Best Place to Invest in Property in Bangalore
Bangalore is known for its pleasant climate, eye-appealing gardens, mouth-watering cuisine, and the IT industry. Over the years, the city has observed rapid growth in employment opportunities and infrastructure development. Therefore, it has become the top choice for real estate investors.
If you are also looking for the best place to invest in Bangalore, read this post. We have picked top neighbourhoods in the city where rental property investment can give you a steady stream of income.
1. Whitefield
Whitefield, the tech hub of the city, is the best place to invest in Bangalore. Since several IT companies and startups have a presence in the area, the demand for rental properties is high here.
Whitefield has several prominent medical facilities at close distance. Vydehi Institute of Medical Sciences & Research Centre, MVJ Medical College, and Research Hospital are a few prominent medical colleges to name. Besides this, Whitefield has several educational institutes and recreational areas.
The Whitefield neighbourhood has better connectivity to the rest of Bangalore. After the Namma Metro connectivity, Whitefield has become a real estate hotspot.
Whitefield has a planned infrastructure with wide roads and a lot of green spaces. Therefore, demand for property in the region is very high.
2. Bellandur
Bellandur is another prime location in Bangalore where you can buy property. This rapidly growing neighbourhood is close to prominent IT hubs, Bangalore-Mysore Expressway, and several school colleges. Furthermore, it is adjacent to HSR Layout and Sarjapur Road.
Bellandur has the potential for the highest rental yield in Bangalore, thanks to IT parks like Ecoworld and Ecospace.
The area has become a popular choice for IT professionals. Since it has numerous shopping centres and educational institutes, it is a perfect area for families as well.
You can invest in a wide range of housing options in the area, from affordable flats to luxury apartments.
3. Sarajpur Road
Situated in the Southeast of Bangalore, Sarajpur is a well-liked neighbourhood in the city. The locale has experienced substantial infrastructure growth in the past few years.
Numerous commercial and residential projects have come up in Sarajpur As a result, property investment has gained traction in the area. It is becoming increasingly prevalent among investors and homebuyers.
The area provides smooth accessibility to notable IT hubs, such as Whitefield, Electronic City, and Koramangala. Sarajpur connects to the rest of Bangalore via Outer Ring Road.
Sarajpur has several educational institutes, shopping centres, hospitals, and lakes. Consequently, residents get a perfect blend of nature and modern facilities.
Individuals looking for the best rental yield in Bangalore can also consider the region of Sarajpur Road.
4. Electronic City
Individuals looking for the best place to invest in Bangalore can’t ignore Electronic City. It is home to prestigious corporations, including Wipro, HCL, Infosys, Siemens, TCS, and more. Therefore, the locale has a huge demand for accommodation.
Located in the Southern Part of Bangalore, Electronic City is encircled by numerous top-notch schools, hospitals, shopping malls, and entertainment centres.
The Electronic City also has numerous parks and gardens. Hebbagodi Lake Park and Hiranandani Upscale Park are two prominent ones.
If you are looking for a profitable opportunity for real estate investment in Bangalore, Electronic City is an excellent option.
The area can offer you a steady rental income as it is in high demand for housing by IT professionals.
5. KR Puram
KR Puram, or Krishnarajapuram, is another prominent place to invest in property in Bangalore. The suburb falls on the eastern side of the city.
Earlier, KR Puram had several small villages with agricultural land and mango orchards. Today, Krishnarajapuram is one of the most flourishing areas in Bangalore.
It is witnessing several ongoing infrastructure projects. If you want to invest in property in this area, it can lead to a capital gain in the future.
KR Puram is easy to access from other parts of Bangalore, thanks to its elevated corridor. The corridor has significantly increased the demand for real estate in KR Puram. Still, the area has relatively affordable properties compared to other upscale neighbourhoods in Bangalore.
6. Panathur
Real estate investment in Bangalore is on the rise. Panathur is one of the areas where rental property investment can be very lucrative. The area is near the Ring Road that connects it to North Bangalore and South-east Bangalore.
Prominent IT parks, including Cessna Business Park, Embassy Tech Village, and Bagmane Tech Park are not too far from Panathur.
Residents have numerous options for restaurants, clubs, shopping malls, and entertainment arenas in the area.
7. Hennur Road
Located in North Bangalore, Hennur offers the best property to buy in Bangalore. It is one of the most developed areas of the city. Both Kempegowda International Airport and Cantonment Railway Station are adjacent to Hennur.
Besides this, the area has many metro stations in a radius of 5 to 7 km. Individuals who want to buy property in the area can enjoy proximity to several medical and educational institutes.
8. Banashankari
Banashankari is another best place to invest in Bangalore. The area is named after the Banashankari temple, which was built in 1915. The locality features a rich cultural heritage and a diverse population.
Once Banashankari was a small area. However, today it has emerged as a prominent centre of development.
Generally, Banashankari is a residential area with various housing options. If you’re interested in apartments, flats or gated societies, Banashankari won’t disappoint you.
Coming to the connectivity, Outer Ring Road and NICE Road make it well-connected to all prime locations of Bangalore.
Conclusion
Bangalore offers several opportunities for property investors. It has a flourishing real estate sector due to its IT sector, growing job market, and pleasant weather.
When it comes to the best place to invest in Bangalore, the above-mentioned neighbourhoods are an ideal choice. All these locales are going through tremendous growth. It is advisable to do careful planning before investing in property in Bangalore. Keep a close eye on market trends. If you are not sure about property investment in the city, seek guidance from real estate experts.
