The IT mecca of India – Bengaluru (Bangalore), is an excellent avenue for real estate investors. Not only does it provide a sound annual appreciation on total property value, but it also assures a substantial rental income. The IT and ITeS sector in the city keeps driving the real estate demand.
Therefore, buying property in Bangalore is a great idea for individuals looking for stable investments in both the short and long term. But, this is a big city with many localities. So, where should you invest?
10 Best Places to Buy Property in Bangalore
Whether you’re looking for your dream family home or want to invest in a property for appreciation and rental income, here are 10 localities you must check out in Bangalore.
1. Yelahanka
Close to the Kempegowda International Airport, yet not too far from the centre, Yelahanka has become one of the top spots for buying property in Bangalore. Thanks to these two qualities, many IT companies have secured offices here, hiking demand for residential real estate.
Yelahanka boasts broad and paved roads, modern housing schemes and excellent air, rail and road connectivity, which has ushered in several real estate investors. Since this neighbourhood has parts under development, the land cost here is lower compared to many other areas of Bangalore.
2. Kengeri
Developing as a real estate hub, Kengeri boasts excellent connectivity and industrial development. It already has many commercial and residential spaces that investors can purchase. Other popular neighbourhoods like Mysore Road, ORR, Pleasant road, etc., are pretty close.
Even with good quality construction and smooth connectivity, the average property price in Kengeri is Rs. 5,451 per square foot. This makes it a sought-after sport for buying property in Bangalore.
3. Whitefield
Anybody who has spent a short amount of time in Bangalore knows of this neighbourhood. It is a well-established locality with top-quality construction. You will find both ready-to-move homes as well as construction-linked plans here.
If you’re investing in Bangalore for rental income, seriously consider Whitefield. It boasts the best connectivity to the city's major IT parks like the Bagmane Technology Centre, ITPL Tech Parks, etc.
4. Hebbal
The area near Hebbal Lake in North Bangalore is often considered tranquil. Perhaps, this is why it has attracted some of the grandest residential developments in the city. If opulence is one of your primary goals behind investing in Bangalore, consider this locality.
Here, you will also find easy access to Manyata Tech Park, reputable schools, colleges, retail outlets and malls. This area is also close to the city’s international airport.
Additional Read: Home Loan in Bangalore
5. Sarjapur Road
Sarjapur Road is strategically connected to Electronics City and HSR Layout – two important IT and business hubs of Bangalore. This has led to significant growth in this neighbourhood. Some of the poshest real estate developments have popped up as a result of many IT firms present in and around Sarjapur Road.
All of this has started to drive up prices in this area. Therefore, investing in Bangalore makes sense if you throw Sarjapur Road into the mix.
6. Electronic City
Nestled away in Southern Bangalore, Electronic City sees a rapid increase in residential infrastructure. This is a direct result of the various IT parks that house corporations like Dell, HP, Wipro, Infosys, and BHEL, among others.
Needless to say, Electronic City is a top choice for several IT professionals from all over the country. If you want a real estate investment in Bangalore near the right offices, schools, malls and hospitals, try Electronic City.
7. Kanakpura Road
Connected to the city’s key roads like Mysore Road, Old Madras Road, Tumkur Road and Hosur Road, it is a popular area for real estate investment in Bangalore. In addition to several new offices and residential properties developing here, Kanakpura Road also boasts proximity to the metro line.
Add to it; this area is also close to eminent educational institutions. Due to such benefits, real estate investments in this area can result in significant appreciation.
8. BTM Layout
With a variety of top-quality residential spaces and close proximity to popular areas like Koramangala, Bannerghatta Road and HSR layout, BTM layout is a great real estate investment in Bangalore. Since this is a rather old area of Bangalore, it has several independent bungalows and PGs for students and young working professionals.
This area also has a few apartments that are selling at a fast pace. The primary reason behind this is high rental appreciation due to students and young professionals who are more interested in renting, than buying property.
9. Thanisandra
One of the fastest-growing districts of North Bangalore, Thanisandra is a great choice for property investment in Bangalore. This area is well-connected through public transportation, which will further benefit from the impending 72-kilometre Metro’s Phase II, which will pass through here.
Given this locality’s rapid growth pace, proximity to IT parks like the Manyata IT Park and recreation avenues, Thanisandra should be on your list of property investments in Bangalore.
10. Bannerghatta Road
Close to IIM - Bangalore, JP Nagar and BTM Layout, Bannerghatta is a well-placed area for property investment in Bangalore. Even though it is close to many important neighbourhoods, Bannerghatta still has many good properties available for sale.
Conclusion
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23 November 2022
5 mins read
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