Bangalore is an attractive city to live in especially for the huge IT workforce, who now seeks refuge in outer peripheries away from the hustle and bustle of the city life. Bangalore is one place where the property demand has been out rightly negative post the demonetization wave. On the contrary, it has seen a positive growth in the recent time even though the growth has been somewhat slow. The evident growth was led by few areas of the city and some of these localities are expected to continue the positive growth trend going ahead too.
Bannerghatta Road: is one of the most sought after locality for city dwellers. The area along the lines of Begur Road has good connectivity with the Electronic City. Investment by software professionals is the strong highlight of the locality and this young workforce is either investing in a permanent home or renting a property to stay close to the office area. The residential locality has good rental returns and people are investing in 2 and 3 BHK flats for permanent residency.
Electronic City: people working in the Electronic City prefer to stay close to their workplace. The rental (rate of return) is around 4 per cent in this locality. Naturally, as you move closer to your office space the cost of buying a home escalates and Electronic City is no exception. The area is near the Central Silk Board and its proximity to the expressway also makes it a very desirable location to invest. It is 2 BHK apartments which are selling excessively in the area as people to continue searching for budgeted options.
Sarjapur Road: Sarjapur Road and HSR Layout together command a huge demand from the permanent residency seekers. It is an upcoming residential area and perhaps the most active in context of new project launches. The under-construction properties are a major draw of the locality and reflect positively upon the growth of residential demand in the close time ahead. The outcome in the near future is expected to be positive and strong.
Thanisandra Yelahanka: it features as one of the most preferred locations in terms of consumer demand. The locality boasts of settled infrastructure and easy connectivity. The fact that it is close to the airport adds a lot of crux for pilots and airline staff to buy or rent a property here. The locality has a decent demand for luxury units in terms of permanent investment and renting a house here.
Horamavu: sites in Horamavu excel in providing excellence of living as some of the projects in Horamavu are very well equipped with modern facilities and amenities. The whole area is spick and span, safe and the fact that it is in close proximity of the Bangalore’s industrial centers, makes it even more attractive. The new projects in Horamavu promise a positive outlook as the locality continues to enjoy good connectivity with the complete city through the Ring-Road and its vast street network.