5 Best Localities In Bangalore For Property Investment
A common question every realtor would have to deal with is, which are the best localities in Bangalore for property investment. Yes, you could filter out these requirements based on the end goal and budget. But if you were to stir the initial round of inquisitiveness & interest in your prospect, I suppose the following would be few good options, to begin with.
Best Localities In Bangalore For Property Investment
Hebbal (North Bangalore)
The Hebbal real estate market has grown considerably in the past few years. And makes for one of my top Property Investment localities in Bangalore. While many would feel this area has reached a saturation point as far as the prices are concerned, Hebbal and its surroundings (Near Manyata Tech Park, Thanisandra, Sahakarnagar, Jakkur, Jalahalli) still has the potential for a northward trend. Demand has risen fast for flats in Hebbal and the area is now more cosmopolitan than before.
9 million sq.ft of commercial space has already been taken up by leading developers. This includes IT SEZ and several other commercial establishments. BIAL also has a major developmental plan for the area, which will be implemented soon. With close proximity to the airport, city center and not to mention a number of IT/ITES establishments around, the demand for properties is bound to continue.
Whitefield (East Bangalore)
If you were to consider a mid-range project, between Rs. 35 L to 45 L, and hope to get all the amenities, i.e., a clubhouse, swimming pool, gym, play area, round the clock security, generator backup, large open spaces, then one would surely have to consider Whitefield towards Bangalore East. Whitefield did see a dip in requirement in mid-2017. Ever since the Bangalore Metro operation has started in full steam, and with the hope of better connectivity, Whitefield has seen a very good demand since mid-2018.
The rising demand for real estate here is driven by the IT/ ITES hubs (ITPL, EPIP & many more) in and around the locality attracting a huge workforce. Whitefield is in all sense a satellite town. With the best in educational institutions such as Deens Academy, Vibgyor High School, Maple Bear Canadian School, Whitefield Global School, etc., to the best hospitals such as Columbia Asia, Manipal, Vydehi, Narayana Multispeciality, etc., to the best in shopping malls such as Prestige Forum Value Mall, Inorbit Mall, Phoenix Mall, etc, Whitefield has everything and more for a self-sufficient satellite town.
Electronic City (South Bangalore)
Electronic City is one of those evergreen areas in Bangalore. There has always been a steady demand for properties in this belt. Spanning from HSR Layout, Silk Board junction, to Bommanahalli to Electronic City (Phase 1 & Phase 2), Jigani, Anekal, Chandapura to Attibele. The general trend here has been for affordable housing since early 2000. Plotted development projects started at close to Rs. 200 per sq.ft around 2003-2004. Today these properties demand anywhere between Rs. 3500 to 4500 per sq.ft.
Needless to say, the close proximity to all the major IT hubs, city center, excellent connectivity and now, the Bangalore Metro work which is also in full swing, has all collectively helped with the steady flow of demand in this area. I personally have been involved in the exclusive marketing of two apartment projects in this area between 2012 and 2016. The price range between Rs. 9 L to Rs. 1.50 CR. And we did manage to sell out these two huge projects in record time, with minimal advertising. Being in the heart of Electronic City Phase – 1 did help the cause.
Yelahanka (North Bangalore)
If you were to consider a decent configuration 2BHK (1200 to 1400 sq.ft), from a reputed developer, en route the Kempegowda International Airport, i.e., Bellary Road, Hebbal, Jakkur, etc., you must be ready to shell out anywhere from Rs. 90 L onwards. With the most premium builders having marked their stronghold in this vicinity (up to Nandi Hills with the Prestige Golfshire), it’s but obvious that the prices would be on the higher end of the spectrum. So then, what is the next option? Where can I look at properties in the range of Rs. 35 L to Rs. 60 L? Yelahanka is our option.
Yelahanka was initially considered as Bangalore outskirts. With the availability of vast open land, a number of manufacturing industries, PSUs, Govt. establishments were set up here. Since early 2000, there has been a steady rise in real estate demand. With the talks of the Kempegowda International Airport taking shape, the demand saw a sudden rise. Soon residential projects were launching across Yelahanka and New Yelahanka Town. From leading builders like Prestige, Puravankara, Provident, Shriram, RMZ, NCC, etc., you have a range of options here starting from Rs. 35 ~ 40 L onwards.
Sarjapur (South Bangalore)
Sarjapur and its surrounding areas (Marathahalli, Bellandur, HSR Layout) is yet another hot belt for property investments. The demand has been strong since the early 2000s. Major IT/ ITES Tech Parks, SEZs, etc., have all commenced operations here. The WIPRO corporate office is bang on Sarjapur Road. Infosys is to set up a software development center at Sarjapur road. Eventually, road, water, electricity will improve. The Azim Premji university is another add on to this highly popular area. You also have some of the best International schools like Indus International School, The International School Bangalore (TISB), Oakridge International School, Inventure Academy, Greenwood High International School, etc.
From ready to move-in projects to under construction, there is an array of projects that one can consider. The price ranges from Rs. 50 L onwards for a 2 BHK unit.
Areas such as Sarjapur and Yelahanka to some extent has reported water issues. While I personally know of a few projects that have been depending on water tankers from day one, it will be advised to do reiki of the area & project before investing in.
I hope the above gives a rough indication of the ideal locations from property investments in Bangalore. The above neighborhoods, being close to IT Hubs, offer a good rental proposition as well. As always, I am here to help you with your real estate requirements. If you do like this post, please do comment below. Your feedback is highly appreciated.