Hostoke v/s Tumkur

Q: Me and my brother are planning to invest in Bangalore city. But we are confused between Tumkur and Hoskote. Please help with the good option

Kanishka Sen, Bangalore

3rd December 2014

Locality Review in Bangalore

buying property

apartments in hoskote

locality review

bangalore real estate market

projects in hoskote

apartments in tumkur

projects in tumkur road

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Replies (4)

Both Peenya and Yeshwantpur industrial areas along Tumkur Road are an added advantage. The residential areas that have gained from these industrial zones are Yeshwantpur, Jalahalli and HMT layout. And the rise in popularity of this region and the catchment market can be attributed to three key reasons - availability of land for future development, growth of healthcare facilities and improved connectivity through NICE Ring Road.

Hemraj Jha, Bangalore

4th December 2014

Comment

From ROI point of view, Tumkur road is on a better note than Hoskote as seen above.

Rajiv,

4th December 2014

Comment

Provide me what is the current price trends going on in both the localities. What I feel is that investing in Tumkur road will fetch us good returns in the coming days?

Kanishka Sen, Bangalore

3rd December 2014

Comment

One can clearly see that the average price per sq. ft. in Tumkur was around Rs 3,489 in Oct 2013 which increased to approximately Rs 4,900 in January 2014 and further increased to Rs 5,600 in April 2014 while in June 2014, prices were approximately Rs 5,800 per sq. ft. The appreciation of price in this locality is mainly due to the announcement of Tumkur as a smart city. One the contrary, in Hoskote the price shows less appreciation. In Oct 2013, the price was approximately Rs 3,485 per sq. ft. which appreciated to Rs 4,100 in January 2014 and continued till March 2014. It dropped nearly to Rs 3,800 in April 2014 and continue to remain stagnant. However, the government has taken up few initiatives for the development of the area in the near future

Rajiv,

4th December 2014

Tumkur has immense potential for future real estate development once it gets converted into a smart city and a good industrial hub. Moreover, infrastructural development will also benefit the micro market. Long-term appreciation is assured as West Bangalore strengthens its value proposition as a growth corridor. However, it is recommended that, in the short term, investors must shy away from luxury and high-end residential options at this point of time.

Vaibhav Bhatnagar, Bangalore

3rd December 2014

Comment

Going by the trend, Tumkur road is mostly preferred by end-users as it houses several commercial and retail complexes coupled with few industries. On the other hand, Hoskote is an investors delight since the region is still developing at this stage and real developments are expected to be seen only 5 years down the line.This region is where all the action will happen in the next 5-10 years. Proximity to the Airport, ease of access to the city (via Bellary Road), Manyata Tech Park, good infrastructure, etc. are a few reasons why North Bangalore is the no. 1 investment destination in Bangalore Real estate

Hemraj Jha, Bangalore

3rd December 2014

Tumkur Road project has eased up congested roadways in the residential cum industrial western quadrant, making travel easy to North Karnataka at one end and Mumbai at the other end. The elevated road and the NH has made life easy for 1.3 lakh daily commuters. The region has also been identified by leading developers as high potential growth area.

Vaibhav Bhatnagar, Bangalore

3rd December 2014