While most of the central localities of Bangalore City would have reached their saturation point, property seekers and potential home buyers are now looking for secluded peripheries that are capable of becoming self sufficient micro markets. And one such neighbourhood that has become one of the most preferred realty destination is HSR Layout. Situated between Hosur Road and Sarjapur Road, this vicinity is cited to be one of the largest localities in Bangalore. Divided into seven sectors, the locality landscape is currently witnessing a metamorphosis. Barren tracts of land today have been converted into high rise apartments in HSR Layout.
The 1,500 acre neighbourhood provides the perfect environment to all its urban population. The existence of both residential and commercial spaces are enticing many real estate developers to come up with realty projects here. Local property builders are now coming up various residential projects that range from being affordable to luxurious. While some are focusing on building various affordable towers, others are creating extraordinary houses in HSR Layout.
The developing social infrastructure and its proximity to established areas like Koramangala and Jayanagar too is pushing the housing demand further. The presence of many reputed schools, college and healthcare units are attracting many families and students to shift base here. The coexistence of retail outlets and various recreational spots make this vicinity one of the most sought after micro market.
Another major driver that is flourishing the realty market here is its affordability. Compared to its neighbouring localities like Koramangala that offers homes at a staggering amount of Rs 9,000, modest budgeted houses in HSR Layout are finding many takers. Homes here are cited to cost an average of Rs 4,610 per square feet, making the locality an ideal destination for many MIGs (Middle Income Group Individuals).
Apart from the affordable homes, seamless connectivity too is another factor that is driving the realty demand. Important connectors like Haranur Road, Hosur Road (National Highway 7), Hospalya Main Road and the Sarjapur Main Road have helped improved intra-connectivity. Via Hosur Road, nearness to ORR (Outer Ring Road) too has enticed many working professionals to shift base here. While the locality is witnessing a robust demand from white collared professionals, local investors and second time home buyers are investing in inventories here only to let them out on rent later. According to recent data, rental yields have appreciated over 18 percent in the past few months. 2 and 3 BHK homes that spread over a 1,000 square feet carpet area are currently capable of generating rental returns anywhere between Rs 20 and Rs 27 per square feet per month, depending on how the homes have been furnished.
The initiatives taken by the government to improve basic civic amenities have lured many to invest here. Projects to improve flooding during rain and storm are pushing property prices to soar. So if you are looking towards making a fruitful realty investment- don’t shy away from investing in apartments in HSR Layout. They not only promise high ROI but also promise to generate handsome rental returns.
The 1,500 acre neighbourhood provides the perfect environment to all its urban population. The existence of both residential and commercial spaces are enticing many real estate developers to come up with realty projects here. Local property builders are now coming up various residential projects that range from being affordable to luxurious. While some are focusing on building various affordable towers, others are creating extraordinary houses in HSR Layout.
The developing social infrastructure and its proximity to established areas like Koramangala and Jayanagar too is pushing the housing demand further. The presence of many reputed schools, college and healthcare units are attracting many families and students to shift base here. The coexistence of retail outlets and various recreational spots make this vicinity one of the most sought after micro market.
Another major driver that is flourishing the realty market here is its affordability. Compared to its neighbouring localities like Koramangala that offers homes at a staggering amount of Rs 9,000, modest budgeted houses in HSR Layout are finding many takers. Homes here are cited to cost an average of Rs 4,610 per square feet, making the locality an ideal destination for many MIGs (Middle Income Group Individuals).
Apart from the affordable homes, seamless connectivity too is another factor that is driving the realty demand. Important connectors like Haranur Road, Hosur Road (National Highway 7), Hospalya Main Road and the Sarjapur Main Road have helped improved intra-connectivity. Via Hosur Road, nearness to ORR (Outer Ring Road) too has enticed many working professionals to shift base here. While the locality is witnessing a robust demand from white collared professionals, local investors and second time home buyers are investing in inventories here only to let them out on rent later. According to recent data, rental yields have appreciated over 18 percent in the past few months. 2 and 3 BHK homes that spread over a 1,000 square feet carpet area are currently capable of generating rental returns anywhere between Rs 20 and Rs 27 per square feet per month, depending on how the homes have been furnished.
The initiatives taken by the government to improve basic civic amenities have lured many to invest here. Projects to improve flooding during rain and storm are pushing property prices to soar. So if you are looking towards making a fruitful realty investment- don’t shy away from investing in apartments in HSR Layout. They not only promise high ROI but also promise to generate handsome rental returns.
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