Bangalore, or sweetly called by the natives as Bengaluru, is the most favourite city for the techies in India for its welcoming attitude. With people thriving to settle in the city brings a great investment. Famous for its weather, Bangalore has succeeded in attracting maximum investors in the field of software engineering and thus marking a tech-mark globally. The city transforms itself at a great pace to make sure it stands parallel with the leading cities in the world. Thanks to the investors who choose Bangalore over other cities in India for setting up their firms. If you are a Bangalorean already, you would be much familiar with the names Electronic City, Whitefield, Manyatha, Bellandur, and so on. These are the pivot localities or areas which were attractive enough to drag the tech-giants to invest and set-up within them.
Time flew and we are in 2020. Bangalore has grown so much than anyone did imagine a decade before and is crossing all borders to reach a new high. Let’s talk about some potential locations which are everyone’s hot favourite for investing.
Property in Whitefield, Bangalore:
Bangalore aims to be the world’s largest IT cluster by 2020 and its time to thank Whitefield for it. Started to see mega infrastructure projects booming at the beginning of the 2000s Whitefield remains among the choosiest locations to invest among Bangaloreans with its Hope Farm Junction locality being the most happening with the real-estate projects coming up. The Metro line approved to connect Whitefield localities seems a cherry on the cake for home buyers.
Property in Yelahanka, Bangalore:
Although most Bangaloreans see Yelahanka as a faraway locality, it seems to be back to the mainstream of choices for investment. Yelahanka, located in the Northern part of Bangalore, offers great investment opportunities for the homebuyers with long term plans. It is the nearest major locality to the KIAL, Devanahalli and lately, the Metro link is also announced which passes through it connecting the airport.
Gifted with better road connections, compared to other potential localities in Bangalore, and its connectivity to tech park such as Manyata, and to upcoming projects like Bangalore Aerospace SEZ, BIAL IT Investment Region (ITIR), and Disneyland Theme Park, Yelahanka, the North Bangalore is the fastest growing area and most suitable for investment without a second thought.
Property in Electronic City, Bangalore:
Formerly called E-city, Electronic City is located in Anekal Taluk far south of Bangalore. Leading companies in the IT have their bases in this area and it is flourishing as ever before.
Blessed with the connectivity of NH-7 and ORR, it is an easy option to choose for investors from both manufacturing and IT as the mobilization of goods is not a challenge. People moving in and out of the Electronic City always look for an affordable option for investment and thus leading to fresh real-estate projects.
Property in South Bangalore, Bangalore:
The southern part of Bangalore had a decent increase in the footfall of property buyers. A lot of developers and builders have chosen Mysore road as a stretch to invest in real-estate projects which come at a handy price, a win-win for both the developer and the buyer. This part of the city lacks the presence of tech parks and only major IT Park in the area is Global Village Tech Park.
This part of the city houses top engineering colleges of Bangalore by renowned institutions like RV, BMS, PES, RNS, JSS, BGS, and is best known for rentals rather than property buyers. Most of the parts of South Bangalore can be reached easily using ORR, NICE Road, and through the Metro in coming days which is under construction.
The latest extension plan of Metro makes hassle-free access to Kengeri Satellite Town. South Bangalore has proved itself as a go-to location for real-estate investment with the flying development of Raja Rajeshwari Nagar over the last decade.
Conclusion:
All the parts of Bangalore have their own significance in terms of real estate investment and it depends upon the individual interest and expected ROI after the investment.
Whitefield, which saw a decline in growth past years due to mobility issues, is still can be called evergreen for the investments. The region will have an advantage with connectivity after the approval of projects like Metro Phase – 2 and Peripheral Ring Road (PRR).
Phase 2 of Metro will enable connectivity to Whitefield from Baiyyappanahalli, and people have already accepted the NammaMetro as their primary choice of commute in Bangalore which is also sustainable.
The PRR will be a boon to the region which will help people in the area to move more efficiently and cut the overall travel time. The PRR also will make Whitefield accessible to nearby Hoskote and Huskur which have all the specs to be next investment regions adjacent to Bangalore area. The primary issue of Whitefield is its narrow roads which fail to accommodate 4 lakh people who ply to the office every day, although most of them reside in nearby locations.
The North Bangalore, on the other hand, has associated itself with major infrastructure advantages which help in overcoming issues which are concerning the growth of Whitefield, thanks to The KIAL project. This area could be the best in bringing ROI compared to Whitefield, which was the ideal location for real-estate for over a decade.
The potential North Bangalore has in it for growth is enormous with wide roads in place and signal-free airport road through which other parts of the city can be accessed easily
