June 16, 2014

Bangalore - More than just suburbs

 invest in YelahankaBangalore aka the Silicon Valley of India has always been a hub for builders and investors to buy property thanks to its pleasant climate and most importantly its IT industry boom. And with the population now surfacing to the outermost localities due to skyrocketing prices within the city, suburban areas like Yelahanka, Electronic City and Whitefield are now the hot-spots for investors. Apart from high prices and office space growth, commercial belts in these area are fueling the demand for residential properties.

Why invest in Yelahanka?

Situated close to the fast developing northern section of Greater Bangalore, Yelahanka has gone to become a popular business center and the city’s fastest growing area. The place which is rich in heritage is surrounded by many lakes. Some of them have officially been declared as bird sanctuaries like the Yelahanka Kere and Puttenhalli lake.

Sections like the Hospital Main Road and BB Road have seen major development and are helping Yelahanka become a business hub. Major infrastructural developments like the National Highway 7 and the Bangalore-Hindupur Highway that bisects Yelahanka into the Old and New town are some of the reasons why developers are now building apartments in Yelahanka.

The CRPF campus, the BSF camp and the Rail Wheel Factory are also direct indicators of the development of the new Yelahanka. Although the new town might not have many entertainment zones, but this area is fast developing. Yelahanka’s close proximity to the Kempegowda International Airport too is driving the real estate sector here.

Electronic City the next hot-spot?

With the city driven by IT sector, areas close to IT offices have seen major developments in the recent past. And with Electronic City being considered to be the country’s largest electronic industrial parks, it is but obvious to see a number of apartments and individual homes mushrooming here. Companies like Wipro, Tech Mahindra, Infosys and Intel have helped develop this area.

Electronic City

Apart from major connectivity that bus routes provide, the ten-laned mixed corridor that connects Silk Board junction to Electronic City is giving a severe push to the real estate market here. The 9 odd kilometer expressway is considered to be the longest elevated national highway in the country. Major automobile manufactures like BMW, Audi and Volkswagen have their showrooms along the Hosur Road.

The stretch between Neeladri Road and Thogur have a number of residential projects that range from affordable, mid-range to uber-luxurious projects. Apartments for sale in Electronic City can range anywhere between Rs. 3,500 per sq ft to Rs 5,500 per sq ft. Great proximity to work spaces and cheaper prices are forcing individuals to invest in Electronic City.

Why should the urban crowd invest in Whitefield?

invest in Whitefield

With what was just a mere extension has now gone on to become a very important part of the city thanks to IT giants entering the market. Apart from just the IT sector, recreational opportunities are forcing the urban crowd to call Whitefield their home. Cineplexes, food joints, gaming zones and branded shops in malls like Forum Value, Phoenix Market City and Inorbit offers several options that are self-sufficient for residents living here. Other key factors that are boosting the real estate in Whitefield is its great connectivity to state-of-the-art medical and wellness centers. 2BHK flats in Whitefield can range anywhere between Rs. 3,300 per sq ft to Rs 4,600 per sq ft.

Connectivity has also fueled the demand for real estate here. The four-lane Whitefield Road, the ITPL Road, the four-lane Vathur Road and most importantly the Old Madras Road that connects cities like Chennai, Pune and Mumbai is responsible for bringing development here. Apart from the road, the extension of Metro Rail from Byappanahalli to Whitefield will drive a high demand once the project is complete.

The proposed Peripheral Ring Road that will connect Electronic City, Whitefield and Yelahanka will further increase real estate opportunities in these areas. And for all those who want to reap benefits later investing in these areas would be beneficial.