Where is the best place to invest in Bangalore
The real estate market is continually expanding; it's critical to know where to place your money. If you plan to stay in a city like Bangalore, which is quickly increasing in terms of I.T, enterprises, and real estate, investing in this city to buy an apartment is ideal. As a result, investing in the areas listed below could result in a tremendous investment and return in the future. Bangalore is rapidly expanding in every way. Bangalore's outskirts have grown in ways that are difficult to comprehend. However, due to various variables, some areas have become unquestionably hotspots for home purchases. Here are five of the most significant regions in Bangalore to look for flats for sale.
Whitefield
Whitefield is around 23 kilometers east of Bangalore's city center. Initially, it was a peaceful and idyllic suburb founded by Bangalore's Anglo Indians. However, after 2000, when the I.T. industry entered the picture, things changed dramatically. It's also attracted some of the industry's biggest stars. Restaurants and hotels such as Barbeque Nation, Marriott, Zuri, and others can be found in Whitefield. Phoenix Market City is one of Bangalore's most extensive shopping complexes. The distance from the town is beatable because of excellent access to the center city and the future metro project. I.T.P.L., the Bangalore I.T.I.T. industry's nucleus, is located in Whitefield. The current rates in this area range from Rs 4,122 to Rs 5,398 per square meter. The rates have risen from Rs 2,975-3,655/sq ft during 2014.
Sarjapur Road
Sarjapur Road, roughly 21 kilometers from the ancient city center, is the next city hub. Sarjapur's rates are currently at an all-time high. Another potential I.T.I.T. hub and a new favorite among significant developers such as the Prestige Group. With the proposed outer ring road connecting Tumkur Road to Hosur Road, cutting through Sarjapur Road, and contacting K.R.K.R. Puram and Bellary Road, Sarjapur will undergo a total transformation. The project will connect the north and south parts of Bangalore while avoiding the congested ring road.
This place has some educational institutions like Krishna Polytechnic College, Milani School, and C.M.R. Gandhi School. It has also been an increase in the number of convenience stores. This area also has some temples, clinics, and churches. The property prices have increased from Rs 3,060-4,505/sq ft to Rs 4,207-5,525/sq ft since 2014.
Electronic City
Electronic City, Bangalore's most important I.T.I.T. hub, has experienced unprecedented expansion in recent years. The electronic city was intended to be the city of technology field in Bangalore, and it is now one of the country's major electronic industrial parks, spanning 800 acres. It has evolved into a commercial and residential district throughout time and draws everything from mid-range to high-end projects and houses some of the major M.N.C.s. There are three phases to the area: phase 1, phase 2, and phase 3. Every step includes all of the necessary amenities.
Metro service is also expected to be available shortly in the electronic city. Residents of this area will not have to travel far to find educational institutions, supermarkets, hospitals, and other services. The nightlife is also not to be missed, featuring lounges like Hit Wicket and Rural Blues. It is connected to the rest of the city. Even though it is a sought-after location, it is reasonably priced. Phase 1 flats are priced at Rs 2,848-3,442/sq ft, while phase 2 flats are priced at Rs 3,358-4,420/sq ft. Within five years, prices in the Electronic City are expected to skyrocket.
Kanakapura Road
Kanakapura Road, around 50 kilometers south of Bangalore's center city, is one of the most sought-after regions. The most appealing feature of this neighborhood is that the roadways are significantly less congested than the Mysore road that runs alongside it. Its proximity to developed areas like JP Nagar, Jayanagar, and Banashankari adds to its desirability. There are well-known educational institutes here, and Sports mart, Metro Cash and Carry, Heritage Fresh, and Desi Partha are just a few of the convenience stores in and near this region. There are also a few high-end projects in the works. This region will soon have a Metro system as well. Despite these characteristics, the rates are pretty low. The prices have risen from Rs 2805-3187/sq ft to Rs 4,080-5,227/sq ft over the past three years.
Everything from the locality's outlook to the ever-changing costs is now available online, making buying flats in Bangalore much more accessible. Some of these mentioned areas have experienced practically a doubling in prices within the last five years regarding investment.
Prestige Serenity Shores
Prestige Serenity Shores is among the best residential projects in Bangalore in the year 2022. Prestige offers a set of luxury apartments in the East Bangalore zone in Whitefield. The project is set on a total area of 50 acres. There are many configuration options available to home buyers. They can choose either a one bedroom, two bedroom or three-bedroom option. The minimum area of a unit is 634 square feet and the maximum area is 1657 square feet. The project is in progress and possession would start from 2026 onwards. The Prestige Construction uses best quality construction materials and conforms to regulations and guidelines. As in all their luxury projects, Prestige Serenity Shores comes with many great amenities. Swimming pool, gym, clubhouse, play area for indoor and outdoor games, jogging track, pet park, and beautiful gardens and landscapes are a few of the amenities seen in the apartment complex.
Prestige Serenity Shores is located in Whitefield, which is the most preferred choice of residents among home buyers. Good employment zones and IT hubs, good schools and colleges and presence of hospitals are some of the highlights of the area. Infrastructure is also in fast development. This project is definitely a great buy.
The Prestige City
The Prestige City is a multi-project township offered by the brand of Prestige Construction Group. A host of options in terms of choice of a home is on the offer in this well-planned township. Home buyers can choose from small and large apartments, premium type of apartment, villas and also residence plots. The township is under development and would be available for possession by May 2025 onwards. There are in total, 808 plots, 149 villas and 3000 apartments within the township. The unit with the smallest dimension measures 650 square feet, and the largest one measures 2200 square feet. Buyers can choose from one-, two-, three- and four-bedroom options among the many choices. The township includes many high-quality amenities. Security is of primary importance with CCTV monitoring and video door phones on offer in all units. The premium range of amenities are swimming pool, gym, children’s play area, party area, club house, mini theater, games both indoor and outdoor and many more.
The Prestige City township is located in the Sarjapur area, a suitable choice preferred by the modern home owners. Known for the work zones, presence of international schools, good road connectivity, public transport and more, the location is at a big advantage. This project too has been listed as one among the best residential projects in Bangalore in the year 2022.
Prestige Primrose Hills
Yet another of the best residential projects in Bangalore in the year 2022 is none other than Prestige Primrose Hills. This project is an apartment complex comprising 15 towers. The project is executed over 15 acres of land. The builder is offering one- and two-bedroom configurations in this project. Prestige Primrose Hills is a budget project, for buyers looking for smaller homes, but from a reputed builder. The unit sizes range from 572 square feet to 985 square feet. There are in total 1680 units. With top quality construction from builders of the likes of Prestige Construction Group, this is an ideal choice for property owners. Amenities like swimming pool, gym, skating rink, basketball court, cricket pitch, amphitheater, club house, indoor games and party hall are standard offerings from the builder. The project is RERA approved and possessions would start from 2024 onwards.
Prestige Primrose Hills is located in Banashankari, in the South zone of Bangalore. Banashankari is a great choice for citizens who prefer the residential and old Bangalore charm of the zone. The area is well-developed and well connected to other parts of Bangalore. Metro rail is also functional in this zone, making commuting easy and very convenient.
