Bangalore is the IT capital of the country with a burgeoning IT industry that houses the world’s top IT companies like Wipro, Infosys, and Flipkart. Bangalore also boasts of having one of the best weathers in the country and a social life second to none. All these factors attract the best talent from the country to the city. These professionals, entrepreneurs, and businessmen settling down in the city push the demand for real estate. The property market in Bangalore is constantly evolving based on the demand for residential and commercial projects.
Some of the best areas to invest in Bangalore are discussed below:
1. Whitefield
Whitefield is a well-known IT hub of Bangalore that hosts many IT companies and businesses. The location is well connected to the rest of the city via the Whitefield main road, SH-35, Old Airport Road, Whitefield Railway station, and the upcoming purple metro line. Whitefield boasts many malls, educational institutes, hospitals, hotels, etc. Whitefield is an important location for real estate developers in Bangalore considering the growing demand for residences here.
2. Sarjapur Road
Sarjapur Road has emerged as a significant real estate hotspot due to its proximity to major IT hubs like Electronic City, Whitefield, and Marathahalli. The area is known for its well-planned infrastructure, reputable educational institutions, and vibrant social scene. The ongoing residential developments, including the proposed Peripheral Ring Road, are set to enhance connectivity and boost property values further.
3. Electronic City
Electronic City hosts large IT MNCs that employ thousands of professionals. Its connectivity will be boosted by the upcoming metro rail project to Hosur and the already present elevated expressway. The ongoing influx of people has created many leisure and entertainment options. The location has seen a surge in residential projects as it needs to house the workforce deployed by IT companies. The many options for investment in residential and commercial projects promote Electronic City as a leading destination for investments.
4. Sarjapur Road
Located in the southeast part of Bengaluru, Sarjapur Road is well connected to important IT hubs of Bengaluru. The location also boasts the highest appreciation in real estate investments. The rapid development of ready-to-move-in apartments was fuelled by the significant infrastructure development in this area. Sarjapur Road also hosts the best schools, colleges, cafes, and other entertainment avenues which makes it an ideal location to invest in ongoing residential projects in Bangalore.
5. Hennur Road
Hennur Road is in the northern region of Bengaluru, comparatively closer to the center. It is close to Cantonment station and well connected to all parts of the city by road. Hennur has easy access to some of the best educational institutes and commercial centers in the city. The location is ideal for socializing and known for providing a community experience to its residents. As a result, the location is in demand and set for high growth, especially the residential real estate. The projects in Hennur have seen a continuous rise in value over the past few years.
6. Devanahalli
Devanahalli, known for housing the Kempegowda International Airport, is emerging as a major residential and commercial hub. The area is part of the Bangalore Aerospace Park and the proposed Information Technology Investment Region (ITIR). With several premium residential projects and gated communities, Devanahalli offers excellent investment opportunities with promising future growth prospects.
Investing in Bangalore’s real estate market offers promising returns, thanks to the city’s rapid development and robust infrastructure. Each of these areas has its unique advantages, catering to different preferences and budgets. Whether you’re looking for a luxurious villa or an affordable apartment, Bangalore’s diverse real estate market has something to offer for every investor.