Most Preferred Destinations to Invest in East Bangalore

Bangalore: Unlike Mumbai and Delhi, Bangalore habitually called as a garden city and silicon city of India has recorded a high growth rate among few Indian cities. The garden city is expanding swiftly as more people are moving to the city for employment. In this successful progress East Bangalore played a major role as South Bangalore. South localities like Chickpet, Malleshwaram and Chamrajpet is a paradise for pensioners where as East Bangalore localities are covered with clusters of multinational companies.

By housing a cluster of companies, East Bangalore became as a preferred destination for ITES professionals.  Many builders have flourished their trade in East Bangalore by constructing affordable housing for professionals. Proximity to office places, full-fledged infrastructure development, connectivity to prime localities like Whitefield, Yelahanka and Electronic city has contributed to the high growth rate of East Bangalore.

Still the lush green surroundings and picturesque lakes are attracting professionals. The demand supply equation for mid level housing is healthier and the demand of luxury residential units which costs Rs 1.5Cr is witnessing slow pace. The following are the most preferred destinations of East Bangalore for investment purposes and it emerged as a major investment zone.

Brooke Field: a Premium locality in East Bangalore, Brookfield offers good connectivity to Bangalore city by BMTC through Varthur Road – four-lane Road. The locality has witnessed a 38-40 percent price appreciation in past two years. Residential projects in this locality are in the price band of Rs 4583 – 5361 per sq ft.

ITPL: Locality to be found in Whitefield and positioned 18 kms away from Bangalore city is one of the best preferred locality in East Bangalore for investment. It houses many sporting arenas and big Malls. The locality witnessed a price appreciation of around 30-33 percent in past two years. The residential units in this belt are priced in the range of Rs 3894-4424 per sq ft.

Mahadevpura: Mahadevapura is another preferred locality in East Bangalore as it offers residential units in the price range of Rs 50 Lakh to Rs 2.3 cr. The area witnessed more than 10 under construction projects and ready to move ones. It has witnessed an appreciation of 25 percent in two years and the price range varies from Rs 4571 – 4916 per sq ft.

CV Raman Nagar: Another premium locality in East Bangalore offers residential units in the price range of Rs 5174- 5616 per sq ft. It has good connectivity to the Bangalore city Railway station and Kempegowda bus stop. The area witnessed a price appreciation of 23 in the past two years.

Outer Ring Road: ORR is a 62km wide road runs between ORR East and Bangalore; due to its connectivity the locality witnessed a high residential growth. Property price belt in this area is around Rs 5279-6195 per sq ft and the growth rate is 22 percent in the last two years.

KR Puram: Due to the expansion of residential development in East Bangalore, KR Puram is emerging as a realty destination in East Bangalore. It offers affordable and budget apartments and the price range vary between Rs 3200-3498 per sq ft. The locality is largely driven by end-users and it witnessed a capital appreciation of 11 percent in two preceding years.

Marathalli: Due to the IT development around the locality, sleepy village Marathalli emerged as a real estate hub in East Bangalore. Proximity to HAL airport, Sarjapur, Sarjapur Road, HSR layout, Whitefield and Electronic city stood as a growth factor. The residential units are priced in the range of Rs 3357 – 5769 in the July to Sep month.

Whitefield: Housing major MNC companies, Whitefield locality became as a best preferred real-estate destination in East Bangalore. The good connectivity to prime localities through major four lane road and proximity to the Whitefield railway station made this as a residential hotspot. It witnessed about 30-40 percent capital price appreciation. Presently, the locality offers residential apartments from Rs 3785-4140 per sq ft.

Sarjapur Road: This is one of the premium localities in East Bangalore. Due to its proximity to prime localities the area promises a better return in near future. One can find a residential apartment in the price range of 4000- 4739.

The real estate experts feel that the East Bangalore Localities offer the best returns in near future. Many developers are targeting these areas and the property prices are expected to rise.