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.