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.
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| Bangalore apartments -image:brenimperia.in |
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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