Bangalore has grown beyond its boundaries and is a rapid development hub. When you think of investment, there is nothing better than investing in the real estate market of Bangalore.
It is a place where its fine educational institutions attract huge students from across the country. The major IT hubs play a vital role in grabbing all the technical crowd. These two main reasons have seen a huge rise in the real estate market in Bangalore.
From the perspective of a good investor, it is absolutely necessary to choose the right place and a few other essentials before investing in a real estate market. A good investment should fetch returns over a period of time.
Considering the layout of Bangalore, each area is pretty well developed in terms of hospitals, schools, and colleges, banks and ATMs, parks, a public transport system that connects to other areas of the city or your job location.
The metro project gave Bangalore a huge boost in terms of connectivity from one part of the city to another. At present, Bangalore acts as a safe bet for a real estate market investment.
A few other things to consider before an investment in the property –
Trusted Builder/Developer – It is very much necessary to know your builder or developer, especially if you are a first-time investor or are new to the real estate market.
There are almost thousands of developers who can confuse you with all their specifications and offers. One good way to do this is to locate the builder’s projects and check out their history.
There is an ISO certification for a good builder which shows their validity. There are also builders and developers associations that can act as a proof, your builder adheres to sincere rules.
You can also detect a good builder or a developer based on the way they handle customer complaints and give their best to resolve them.
Choice of location – This parameter is another important entity to be considered as an investment choice. A good location and a little insight into it with a vision into the future can fetch high returns on your investment.
Sometimes it can be a little tricky if you are willing to stay in your investment yourself. Either way, a location that has access to major IT parks and good connectivity to get there can be the best thing to do.
Since the majority of the population from outside the city flock such areas, you are in safe hands.
Budget – Yet another key factor in an investment. Whether you are investing in a residential project or a commercial project, your budget has to be calculated based on your stable income sources and all your expenses.
It needs that, any other unexpected expenses over a period of time might also be considered after careful investigation. While investing in a residential property can be less expensive than commercial property, more rent can be gained out of commercial investment.
You are the best judge with your budget. Some builders arrange loan facilities having a tie-up with banks to make it easier. Insurance is always the most neglected but it is important to get one for safety purposes.
Type of property – After having a clear picture of the aforementioned areas, you can narrow down the type of property you are looking for. There are stand-alone properties, apartments in gated communities, luxurious villas, and commercial establishments to be considered.
A stand-alone property has an associated land value to it and hence is a high investment and higher returns one compared to investment in an apartment. Of course, a villa property states grandeur and luxury and never diminishes in value.
Gated community apartments are well preferred by most people because of the ease of living they provide.
They give everything in the same compound like a swimming pool or a children’s play area, walking or jogging tracks, gymnasium for fitness freaks, grocery shops for everyday essentials, ATMs for transactions, clinics and medical shops for health, spas, party place or a clubhouse for socializing, and much more.
We recommend North Bangalore and East Bangalore as great investment options. However, we provide you below the geography of Bangalore for you to consider wisely –
North Bangalore – Having a major IT hub such as Manyata Tech Park, there is a huge investment opportunity in North Bangalore around areas such as Yelahanka, Nagawara, Hebbal which can gain profits over the long run.
There are apartments in gated communities and stand-alone properties too in the area. There are many successfully completed and ongoing projects from good builders such as
Sai Kalyan Builders & Developers, Godrej properties, Brigade group, in the area. Overall this is a good investment part of the city.
East Bangalore – The last decade has seen a rapid increase in the development of East Bangalore because of a large number of IT parks in and around the place.
All kinds of properties are found in this part with the majority of builders running their projects. Prestige group, Sobha group, Brigade group, Renaissance group to name the top few, have many ready to move in and upcoming projects which are a steal away deal.
The properties range from 1 BHK, 2 BHK, 3 BHK, independent villas and many more. Surely, this is a great investment place in Bangalore.
South Bangalore – It is a good residential layout with a calm and serene environment. It has good connectivity to other parts of the city.
However not a good investment option because of the fact that it does not fetch greater returns as expected. There are a few builders who have their projects on Kanakapura road and nearby areas too.
West Bangalore – Mostly a combination of industrial area and residential layouts, suitable for residences. The investment here is much less compared to other parts, however, the returns are not that great as well.
Although we have mentioned places of investment based on our research, it is always good to hire some good agents with a vast real estate experience who can guide you into great investment opportunities. After all, it is one of the milestone achievements.