Buying a property undeniably is a time consuming and hectic task and it requires real estate knowledge and if you don’t have it is recommended to do a research to understand the basic knowhow about the market before diving into this loch. While looking to buy property there is various aspects to consider like location, amenities, builders, property prices, connectivity, and good social infrastructure.
Each aspect has their own importance and play their significant part in the bringing you good amount of profit on your investment over years. When you consider locations there are other factors to be checked in the area like the public and social infrastructure such as roadways, public transports like bus, rail, metro, airport; neighborhood; entertainment and shopping malls; educational institutions like good schools and colleges; office locations, and other features.
Easy Connectivity and Development
Recently, Bangalore City has been witnessing development in chief infrastructures like Metro connectivity, access to the Outer Ring Road (ORR), expansions of roads. The West Bangalore that is seeing impetus from IT/ITeS sector had a drawback in growth because of deficiency in connectivity. Due to the well-developed or developing infrastructures, some locations in Bangalore City are going through remarkable changes and substantial growth that includes Rajajinagar, Yeshwantpur, Magadi Road, Tumkur Road, etc.
In the north, the launch of new international airport triggered the development of social infrastructure and also the projected Financial City, Aerospace Park, and IT/Hardware Park are considered as the main contributor for generating jobs in this location. The Elevated Expressway to the airport has drawn a remarkable change to north Bangalore that has made commuters to reach Hebbal at ease.
Presently, many homebuyers are giving more importance to residential properties that are located close to schools and colleges, while the next aspect they look for is healthcare facilities in the area.
Locations driven by good Social Infrastructure
The starting of commercial and residential growth gave momentum to the development of social infrastructure. Today, East and South Bangalore are witnessing good progress in the development of social infrastructure, while North Bangalore is also seeing significant growth in social infrastructure and its closeness to international airport is making it a desirable location for investors looking space for office setup.
The Central Business District (CBD), Indiranagar, Koramangala, and south Bangalore with best F&B, retail, schooling, and connectivity through public transportation is one of the most lavish micro-markets of Bangalore and was most favored destinations once.
With the establishment of NICE Road, future Metro and existence of a couple of good schools, now the preferred locations in the city are Kammanahalli Road, Thanisandra Road, Whitefield, Electronics City, Bannerghatta Road, Hennur, and Kanakapura Road.
In the long run, with several newly proposed Special Economic Zone (SEZ) projects and tech parks being under constructions, and many corporates setting up their campuses, North Bangalore is considered to emerge as the ‘New Bangalore’.
With the changing trend in social infrastructures, many developers are compelled to come up with mixed-use developments like commercial, residential, and retail housing as well as few well-known educational institutions.
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