It requires a great deal of thought before buying a plot or property for your own in the city. A decision should be reached only after asking widely about the different options available, doing some research on the area and finding out the best locality to invest in. There are many factors involved in this planning which includes the financing, the repayment mode, what type of space to invest in and most important of all, which location to choose.
For some people making this investment is a once in a lifetime decision where once entire life savings may be involved. Hence, it is very important to choose a property at the right location in order to get a good return on the investment done.
Bengaluru, one of the most modern cities in India, is a real estate haven as it offers good social and physical infrastructure and all the other elements of a ultra modern metro life. There are many localities in Bengaluru that are targeted by real estate developers and Bannerghatta is one of them. Located in South Bengaluru, it is geographically located in the central region of the city and is a hub of some serious real estate activity. The first quarter of 2015, showed heightened activities from both buyers and sellers in the real estate in this locality which clearly depicts its steep growth.
Centre of IT Hubs:
South Bengaluru, especially Bannerghatta is home to a number of prestigious IT institutions and is a favourite spot for both commercial and residential spaces. Most of the spaces are 2 and 3 BHKs which are preferred by professionals working in the IT Sector. Some luxurious Villa projects have also come up catering to the A level employees in these sectors.
The outer Ring Road and Hosur Road Expressway connects this locality easily to other parts of the city. The proposed metro rails and plans to widen the roads to the South Bengaluru will benefit the real estate in Bannerghatta.
Bannerghatta road is known for its affordable living spaces compared to other parts of south zone. The price of land and properties are very reasonable, which is attracting real estate developers and middle income groups to invest here. Apartments in multi-storeyed buildings are rated at Rs 4000 per square feet and commercial spaces are available within a price range between Rs 50 to Rs 65 per square feet for rent.
Availability of good amenities and infrastructure:
Bannerghatta has many malls and shopping places like the Royal Meenakshi Mall giving the life here an exciting touch. The area also houses many prestigious educational institutions, reputed hospitals, recreation and entertainment hubs.
Upcoming tourist destination:
The tourism in Bannerghatta is also rising due to Bannerghatta National Park. There are also many plans in the pipeline to develop the tourism around the locality. Due to this, the demand for home stays for daily rent also increasing. This is a good investment option, as people who buy second home in Bannerghatta can reap profits by converting it into a home stay.