Bangalore, the high-tech industrial city of India, is booming in the real estate sector with its widespread amalgamation of premium and luxury apartments, villas and residential plots. There is a significant positive growth in real estate in the city, opening up a multitude of options for investment. But it is very essential to analyze various parameters before finalizing the best residential apartment complex for your future life – One of them is the right area to invest in.
The article will provide you with a comprehensive guideline on the key real estate areas in Bangalore that are currently booming.
What Are The Incredible Motives That Fascinate Multitudes To Invest?
Namma Bengaluru is divided into 4 pillars – the north, the south, the west and the eastern regions. Each of the regions has undergone a tremendous amount of transformation in terms of infrastructural development and growth. Several real estate projects are in progress offering all the necessary amenities for a comfortable and luxurious living like parks, community centres, gymnasiums, play areas, swimming pools, educational institutions and many more.
Best Areas To Invest In Real-Estate In Bangalore
Below we listed the best areas based on the regions:
North Region of Bangalore
North Bangalore offers a wide range of residential options starting from 1BHK, 2BHK and 3BHK apartments to luxurious villas. The areas which are hosting the prominent residential projects are Hebbal, Yelanka Road, Devanahalli and Hennur Road. The projects are available at various price ranges which can suit the needs of different buyer categories and their budgetary estimates. Commuting is also easy and comfortable due to several flyovers, expressways and metro stations which provide seamless connectivity via NH-7, Outer and Peripheral Ring Road.
1. Hebbal
Hebbal is a perfect place for families to stay amid a serene environment, surrounded by the beautiful Hebbal and Nagavara lakes and greenery. The area is one of the prominent locations in North Bangalore due to its improved infrastructure and the presence of some of the renowned IT Tech parks for example Manyata Tech Park and the upcoming IT SEZ park. The most elegant, innovative and luxurious residential projects of Bangalore are present in Hebbal. You can make a significant investment in this area due to its excellent connectivity to the different parts of Bangalore including the Kempegowda International airport. Schools, colleges and shopping malls are present in abundance in Hebbal, designating it as a safe choice for your future home.
2. Yelahanka
Yelahanka was originally not famous for real estate projects but was more renowned as a hub for manufacturing industries and firms. Today this area has witnessed a significant jump in its residential demand due to its proximity to the Kempegowda International airport. Additionally, there has been a boost in the employment curve owing to the presence of many IT firms in this area. Yelahanka is still undergoing various development initiatives and offers options for affordable residential apartments with good returns.
3. Hennur Road
Hennur Road is one of the perfect places in North Bangalore where people will dream to have their future homes. The area has ample opportunities for being engaged in different adventurous and water sports activities like bike riding, go-karting, bowling, snooker, cricket, soccer, swimming, boating etc. There are premium residential apartments, parks, health care facilities, educational institutions, colleges which certifies the area to be an ideal place for staying with family.
4. Devanahalli
Devanahalli had been essentially a quiet area in North Bangalore. But it has not reached a level of paramount importance due to its good connectivity with the Kempegowda International Airport. The main attraction of the area is the satellite township for example projects like Embassy Springs which provide all the comforts and luxuries required for a comfortable stay. There are several Tech parks in this region namely Financial City, Science Park and Aerospace Park. Multiple investments are being made in Devanahalli for infrastructure development, the most prominent one is the construction of a theme park and sports hub costing 1330 crores, spread across an area of 300 acres in the villages of Muddenahalli and Haralur.
5. Thanisandra
Thanisandra has undergone substantial growth in the real estate sector both in the commercial and residential categories. The main reason for its significant upliftment is due to its well organized and planned infrastructure. The area is well connected with different parts of Bangalore through both public and private transport facilities. Phase 2 of the Metro Rail project is also supposed to cross the area which would further enhance the connectivity within the city. Some of the key ongoing residential projects which you can focus on are Hardware Park, Bagalur Finance City and KIADB IT SEZ, KIADB Park and Shell Park.
South Region of Bangalore
South Bangalore is the most developed region as compared to the other regions of Bangalore in terms of infrastructure as well as all the necessary facilities required for healthy and comfortable living. Be it multinational companies, health care facilities, recreational arenas or educational institutions and colleges, south Bangalore occupies a higher rank than any other place in Bangalore.
1. Electronic City
The area offers a variable range of residential options in different price ranges. Electronic City is said to consist of an increasing list of residential properties essentially to house the working sector deployed in the IT parks located near the area. Hospitals, schools, shopping malls, banks are present in a significant amount which are added benefits for the people opting to reside in this area. The key residential projects in the area are GM Infinite Global Techies Town, Green Terraces etc. which provide you with a comfortable and pleasant living standard with budgeted rates.
2. BTM Layout
BTM Layout is one of the prime areas in Bangalore, connected with the key places of the city like Koramangala, Bannerghatta Road and HSR Layout. Due to its impressive infrastructure and wide range of residential options, it has been a preferable choice for many real estate buyers. Commuting options from the area to the different parts of the city has been enhanced due to the metro stations namely Banashankari and Rashtriya Vidyalaya Road. Its location has been one of the strong inputs for the high rental value of the residential apartments.
3. Kanakapura Road
Kanakapura Road has gained prominence as a residential area preferably due to the upcoming Metro line and the proposed peripheral ring. The area has been witnessing many real estate projects in both the commercial and residential sectors in recent years. It has well-established connectivity and significant infrastructural development thus attracting a lot of real estate investors.
4. Bannerghatta Road
Bannerghatta Road is one of the oldest places in Bangalore with easy connectivity to the prominent areas of the city like Mysore Road, JP Nagar, BTM Layout and many more. You can find some of the renowned schools of the city like the Radcliffe school and Clarence public school, in this area which makes it an easy and preferable choice for stay. The famous hospital of Jayadeva is also located in Bannerghatta Road along with other health care facility centres.
5. Sarjapur Road
Sarjapur Road, nestled in the southeast part of Bengaluru, is one of the hottest favourites for real estate investors. Sheltering buzzing IT corridors of the city, this location has a proven record of high returns on real estate investments. For many, investment in ready to move apartments in Sarjapur Road is preferred as it comprises a great mix of returns from their home investments. With the boom of the IT sector, there has been a huge boom in real estate development of both residential and commercial property in Sarjapur Road.
6. Attibele
Attibele is a small village that has undergone a major revamp due to its proximity to Electronic City. The emerging residential properties in Electronic City has influenced the real estate growth in Attibele. Various residential projects, as well as land, are now available at variable price ranges, thus serving as a paradise for real estate investors. It is well connected with IT Parks like Silk Board Junction, Electronic City and Anekal.
East Region of Bangalore
Individuals from different parts of India opt to shift and reside in Bangalore essentially because of the multitude of career opportunities offered by multinational firms. The next basic requirement will be a perfect place for residence. East Bangalore provides both the privileges of being located to several corporate offices as well as a serene atmosphere for living. There are several residential projects in this area of luxurious and premium standard.
1. Whitefield
Whitefield is a commercial hub hosting several multinational companies and firms. To support the working population, it has a significant number of residential projects to support a high class of living standards. The purple Metro Line and the normal train services have been a boost to the area’s connectivity with the other parts of Bangalore. The majority of the IT parks are located in Whitefield and hence a popular choice for the entrepreneurs and the working group as a preferred residential place.
The state government of Karnataka has approved two investment proposals in East Bangalore. One is of 13 acres of land for Oracle India Pvt Ltd worth 2438 crores, in the village of Kadubeesanahalli at the Outer Ring Road. The second one is 55 acres of land for Bluestone Tech Park worth 2051 crores, circumferencing the villages of Koraluru, Appajipura and Samethanahalli in Hoskote Taluk. These projects are potential opportunities for real estate investment, capable of generating substantial rental income.
West Region of Bangalore
West Bangalore had been mainly renowned for its booming industrial presence. But in recent years it has been alluring the real estate investors essentially due to its improved commuting options via the peripheral ring road. The property rates are still in the affordable range with good promising returns in the future as the region steps up its growth curve.
1. Nayandahalli
Nayandahalli is one of the areas in West Bangalore which has earned an approximately 35% increase in its real estate property rates in recent years. The primary reason behind it is the well-established connectivity due to the Metro Line and the establishment of corporate offices and business centres, thus opening up new career opportunities. It is located near Indiranagar which is an added advantage for the real estate investors and also individuals opting to stay.
With all the options mentioned above, you can indulge in a fair and judgmental decision on investing in real estate projects in Bangalore based on the budgetary ranges and the living standard preferences. It is very important to calculate the return on investment before deciding and finalizing the investment on any residential or commercial projects. Due to the increase in the number of companies and firms, Bangalore is witnessing a significant influx of the working population and simultaneously an increase in the demand for residential and commercial projects. The city is coming up with various innovative projects suitable for various budget ranges, offering opportunities for all to invest in their economic and financial conditions.
To narrow down your choices in and around Bangalore, look at SJR Primecorp’s Amazing Residential Projects.
