Best Places to Invest in Bangalore in 2021
Bangalore is home to a large migrant population. People migrate to Bangalore in the hope of good employment, better living standards, a modernized lifestyle, etc. Bangalore has also in the past few years witnessed immense growth in economics, infrastructure, and connectivity. The demand for properties in Bangalore has risen with the development in the IT sector and manufacturing industries along with housing unit facilities that cater to the needs of different income segments. People from different parts of the world have started settling in Bangalore due to the diverse career options and living standards.
Bangalore has been recognized as one of the ideal locations for real estate investment for NRIs along with cities like Pune, Hyderabad, and Mumbai. The real estate investment comes with a sound prospect in terms of the rental returns on the property and also the price appreciation. Let’s further see where to invest in Bangalore.
Regions such as Hebbal, Devanahalli, Yelahanka, and Hennur Road have been recognized as the creamy areas of North Bangalore as it offers buyers and investors with a variety of projects which match their requirements. The area is also very well connected with elevated expressways, metro routes, flyovers connecting Outer Ring Road, NH-7, Peripheral Ring Road, and the local buses. The largest IT belt in Northern Bangalore is the Manyata Tech Park. Let’s see some of the best locations in north Bangalore for investment.
It is considered one of the prime locations in North Bangalore as it is located along Hebbal Lake and Nagavara Lake. The properties in Hebbal are surrounded by beautiful serene and impressive infrastructure. It is an ideal location for luxurious real estate properties.
The presence of Manyata Tech Park has opened up several employment opportunities in Hebbal and thus attracting several individuals to move in search of better job opportunities. The presence of good schools, colleges, and shopping malls are some of the added benefits of investing in Hebbal. Its proximity to the airport is another USP of Hebbal.
Yelahanka is a great location for commercial investment as it is known for its manufacturing industries. It also has a sprouting IT industry and thus attracts several professionals to it. It is also one of the fastest-growing regions of North Bangalore and offers high returns. The easy access to better educational schools and institutions along with the best healthcare facilities are some other reasons why you should invest in Yelahanka.
If you are looking for a place in Bangalore that offers you a blended version of the old and new Bangalore, then south Bangalore is the perfect option for you. BTM Layout, Silk Board signal, Bannerghatta Road, Jayanagar, JP Nagar, etc., are some of the most famous locations in south Bangalore for realty investments as it offers investors with an entirely different outlook of Bangalore in comparison to the rest of Bangalore. It hosts several educational institutions, multinational companies, and recreational facilities. Listed below are some of the top localities in southern Bangalore for realty investments.
The Electronic City is one of the top choices for realty investments for both commercials as well as residential investors. It is a zone that hosts several top corporates and numerous IT parks. This thus makes it an ideal location for the working population. Residential properties are also available in the Electronic City at a minimum price of Rs. 15-25 Lakhs. Wipro, HP, BHEL, Infosys are some of the top commercial players of Electronic City.
Sarjapur Road is also a hotspot for realty investments as it is surrounded by prime locations like Electronic City, Whitefield, and Koramangala. The fact that it homes a variety of educational and healthcare institutions along with top commercial players such as Wipro makes it an ideal location for investments as they guarantee the further growth and development of that region. There are also several residential property projects which have been launched in Sarjapur Road to meet the growing demand for residential real estate properties.
Several investors have voted east Bangalore to be a top location in Bangalore for investment as it offers individuals a perfect mix of better employment opportunities and also a peaceful living environment. East Bangalore hosts several companies such as ITPL Tech Park, TCS, Volvo, SAP, IBM, etc. for its working population. The main theme for residential properties in east Bangalore is comfortable, classy, and convenient.
Whitefield is a location in East Bangalore that provides you with a better or higher standard of living as it has several well-established corporates and residential projects in it. It also has a plethora of options to choose from for investors as it offers several projects in different segments which makes it an ideal location for investment by all classes. Whitefield is also located in Bangalore which is very well connected as it has purple metro rails, train services, and bridges. Some of the Top IT parks in Whitefield include ITPL Tech Park and Bagmane Technology Centre. It also has several recreational destinations such as Phoenix Market city, VR Bengaluru, Forum Shantiniketan, Inorbit Mall, Park Square Mall, etc.
Nayandahalli is a location that comes with great connectivity through its metro services and better career options due to the presence of top business centers in the region. It is also a promising locality as it is proximate to significant destinations such as Indiranagar.
Bangalore is one of the most ideal locations for commercial and residential investment due to factors such as better employment, better standard of living, better education, health care, and recreational facilities. The difficult question in investing in Bangalore is where to invest as each and every location in Bangalore are either undergoing rapid development or is developed as it hosts one or more IT giants. Listed above are just a few of the top localities in Bangalore for realty investments.
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Best Places to Invest in Bangalore in 2021 FAQ's:
Some of the best locations to invest in Bangalore includes Hebbal, Yelahanka, electronic city, Whitefield, Sarjapur road, etc.
The real estate market in Bangalore is booming due to the presence of IT giants. They attract a large number of professionals looking for a better job opportunity and a better standard of living. The office space absorption in Bangalore is about 50 sq. ft. This has also led to increasing demand for commercial properties as well.
Yes, it is a good time to invest in Bangalore. The pandemic has led to the reduction in stamp duty, property price, and also the builders providing discounts. Thus it is the right time to invest in Bangalore real estate now.