Bangalore is the most sought after city in terms of real estate investment. It is called the Silicon Valley of India because of the presence of a lot of IT and technological companies. The city has been growing rapidly and so is the demand for the real estate properties in and around Bangalore. As the climate is pleasant all throughout the year, people are getting attracted towards the city and thus keep investing here. Bangalore is mainly famous for the MNC companies which have set up shops here during the tech boom in the 90s. People are looking for apartments in Mysore Road as it is emerging as one of the important suburbs for real estate investments. Bangalore is witnessing a rapid expansion which encourages real estate developments in the city and the suburbs. Let's see some of the promising suburbs of Bangalore for real estate investments.
The real estate activity in the Mysore Road had a very slow start as there were no economic developments along the Mysore Road for a very long time. But after the launch of Global Tech Village, Mysore Road saw various developments in the form of residential properties. There are no high-end apartments here but people are looking for flats in Mysore Road which are mainly low and mid-end apartments.
Sarjapur Road is another promising destination for real estate investments due to new launches every quarter. It is an upcoming residential locality as IT employees working in the Electronic Cityare looking for more affordable homes. Whitefield and ORR are running out of space for the offices due to which IT companies are looking for large office space in this area. Due to the under construction Tech Park, there is an increase in the commercial activities in Sarjapur Road.
The demand in Bannerghatta Road is one of the highest due to its proximity to commercial and IT hubs like Electronics city, ORR and Koramangala. People working in Electronic City also prefer to stay in Bannerghatta Road as it is close to it and has a link road as well. The property rates increased due to the connectivity to the IT hubs of the city.
The highest demand for rental homes can be seen in Electronic Citybecause of the presence of various IT and ITES companies. People working in the Electronic Cityalso prefer to stay here due to the decreased travel time. Investors always look for potential in Electronic Cityas it gives them good rental incomes.
Rapid commercial developments in the area have pushed the real estate market in Hebbal to new heights. It is growing in the last few years due to the presence of companies like IBM, Philips Software, etc. Due to the commercial office space demand here, the investors are always interested in this part of the city as it gives good returns.
Real estate investment is a very thoughtful process as people look for good returns on their investments. Apart from these five places, there are many other areas which are promising and are developing at rapid pace.