Bengaluru: The IT capital of India, Bengaluru is certainly a place to bank upon. If you have plans to invest in real estate for good returns in Bengaluru, here is the list of top places you can look for:
HSR Layout has emerged as the most sought after localities offering highest returns in Bengaluru for the third time in a row now. A real estate site survey shows property prices here have witnessed a 54 per cent rise in past six years. One can get a home for Rs 6,294 for every square foot. Also, there are at present 91 ready-to-move apartments and two under-constructions projects.
This location is affordable compared to other locations in the proximity that largely cater to ones working in IT companies. The property prices here have witnessed a steady 21.6 per cent rise in past six years taking the property prices to Rs 4,262 every square foot in 2019. Also, there are 40 ready-to move apartments and 18 under-construction ones, the real estate site read.
Property prices in Bellandur stand at Rs 5,835 psf. This is one of the prime locations in Bengaluru as IT parks lies within 10-km radius. There are 200 ready-to-move in and 12 under-construction projects. The property has seen a 27 per cent in the past six years.
KR Puram has metro connectivity which is its biggest advantage. The locality that has witnessed over 27 per cent rise in property prices in past six years. Property prices are at Rs 4,286 per square foot (psf). There are 140 ready-to-move-in and over 30 under-construction projects in the area.
Whitefield Hope Farm Junction
Witnessing over 33 per cent rise in property prices in the past six years, Whitefield Hope Farm Junctionoffers a square foot of property at Rs 5,253. The property has ample investment options with over 250 ready-to-move-in and 20 under-construction projects.
Hosur Road is a sought-after residential locality owing to its proximity to the IT hub - Electronic City and the Kempegowda International Airport. Property rates have an average value of Rs 3,900 per square feet. The prices start from Rs 40 lakh for a 1 BHK home and go up to Rs 1.4 crore for a spacious 4 BHK apartment.
Kanakapura Road is a south Bengaluru locality with over 5,000 units available, at a price of Rs 5,700 per sqft. Apartments have prices ranging from Rs 31 lakh for a 1BHK house to Rs 8.5 crore for 5BHK unit, according to a real estate site.