Bangalore flooded with plots within Rs 10 lakh
For those who have a limited budget of Rs 5-Rs 10 lakh, the real estate market of Bangalore offers some of the best bets. The realty market of the city offers something for all in its platter, even investors with restricted budget. With property values hitting the roof in the city, availability of plots at such a low price in Bangalore is a reality beyond belief.
In addition to it, according to property consultants, investing in plots instead of apartments has its own set of benefits and advantages. Returns on investment in plots always score high in comparison to other property types. Furthermore, investing in plots offers the option of shaping up individual dream homes, which is a distant reality in other types of property investments.
Sarjapur road grabs attention
Positioned on the ORR (Outer Ring Road), Sarjapur area is a location that has recently garnered the attention of the investors, looking for plots under affordable range. Plots varying between 1200-1500 sq ft are available within the price bracket Rs 350-Rs 650 per sqft. in the area. Values for plots, on an average range between Rs 4- Rs 10 lakh in Sarjapur road. Acquiring a plot at an affordable price on Sarjapur road will yield lucrative returns in future, since it is one of the fastest growing locality in terms of connectivity and capital appreciation.
Investors focus on Devanahalli
Strategically situated to the North of Bangalore, Devanahalli offers affordable plots that are up for grabs. As per market data, plots measuring 1200-2000 sqft are available within the price range Rs 400- 600 sq ft. Hence, a plot sized at 1200 sqft would be priced at Rs 5 lakh. Riding on the back of industrial development in and around the area, buying a plot for 5 lakh in the region can promise fruitful returns in the days to come. In addition to it, consistent infrastructure growth in the area such as road widening project, Bangalore Metro project etc. have further added to the credibility of the region.
Hosur offers channels for growth
Situated to the south of Bangalore, Hosur road is being eyed as a potential area for investment, since it is brimming with affordable plots. Plots sized 1200-1800 sq ft have a potential capital appreciation of Rs 250- 650 per sq ft in the area. Elevated Highway and enhanced connectivity have played a key role in ranking the locality as the next investment destination for affordable plots.
