Bangalore Realty’s Top Picks
Who has not heard the name of the Silicon Valley of India? As the country’s leading information technology exporter, Bangalore is among the top ten business destinations, thanks to its many job opportunities and perennially pleasant weather conditions. These factors further contribute to making Bangalore a favorable real estate hub with outstanding IT infrastructure. And while the general sentiment in the Indian real estate market is gloomy, certain areas of Bangalore are abuzz with property expansion activity. This growth can be affiliated with the growing IT infrastructure, the upcoming metro projects, the new international airport, and the construction of highways, flyovers, and subways that are proving to be a catalyst in the real estate development of these regions.
It is an indisputable fact that wherever infrastructure development occurs, rapid real estate development follows in its wake, bringing with it lucrative investment opportunities. And, without a doubt, real estate investing is all about the “right time.” This article will explore some real estate hot spots in Bangalore that are filled with rapid infrastructure development, a rapid increase in residential and commercial projects, and show huge potential for a real estate boom.
The measures that have been taken to renovate Bangalore focus on improving connectivity with central business districts and the physical and social infrastructure that have enabled many regions to emerge as self-sustaining micro-markets. Notable among them are Whitefield, Electronic City and Old Madras Road, which despite depreciating prices, have managed to stay afloat due to their promising infrastructure, high-end real estate businesses and proximity to big-name IT firms.
The arrival of the International Technology Park in white field initiated the evolution of real estate infrastructure in this region, leading development in East Bangalore for over a decade. The presence of many IT parks, shopping destinations and high-end residential projects make Whitefield a highly preferred destination for investors and home buyers. Also, the completion of the Outer Ring Road (ORR) which provides a signal-free stretch from Silk Board Junction to Hebbal via Electronic City to Whitefield has increased connectivity in East Bangalore. Both Whitefield and Electronic City boast major IT companies, the best restaurants and hotels, well-known schools, universities and hospitals, and proximity to special economic zones.
When it comes to the residential segment, both Whitefield and Electronic City have seen momentous progress over the years. Rising rents and prices and the fast pace of city life have forced many people in Bangalore to move to the suburbs, with Whitefield being their preference due to its affordable prices. Below is a brief discussion of some landmark projects in Whitefield and Electronic City that are in high demand. Republic of Whitefield Compresses of luxurious 2 and 3 BHK apartments scattered throughout the urban suburban landscape of Whitefield, just behind Divyasree Techno Park, EPIP, Kundalahalli. asset brand is another leading residential company in Whitefield offering elegant 2 and 3 BHK residences ranging in size from 1245 sf. foot to 1639 m2. ft., covering 28 acres of vast green expanse. Godrej United is a residential marvel from Godrej Properties offering 1, 2, 2.5, 3 and 4 BHK housing units that are surrounded by 80 percent open space and enjoy seamless connectivity and proximity to important social amenities. Another project sought after in Whitefield is serene towna joint venture between VBHC and Axis Spaces consisting of 220 extravagant apartments in 2 and 3 BHK options offering a quiet and comfortable environment for homebuyers.
In the case of Electronic City, City of Godrej E is in popular demand due to its thoughtfully designed 1, 2, 2.5 and 3 BHK apartment units, world-class facilities and infrastructure, and 70 percent green open space. VBHC Vaibhava is another flagship residential project located at Chandapura-Anekal Main Road consisting of 2 and 3 BHK residences with an area ranging from 614 square feet. ft to 989 m2 ft available at affordable prices.
This real estate buzz is also spreading to areas near Whitefield and Electronic City. One such region is Old Madras Road (OMR), an arterial road connecting Whitefield, Outer Ring Road and Indiranagar with the city. OMR, formerly an industrial area, has now been converted to residential use, experiencing rapid urban growth in the process. Its connectivity to Ring Road, RMZ Infinity and Bagmane Tech Park, MG Road, Byapanahalli metro station and the airport has caught the attention of some of the major real estate developers. Salarpuria Sattva has launched a premium residential project called east crest near Budigere Cross on Old Madras Road, consisting of 1, 2 and 3 BHK apartments starting at 598 sqft. ft to 1530 m2 ft The project is very close to the upcoming SEZ zones and the International Airport. Nitesh Virgin Islands is another sought after project that offers premium and exquisite condominiums that have schools, colleges, shopping malls, hospitals, and IT parks within a 10km radius.
Other areas that one can look for in Bangalore are the settlements around Ring Roads and Bidadi in south west Bangalore. Improved connectivity between Bangalore and Mysore due to the four-lane state highway and the upcoming Bangalore Mysore infrastructure corridor has boosted real estate development in the Bidadi region. In the case of North Bangalore, Devanahalli International Airport has played an important role in transforming the landscape of towns such as Bellary Road, Devanahalli and Yelahanka.
The growing IT companies have made Bangalore an ideal place to live. Rated as the fourth best IT hub globally and the fifth fastest growing city in Asia, Bangalore is not only a favorite of domestic buyers, but has also managed to capture the attention of NRIs, becoming the first choice of Indian investors, both at home and abroad. as well as abroad.