Tuesday 10 April 2018

The top places to invest in Bangalore real estate

Bengaluru has emerged as a shining spot for real estate investors offering a sound return on investment and assured rental income. With the IT/ ITeS sector driving real estate demand, the city boasts of strong macroeconomic dynamics and stability.

Despite demonetization, property prices in Bengaluru have not witnessed any violent fluctuations or crash and the real estate market of the city hasn’t lost its momentum. According to experts, around 40% of the under-construction projects will be ready-to-move-in the next three-four quarters.

For investors looking for a stable market with a long-term horizon, Bengaluru provides many attractive options. Most of these residential hubs are self-contained units with amenities such as parks, hospitals, schools and colleges, retail outlets, and restaurants. Here’s a list of five promising residential hubs to help investors make an informed choice:

North Bengaluru

The northern zone of the city gets a thumbs up from most experts as a viable long-term investment option.

Property values are on the rise here due to connectivity via the Outer Ring Road (ORR), proximity to the Kempegowda International Airport and easy access to the Central Business District.

The Yelahanka area is home to many defence establishments, making it a safe and peaceful residential option. Other areas like Hebbal, Devanahalli and Thanisandra are investment favourites due to large banks of undeveloped land.

Infrastructure initiatives: Real estate in North Bengaluru stands to directly benefit from the development of the upcoming Aerotropolis, IT, and Aerospace parks. Road widening projects and the development of large-sized townships are improving prospects in areas like Hebbal and Devanahalli. The proposed mono rail could also be a significant value add, if approved.

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