Why Buying a Home In These Bangalore Localities Is A Good Investment Decision?

New apartment and villa project launches are common all through the year. While giving us a lot of options to choose from, as a buyer it also puts us in a conundrum. Some of the questions that cross our minds while evaluating include — at’s the total budget?

• How is the neighborhood?

• How far from my office?

• Where in Bangalore?

To have a smarter approach towards property investments in Bangalore, it is vital to know which are the best places to invest in. Below, we have mentioned a few options where you can probably invest your money.

Whitefield

Whitefield is one of the most prominent IT hubs situated on the eastern periphery of Bengaluru. Several well-known builders have invested in the locality, boasting of spacious and world-class apartments. It is comprised of a mix of completed as well as under-construction projects.

The price trend of Whitefield provides a very good hint to the investors in the direction where the property trend in Bangalore is moving.

Property Rates and Pricing Data

• No. of Properties listed in Magicbricks: 2885 (for sale) and 2239 (for rent)
• Average Price Rate: 5,160 /sq ft (Buy price) and 21,100 per month (Rent price)
• Number of localities in Whitefield is showing an upward trend
• Property Type (For Sale): 69 % Apartment, 17 % Villa, 7 % Residential Plot and 7 % others.
• Room Configuration (For Sale): 45% 3BHK, 35% 2BHK, 16% 4BHK and 4% others.

(Sources: https://bit.ly/3iYa4q9 / https://bit.ly/2QbwxDI)

Reason to invest:

• Excellent connectivity to Kempegowda International Airport (at a distance of 49 km) via SH 104.
• The nearest railway station is Hoodi at a distance of 3.5 km

Employment hubs nearby:

ITPL, Prestige Shantiniketan, GR Tech Park, Bhoruka Park and reputed IT companies like TCS and IBM.

Future Prospect:

There is a proposed metro-line in the locality connecting as many as 36 stations extending from Kengeri in West Bangalore to Kadugodi in East Bangalore.

Social Infrastructure:

• Schools and Colleges: The Deans Academy, National Public School, International College of Management Studies and MVJ College of Engineering
• Hospitals: Manipal Hospital, Cloudnine Hospital, and Columbia Asia Hospital
• Restaurants and Hotels: Absolute Barbeques and The Irish House
• Malls: Inorbit Mall, Forum Shantiniketan Mall, Phoenix Marketcity and VR Mall

Marathahalli

Marathahalli is one of the well-known corporate hubs and a well-developed residential suburb in the eastern part of Bangalore. It is easily connected to other prominent localities like Whitefield, HAL, KR Puram, Electronic City, and Banashankari.

The price of properties in Marathahalli has increased in the last few years and the expensive price of properties in Marathahalli is priced at around Rs. 5-10 cr. 

Property Rates and Pricing Data

• No. of Properties listed in Magicbricks: 351 (for sale) and 865 (for rent)
• Average Price Rate: 5,480 /sq ft (Buy price) and 20,000 per month (Rent price)
• Property Type (For Sale): 74% Apartment, 9% Residential House, 5% Residential Plot and 12% others.
• Room Configuration (For Sale): 40% 3BHK, 42% 2BHK, 8% 4BHK and 10% others.

(Sources: https://bit.ly/2YkWGoi / https://bit.ly/2QfD6VL)

Reason to invest:

• The signal-free ORR offers excellent connectivity.
• NH-7 and ITPL Road are easily accessible.

Employment hubs nearby:

Embassy Tech Village, RMZ Ecospace, Prestige Tech Park, Cessna Business Park, and Salarpuria Hallmark

Future Prospect:

Marathahalli is fast becoming an ideal investment destination for IT employees.

Social Infrastructure:

• Schools and Colleges: VIBGYOR High School, Ryan International School
• Hospitals: Sakra World Hospital and Medihope Super Specialty Hospital
• Restaurants and Hotels: Radisson Blu, The Big Barbeque and Flechazo
• Malls: Inorbit Mall and Soul Space Arena Mall

Sarjapura

Located in the eastern side of Bangalore, Sarjapur is a fast-developing locality with excellent road connectivity to prominent IT hubs like Marathahalli, Whitefield and Electronic City. Availability of completed and under construction residential apartments and its excellent proximity make it an ideal investment destination. It is also close to important suburbs like HSR Layout, BTM Layout, and Koramangala. Buyers mostly look-out for villas at this locality as compared to the apartments. You can check our villa projects – NVT Mystic Garden and NVT Arcot Vaksana.

The property rates in Sarjapur, Bangalore keeps changing year after year.

Property Rates and Pricing Data

Sarjapur

• No. of Properties listed in Magicbricks: 343 (for sale) and 105 (for rent)
• The expensive property is priced at around Rs 1-5 cr.
• Property Type (For Sale): 39% Apartment, 20% Villa, 36% Residential Plot and 5% others.
• Room Configuration (For Sale): 44% 3BHK, 27% 2BHK, 24% 4BHK and 5% others.

Sarjapur Road

• No. of Properties listed in Magicbricks: 2944 (for sale) and 1855 (for rent)
• Average Price Rate: 4,980 /sq ft (Buy price) and 21,900 per month (Rent price)
• The expensive property is priced at around Rs 1-5 cr.
• Property Type (For Sale): 64% Apartment, 13% Villa, 18% Residential Plot and 5% others.
• Room Configuration (For Sale): 50% 3BHK, 32% 2BHK, 14% 4BHK and 4% others.

(Sources: https://bit.ly/3aGZWiA / https://bit.ly/31cfp74 / https://bit.ly/3gaZYQV)

Reason to invest:

• The area is connected to NH-4 and NH-207
• Well-connected through Outer Ring Road.
• Carmelaram Bus Station and Carmelaram Railway Station are reachable within 25 to 30 minutes via Sarjapur Main Road.
• Excellent access to BMTC buses.

Employment hubs nearby:

Wipro Technology Campus, Pritech Park SEZ, RMZ Ecoworld, RGA Tech Park, Global Technology Park and the planned campus of Infosys.

Future Prospect:

Upcoming metro connectivity via Line-3 (RV Road-Bommasandra) and Phase 2A (Silk Board-KR Puram).

Social Infrastructure:

• Schools and Colleges: Delhi Public School, Indus International School, and ISME
• Hospitals: Doctor Levine Memorial Hospital and Motherhood Hospital
• Restaurants and Hotels: Byg Brewski Brewing Company and Zoey’s
• Malls: Food City HyperMart, Market Square Mall

Electronic City

Electronic City is an information technology hub in Bangalore and is one of India’s largest IT industrial parks, spread over 800 acres. The zone is based on the top corporates as it has many IT parks in and around the locality, making it a preferred choice for the working population. The locality is situated close to other prominent areas like HSR Layout, Bommanahalli, Harlur, and Bommasandra Industrial Area.

The property rates in Electronic City keep changing each year. While the prices of residential properties of both Phase 1 and Phase 2 differ, one can effortlessly find an affordable home for as low as 15-20 lakhs. 

Property Rates and Pricing Data

Electronic City Phase 1

• No. of Properties listed in Magicbricks: 656 (for sale) and 409 (for rent)
• The most expensive property is priced at around Rs. 1-5.00 cr
• Average Price Rate: 3,750 /sq ft (Buy price) and 15,600 per month (Rent price)
• The Electronic City Phase 1 has shown an up-trend in the last six months
  Property Type (For Sale): 71% Apartment, 6% Villa, 13% Residential Plot and 10% others.
• Room Configuration (For Sale): 33% 3BHK, 58% 2BHK, 5% 1BHK and 4% others.

Electronic City Phase 2

• No. of Properties listed in Magicbricks: 481 (for sale) and 165 (for rent)
• Property Type (For Sale): 84% Apartment, 8% Residential Plot, 3% Residential House and 5% others.
• Room Configuration (For Sale): 42% 3BHK, 50% 2BHK, 3% 1BHK and 5% others.

(Sources: https://bit.ly/31ahNeL / https://bit.ly/3l0pJXR / https://bit.ly/3iXRe2k)

Reason to invest:

• Electronics City has an elevated four-lane Expressway which connects the Silk board.

• Well-connected via Hosur Road, Electronic City Flyover and NICE Ring Road

Employment hubs nearby:

Velankani Tech Park, Fortuna Tech Park, Salarpuria Infozone, and reputed multinational and IT companies such as Seimens, Velankani, Samsung and Infosys.

Future Prospect:

Metro rail from RV Road to Bommasandra and the upcoming Peripheral Ring Road will also improve traffic levels considerably.

Social Infrastructure:

• Schools and Colleges: Delhi Public School, Sorsfort International School, St.Francis De Sales College and PES Institute of Technology
• Hospitals: Springleaf Hospital and Vimalalaya Hospital
• Restaurants and Hotels: Byg Brewski Brewing Company and Zoey’s
• Malls: Mahindra Millennium Mall and NeoMall

Hebbal

Hebbal in North Bangalore is placed along the Bellary Road and surrounded by RT Nagar, Nagawara, and Thanisandra. The locality has a combination of high-rise and mid-rise apartments. It has several completed and ongoing projects of prominent developers.

The property rates in Hebbal keeps changing year after year and has shown an up-trend in the last six months.

Property Rates and Pricing Data

• No. of Properties listed in Magicbricks: 766 (for sale) and 794 (for rent)
• Average Price Rate: 6,180 /sq ft (Buy price) and 17,200 per month (Rent price)
• The most expensive property listed is priced at around Rs. 5-10 cr.
• Property Type (For Sale): 77% Apartment, 9% Residential House, 6% Residential Plot and 8% others.
• Room Configuration (For Sale): 47% 3BHK, 24% 2BHK, 21% 4BHK and 8% others.

(Sources: https://bit.ly/3aF1kCm / https://bit.ly/2YfuCSY)

Reason to invest:

• 20 Kms distance to Kempegowda International Airport through NH7
• Krantivira Sangolli Rayanna Railway Station is at a distance of only 11 km

Employment hubs nearby:

Manyata Tech Park, Manyata Embassy Business Park, and Kirloskar Business Park.

Future Prospect:

• Phase 2 of the Namma Metro is likely to run through Hebbal from Silk Board.
• The 8 lane Bellary Road is likely to decongest the heavy traffic.

Social Infrastructure:

• Schools and Colleges: Jain Heritage School, Vidya Niketan School, and Sindhi College
• Hospitals: Bangalore Baptist Hospital, Columbia Asia Hospital Hebbal, and Aster CMI Hospital.
• Restaurants and Hotels: Swizzle, The Hebbal Café, and Flyover Drinkery
• Malls: Elements Mall and Esteem Mall

Conclusion

The real estate industry in Bangalore is rapidly evolving every year. The implementation of new rules in the real-estate sector has also not impacted much on the increasing demands of properties in Bangalore. Consequently, it is clear that this sector in Bangalore is going to be in demand post-COVID era.