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.

Bangalore's Whitefield – An emerging real estate hub

The housing demand in Bangalore remained robust in the first quarter of 2015, with home sales showing up in high numbers and housing inventory falling to a lower number. Several micro markets in and around Bangalore are witnessing strong home sales this year making Bangalore take up the first positon in the real estate survey.  Though home sales picked up in the beginning of this years in slower pace, it has now starter to acquire a new momentum with many builders offering affordable houses in a small sized unit in the outskirts of the city. For those of you who are looking to buy a flat in Bangalore, this is high time to invest in areas such as Whitefield, Sarjapur Road, Electronic City and other areas around the IT corridor.

Whitefield, situated in the eastern part of Bangalore was just like a usual suburb of Bangalore until IT companies started to open their campuses here few years back. The main driving force of real estate in Whitefield is the IT corridor. This little micro market has now evolved itself into a major suburb with a lot of developed and developing infrastructure, job opportunities from IT companies, easy connectivity, and more. The real estate in Whitefield thrives well mainly due to IT population, who show a great interest in buying apartments for sale in this locality.

The major factor luring investors and buyers alike to real estate in Whitefield is the presence of several industries and IT companies in vicinity. Most people prefer Whitefield for its rapid development as a city and it social and physical infrastructure. It has a big mall, well-known restaurants, shopping centres, reputed educational institutions, multispecialty hospitals and much more to make people buy a flat in Whitefield. All these facilities make Whitefield an emerging real estate hub in Bangalore.

Not just known for residential properties, but it has equal demand for commercial properties as well. It has well-designed, international standard commercial space paving way for high office space absorption rate. But all these advantages of Whitefield have only helped in luring investors and home buyers towards it but did not increase the property prices to any unrealistic numbers. The prices of property in Whitefield are cheaper helping builders to buy and launch new residential projects at a rapid speed.

Not just developers and builders, but potential buyers also show interest in buying land here it offers high return of interest in near future. The prices of residential land in Whitefield have witnessed a four times growth in just 10 years of time. So people expect the same or even higher appreciation rate in future as well.

Turning from a small usual suburban area to a well-developed, most sought-after city, Whitefield has evolved itself with several new developmental projects. But even Whitefield has a small con on its traffic congestion, which will also be soon resolved with plans from the Karnataka police. Also the proposed Export Promotion Industrial Park by the Karnataka government is also expected to turn Whitefield into a most sought-after real estate market.

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.