Bellandur-An ideal destination for property investment in Bangalore

In recent times, Bellandur has been witnessing a lot of demand for properties among the home buyers and investors. Here some of the major reasons for an increasing demand for properties in this suburb of Bangalore.

Affordability

The foremost reason for this demand is that prices of properties in Bellandur are more affordable. Thus, it attracts several mid-income groups to buy apartments or independent homes in this region. During the first quarter of 2015, the average price of an apartment in Bellandur was around INR 5,500 per sqft. According to the realtors, the apartments that have proximity to the Outer Ring Road (ORR) are being sold at higher prices when compared to the dwellings that are located in the interior.

Proximity to IT & Industrial Hubs

Another major reason why Bellandur is being realty hot spot is owing to its advantage of proximity to the business hubs, both on the southern and eastern part of Bangalore. With Electronic City (a major IT hub) is located just 15 to 18 km from this area, one can reach there by half an hour from Bellandur. However, the commuting time depends on the  traffic density. When it comes to the east,  ITPL and Whitefield is 12 to 15 km away via Outer Ring Road. Apart from it, there are several 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. As a result, the demand for residential properties has been high in this locality among the working professionals. Also, the increasing rental demand in the locality lures several second time home buyers to buy a property here to earn a good rental income. Besides, Bellandur is also very close to Silk Board and MG Road which is the heart of the city.

Connectivity

The locality's seamless connectivity is the other prime reason that grasps the attention of the home buyers. With the flyover at Bellandur, the traffic congestion in this area has been reduced to a large extend.

So, these are the major reasons why investing in Bellandur is an ideal choice for property investment. Thus, if you are looking for independent homes or apartments in Bangalore, then preferring this locality is a safe bet.