Bellandur-An emerging residential hub in Bangalore

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.

Bangalore is turning into a luxury home destination

Bangalore has always been a robust market when it comes to real estate. The rapid urbanization, flourishing IT companies and industries, affordability, infrastructural developments and increasing population has increases the demand for house for sale in Bangalore. Apart from affordable housing, the demand for premium apartments and luxury villas have also increased in Bangalore. The real estate in Bangalore is driven mostly by end users, comprising of professional working populace and NRIs.
Also in recent days the number NRIs investing in villas and apartments in Bangalore have increased considerably. There are a several factors that actually help in attracting NRIs to invest in Bangalore.

When you take a big picture of the real estate market in the countries, only very cities have been stayed robust in past few years while real estate in other cities such as Mumbai, Kolkata and Gurgaon have been volatile. This robust real estate market is the main reason to attract investors from overseas. Some of the other reasons include higher capital appreciation, increased rental rates, easy and convenient investment norms by Indian government and foreign direct investment facilities. In particular these NRI populace concentrate more on luxury villas and independent house for sale in Bangalore.

With several luxury projects from reputed builders, high quality construction, timely delivery, high-end design and interiors, filled with all amenities and many more aspects help Bangalore to win the race in luxury home sector among Mumbai and NCR. Also while premium apartments and villas in Mumbai, NCR and Thane have unrealistic or huge price tags, the affordable prices of apartments in Bangalore have also made NRIs turn head towards Bangalore real estate.

The prices of luxury flats for sale in Bangalore is somewhere between Rs.5 crore to Rs.30 crore. Though this value may seem higher but when compared to other cities these rates are 30% to 40% lower. The city also offers several luxury apartment projects for reasonable prices. While Bangalore can show a sales report with 100 luxury villas or apartments for every quarter of a year, Mumbai and NCR are able to sell only between 10 to 20 luxury apartments.

The improved infrastructure have also made people to invest in luxury apartments in Mumbai. This has made Bangalore more popular among high net worth individuals who invest in luxury property in Bangalore. On the whole the demand for luxury homes in Bangalore is fuelled by NRIs, high net worth individuals, and millionaires from IT/ITES sector. The demand for luxury houses were once subdues in all metro cities during past few years but it has now started to pick up pace with Bangalore leading the market now to be followed by Mumbai and NCR. Bangalore with developed infrastructure, shopping malls and more support the sophisticated lifestyle led by the NRI, HNI population and also the original inhabitants of the city. For all those NRIs who look out for a luxury home to spend their vacation in home country, Bangalore everything to cater to their requirements.

The moderately good climatic conditions and profitable employment prospects in Bangalore have also attracted middle income group people to invest in flats in Bangalore.

Rapid Urbanization Lure Many Home Buyers to Invest in Bangalore Peripheries and Suburbs

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. 
 

Bangalore’s Robust Rental Market- An Ideal Destination for Both Investors and Tenants

The real estate scene in Bangalore today has moved from being an end users market for potential home buyers to becoming a robust rental market that is ideal for tenants. The growing job opportunities are luring a pool of migrant population to look out for homes that are in and around their office spaces- thereby enticing many local investors and second time home buyers to purchase inventories and earn handsome rental income. Below we decode a few neighbourhoods that are cited to ideal realty destinations for both investors and end users alike. 

Affordable neighbourhoods
With the majority of the demand being driven by working professionals, an array of areas in an around IT parks have emerged as affordable residential locations. Localities like Sarjapur Road, Bannerghatta Road, Electronic City, Marathahalli and Whitefield offer generous living spaces at affordable prices. With 2 and 3 BHK homes being very popular here, apartments for rent in Bangalore especially is any of these neighbourhoods are expected to hover over a price bracket of Rs 12,550 and Rs 18,000 per month. However, the prices are likely to vary depending if the homes are semi or fully furnished. 
Real estate developers too are cashing on this trend and are creating various residential projects keeping in the mind needs and requirements of the MIGs (Middle Income Group Individuals). Specifications and facilities like swimming pools, gyms, child’s play area and other recreational spots are being introduced in their capital ventures.

Luxurious localities
For all the senior executives and working professionals who are willing to lend that extra penny- vicinities like Bellandur, Koramangala and HSR Layout are cited to be ideal destinations. Cited to be among the most preferred rental locality- the area boasts of having seamless connectivity and great social infrastructure. The presence of both commercial and residential spaces here makes these neighbourhoods most sought after rental localities. 
With these areas being BDA Layouts, these areas have a lot of green spaces which are attracting many working professionals to reside here. Capital values wise, these areas are cited to fall on the higher side but the state of the art infrastructure is luring many to shift base here. 2 BHK apartments in Bangalore specially in these localities are cited to cost anywhere between Rs 17,500 and Rs 28,000 per month. 

Vicinities for second time home buyers and local investors
With the rental realty market becoming a means of earning handsome income, many investors and home buyers are purchasing inventories only to let them out on rent later. Vicinities that are cited to be lucrative for investors include Sarjapur Road and Marathahalli. In the past few quarters, the rental rates of homes here have witnessed a steady demand and the constant growth has pushed property prices to soar. 
For instances, homes that were being bought for an average of Rs 40 lakhs in Marathahalli before are cited to generate an average rental yield of Rs 18,000 - pushing your annual income to Rs 2 lakhs. The same foes for Sarjapur too.

So, no matter who you are, if you want to save a few pennies or make extra ones, investing in real estate in Bangalore is the ideal choice for you.