Bangalore is the IT capital of the country. It has the largest job market for tech savvy individuals and has a number of promising opportunities for people specializing in other areas, such as management, pharmaceuticals, as well. The city also offers quality education from preschool to college. Bangalore’s internal connectivity has improved over the years and only keeps getting better with every passing year. The beginning of 2015 saw a rise in the supply of and demand for real estate in the Bangalore property market, by 13,400 units and 8,310 units respectively.
If you are looking to invest in the city you need to know about the various investment choices available to you. Below you will find a list of places where you can find plots for sale in Bangalore compiled using MagicBricks.
Hennur is a well-developed area in the northern part of Bangalore. It may be a bit pricey with its properties falling within the price range of INR 80 lakhs to INR 1 crore. But, what makes this area a coveted spot for real estate investors are the amount of development taking place, the fact that it is within close proximity of the Bangalore International Airport and the recently built 4 lane highway meant for cargo vehicles to travel to and from the airport. If you’d like to invest in this part of Bangalore, now is the best time because the property prices are expected to increase by 15-20% in the near future.
According to moneycontrol.com, the major financial information portal in India, Banashankari is one of the top 50 investment destinations in the whole of India in 2015. The lifestyle here may not be like the rest of the city, but it is definitely getting there. It sees about 10-15% appreciation in the value of property every year. The Banashankari area is definitely going to see a lot of growth as there are a number of development projects already underway. This area also happens to be the largest in Bangalore, running from Mysore Road to Kanakapura Road.
- Indira Nagar
This is the most developed area in the whole of Bangalore city. Indira Nagar is home to many reputed educational institutions, medical centers and recreational facilities. It is well surrounded by prime locations. Byappanahalli is situated to the North of Indira Nagar, Vimanapura to the east, Ulsoor to its west and Dommlur at the south of the Indira Nagar region. All these factors make Indira Nagar a prime spot for residential property.
If you are looking for a property to show quick development, Sarjapur is the area you need to zero in. It has all the factors required to transform into an amazing locality. The new corporate spaces of Wipro and IT SEZ proposed by Infosys will help this region reach its full potential very soon. Then, there is Electronics City, Whitefield and Koramangala which are well connected to the Sarjapur region of Bangalore.
The Karnataka Industrial Development Board has allotted around 685 acres of Narasapura land for the purpose of setting up 22 major manufacturing units for companies like Honda Motorcycle and Mahindra Aerospace. In addition, Narasapura is located close to the Bangalore International Airport and the price of real estate in this area is likely to hike up to INR 900 per sq. ft. by the end of the year, making now the best time to buy property here.
As a result of the boom in Bangalore’s IT industry, Whitefield has experienced an incredible growth rate since the early 2000s. Around 11-14% growth is experienced every year. The area is perfect for IT professionals because of the immense development in the IT sector and the large community of IT professionals here. The locality is extremely investor friendly and has numerous facilities like famous hospitals and international schools. The region already has some extraordinary new residential projects set up, so you can start investing right away.
The newest area on the block, Hoskote has recently gained popularity due to the surge in industrialization. If you are looking for a long term investment option, Hoskote certainly takes the prize. Due to the massive infrastructural development projects and thriving residential properties, Hoskote has caught the realtors’ eyes.
To make a good choice in terms of pricing, location and amenities, compare the plots for sale prior to making an investment decision. It should help you make an informed decision in a short period of time.