Bangalore Real Estate : Find out what makes this city click

The Bangalore real estate market has always been considered an attractive investment opportunity and offers fantastic spaces for people to live in. With an abundance of lakes and green spaces integrated with a cosmopolitan feel, the ‘Silicon Valley of India’ always manages to charm its residents.

Moreover, the booming establishment of start-ups and IT hubs that demand more workforce is the spearheading reason for expansion in real estate. Thereby, it’s opening up ample opportunities for you to invest in some of the best locations in Bangalore.

An Economic Times article predicted that Bangalore is likely to be at the forefront of India’s real estate recovery following the pandemic. This Indian real estate market forecast has been attributed to the record low home loan interest rates made available to encourage investments and kickstart India’s economy.

So, if you are considering investing in the Bangalore real estate market, you have arrived on the right page!

We at New Property Details have seen the massive potential this city has and have curated this blog to provide you with information on the real estate market in Bangalore.

Why Invest in the Bangalore Real Estate Market?

For those of you who are still wondering why you should invest with real estate developers in Bangalore, here is a quote, “history repeats itself”!

According to an article published by the Bangalore Mirror Bureau, more than 77,000 residential units were sold within just the first three quarters (from Jan to Sep 2021) which led to a 47% increase compared to 2020. Moreover, the launch of 93,000 new additional units in 2021 exhibited a 38% increase compared to the previous year.

Shows a pattern suggesting a higher growth in 2022, right? Now, let’s concrete our speculations with actual facts from 2022.

According to a report published by 99acres.com, despite scares from the third wave of the COVID pandemic, the Bangalore real estate market still witnessed increasing sales of house units (14,000) which suggests an estimated annual growth of more than 30%!

If you are still apprehensive about investing in the Bangalore real estate market, read along to find out what you might be missing on!

Opportunities to Invest in the North and South Bangalore Real Estate Markets

Being a harbour to start-ups and entrepreneurship, Bangalore has an influx of numerous professionals from almost every service sector indicating only an increase in real estate ventures. 

The Indian real estate market forecasts that Bangalore is likely to experience a steady property appreciation, making real estate a safe asset to invest in. If you are confused about finding the right location for your dream home, let’s have a look at some of the best locations in Bangalore!

Investment Opportunities in The North Bangalore Real Estate Market

Hebbal

With unique and posh infrastructures, Hebbal serves as a prime location for you to invest in North Bangalore.

Why should you invest here?

• Reasonable proximity to the domestic airport (20 km).
• Well-integrated with transportation services.
• The Hebbal and Nagavara lakes offer a self-sustaining ecosystem and also add greenery to the environment.
• Bellary Road has little traffic compared to other locations; thanks to the massive 8-lane design it incorporates.
• IT sectors and other employment zones like Manyata Tech Park and Business Parks in the vicinity provide prospects for renting your property.
• Top-tier hospitals like Baptist and Columbia Asia are within easily reachable distance.

Devanahalli

The biggest USP of investing in the Devanahalli – North Bangalore real estate market is that you can conveniently avoid the infamous ‘Bangalore City Traffic’. While speculations of multi-billion-dollar investments have started making huge splashes even in the Bangalore real estate news, numerous investors have already moved in to book plots in this locality.

Why should you invest here?

• Numerous billion-dollar projects have been initiated over 413 acres of land in the vicinity of the airport (5 km away).
• Enhanced connectivity with the completion of the Satellite Ring Road.
• It is close to the largest IT region in India that houses tech giants like Wipro, Shell, TCS, etc. says Valuepersqft. Thereby, offering ample reserves in terms of prospective tenants, posh locality and job opportunities as well.

Yelahanka

Yelahanka offers ample investment opportunities to not just big players but even those with a lid on their budgets. That’s right! The availability of vast undeveloped lands made way for upcoming projects for luxurious yet affordable accommodations. Hence, buying a plot here could bring you a nice chunk of ROI.

Why should you invest here?

• Close proximity to the Kempegowda International Airport (20 km).
• Educational institutes like BMS Institute of Technology, Ryan International School and Delhi Public School offer prospective tenants.
• Integrated connectivity with the rest of the city thanks to the High-Speed Rail Link, metro line and the Ring Road.
• Allalasandra and Puttenahalli lakes provide additional ambience and a self-sustaining ecosystem.

Now that you have been through the top locations in the North, let us go through some of the best real estate investment opportunities in the South!

South Bangalore Real Estate Market and Investment Opportunities

Sarjapur Road

Sarjapur Road is developing extensively thanks to numerous upcoming projects and improved connectivity to local commercial hubs like Koramangala, HSR Layout and Bannerghatta.

Why should you invest here?

• Amazing connectivity with major commercial hubs through the Outer Ring Road, Hosur Road and the NICE Road which connect Sarjapur to almost every major commercial hub in Bangalore.
• Close proximity to international educational institutions (Indus International School, Silver Oaks International School) and premium hospitals and healthcare units (Dr Levine Memorial Hospital, Motherhood Hospital and Apollo Hospital).
• Connected to numerous malls (Garuda Mall, Forum Mall and Market Square) and entertainment centres.

Electronic City

Electronic City houses several large MNCs and has thus seen a boost in residential development. The neighbourhood is well-connected, with quick access to Silk Board, Bannerghatta, and NICE Road.

Why should you invest here?

• High return on investment with rental prices increasing by 14.95% over the last year.
• Its proximity to excellent educational facilities (such as NIIT, PESIT and Azim Premji University).
• Civic amenities in the vicinity (such as Neo Mall and Spencer’s HyperMart).
• IT hubs with major companies like Tata Power and GE Power open up job opportunities. Hence, it also has become a spot for the expanding residential establishments.
• Affordable PGs and housing colonies like Stanza Living, Stay Abode, Nest Away, etc. are available in the vicinity.

There you have it! We hope you found this analysis of Bangalore’s real estate market helpful and can identify the best locations in Bangalore for your choice of investment.

You can also visit New Property Details to find out more about properties in different sections of Bangalore.

New Property Details offers a wide range of homes located in several prime locations. As one of the top real estate developers in Bangalore, we believe that it is our responsibility to offer you the best possible investment opportunities.

Navigating the world of real estate can be as thrilling as it is complex. From the latest market trends to tips on securing the perfect home loan, our blog aims to demystify the process, offering insightful articles that cater to first-time buyers and seasoned investors alike. Whether you're exploring upscale urban developments or charming suburban neighborhoods, stay informed and inspired with our curated content, designed to help you make informed decisions in your real estate journey.