10 Best Regions For Real Estate Investment In Bangalore

Bangalore is arguably the city that has benefited the most from India’s IT boom. A pro-active government is to be commended for the fascinating growth the city has seen in recent years which has been, among other things, music to the ears for real estate investors. With newer projects and a thriving consumption-oriented urbane population, the city offers capital appreciation well worth gaining. For you to make the most from the city’s growth, here are 10 best regions for real estate investment in Bangalore.

1. Indira Nagar

Indiranagar | Source: wikipedia.org

Arguably the locality in Bangalore that has showed the maximum appreciation of capital prices, Indiranagar- aside from being well developed is aso surrounded by prime locations including Vimanapura to the east, Ulsoor to the west, Byappanahalli to the north and Dommlur to the south. The presence of reputed schools, colleges and hospitals as also shopping malls, gardens and other recreational facilities make Indira Nagar one of the most favoured residential localities in Bangalore. In terms of monetary rise, 375% return on property investment has been recorded in Indiranagar since 2005.

2. Narasapura

Source: autocarindia.com

Situated close to the Banaglore International Airport, Nasarapura is all set to be a major manufacturing hub. 685 acres of industrial land has been allotted by the Karnataka Industrial Development Board with 22 major companies including Mahindra Aerospace and Honda Motorcycle having already acquired land. The real estate prices are projected to reach Rs. 900 per sq ft within the end of the year.

3. Hennur

Hennur | Source: wikipedia.org

Located on the northern fringes of the city, Hennur comes with the double attraction of being in the vicinity of the Bangalore International Airport while affording access to the city centre that’s some half an hour drive away. The property rates in the area have soared in recent times thanks to the four lane highway that’s proposed for the cargo road to the Airport. The current prices for properties range from about Rs. 80 Lakhs to Rs. 1 Crore and is expected to see a rise of 15 to 20 % in the coming years.

4. Yelahanka

Yelahanka | Source: commonfloor.com

Yelahanka is situated in North Bangalore, some 19 km away from the International Airport. The property prices began to rise after the airport came into existence. The Karnataka government has instituted a body the purpose of which is to develop North Bangalore as a business hub. This is expected to eventually generate 40 lakh jobs in the area in the coming two decades. This makes Yelahanka a great long-term investment prospect.

5. Devanahalli

Devanahalli-airport | Source: wikipedia.org

Devanahalli, located some 40 kms in a north eastern direction from Banaglore is fast evolving as an IT hub in the city. The presence of the multi-billion dollar Devanahalli Business Park, India’s second largest International Airport and also the proposal for a Rs. 1000 Crore upcoming financial city make Devanahalli an attractive prospect for the real estate investor.

6. KR Puram

KR Puram | Source: wikipedia.org

On East Bangalore, KR Puram is a good investment prospect. Located at the intersection of the Old Madras Road and the Outer Ring Road on NH 75, KR Puram is well-connected. It is also close to two major IT hubs-Whtefiled and Manyatha Tech Park, which makes the location especially attractive for IT professionals. The widening of the Peripheral Ring road that is proposed will also add value to a property in KR Puram.

7. Sarjapur

Sarjapur | Source: blogs.rediff.com

Sarjapur is one of the fastest developing locations in Bangalore as of now. Well connected to major localities like Whitefield, Electronics city and Koramangala and with a proposed IT SEZ by Infosys and the new corporate space of Wipro have all made this just about perfect for plotted investment. In addition, several reputed educational institutions and shopping centres etc. could be found here making Sarjapur all the more attractive.

8. Hoskote

While the recent bout of industrialization has up the ante for Hoskote, it is as a long term investment option that Hoskote will work best. Currently, it’s the government planned infrastructural development projects that are the mainstay here with a thriving residential population as well. The fact that the taluk lies between NH 4 and NH 207 attributes to its connectivity.

9. Whitefield

Whitefield | Source: wikipedia.org

Whitefield’s real growth story began in the 2000s with Bangalore’s IT boom. This is essentially a microcosm that has well-developed social and physical infrastructure amidst lush greenery. The presence of famed international schools and hospitals are also value add-ons. Some outstanding residential projects are already in place in Whitefield. Due to the presence of a thriving community of IT professionals Whitefiled is a great rental market as well. A 11-14% of steady annual growth over years with more IT and infrastructure projects in the pipeline, this is one locality that’s going to stay investor-friendly.

10. Banashankari

Banashankari-Transport Building | Source: wikipedia.org

Banashankari situated in South Bangalore is considerably less ‘hip’ in terms of lifestyle options but what it lacks there it makes up for on the investment front, with a 10 to 15% annual appreciation. It is also listed among the 50 best investment destinations in India for the year 2015 by the financial information portal, moneycontrol.com. Banashankari is also Bangalore’s largetst locality, stretching from Mysore Road to Kanakapura Road and with the city spreading out, this is one region that will see newer projects, and thereby more growth.

Cover image courtesy: ibtimes.co.in

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