Known for being one of the leading exporter of IT sector- Bangalore is cited to be one of the most sought after realty destination. And with with the IT insurgence creating various employment opportunities- the city is expanding its horizons and is attracting a pool of migrants. This has thereby lured many property developers to enter the realty market and create extraordinary apartments in Bangalore.
And with most of the central localities reaching saturation point- various peripheries have now been included within the city limits. Barren sections of plots in the suburbs today hold huge structures that boasts of having state of the art homes and modern day amenities. Real estate developers with both national and local presence are announcing various residential capital ventures that cater to the needs and demands created by both MIGs (Middle Income Group Individuals) and HNIs (High Net worth Individuals).
Neighbourhoods in and around IT hubs that have currently witnessed major developments include Begur Road, Whitefield, Sarjapur Road and Electronic City. These suburban localities have now been transformed into becoming self sufficient micro markets that boasts of having the perfect blend of both residential and commercial spaces. Due to their proximity to various IT parks- the demand for homes here keep increasing day by day. The housing influx has escalated so much that even investors are offering there 1 and 2 BHK flats for sale in Bangalore especially in these vicinities. Second time home buyers and local investors who had purchased homes a few years ago are reselling the property at double the price - and potential home buyers are still considering investing due to its high ROI (Return on Investment).
Apart from these localities- one vicinity that is bustling with construction activities is Begur Road. Cited to be an ideal realty destination by many families thanks to the existence of basic civic amenities, property prices in Begur are soaring at an all time high. Various developers are now purchasing huge tracts of land here only to create residential projects that meet the requirements of many families. According to recent report- the vicinity is all set to have over 100 housing projects here. Apartments in Bangalore especially in this neighbourhood are cited to hover over a price bracket of Rs 3,100 and Rs 3,700 per square feet. However, the prices could vary depending on the specifications and facilities offered by the developer.
Another element that has ensured that the peripheries remain sought after investment destinations is its growing infrastructure. These neighbourhoods have various projects in the pipeline that are thereby luring many first time home buyers. Projects like the Namma Metro and the Bruhat Bangalore Mahanagar Palike’s (BBMP) plan to widen arterial connectors like Sarjapur Road, Kanakapura Road and Bannerghatta Road has roped in a lot of investment. The proposed PRR (Peripheral Ring Road) too is another project that is enticing many to shift base here.
Be it if you are a migrant or a local- the city has a lot of offer to you. The perfect blend of both commercial and residential space makes Bangalore city one of the most sought after realty destination. So don’t shy away from investing in properties in peripheries. If you cant make a realty investment in a new project- you could always buy 1 or 2 BHK flats for resale in Bangalore.
And with most of the central localities reaching saturation point- various peripheries have now been included within the city limits. Barren sections of plots in the suburbs today hold huge structures that boasts of having state of the art homes and modern day amenities. Real estate developers with both national and local presence are announcing various residential capital ventures that cater to the needs and demands created by both MIGs (Middle Income Group Individuals) and HNIs (High Net worth Individuals).
Neighbourhoods in and around IT hubs that have currently witnessed major developments include Begur Road, Whitefield, Sarjapur Road and Electronic City. These suburban localities have now been transformed into becoming self sufficient micro markets that boasts of having the perfect blend of both residential and commercial spaces. Due to their proximity to various IT parks- the demand for homes here keep increasing day by day. The housing influx has escalated so much that even investors are offering there 1 and 2 BHK flats for sale in Bangalore especially in these vicinities. Second time home buyers and local investors who had purchased homes a few years ago are reselling the property at double the price - and potential home buyers are still considering investing due to its high ROI (Return on Investment).
Apart from these localities- one vicinity that is bustling with construction activities is Begur Road. Cited to be an ideal realty destination by many families thanks to the existence of basic civic amenities, property prices in Begur are soaring at an all time high. Various developers are now purchasing huge tracts of land here only to create residential projects that meet the requirements of many families. According to recent report- the vicinity is all set to have over 100 housing projects here. Apartments in Bangalore especially in this neighbourhood are cited to hover over a price bracket of Rs 3,100 and Rs 3,700 per square feet. However, the prices could vary depending on the specifications and facilities offered by the developer.
Another element that has ensured that the peripheries remain sought after investment destinations is its growing infrastructure. These neighbourhoods have various projects in the pipeline that are thereby luring many first time home buyers. Projects like the Namma Metro and the Bruhat Bangalore Mahanagar Palike’s (BBMP) plan to widen arterial connectors like Sarjapur Road, Kanakapura Road and Bannerghatta Road has roped in a lot of investment. The proposed PRR (Peripheral Ring Road) too is another project that is enticing many to shift base here.
Be it if you are a migrant or a local- the city has a lot of offer to you. The perfect blend of both commercial and residential space makes Bangalore city one of the most sought after realty destination. So don’t shy away from investing in properties in peripheries. If you cant make a realty investment in a new project- you could always buy 1 or 2 BHK flats for resale in Bangalore.
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