Bangalore, India, tops the list of liveable cities in India and has been gaining prominence globally as well over the past few years. The city has grown exponentially in the past decade, expanding its limits to as far as possible and providing more and more people with opportunities to invest in Bangalore outskirts. It isn’t difficult to understand why so many people are investing in Bangalore outskirts; they offer a lot of benefits to everyone who wants to buy property here and make a good return on their investment! Here are some of the best reasons why Bangalore outskirts make great investments.
As Bangalore, India's IT and tech hub, grows, so do the surrounding property prices. If you're considering making a wise investment in the prosperous property market of Bangalore, the outskirts should be your top priority. Keep reading to find out why.
Excellent connectivity to prime locations
Homes on the outskirts of the city are attracting more attention for potential real estate investments. Properties in North Bangalore are within close proximity to the Kempegowda International Airport and the Central Business District. There are many nice homes available in Yelahanka, Hebbal, Devanahalli, BEL and Thanisandra. People coming to Bangalore on business will enjoy the quick connection to other areas by the Namma Bengaluru Metro Rail. When completed, the Peripheral Ring Road and Bellary Road will reduce congestion between North and South Bangalore.
Strong presence of IT giants:
One of the primary reasons why corporate giants prefer the outskirts is the availability of numerous commercial lands through the IT boom. As high rise residential complexes increase in the suburbs, a large number of IT and techies move there, considering the proximity factor. With the rise in the number of IT and tech giants, a large population of the techies is migrating to the suburbs. Many professionals prefer burgeoning areas like Whitefield and Sarjapur because they have high appreciation rates.
High appreciation rates
The outskirts are a good place to invest your money because of the rapidly increasing real estate rates and lower prices as compared to prime locations in the city. In addition, suburbs are perfect for generating a lot of rental income. This is primarily because of the large number of workers looking for accommodation close to their workplace. The emphasis is placed on customer satisfaction. That, combined with a world-class infrastructure and better accessibility to reputable educational institutions, hospitals, shopping complexes, and multiplexes, ensures customer satisfaction.
Your home is the most comfortable place for you, where you get to relax and unwind after a long day. Being in the suburbs is our haven, giving us peace and bringing with it beauty. Given the greater number of illnesses which result from the conditions of modern day living, a more appealing option would be to select a community a distance from the noise and busyness of the city. Such an environment would provide a tranquil setting free of air pollution. Apartments, complexes, and communities in this city incorporate many green features and are pet-friendly. Terrace gardening is also extremely popular, providing a little touch of nature in gated communities.
Different types of Properties:
Deciding on the type of property you want to buy is one of the main factors that influence your investment in real estate. However, when it comes to buying a property in the suburbs, you will be spoilt for choice. From gated communities and apartments to villas and new launches, the world is your oyster. You can also decide on the type of the project that you want to invest in depending upon the budget, time frame of your investment and the amenities provided at the development. For instance, Prestige Marigold located in Bettenahalli sustainable township that offers eco-friendly luxury apartments and plots for a wholesome community lifestyle experience. Live amidst lush greenery with 66% open spaces in a home that is crafted keeping the urban family in mind.
There is no question that location is key for a great real estate investment and the suburbs of Bangalore have everything you're looking for. The properties here offer the twin benefits of affordability and convenience. Additionally, these areas are constantly undergoing rapid infrastructural development, and present a higher rate of return and appreciation for homeowners. So for those who are in the market for a property, it's time to head out to the outskirts and make a smart investment.
The Prestige Marigold project is a futuristic project built by the Prestige group keeping in mind the shift of the industrial, government SEZ, and expanding IT industry along with the new kid on the block, the Startups. North Bangalore will be the new Destination. The international airport here means the first entry to Bangalore will be at this location only. The massive job infrastructure being built here with new Tech Parks, SEZ’s, financial hub means the existing Bangalore workforce is shifting to North Bangalore along with massive migrants from other parts of the country for job opportunities.
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