#99acresInsite: 5 best places to invest in Bangalore

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Invest in bangalore

Infrastructure advancements, the augmented supply of affordable housing projects, commercial expansion and investment security have emerged as the prominent demand drivers for the investors’ community in Bangalore, in the recent past. However, price appreciation continues to be the most conventional, yet the most important factor that defines the investment potential of an area. Based on the latest Insite Report (Oct-Dec 2018), here’s a list of the five best places to invest in Bangalore.

The IT-driven city, Bangalore has always been a favourite spot for the investor community and what has monumentally worked in its favour is its robust real estate mechanism. While the reformatory blows such as Demonetisation, Real Estate (Regulation and Development) Act, 2016 (RERA), and Goods and Services Tax (GST) had a significant impact on its realty trading, the property prices across the city stayed well-insulated, against all the odds.

Given the resilient real estate operationalisation, high investment security, along with the ever-expanding commercial segment and corresponding infrastructure growth, Bangalore has become the most coveted market for real estate investors and is witnessing increased traction across zones. Some of the key micro-markets that are top on the investors’ radar include:

Varthur

Located in East Bangalore, Varthur has emerged as a sought-after investment destination for real estate investors. In vicinity to the famous IT hub of Whitefield and key connectivity links such as Sarjapur Road and Outer Ring Road, Varthur offers a host of residential opportunities at affordable rates, triggering the housing demand in the area, particularly from the millennial workforce. The increased popularity has led to a five percent growth in the average weighted capital ‘asks’, QoQ, in Varthur, as per 99acres Insite Report Oct-Dec 2018.

The augmented demand could also be attributed to the additional new supplies in the desired category, i.e. mid-income segment. According to Biswajit, a real estate broker, Bangalore, “With Karnataka RERA in full swing, new housing projects announced by developers are gaining traction from the homebuyer community. Not only these projects are equipped with the latest amenities and features but are relatively affordable, too. While end-users or first-time homebuyers prefer ready-to-move units, investors have shown interest in ongoing projects in potential markets to reap high returns in future.”  

Locality

Average Capital ‘Asks’ (per sq ft)

Average Rental ‘Asks’ (per month)

QoQ Price Movement

Varthur

Rs 4,400

2BHK - Rs 14,000- 16,000

3BHK - Rs 16,000- 20,000

5%

Whitefield

Rs 5,450

2BHK -Rs 15,000- 20,000

3BHK - Rs 21,000- 26,000

0%

Sarjapur Road

Rs 6,000

2BHK -Rs 17,000- 22,000

3BHK - Rs 25,000- 31,000

2%

*Capital and rental values are average of listings posted on 99acres.com

Sahakara Nagar

Along the Bellary Road, Sahakara Nagar lies in the North Bangalore, which is one of the prime real estate zones in the city. The area has emerged as one of the popular housing destinations in the city and captured a five percent hike in the average weighted capital values QoQ, primarily on the back of its proximity to reputed hotels and corporate centres such as Larsen & Toubro Tech Park, Yelahanka, Kempegowda International Airport and numerous lifestyle and entertainment options.

Mano Vikas, Proprietor, SLR Properties, Bangalore avers, “The Bellary Road that stretches from Hebbal to Yelahanka has witnessed significant growth in the residential sector in the last few years. Many reputed developers have forayed in the area and have projects either nearing completion or in the ready-to-move stage which could be a probable reason for improved demand. However, no new residential projects have been announced lately. Also, the ongoing Phoenix Mall project could be another prominent demand driver.” 

Locality

Average Capital ‘Asks’ (per sq ft)

Average Rental ‘Asks’ (per month)

QoQ Price Movement

Sahakara Nagar

Rs 5,652

2BHK - Rs 14,000- 18,000

3BHK - Rs 22,000- 28,000

5%

Hebbal

Rs 7,700

2BHK - Rs 15,000- 19,700

3BHK - Rs 24,000- 32,000

3%

*Capital and rental values are average of listings posted on 99acres.com

Gottigere

In the southern peripheries, abutting the NICE Road, Gottigere has risen to popularity ever since the announcement of the Red Line metro connectivity planned from Gottigere to Nagawara. Ensconced with ample greenery away from the din and dust of the city, Gottigere not only captured investors’ interest but also magnetised end-users attention, particularly working professionals in the industrial hub of Jigani (12 km) and the Electronic City (13 km). Both the micro-markets are easily reachable within 30-40 minutes via NH 48. While these factors were already in place since the last couple of years, the average weighted capital prices in Gottigere have lately recorded an upsurge of four percent, principally due to improved market sentiment. Sellers who were long willing to put their property on sale feel that it is the most opportune time to reap returns from their investment.

Locality

Average Capital ‘Asks’ (per sq ft)

Average Rental ‘Asks’ (per month)

QoQ Price Movement

Gottigere

Rs 4,600

2BHK - Rs 9,000- 12,000

3BHK - Rs 14,000- 17,000

4%

Electronic City

Rs 4,700

2BHK - Rs 14,000- 16,700

3BHK - Rs 17,000- 21,000

2%

*Capital and rental values are average of listings posted on 99acres.com

JP Nagar

JP Nagar is another favoured micro-market that recorded a four percent appreciation in the capital values QoQ. An established housing locale, JP Nagar has perpetually been on the investors’ radar prominently owing to its cosmopolitan profile that caters to both commercial and residential needs of the residents. Besides its proximity to noted areas of the city such as Jayanagar, Banashankari, Bannerghatta Road and BTM Layout has further pushed demand amidst homebuyers.

Locality

Average Capital ‘Asks’ (per sq ft)

Average Rental ‘Asks’ (per month)

QoQ Price Movement

JP Nagar

Rs 5,400

2BHK - Rs 14,000- 17,000

3BHK - Rs 19,000- 22,000

4%

Banashankari

Rs 6,230

2BHK - Rs 13,000- 16,700

3BHK - Rs 19,000- 28,000

4%

BTM Layout

Rs 5,960

2BHK - Rs 17,000- 19,700

3BHK - Rs 31,000- 36,000

3%

*Capital and rental values are average of listings posted on 99acres.com

Banashankari

Banashankari, abbreviated as BSK extends from Kanak pura Road in the East to Mysore Road in the West and offers smooth connectivity to different parts of the city via public transport including Namma Metro. Tapping its real estate potential, many reputed developers have forayed into the area. Presently the area boasts of several housing projects at different stages of construction and equipped with diverse modern amenities, well-catering to the end needs of contemporary buyers. The area enjoys smooth connectivity to the IT hubs in the South which has significantly pushed the real estate evaluations in the locality. The average capital values in Banashankari have reported a four percent growth in Oct-Dec 2018, vis-à-vis Jul-Sep 2018.

Overall, if real estate investment is on your mind, then the markets mentioned above are worth considering. Besides, areas such as Jayanagar, Begur, Basavangudi and Marathahalli have also reported an uptrend in the property prices of 2-3 percent and could be evaluated as per prevailing market condition, infrastructure growth and future potential.

 


Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.


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