Like any other urban city, Bangalore real estate is also undergoing a rapid expansion. Many new property markets have come up in the recent past. As the core of the city continues to reel under pressing of growing population and crumbling infrastructure, the attention is diverting to suburb locations too. Besides, there are some areas which have seen rapid commercial and social infrastructure development. All the new localities offer spacious apartments and quality real estate investment options.
We discuss five upcoming locations in Bangalore.
Nayandahalli
Nayandahalli enjoys a special status in the real estate market of Bangalore today. The locality has metro connectivity to commute to the office and reach different parts of the city. After metro, the property sale has seen a decent growth in the area. A buyer can purchase a flat at an average price of Rs 5,000 per sq ft. A gated society in Nayandahalli offers modern amenities and facilities adjoining the residential area.
Sarjapur Road
Rampant construction activities have been witnessed in Sarjapur Road in the recent past. The locality offers ample space for IT companies to venture in and set up offices in the area. There are many apartments and flats to buy in Sarhapur Road which cost less than 60 lakh. Besides, the big advantage of investing a futuristic location, where corporate are expected to establish base, has led to rise in demand. It is also a more affordable option in comparison to buying a home in Whitefield, for example.
Yelahanka
Yelahanka is an area in North Bangalore, away from the hustle and bustle of the city. There are many under-construction properties in Yelahanka as well as vacant lands. There are ready to move in flat options also available in abundance here. In other words, an investor has many options to make a property investment in Yelahanka. The average price is Rs 5,100 per sq ft and a property investment in the area is likely to fetch you good returns in the near future also.
Devanahalli
Devanahalli has seen big infrastructural and developmental changes. It is a suburb location of Bangalore at an exact distance of 34 km away from the central part of the city. Bengaluru International Airport is in close proximity. A significant development through construction of The Bangalore BIAL ITIR, a 12,000-acre IT Investment Region is currently under progress. The average price of buy a residential property here is Rs 4,580 per sq ft.
Varthur
It is a suburb location in East Bangalore and is considered as a part of the famous Whitefield Township. There has been tremendous growth seen in the area because of its proximity to the International Tech Park (ITPB). The expansion of IT companies around Varthur has also led to its rapid development. The Varthur Main Road offers easy connectivity and the Varthur Lake is a major landmark spot. The average price of buy a residential property here is Rs 4,640 per sq ft.