours hundreds of thousands of employees. There are both mid-sized and expensive housing units in this area and the pricing levels are within affordable limits for people. The appreciation would be anywhere between 5% and 10% every year.
8. Yelahanka and Doddaballapur Road
The presence of Kempegowda airport has thrown open gates for a lot of development along NH- 7 Highway. The connection between Yelahanka and the airport is quite amazing and a lot of real estate developments are coming to fruition on either side of the road. There is a good road connectivity to places from Yelahanka which is another plus point for buyers. Currently, the property prices are swinging between Rs 4,000 and Rs 5,500 per sq ft and the appreciation level is very decent. There are a lot of mixed-use developments likely in locations close to Yelahanka and the place has become one of the investors’ attraction from even abroad.
Horamavu is a massive residential location and the area caters to people that work in the Whitefield areas. There are some prominent local developers doing their constructions in parts of Hoamavu. This part of Bengaluru is a mid-segment residential area and prices are within affordable levels.
10. Mysore Road
The Global Tech Village plays a vital role in the development of real estate projects in Mysore road. Though this area is very much popular for old developments, there are many developers constructing townships on Mysore road or in its vicinity. Apart from having many educational institutions, Mysore road also has industries where the size of workforce is really massive. Mysore road has projects that are moderately priced and expensive. Affordable housing segments are what people are more interested in and more developments are expected to surface on Mysore road.