Best Place for Investing in Bangalore

Best Place for Investing in Bangalore

By SiliconIndia   |   Monday, December 15, 2014
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Investing in BangaloreBangalore : Over the years, IT Hub of India – Bangalore has been attracting the real estate investors as it is promising good returns. Traditional sentiments in the city, infrastructure development and increased purchasing power have contributed Bangalore city to experience a good boost in real estate investment. The prime localities like Central Business District in Bangalore continue to see large construction on commercial and residential front. If you are planning to invest in Bangalore there are a few best places which promises healthy returns and capital appreciation at affordable cost.

Due to the establishment of IT companies there is a rise in rate of migrating population, to provide accommodation to the professionals Bangalore city is expanding beyond the borders. The places which are called as peripheral localities are emerging as a residential hotspots of Bangalore.

One of the best places for investing in Bangalore is Anekal; the town which is positioned in the southern part of the city, around 35 kms away from the heart of Bangalore is one of the ideal localities for property investment. Proximity to central business district made this locality as a best place to invest in the realty sector. Anekal has two main stretches one is Chandapura circle to Anekal and other Bannerghatta road to Anekal. Many residential developments are started along these stretches and it is anticipated to be as a next IT Hotspot in Bangalore.  

Roads leading to ITPL and absolute commercial and residential development make this as a preferred place for investment in Bangalore. The residential development in this area is estranged in to two major parts, one end is Bannerghatta - It is a residential hub with an added advantage like the area connects both Tamil Nadu and Karnataka end and it is undergoing development from both ends.  Another is Chandapura – It holds an immense potential in terms of land availability for commercial development and the location is witnessing an IT related development.

Chandapura is other best place for investment. This place has seen a consistent appreciation over the period from Oct – Dec 2013 and it increased from Rs 2972 per sq ft to Rs 5967 in the period April to June 2014.

Bannerghatta is another place which has seen slight appreciation in property prices. From rs 5,558 per sq ft in the quarter from October to December2013 to Rs 6,418 per sq ft in the April to June quarter of 2014.

The metro link is proposed to extend till Chandapura circle from Electronic city; if all the predicted things turn reality, the places like Anekal and Chandapura will emerge as most-wanted localities for residential development. These localities are the best places for investing in Bangalore.

Investing in any of these places will fetch potential returns. Affordable projects which are coming up along these stretches will be easily accessible to mid level segment buyers.

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