With capital values of homes soaring day by day, the dream of owning a villa or an independent home might remain distant. But that where residential plots are now coming into the picture. While most of the central localities are dotted by high rise apartments, the suburbs are brimming with opportunities thanks to the availability of tracts in large parcels. So to help you make informed decision- we tell you where buying residential plots in Bangalore will be beneficial for you.
WHERE TO INVEST
Localities like Devanahalli, Mysore Road, Electronic City and Sarjapur Road have the highest supply of residential plots in Bangalore city. From small sections to large tracts of land- these neighbourhoods are fast become active realty hotspots.
While most of the smaller sections that spread over 200 square yard are estimated to cost an average of Rs 5 lakhs, 10 acres of lands hover over a price bracket of Rs 8 crore and Rs 10 crore. Both national and local builders are now purchasing land in large parcels only to build new projects in Bangalore- especially in the peripheries.
CAPITAL APPRECIATION
While property values of apartments are appreciating, capital values of plots are escalating rapidly. The high ROI (Return on Investment) is another reason that fuelling the realty demand.
Electronic City- In a neighbourhood like E-City where residential plots are sold at an average cost of Rs 4,100 per square feet, capital values have escalated over 10 percent in the past one year.
Devanahalli- The per square yard rate for residential plots here are estimated to fall under the price band of Rs 10,000 and Rs 14,000 per square yard. Recent reports have documented the property value appreciator to be 19 percent in the past two years.
Sarjapur Road- Wooing potential home buyers and real estate developer due to its affordable property prices- lands here have witnessed an escalation of 31 percent in a span of just one year. The ongoing prices for plots here are expected to cost anywhere between Rs 18,400 and Rs 22,150 per square yard.
Mysore Road- Owing to its strategic location and seamless connectivity, residential plots here are cited to be the most sought after. And with there being a constant demand-values for land too have seen an escalation. Property values of land here have almost doubled in a span of just one year. According to current market trends, residential plots for sale on an average are estimated to cost Rs 20,500 per square yard.
Real estate developers are now tapping these trends and are investing in lands in large parcels so as to build new projects in Bangalore suburbs- thereby developing many peripheries. Apart from property developers, end users too are investing in plots only to build their dream home, that might otherwise costs crores if bought in a gated community or a township project. Purchasing a stand alone plot and building ‘your choice of home’ are finding many takers. The appreciating capital values too are luring a fair share of investors who are now purchasing in land only for it to reap formidable benefits. So no matter who you are- Bangalore has a lot to offer you if you are willing to purchase a plot!
WHERE TO INVEST
Localities like Devanahalli, Mysore Road, Electronic City and Sarjapur Road have the highest supply of residential plots in Bangalore city. From small sections to large tracts of land- these neighbourhoods are fast become active realty hotspots.
While most of the smaller sections that spread over 200 square yard are estimated to cost an average of Rs 5 lakhs, 10 acres of lands hover over a price bracket of Rs 8 crore and Rs 10 crore. Both national and local builders are now purchasing land in large parcels only to build new projects in Bangalore- especially in the peripheries.
CAPITAL APPRECIATION
While property values of apartments are appreciating, capital values of plots are escalating rapidly. The high ROI (Return on Investment) is another reason that fuelling the realty demand.
Electronic City- In a neighbourhood like E-City where residential plots are sold at an average cost of Rs 4,100 per square feet, capital values have escalated over 10 percent in the past one year.
Devanahalli- The per square yard rate for residential plots here are estimated to fall under the price band of Rs 10,000 and Rs 14,000 per square yard. Recent reports have documented the property value appreciator to be 19 percent in the past two years.
Sarjapur Road- Wooing potential home buyers and real estate developer due to its affordable property prices- lands here have witnessed an escalation of 31 percent in a span of just one year. The ongoing prices for plots here are expected to cost anywhere between Rs 18,400 and Rs 22,150 per square yard.
Mysore Road- Owing to its strategic location and seamless connectivity, residential plots here are cited to be the most sought after. And with there being a constant demand-values for land too have seen an escalation. Property values of land here have almost doubled in a span of just one year. According to current market trends, residential plots for sale on an average are estimated to cost Rs 20,500 per square yard.
Real estate developers are now tapping these trends and are investing in lands in large parcels so as to build new projects in Bangalore suburbs- thereby developing many peripheries. Apart from property developers, end users too are investing in plots only to build their dream home, that might otherwise costs crores if bought in a gated community or a township project. Purchasing a stand alone plot and building ‘your choice of home’ are finding many takers. The appreciating capital values too are luring a fair share of investors who are now purchasing in land only for it to reap formidable benefits. So no matter who you are- Bangalore has a lot to offer you if you are willing to purchase a plot!
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