There are several reasons to justify the fact that Bannerghatta road has a fast developing real estate market. Some of the main reasons given here throw light on why Bannerghatta is considered to be an important real estate investment destination in south Bangalore.
Bannerghatta road is considered to be the real estate and commercial capital in south Bangalore. The important reasons as to why Bannerghatta Road has an escalating real estate market are given below.
1. A Popular Location For Commercial Centers
Bannerghatta is a locality that is buzzing with commercial developments and real estate ventures. With the famous Royal Meenakshi Mall being established in this location, this attracts many investors to invest in Bannerghatta. There are also a plethora of options for dining and family entertainment as there are many food outlets, restaurants, and malls in this area. Important facilities and commercial shops such as grocery stores and malls are present in the locality itself, making it extremely easy for residents to avail their daily home shopping.
2. Presence Of The IT Industry
Bannerghatta Road is a popular locality due to the number of IT companies situated in this region. Many real estate investors make lifetime investments in this locality as a result of this factor. With the presence of IT companies, there is sure to be an increase in residential housing in the area. People are interested in moving to Bannerghatta as it is convenient to commute to their workplaces due to the area’s strategic location.
3. Smooth Connectivity and Access
Bannerghatta Road is linked by road to all the important areas in south Bangalore. It is connected to Jigani, which is one of the most popular industrial areas in Bangalore. Travelling to other important localities such as JP Nagar, Jayanagar, Banashankari, Koramangala, and MG road, is also hassle free. This is one of the main reasons for the real estate boom in this location.
4. Infrastructure At Its Best
Bannerghatta Road has quality infrastructure facilities, which include social and physical infrastructure. With many educational institutions like Indian Institute of Management, Management Academy Research Centre, Islamiah Institute of Technology, and Bangalore Institute of Management present in this locality, Bannerghatta Road is well-known as a student and educational hub of the city. There are also many hospitals such as Medplus, Apollo Hospital, Fortis Hospital, and Sagar Hospital that provide world-class healthcare services. Many retail hubs such as Royal Meenakshi Mall, Vega City Mall, Gopalan Innovation Mall, and Reliance Mart provide convenient access to all the shopping requirements of the residents.
5. Good Appreciation Value With High Returns
In the recent past, Bannerghatta Road has witnessed a rapid price appreciation. Due to this, many commercial and residential developments are being undertaken in this locality. The appreciation value here, is increasing at a much faster pace than any other locality in south Bangalore, and this is because the locality is rapidly developing.
All in all, Bannerghatta Road is a promising locality and its prominence is well deserved. Investing here is definitely a wise option, especially for long-term investors. And what’s more, Bannerghatta Road is surrounded by greenery and is away from the hustle and bustle of city life.