TOP LOCALITIES IN BANGALORE TO INVEST IN REAL ESTATE IN 2018
The rise of multiple growth factors and the new regulations that have been set by the Real Estate Regulatory Authority in India have created a positive scenario for buyers who wish to invest in real estate in 2018. If you are considering a property deal in Bangalore with Nitesh Estates, this list may help you be better aware of the options that are available in the city at present and the ones that would be better for you in the long term. However, let’s have a look at the real estate market specifically in Bangalore.
A look at the real estate scenario in Bangalore
Leading property developers in Bangalore have reported an increase in their operational revenue. It means that the real estate investment in the city is currently a safe bet. Here is a glimpse into the main factors that makes several places in Bangalore as some of the best localities to invest in.
1. Professionalism of builders:
Bangalore reportedly has more professional builders when compared with other cities in India. The property developers in the city, therefore, come across as more reliable and easier to work with. As a result, when you are wondering where to find the best homes in 2018 or if you are an investor seeking commercial properties, Bangalore becomes an encouraging choice. That is the reason why plenty of homebuyers do not hesitate too much when taking the plunge.
2. Better transport routes
The launch of metro routes in Bangalore has further given a boost to its real estate market. In general, the launch of such convenient means of public transport also results in a higher value of property in the surrounding locations. Considering the fact that traffic congestion is one of the pressing problems faced by urban dwellers, a preference for homes near the metro stations is likely to rise. Also, this would also increase the value of property that is already existing near the prime metro stations.
3. Market stability
The real estate market in Bangalore is largely driven by the end user. It has remained stable for a good amount of time. This adds to the list of reasons why it is a good time to buy property in Bangalore.
4. IT and infrastructure
Considering the high density of IT investments and development in the city, the prospects of increasing property value is quite high, answering your dilemma over where to invest in 2018. Higher IT investments and a better urban infrastructure also translates into an increasing number of white collar professionals immigrating for better career prospects in Bangalore.
For individuals and families looking for the best places to invest in 2018, Bangalore’s climate makes it a winner. The city remains pleasant during most of the year and has a lower vulnerability to natural disasters like earthquakes.
6. Broad range of available options
Apart from the apartments available as per varying budgets, Bangalore also has plenty of options in terms of the type and size of properties that you may be interested in. There are affordable housing units, luxurious apartments and ultra-luxurious townships with great connectivity. It is like a complete package that would interest all kinds of investors and prospective homebuyers.
Top 7 Bangalore localities to invest in real estate in 2018
There are several locations in Bangalore that could be promising investments in 2018. Whether you are looking for a family apartment to buy in 2018 or a condo just for yourself, you will find it all in the following locations.
Known for its several defence establishments, Yelahanka has a large area of developing land and has been drawing the attention of developers and investors consistently. With several urban amenities easily available in the area, it has emerged as one of the best localities to invest in.
2. Kanakapura Road
This place is known for its smart residential layouts and land availability. It is very well connected to the rest of the city and also boasts cultural and spiritual activities that happen quite frequently in and around the area. All of this adds to the place’s appeal as one of the hot spots for home investments.
Buying a residential property in Sadashivnagar comes with multiple advantages. Thriving real estate activities in the area are an ongoing phenomenon. In addition to that, the spacious property layouts and the availability of independent houses makes it quite an ideal locality for residential investment in 2018.
Devanhalli has a fast growing residential population that makes it all the more favourable for further development. Multiple proposed development projects and its proximity to the Bangalore International airport make it one o the hottest options available for investors.
5. Hennur Road
Located in the northern part of the city, Hennur Road is equidistant from the airport and the city center. There has been a strong social infrastructural development in the area which affects the property prices significantly.
Considered a long standing hot spot for real estate development in Bangalore, Whitefield is one of your best options to invest in real estate 2018. It is prominently known for its IT projects, infrastructure pipelines and other investor-friendly growth factors that have been an ongoing process since the early 2000s.
There are properties available for all the price segments in Bannerghatta. The locality is well connected to major IT hubs and has witnessed a rise in commercial activity over the recent period of time. There are several office spaces and tech-parks under construction nearby, adding to the value of property in this area.
The Peripheral Ring Road in Bangalore that will connect all major highways has created a promising scenario for homebuyers in the city. The related development promises greater appreciation of homes and apartments in the coming years. Areas like Kanakpura Road and Whitefield have strong potential for ROI when it comes to real estate investments in Bangalore. You can always discuss your options with the professionals at Nitesh Estates to be sure before you invest in real estate in 2018.