Yes its a good thinking because many of MNC,schools, Malls and other basic amenities located in Bangalore East. I owned property from SARAN Developers on Sarjapur road.
If you are going to buy any kind of property in India than here is one of the best option to buy near to Mumbai in least expensive with good high returns and better future development . . .
Check out this link, my apt is for sale, brand new http://www.commonfloor.com/listing/2bhk-apartment-for-sale-in-sarjapur-bangalore-at-mayur-paradise/52e7d0e25c7e4
You can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.
I personally feel that Sarjapur road is a good locality for investment purpose because the area is close to IT hubs. The real estate market in this area is slowly and gradually developing. It is better if you invest in Sarjapur Outer Ring Road stretch, you can expect good appreciation.