Planning to buy plot in bangalore for investment purpose
Q: I am planning to buy a plot in Bangalore and my budget is 10 - 15 lakhs and this will be for investment purpose for long term. My prefered areas are kanakapura road, kengeri, kumbalagodu of mysore road. Please advice about these locations and approx price per SFT. Thanks Sai
Kengeri area is developing slowly but gradually. Namma Metro corridor will be extended up to Kengeri Satellite Town from Nayandahalli on Mysore Road. The area is close to the Outer Ring Road and thus has good connectivity. The rate per sqft going on in Kengeri is Rs 3200. The area can be a ideal choice for long term investment. :) :D
I agree with Amreesh. The current rate per sqft going on in this project is Rs 4100. Some good plotted development in Kanakpura Road are Brindavana City, Global Garden City, Oasis Prakruthi and MCB Assetz Woodsville,
Kanakpura can be a good choice for investment purpose. The area witnessed a sudden growth in the real estate with tall multi-storey apartments, and exclusive enclaves in the middle of narrow lanes. Kanakapura Road will be a better option and you can also expect future appreciation in this area as the area is surrounded by many educationally institutions and the connectivity is also very good. Kanakapura road has become a prime hub for real estate development since last 2-3 years. The residential real estate activity along Kanakapura Road is expected to rapidly expand with the arrival of Metro Rail network.