Where to Invest in Bangalore in 2024?

by Godrej Properties Limited

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Being India's largest and most renowned IT capital, real estate investment in Bangalore remains a top choice. Whether you're in search of residential or commercial property investment in Bangalore, the city offers prime locations with reliable amenities, including shopping centres, hospitals, universities, and schools. Moreover, the emergence of bills such as RERA protects home buyers while also benefiting investors and builders who invest in Bangalore. 

Latest Updates on Investment in Bangalore

As per the latest plan under the Karnataka Housing Board, five hi-tech cities will be built on the Bangalore outskirts, each spanning 2000 acres of land, providing abundant options for real estate properties in Bangalore for prospective homebuyers. The project will be constructing 5,000 houses across 30,000 sites in each satellite town. This approach aims to accommodate a total of 1.50 lakh sites and 25,000 houses across the five hi-tech satellite townships. Additionally, there are plans for the construction of 1000 villas, with each villa occupying a 500-acre land parcel.

Why should you Invest in Bangalore?

Stable property values: Despite economic challenges like demonetisation, the prices of real estate in Bangalore did not show fluctuations and had consistent property values. This stability makes it ideal for commercial investment in Bangalore.

  • RERA implementation: The implementation of measures such as RERA ensures a secure investment environment for those considering property investment in Bangalore.
  • Seamless connectivity: The buses run by the Bangalore Metropolitan Transport Corporation (BMTC) are a fundamental aspect of the city's public transportation system. As of the year 2022, the construction of a rapid transit system known as Namma Metro is underway in progressive stages.

The Best Areas to Invest in Bangalore 

Given below are a few of the best areas to invest in Bangalore.

Sarjapur Road

Sarjapur Road is the best place to invest in Bangalore since it is a fast-growing neighbourhood that offers excellent road connections to well-known IT clusters like Whitefield, Marathahalli, and Electronic City. Apartments on Sarjapur Road come with a slightly higher average sale price of Rs. 6,751 per square foot. 

Yelahanka

Situated at an elevation of approximately 915 metres (3,000 ft) above mean sea level, Yelahanka has a lush green landscape and enjoys pleasant weather throughout the year. The road infrastructure leading to Yelahanka is among the finest in Bangalore, ensuring seamless connectivity. Moreover, the region offers abundant job opportunities due to the presence of silk handloom industries and the Rail Wheel factory, contributing to the economic vitality of the area.

Electronic City

Electronic City, situated in Anekal taluk, Bangalore, stands as a prominent information technology hub in India, covering 800 acres near Konappana Agrahara and Doddathogur. It hosts numerous electronic and IT industrial parks and stands as the best choice for those looking to invest in commercial property Bangalore. However, these areas are eagerly anticipating inclusion under BBMP governance to avail themselves of essential civic amenities. 

Thanisandra

Emerging as the fastest developing zone in North Bangalore, Thanisandra is witnessing increasing demand not only in the residential domain but also in the commercial sector. With a well-established infrastructure, efficient transportation options, and the forthcoming 72 km metro line in phase 2, Thanisandra is the best location to invest in Bangalore. 

Budigere

Budigere, situated in the vibrant city of Bangalore, is emerging as a prime real estate destination. Boasting proximity to major IT hubs, excellent connectivity, and a serene environment, Budigere offers a perfect blend of urban amenities and natural beauty. Investing in properties here ensures potential for high returns, driven by the city's robust economic growth and increasing demand for quality living spaces.

Attibele

Attibele property investment in Bangalore offers affordable housing options and provides convenient access to key IT parks such as Anekal, Electronic City, and Silk Board Junction. This region provides comparable advantages to Electronic City at budget-friendly rates. 

The  Final Word

Bangalore remains a top real estate investment choice, offering prime locations with reliable amenities. The Karnataka Housing Board's plan for five hi-tech cities provides abundant real estate options. Sarjapur Road, Yelahanka, Electronic City, Thanisandra, and Attibele emerge as the best place to invest in Bangalore.

 

Frequently Asked Questions

1. Why is Electronic City a preferred location for commercial property investment in Bangalore?

Ans: Despite industrial prominence, residential areas await inclusion under BBMP governance for essential civic amenities, making it an ideal choice for commercial investment.

2. What are the property prices in Sarjapur Road?

Ans: The apartments have an average sale price of Rs. 6,751 per square foot.

 

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