A few reasons that make owning property in Bangalore attractive are
that the city has a huge IT workforce, workers that work in Bangalore’s
technology sector tend to be well paid which leads to increasing demand for real
estate property in Bangalore,
it has a moderate temperature all year round, and Bangalore’s infrastructure is
constantly improving thanks to impetus from the government.
The factors mentioned above provide a broad view
of how the cities economy functions and what keeps it humming. To really
understand how well the cities real estate market works the need to gain an
insight into the minute functioning of the different real estate markets of the
city is needed.
How Experts Think
Real estate insiders and Gurus believe that
really understanding a cities real estate market requires delving deep into the
details of the buying and selling of properties in smaller micro markets of a
city. Real estate in Bangalore
may also be best understood thus. One would also be advised to follow price
trends and perhaps even plot price trends into a spreadsheet and by
extrapolation try and understand where future prices are likely to be. Carrying
out the mentioned activities would let one gain an understanding of the Return
on Investment one would earn by investing in a Luxury property
in Bangalore at a specific locality.
Using such tools we come across two localities
that meet the criterion of providing an attractive ROI to investors who want
buy real estate in Bangalore.
The names and details about these localities are as follow
Thanisandra
While earlier this locality towards the northern
region of Bangalore was well known as a destination for tourists, today it is
also a regarded as an attractive destination at which to invest in a house.
What makes this peaceful region of Bangalore an
attractive location at which to buy a house is that it has consistently
provided a return of 2 to 3 percent year over year over the past few years.
Another factor that makes Thanisandra an attractive location at which to invest
in house is that it has excellent connectivity to regions such as Bellary Road,
Hennur Road, Whitefield, the Central Business District, and Old Madras Road.
The proximity to the prime commercial arteries and regions of Bangalore makes
Thanisandra stand out as an investment destination at which to purchase residential
projects in Bangalore.
Hennur Road
Hennur Road is an attractive location if you
want to buy a house as it provides direct connectivity to the International
Airport. There is also not any shortage of available real estate in Bangalore in this region of the city and Hennur
Road provides excellent connectivity to regions of Bangalore such as Kalyan
Nagar, Hebbal, HBR Layout, and Banaswadi. The connection to other regions of
Bangalore makes Hennur Road an attractive destination of at which to invest in
North Bangalore.
Residential property
in Bangalore at Hennur Road has appreciated by an average of 4 percent
year on year over the past few years. Buyers eager to buy luxury flats in Bangalore or
affordable units in the city have numerous options to do so at Hennur Road.
Experts have stated that for those with a low risk appetitive, buying property in Bangalore at Hennur Road
is ideal as it is largely a mature investment destination.
For more: propchill.com
Contact number: 7827456456
Email ID: propchill01@gmail.com
Post By Shrikant Sain
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