Bangalore's Top 4 Real Estate Hotspot that Become Buyer's First Choice

Bangalore's Top 4 Real Estate Hotspot that Become Buyer's First Choice

By SiliconIndia   |   Monday, April 28, 2014   |    1 Comments
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Bangalore is well known as the "Silicon Valley of India" because of its role as the nation's leading information technology (IT) exporter.The city is amongst the top ten preferred entrepreneurial known for its pleasant climate throughout the year.Moderate climatic conditions and wide business opportunities are the two important factors that have made Bangalore, a favorite Real Estate destination.The IT infrastructure of bangalore is incredible and outstanding .The realty is one thing which has played a major role in perking up the city's IT infrastructure in a big way. Investing in real estate is all about spotting the right opportunity. Places where huge transportation and residential projects come up see rapid growth, ensuring good returns on property investment. We explore some markets with huge escalation potential. On the residential front too, Whitefield has seen a remarkable growth over the last few years. Situated far away from the hustle-bustle of the city, Whitefield earlier attracted people as their second home option. Also the exorbitant prices of properties within the city saw the crowd moving towards the outskirts, preferably Whitefield, where the prices were quite low in the last 3-4 years, says Saquib Ilyas of Trend Shelters. Today it has a different scenario altogether. The area has an oversupply of not only commercial space but residential as well. Whitefield : In Bangalore, one of the fastest real estate growing area is Whitefield. In the past 4-5 months, overall transportation has considerably improved. New roads are being laid connecting airport and Sathya Sai ashram. International Tech Park (ITPL) is one of the largest IT parks of Bangalore, Sprawling over 69 acres, it is almost 12 kms from Bangalore Airport and 18 kms from the City Center. The Park, as such, has become a landmark in the IT industry, the grand address for any business in IT or IT-enabled services. It has companies like TCS, AOL, Delphi, Infenion, Huawei Technologies, Sap Labs ,Misys, IBM, I Flex, , Sapient etc. On the housing front Whitefield has seen a amazing growth over the last few years. Whitefield earlier attracted people as their second home option. Also the exorbitant prices of properties within the city saw the crowd moving towards the outskirts, rather Whitefield, where the prices were quite low price. Koramangala : Koramangala is a prime locality in Bangalore It is one of the most sought after residential locality in India that house profit-making structures, ultra-luxury apartments and posh bungalows. According to market experts, Koramangala will remain the most lucrative real estate hotspot for 2014.However, there are fewer likelihood to get vacant plots in Koramangala which can be used for real estate development, Thus, in light of limited new supply and consistent demand, the property prices are expected to increase further." sarjapur road : sarjapur road emerging as the top commercial and residential real estate destination in the IT city.The investment values on Sarjapur Road have been about Rs 3,600 per sq ft(avg), which is considered affordable compared to the other location. "There are close to 2 lakh employees working in the ORR stretch. So Sarjapur Road is emerging as a busy IT corridor. It has a good mix of educational institution and retail outlets. Many hospitality players like Hilton, Shangri-La and Novotel are coming up on Sarjapur Road," says Sushil Mantri, CMD of Mantri Developers. Hebbal : Surprisingly, Hebbal is witnessing good real estate movement in residential sector and is driving demand from investors. There has been a lot of interest from investors from Mumbai and Kolkata for high-end projects in Hebbal, according to Sudeep Chandran, owner, Terrafirma Developers. He also added that Hebbal has seen 15 percent to 20 percent offtake by investors. Hebbal in Bangalore is showing strong real estate movement for those looking for high-end luxury property, reports Anshul Dhamija of TNN. Now, the question arises- why Hebbal? Basically, you are targeting the second-home buyer who can't afford to buy on Palace Road or in Sadashivanagar or in any of the other central locations, according to Cherag Ramakrishnan, CEO, Equinox Realty. The same group is coming up with luxury residential unit called Waters Edge, close to Manyata Embassy Business Park. Other groups who have launched their residential projects in the same locality includes Equinox, Mantri Developers, G:Corp, and Karle.
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Reader's comments(1)
1: Reaching white filed take only 3hrs from Volvo bus, and fare will be only 110 rupees
Posted by:santu - 28 Apr, 2014

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