Like in any other city of India, the real estate market in Bangalore is quite stable since last 7 to 8 years. Most of the demand is consumption driven. If you keep end-user viewpoint in mind, you can generate good returns out of your investment. The apparent parameters to consider for home buyers are location, reputation of developer, and price. Some of the promising locations in Bangalore are, Yelahanka, Kanakapura Road, Sadashiv Nagar, Devanahalli, Hennur Road, Whitefield, and Bannerghatta.
Yelahanka is known for defence establishments and it also provides easy access to city amenities. With promising development, this locality is catching up the interest of investors. Some of the prominent developers have already marked their presence in this area. One of the attractive projects to consider is Provident Welworth City, situated at Yelahanka Doddaballapur Road. This project is spread across 41 acres and is at very close proximity to Bangalore international airport, BMS Institute of Technology and RT Nagar Public School. Due to locational advantage and ready possession, the project has attracted investors and home buyer’s attention.
Kanakapura Road is also catching investor’s interest due to its connectivity to the city. The ample land availability makes it convenient for developing smart residency. The cultural and spiritual activities make the locality, a preferred choice for many home buyers.
Space is the key in Sadashivnagar property market. Many independent homes and villas are being developed due to ample space. This area is now well established with schools, hospitals, restaurants, and supermarkets. There are several choices of residential units for investors.
Another preferred locality near Bangalore international airport is Devanahalli. Several new projects are being launched in this locality. Access to public utilities like school, colleges, and hospital is also improved in Devanahalli after establishment of the airport. This area also has direct connectivity to Hyderabad road.
If you want to stay at an equal distance from the city center and airport, the apparent choice is Hennur Road. However, you will have to shell out more money to get a flat in Bangalore at this convenient location. Higher entry price may restrict the growth of your investment. You can avail a home loan offered by Bajaj Finserv Homes and Loans, which is the most convenient way to own your dream home.
Since the beginning of the 21st century, Whitefield has been a preferred choice for investors, due to growth of IT companies and infrastructure in this area. The locality is the evergreen choice for home buyers and investors due to growth factors that are associated with it.
Bannerghatta is the only locality in Bangalore, which provides the home for all kind of budgets. In recent years, it is the area of attraction because of its better connectivity to main IT hub of the city. You can also choose commercial properties in Bannerghatta.