Q: I was planning to invest in Bangalore East but my friends are telling me to invest in Bangalore West. I am a bit confused. Post your valuable comments and share your ideas.
It is a very good idea if you are planning to buy property in Mysore road. As far as I know you can get good returns in future as it is an ideal location for families to settle down and also offers great connectivity to all parts of Bangalore. Residential apartments are quiet famous here, It is good for both long term investments as well as end use purpose
It is profitable to invest as the area is well connected and you can get apartments and properties at an affortable rates. As the area is close to IT hubs and business district, it is expected that the property price will increase and good returns can be expected in 3- 4years.
West Bangalore was once dotted with dense residential layouts and industrial zones along the Mysore Road. However, now the scenario has changed and numerous real estate projects have replaced the once vacant land plots in the area. Developed infrastructure has played the role of the most significant player in turning the western part of the city in to a real estate destination. But West Bangalore is good for long term investment.
Some of the prominent localities of West Bangalore are- Basaveshwara Nagar, Malleswaram, Rajajinagar, Vijayanagar, Kamakshipalya, Tumkur Road, Yeshwantpur and Mysore Road.The region has witnessed widespread residential expansion in the recent past and realty developers are increasingly heading for the western part for projects.
Old Airport Road and Old Madras Road, the two major road in East Bangalore define connectivity in the region and connect it to different parts of the city. KR Puram, Hoskote and Whitefield have the maximum demand in comparison to other localities in East Bangalore.
I would advice you to invest in Old Madras road. Old Madras Road, the much talked about area of east Bangalore has gained significant prominence among the homebuyers due to enhanced connectivity and improved retailing scenario. The residential real estate demand in the region is mainly driven by IT/ITes employees since the area is 25 minutes drive from MG road and is adjacent to IT hubs ( such as electronic city, Whitefield, Outer Ring Road and secondary business districts). Proximity to NH4 and NH7 further adds to the number of reasons for the surge in real estate activities in the region.
East Bangalore was home to a number of manufacturing units which has played a special role in the growth of the region. The establishment of EPIP Zone along with ITPB, set off the residential and subsequent commercial growth in the region. Proximity to ORR, together with availability of huge graded office space lured a number of IT/ITes entities in the eastern region. This, eventually, fuelled the need for residential real estate growth in the region.
Areas such as CV Raman Nagar, Old Mdras Road, Whitefield, KR Puram, Mahadevpura, Kadugodi,Brookfield, Old Airport Road and Hoodi Circle ranks top in the list of preferred residential destinations for IT professionals. The above mentioned areas witnessed the launch of several projects in 2007, in the price bracket Rs 2200- Rs 3000 per sq ft, which have a resale value of Rs 4700-Rs 5800 per sq ft at present. So you can make out that if you are buying a property now you can surely expect good returns after few years.