May 12, 2015

Zeroed Down on Bangalore for Property? Facts to Consider

Choosing a property you like is a simple task, but the final purchase requires a lot of consideration and there’s some spending on the cards. Deciding the location becomes the biggest task at hand. If you are planning to buy a property in Bangalore this blog will help you with the details you must know before making the final buying decision.

Where in Bangalore?
You must have already browsed portals and collected some data to support your decision. Do due research, as it will expose the areas and localities that should be a part of your plan. With so many options and lots of new projects in major areas like HSR and Koramangala, it becomes mind boggling. As per trends, most people who choose to invest in a property in Bangalore choose the central location of Marathahalli. HSR and Koramangala also top the charts for property in Bangalore. That’s the trend we saw in 2014.
Bangalore apartments
Other locations like Silk Board and Electronic City have gained great momentum with a splurge of IT tech parks. Easy access and convenient public transportation have caused many locations to become hot favourites for people choosing to buy a property in Bangalore. Locations that provide the best connectivity in and around the city have become consistent list toppers in real estate. Pre-planned BDA areas encourage major property investments in Bangalore. Such locations are on route for commuters to areas like MG Road, Richmond Circle, Electronic City and Bellandur. With large areas of greenery and proximity to malls and shopping centres, families decide to buy property in Bangalore and settle down in the long run. Koramangala and Bellandur also have the highest property prices listed in the residential segment.

Small to medium investment localities
The budgeted and economical localities in Bangalore are areas like Bannerghatta Road, Whitefield, Electronic City and Sarjapur Road. They are brimming with development and available at affordable prices for medium and small segment buyers. The upcoming trend for potential investors who have decided to buy property in Bangalore is to look at areas like Sarjapur Road, Hosa Road, Harlur and Whitefield among others.

Property pricing in areas like Bannerghatta Road and Whitefield is very reasonable, as they still come within the low and middle categories. Electronic City also has seen a significant number of buyers with the establishment of IT hubs like Wipro and Infosys. The locality also has a good proportion of young working professionals. That might have kept the property prices comparatively affordable.

Point of view – past investors
Areas like Sarjapur Road and Marathahalli have shown steady growth in terms of upcoming properties. Further expansion is expected in these areas and a lot of residential projects are in the pipeline. With major developers like Bren Corporation, it is indeed a worthwhile decision to invest in a property in Bangalore. Besides, there is a large variety of luxury as well as middle-segment properties available. Bangalore is definitely a good location to invest in properties, be it for settling down or investing.

About the Author:
Seema Mohta has over 7 years of experience within Real Estate Industry. She has worked with various Real estate companies and has good knowledge about, like property     trends, investment, apartments in bangalore etc.

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