A Glance at Investing in Real Estate in Bangalore
Bangalore is more than a city, it’s a culture which its residents adore. Ever since the inception, Bangalore has been steadily growing and evolving as a cosmopolitan city, meeting sufficient industries and resources making it a great place to live. It is surrounded by favorable weather conditions which makes this city even better.
The people who wish to start their lives in a new country, generally look for places in Bangalore, this leads to a huge demand for both residential and commercial properties. The growing population of the city is able to find fewer places to live, do business, and gain employment. This is especially true for the real estate market which offers several opportunities in financial gain while satisfying this demand.
The purpose of this article is to take a detailed look at various real estate investment opportunities provided by the city of Bangalore and its many advantages.
Table of Contents
- Various Types of Real Estate Investment in Bangalore
- The Most Profitable Locations in Bangalore for Investment
- Final Takeaway
Various Types of Real Estate Investment in Bangalore
Real estate in Bangalore can often be compared to a buffet, because the needs and demands of the people in the city are vast and most are catered to.
1. Residential Properties
Residential options in Bangalore include condos, detached homes, and undeveloped land.
Whitefield is a prime locality of Bangalore self-sufficient in infrastructure and fetches significant demand from the working class for its high standard of living.
Average Sale Prices:
- House – Starting from ₹29,00,000
Amenities:
- Educational Institutions: St. Joseph’s Convent School, Sathya Sai Institute of Higher Medical Sciences
- Healthcare: Narayana Multispeciality Hospital
- Transportation: Whitefield Railway Station
- Shopping Complex: Inorbit Mall, Forum Value Mall
2. Commercial Property Investment in Bangalore
The market dynamics with Business Investments in Commercial Real Estate in Bangaloare min. Rs.55000 have no bearing on the renting rates of Residential Projects. Smartphones opened immense growth opportunities for tech parks in Bangalore in subsequent years.
Profits from rents collected from businesses are a sure source of income thus commercial properties are a good investment. Brigade Towers, the flagship project of the company, envisaged the growing need for office space in 1986. Cabins and retail spaces are a prerequisite for any business to setup its operations. He is a specialist in developing premium grade offices in and around Bengaluru, presenting investors with prime real estate investment opportunities in Bangalore. Currently, it has around 12 million square feet of office space under construction.
3. Business Opportunities in Bangalore
The biotechemical and pharmaceutical industries are on the rise with a lot of research centers and even biotech businesses venturing into R&D and manufacturing. With a growing population that is highly well-off, e-commerce, retail, as well as logistics services are the key areas for business growth in a high income consumer market like Bangalore.
As the city grows new residential and commercial units are in demand creating job opportunities in real estate and construction. Several other sectors like healthcare services, education, tourism and hospitality are also upcoming sectors that can gain enough traction due to high demand in Bangalore.
Furthermore, because sustainability is being emphasized, it opens up opportunities in renewable energy and smart cities. While doing so, entrepreneurs and investors who are looking to enter the business world in Bangalore should consider the city’s tech-driven trends, which are influenced by the city’s diverse population, as well as the many business opportunities available in the city.
4. Mixed-Use Properties
A mixed-use property is a building with multiple types of units and has residential and commercial real estate. It acts rather like a small town as it provides the users with homes, places of business, and retails. This has become a popular idea among those living in bangalore who want to make life easier.
For example, within the same structure at Prestige Meridian Park, there are apartments, offices, and shops aimed at different consumers and making the area more lively.
Best Places To Invest In Bangalore Property
Electronic City: Area Overview
Electronic City has become a dwelling place for very many professionals from all over India as it is also a major hub for IT in the southern part. Amenities such as malls, schools and hospitals are available in the area.
The elevated expressway and planned metro connections will make intra-city travel easier. The positive aspect of the growth of IT professionals and tech firms in the area favours the increase in value of property.
Average Salable Prices:
- Starting from ₹28,00,000
Facilities Available:
- Educational Institutions: PES Institute of Technology, Xavier Institute of Management & Entrepreneurship, IFIM Business School
- Healthcare: Vimalalaya Hospital
- Transportation: Heelalige Railway Station
- Shopping Complex: Mahindra Millennium Mall, MMR Shopping Complex, Neo Mall
Devanahalli: Area Overview
In recent times the vicinity around Kempegowda International Airport in the form of Devanahalli has also made value for money investment stands, this is also due to the wide scale growth the area has been witnessing. Construction of hospitals, hotels, and places for tourism have also taken place in this area.
It is possible that the prices of property in Devanahalli will appreciate over time owing to the potential growth in the area, causing an increase in the trend of property pricing.
Hiranandani Cypress and Brigade Orchards Parkside are key projects in this area.
Average Sale Prices:
- Apartments 39,90,000 onwards
Amenities:
- Educational Institutions: Nagarjuna College of Engineering and Technology, Daffodils School, Akash International School, Cambridge Institute of Technology
- Healthcare: Akash Hospital
- Transportation: Devanahalli Railway Station
- Shopping Complex: D-Mart
3. Sarjapur Road
Settling down in this part of Bangalore is not a challenge since Sarjapur has been able to pull commuters for the longest time due to serene living.
Improvement of infrastructure on Peripheral Ring Road and the developments of the Outer Ring Road will further open up the locality. The home prices in the area have seen an upward trajectory because of the growing number of professionals as well as IT clients.
Average Sale Prices:
- 35,00,000 onwards
Amenities:
- Educational Institutions: Bangalore Technological Institute, St. John’s Medical College
- Healthcare: Columbia Asia Hospital
- Transportation: Carmelaram Railway Station
- Shopping Complex: Bengaluru Central Mall
4. Thanisandra
Technology, finance, real estate, and many other industries are booming in this locality making Northern Bangalore a residential paradise. Adjacency with major business centres, enhances its attractiveness to potential investors.
With Manyata Tech Park within the vicinity, Thanisandra gets a good number of working professionals from the IT sector enabling them to have a good work life balance.
Average Sale Prices:
- Apartments – ₹10,000 per square foot onwards
- Bhawans Varanasi Vidya Bhawan, Christ Super Speciality Hospital, Elements Mall, and Banaswadi Railway Station.
5. Yelahanka
Yelahanka, located around 14 kilometers from the center of Bangalore and very near to the airport, is developing into an investment hub because of its adequate infrastructure and cosmopolitan crowd. In terms of infrastructure, Yelahanka Road and NH – 44 help all the areas of the city to be within easy reach.
As a result, it is often referred to as a long term holding and appreciation asset with strong potential.
Average Sale Prices:
- ₹3,173 per square foot onwards
Amenities:
- Educational Institutions: MVM Institute of Nursing School, Presidency University
- Healthcare: Omega Multispeciality Hospital
- Transportation: Yelahanka Railway Station
- Shopping Complex: Kirloskar Business Park
Conclusion
In conclusion, Bangalore boasts of an amalgamation of both amenities and ample scope for growth in each of its locality. It is a major IT and real estate investment center letting all categories of buyers from new homebuyers to seasoned investors find their option in the city.
By focusing on your long term goals, you can be more strategic with your investments.