Bengaluru 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. The IT ecosystem is also` a fertile environment for many start-ups to flourish. Bengaluru 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 residential and commercial projects in demand.
Some of the best areas to invest in Bangalore are discussed below:
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.
Begur has an important historical and religious significance due to the reign of Western Ganga and Chola dynasties dating 1100 years back. The Nageshwara temple and Begur Fort are the major tourist attractions. In the present times, Begur is emerging as an important residential real estate destination. It is connected to major IT hubs of Bangalore and flats in Begur fall in the affordable segment. The 2 BHK and 3 BHK flats in Begur are the most preferred by buyers and investors.
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.
Located in the south-east 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.
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 are seeing a continuous rise in value over the past few years.