Top 5 Developing Areas To Invest in Real Estate in Bangalore
The best people are sought after in Bangalore. The name of a city that has undergone significant change. a community that has embraced transformation while preserving its core principles. “can-do” attitude is a quality that Bangalore inhabitants are renowned for. Bangalore has become a major metropolis because the locals genuinely believe in change.
The most incredible start-ups in the world are located there. Given that the city is one of the world’s startup hotspots, luxurious apartments, villas, and plots are available for less expensive lodging. Given the variety of real estate alternatives available in this city, selecting the best investment option could be challenging. You can have a better grasp of Bangalore’s rapidly expanding real estate sector with the help of this article.
Here is a list of the top 5 locations in Bangalore to consider as a home buyer, real estate agent, or developer for investment.
Areas To Invest in Real Estate in Bangalore
North Bengaluru, Hebbal, Yelahanka and Devanahalli Road
Hebbal is a prominent area in North Bangalore next to Hebbal Lake. The area is surrounded by a gorgeous and magnificent piece of residential as well as commercial hub. One of Bangalore’s top areas for real estate investment is Hebbal. Living here is a magnificent experience, surrounded by the breathtaking view of Hebbal lake and filled with intriguing design towers and penthouse flats. It has all the best amenities, like a heated indoor pool, an outdoor hot tub, a kids’ play area, clubhouses, and more, to make your life comfortable. It is in a great location, adjacent to educational institutions, research centers, and commercial structures.Employment opportunities in this region have multiplied due to the presence of the top tech parks, such Manyata Tech Park. To construct an IT SEZ for Rs 2,080 crore, L&T has approved two projects totaling 17 acres at two sites in Byatarayanapura on Bellary Road. Reputable educational institutions, colleges, and shopping malls are just the cherry on top. The proximity of Hebbal to the major educational institutions of Bangalore as well as the Kempegowda International Airport is one of its main selling features.
After the Kempegowda International Airport opened, the demand for housing at Yelahanka spiked. As Yelahanka’s new face in Bangalore, Yelahanka Satellite Town, commonly referred to as Yelahanka New Town, is quickly taking shape. Garuda Yelahanka, RMZ Galleria Mall, Yelahanka Central, and DMart Yelahanka are some of the biggest shopping areas and supermarkets in the area.
For individuals looking for a higher standard of living, Whitefield, a well-established corporate and residential hub, is a gold mine. Whitefield is developing as a location that offers housing for all socioeconomic strata, with a wide range of options in the ready-to-move sector and new projects popping up every day.
Due to the existence of the purple metro line and the start of train service, Whitefield has the best road, metro, and rail connections in all of Bangalore. Major IT parks like ITPL Tech Park and Bagmane Technology Center are important job locations in and around Whitefield. To increase the number of large, luxurious homes, many real estate developers have made investments in Whitefield. Whitefield, Bangalore, boasts unmatched commuting connection due to its proximity to the train station, which is only 8.5 km away. These tech parks have increased Whitefield’s appeal to the working class and young people, as have leisure centers like Phoenix Marketcity, VR Bengaluru, Forum Shantiniketan, Inorbit Mall, and Park Square Mall. The Whitefield real estate market in Bangalore is projected to continue to be the most significant among other areas for at least the ensuing ten years.
The zone has an advantage over the competition thanks to the planned outer ring and the construction of the new Metro line. Due to its rapid appreciation, Kanakapura Road has seen significant commercial and residential development in recent years. Due to its remarkable connectivity and expanding development, it has become a sought-after real estate area. Due to its close proximity to Mysore Road, Kanakapura Road is a crucial residential area and one of the top 5 localities to invest in Bangalore.
Sarjapur road connects the outer ring road to Electronics City and areas like HSR Layout. As the outer ring road fills up with IT businesses, Sarjapur becomes a new hub for businesses and recreational facilities. For people employed by nearby companies, it is the most suitable living area. The community has grown considerably as a result. A spike in housing costs is anticipated as a result of the proposed outer ring road’s reduction of traffic on the Sarjapur route.
Top on the list of residential structures that are developing quickly is without a doubt Electronic City, a hidden gem in the south. The area is a favorite with working people due to the several IT parks in and surrounding it. Wipro, HP, BHEL, Infosys, and other well-known companies have sizable offices in Electronic City. The area’s real estate profile has increased as a result of its first-rate infrastructure, which includes malls, theaters, banks, hospitals, and schools that help to build a whole lifestyle.
It is my sincere hope that this post will assist you in selecting a house in Bangalore that will suit your preferences for location, lifestyle, and most crucially, budget.
Last Updated on September 15, 2022 by Maansa Parameswaran