In recent times, Bellandur has been witnessing a lot of
demand for residential properties. Following are some of the major reasons for
the increasing demand;
Affordability
The foremost reason for this demand is the affordable prices
of the properties in Bellandur. In the first quarter of 2015, the average of
the apartments here stood at INR 5500 per sqft. According to the realtors, the
apartments that are located close to the Outer Ring Road (ORR) will fetch
higher returns when compared to the properties in the interior.
Proximity
Another major reason why Bellandur is emerging as the best
property investment destination is because of its proximity to the business
districts, both on the southern and eastern side of Bangalore. Electronic City
which a major IT hub is located just 15 to 18 km away and it takes half an hour
to commute. On the east, the commercial hubs like Whitefield and ITPL can be
reached easily through the Outer Ring Road (ORR). Besides, the top companies
such as SAP Labs, AT&T, Cisco, Intel, Wipro and a large number of SEZs
(special economic zones) are located close to this area. Further, the locality
is 6 km from Silk Road and 14 km from MG Road which is the heart of the city.
Connectivity
The locality's seamless connectivity has been playing a
major role in grasping the attention of the home buyers. Moreover, the flyover
at Bellandur had eased off the locality from heavy traffic congestion.
So these are some of the major factors that have been
increasing the demand for properties in Bellandur. If you are planning to buy a
property in Bangalore then you can consider Bellandur as an option.
Apart from these positive factors, the locality has some
drawbacks. The Bellandur Lake is polluted badly by the chemical sewerage. This
lake was once used for recreational purposes, but it has now turned into a
sewerage dump owing to the unplanned urbanization and poor waste disposal. Once
this lake is cleaned up, this locality is a clear winner.
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