Aptly referred to as the Silicon Valley of India, Bangalore has witnessed a massive real estate boom because of the IT explosion in the city. The property market is fast seeping into the outskirts of the city, making them the next hot destination to invest in. If you are a first time home buyer planning to buy a property in Bangalore, then the outskirts of the city need to top your list of site visits. Here’s why.
North Bangalore is one of the most-preferred investment options in Bangalore with top destinations like Whitefield, Hebbal and Devanahalli located at close proximity to Bengaluru International Airport. You can enjoy excellent connectivity through the proposed Phase 2 Bangalore Metro Rail and the arterial roads of NH-7 highway and the Peripheral Ring Road (PRR). Additionally, the widening of Bellary Road and the elevated expressway are guaranteed to make all the major hubs of the city accessible.
Variety of projects
Due to its fast appreciating rates, the outskirts of Bangalore are peppered with the best in class luxurious projects with mind-blowing amenities and facilities. From residential apartments and villas to commercial developments, you can choose your investment as per your long-term goals and objectives. For instance, Brigade Orchards situated in Devanahalli is a 130-acre smart township offering luxury apartments, pavilion villas and retirement homes. Brigade Caladium, located in Hebbal, is a premium property with posh 3 and 4 BHK apartments that are designed and developed with world-class architecture and technology. Furthermore, Brigade Lakefront situated in Whitefield is a top-notch gated-community with a host of amenities and facilities.
Location is everything when it comes to real estate and investing in the fast-developing outskirt localities is your best bet to get guaranteed returns. With top IT hubs and industrial stretches located in the suburbs of Bangalore, a large chunk of the working population of the city is creating a demand for houses here, leading to a high rental income for homeowners. Few of the top IT parks and SEZs in the outskirts of Bangalore include Bangalore Aerospace SEZ, Devanahalli Business Park and International Tech Park. To add to this, investing in the urban parts of the city may not lead to high returns due to the scarcity of land, limited list of properties to choose from and unaffordable property prices. The outskirts, on the other hand, offer these benefits and much more, making it the ideal investment.
With Bangalore International Airport located in the outskirts of North Bangalore, the neighbouring suburban regions have witnessed excellent growth in terms of social infrastructure. Top locations, like the burgeoning region of Whitefield, are planned as a satellite town providing all the top civic amenities and facilities that complement urban living. Additionally, these regions are dotted with a generous dose of top educational institutes, hospitals, malls and family entertainment zones that have played a major role in contributing to the social infrastructure of the locality.
Since the outskirts are areas that are still under development, they offer a wide range of luxurious projects at affordable prices. The properties are bigger, better and lighter on the pocket, making it an ideal investment at rates that are fast-appreciating. You can also invest in many upcoming and newly-launched projects and enjoy tax benefits while the project and the locality develop and multiply your returns.
It is important to remember that all the prime regions of the city were once a developing locality. The main factors that transform a suburban locality to a well-established one are - connectivity, fast-appreciation, close proximity to leading organisations and good social infrastructure. Invest in a neighbourhood which shows all these signs to make a smart investment. Additionally, apart from being close to many IT parks and tech zones, the outskirts are where home buyers can benefit from a wide range of job opportunities, giving your life the jumpstart it deserves. They also provide a quieter and more peaceful environment to live in, with lesser traffic, pollution and noise.
With so many advantages and benefits, it is safe to say that investing in the outskirts of Bangalore is a great idea, whether you are a first time home buyer or an experienced investor. Visit the Brigade Group today for luxurious developments in the top residential areas of Bangalore, Mysore and other top cities of the nation.