Not only because that the airport is close is driving residential demand in this stretch but also because of well-established social infrastructure, industrial hubs and commercial developments in Bengaluru north. The current prices are around Rs 2,800-7,000 per sq ft.
Absolutely, if you are looking for long term invest, you can invest in Hoskote-Chintamani corridor. The development in this belt is largely concentrated around plots and a few apartments. Long-term growth is expected in the affordable and mid-range housing segment, due to the availability of large-sized land parcels when compared to the other belts around Hoskote.
The current capital values of residential projects are in the range of Rs 2,500-6,000 per sq ft. The belt Hoskote-Kadugodi-Whitefield corridor offers a wide range of residential options at affordable prices. The average unit size in this stretch ranges between 600 sq ft and 1,500 sq ft.
The real estate market is doing good in the peripheral locations around Hoskote because of the proximity to the airport, IT/ITeS hubs on Old Madras Road, Whitefield, and commercial development in the north-east quadrant of the Outer Ring Road (ORR).
The major belt in this region are the Hoskote-Malur belt, Hoskote-Chintamani belt, Hoskote-Kadugodi-Whitefield belt and Hoskote-K R Puram belt.