Thursday, 21 December 2017

Investing in a prime location or an upcoming locality in Bangalore, which one would you choose?

Embassy Springs Devanahalli Bangalore

Investment in the realty sector is considered as a gem in this subcontinent. It has been this way even in the past and holds goods till date. But the most important factor in deciding about the quantum of investment, the location of the project is what you should focus on.
So, what are the locations which you could invest in? Now, it surely makes sense that you invest in the prime localities of this megacity. But this will surely burn a big hole in your pocket, in terms of investment. So how can you invest in a property and get good returns at the same time without it being in the prime locations of this city?
Well, the answer is simple as it may sound but difficult to understand. “Invest in the outskirts of the city”, For instance New Residential Project in Devanahalli Bangalore, are coming up rampantly and this is what a real-estate advisor would suggest you. But there is more to it, what a buyer can do is basically he/she can invest in some of the key locations of this city. These locations are not exactly the outskirts of this megacity but they are in the vicinity of the IT – hub. Since these localities are in the vicinity of the IT-sectors they will definitely give you good returns. So if budget is a constraint, then it is definitely the best option to opt for. Suburban areas have a relatively better outlook where there are a fair number of choices; options in the nature of land you want to purchase and a diverse pool of developers from which to choose.

So which areas are those?

Firstly, Devenahalli, which houses an air-force base in the vicinity is the next hot-shot locality coming up in the northern sector of the city. Currently, the area has over 150 projects, out of which over 100 are ready to move while few more are going to offer possession in the next few months. Currently, the average price in Yelahanka has witnessed an appreciation of 21% in the last 45 months. Embassy Spring plots in Bangalore will range from 2100 – 5400 Sqft. and will be affordably priced. Additionally 60% dedicated open space will be emphasized so as to allow sufficient amount of sunlight and fresh air to revitalize each and every resident in the morning so that one can fight the day head-on.   
Secondly, Sarjapur Road, another fantastic locality is considered an investors go-to place. Several renowned builders are developing world-class residential developments spanning over the entire locality, bringing this micro market to life after the hit because of the government reforms. While infrastructure development is all set to trigger the pace for realty price movement, the central government has given nod for the construction of Peripheral Ring Road connecting Tumkur Road to Hosur Road via KR Puram, Bellary Road and Sarjapur Road.

Bellary Road

The elevated expressway has made this area promising for investors who are hunting for residential real estate property in Bengaluru. While the number of projects offering affordable flats in Bengaluru in this area is comparatively low, builders are offering plots in Bengaluru and land parcels to investors across the price range. This is a great opportunity for investors looking for good deals in pre-launch projects.

The market is recovering at an impressive rate and there could not have been any better time to invest in the real-estate sector. So why wait when the opportunity is presenting itself in-front of you. Get in touch for availing the best properties at best prices.

No comments:

Post a Comment