Marathahalli: Invest for higher rental returns
Spending for higher yields is by far, the most common objective for an investor and Marathahalli, Bangalore is the apt location for such an approach. According to market statistics, purchasing an apartment of Rs 40 lakh(average) can fetch a rental yield of Rs 16000-Rs 17000 per month in the area. In terms of top grosser per annum, Marathalli ranks ahead of other localities in the city at 4.94%.
The list of benefits for an investor in Marathahalli, is not bounded to higher rental yields. With a growth rate of 9% during the 3Q2013, the locality meets the growing aspirations of investors and end-users with ease.
Why Marathalli is a high performing locality?
With Chinnapanahalli in north, Panathur in south, Old Airport Road in west and Varthur in east, Marathahalli has emerged as a potential suburb in Bangalore. Proximity to Whitefield, Electronic City, HAL Airport and Sarjapur Road have further added to the credentials of the region.
In a move to widen the periphery of the locality a number of IT sectors have hit it big, hence the need for commercial and residential spaces emerged. With time, Marathahalli has evolved into a concrete locale and the margin for both sale and rental value have shot up significantly.
According to property analysts, one of the biggest benefits offered by this locality is its unparalleled connectivity via the ORR. Around 1-2 km from the locality, the Outer Ring Road adds to the essence of the area. Commuters can access the HAL Airport road and Kundalahalli area from the 6-lane railway overbridge that begins from Marathahalli Junction.
Attractive properties and their values
Close proximity to prime locations such as HSR Layout, KR Puram and Whitefield stands out as an essential aspect, driving property value in Marathahalli. From expert’s point of view, buying an apartment in Marathahalli is easy on the pocket that availing one in Whitefield. This is due to the reason that in Marathahalli, an average of 1000 sq ft would be available at Rs 40-Rs 45 lakh and the same size would be sold at Rs 45- Rs 50 lakh.
Developers confirm that Marathahalli is buyer’s market, and there are ample properties available. Nearly 20 new projects are under-construction in the area. Some of the key developers who have emerged with multi-storey projects in the area include- Green City Homes, Mantri Developers, Assetz Homes, Nitesh Estates and Isha Infra Projects.
