Bengaluru, Karnataka, India
Bangalore is the favourite city among tech minds and continues to entice people worldwide. The IT boom transitioned its originality from a slow-paced metro into a sophisticated buzzing town whose broad innovation ecosystem offers immense possibilities for future growth. Silicon City’s demography has proven advantageous for the real estate market, with buyers making a beeline to the city and purchasing homes designed to match their lifestyle.
Bellandur is one of the most well-known areas and a significant transit point between eastern and southern Bangalore. Among the other fastest-growing regions in the city, Bellandur has noticed optimistic growth in its real estate market.
Bellandur is known for high-end residential projects, and demand for reasonable housing has also grown. Earlier, a mainly rural zone, the IT boom from the 1990s has drastically converted the area, recognising its thriving residential sector due to multiple SEZs and corporate offices.
The locality connects to Electronic City's prominent cities, Marathahalli and Old Airport Road. It is a primary spot to reach Whitefield and the Silk Board, placed at opposite ends of the area and has ideal connectivity to the HSR Layout.
The transition of this location is because of its clever placement on the map. BMTC bus services associate this place with other parts of the city via the outer ring road (ORR), stretching from JP Nagar to Whitefield via Bellandur. The 8-lane Peripheral Ring Road will also ease traffic load in the entire area and connect it to the recognised hub like the international airport in the north.
The real estate potential in Bellandur has been relatively stable and matches with other eminent city markets. The region's competitive property rates and strategic surroundings are pivotal growth factors. The Capital values by 5 per cent, rising from Rs 5,500 per sq ft to 5,800 per sq ft. Also, these rates will advance further with the expansion of Namma metro lines in closeness to Bellandur.
Due to numerous business districts in the vicinity, working professionals throng this place. Many working professionals lookout to be in the area closer to their workspaces and opt for rental options. Considering Bellandur as an investment option, rental returns are attractive, with the rent anywhere between Rs 12,000-Rs 2.8 lakh per month.
Bellandur is a locality that holds many prospects for homebuyers and investors. With proximity to tech parks, schools, colleges, and hospitals, along with the availability of affordable and mid-segment properties, the demand for housing options in Bellandur has increased in the recent past. The stretching of the Namma Metro project from Baiyappanahalli to Whitefield and RV Road to Bommasandra will shoot up the housing demand further, bolstering real estate prices.
Godrej Splendour is an upcoming new-launch integrated township development in Bellandur, East Bangalore.
The nearest landmarks to Bellandur are Phoenix Market City, Forum Neighbourhood mall and HAL airport.
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