Bangalore’s Top Ten Fastest Expanding Investment Zones
Although 2020 and 2021 were stabilization years for Bangalore real estate, the year 2022 is predicted to see an increase in demand and property values due to improving market sentiment. Although the luxury market is predicted to recover slowly, the mid-income and inexpensive housing segments in surrounding suburbs are expected to experience greater demand from purchasers. Let’s take a close look at each community and assess its long-term growth prospects. Here are the top ten emerging regions in Bangalore to invest in.
Hennur is renowned among purchasers due to the presence of several Multi-National Corporations and its abundance of ready-to-move 2 BHK flats priced at Rs 5,950 per sq ft (MNCs). The proximity to employment centres like as Manyata Tech Park and Kirloskar Business Park, which house major corporate behemoths (6-8 km), also contributes greatly to its demand. The neighbourhood earned a 4% annual rental yield, with monthly rates averaging Rs 23,000 for a 2 BHK type. In the previous five years, home values in Hennur have climbed by about 15%.
Attibele, located near Electronic City in South Bangalore, has quietly developed into a sought-after real estate destination. It not only has a growing base of IT and Biotech enterprises, but it also has easy access to reputable job centres like Silk Board Junction and Anekal. Previously a peaceful town, real estate in Attibele has mostly benefited from overflow interest from Electronic City. The availability of enormous land tracts, along with the vicinity of an IT cluster, has converted Attibele into a refuge of inexpensive housing. Notwithstanding a 50% increase in the previous five years, home values in this area remain at Rs 3,800 per sq ft.
Abbigere
Abbigere in North Bangalore, which was formerly an industrial area, has now transformed into a potential residential market. The closeness to the airport (20 km), Yeshwantpur Railway Station (4 km), and other notable places of Bangalore, such as Jalahalli Cross, BEL Circle, and PB Road, have all contributed to its growth. Furthermore, it is about 10 kilometres from Manyata Tech Park. Abbigere caters to the housing demands of purchasers of all budgets and property kinds, offering anything from low-cost homes to a choice of luxury units and autonomous cottages. Home purchase prices in Abbigere have risen by 25% in the last five years, hovering at Rs 4,600 per sq ft.
Seegehalli, located in the east of Bangalore, is a developing neighbourhood near KR Puram and the National Highway (NH) 44. The NH-44 is crucial in Bangalore since it not only provides direct communication to the state of Tamil Nadu, but it also runs beside major industrial corridors. Electronic City’s IT park is likewise located along the NH-44.
In light of Seegehalli’s profile, it provides a comfortable travel to the city’s important job areas and luxury housing regions. Furthermore, Seegehalli’s typical property values are lower than in neighbouring areas, making it an appropriate real estate investment site.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
