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Should I buy a home in Bangalore on the Outskirts?


Should I buy a home in Bangalore on the Outskirts?

One of the important financial decisions that an individual takes, usually just once in a lifetime, is that of buying a house. Congratulations, if you too have just taken that decision. In this article, we explore the topic of buying a home on the outskirts of Bangalore. This can help you make an informed decision. So read on. Bangalore today is not just MG Road and Brigade Road. With the huge growth in the IT and ITES sector, the city has expanded in all directions far and beyond the city center. In fact, even the international airport at Bangalore is at the outskirts of North Bangalore.

The usual concerns that people have when considering living in the outskirts are employment opportunities, schools, access to healthcare facilities and connectivity to other parts of the city. Today, Bangalore has developed so much that all the localities that are defined as outskirts, have their own micro zones. Each of these zones are themselves well developed, with good infrastructure, Tech Parks and SEZ parks. Some of the localities that have been developing in recent years are Sarjapur Road, Whitefield, Thani Sandra, Hebbal, Hennur, Hoskote etc. All of these localities have seen massive growth in the last five years. Not only are there developments in the employment aspects, but in all other aspects as well.

Today we are seeing many large tech parks coming up in the suburbs and outskirts of Bangalore. A good example is the large number of offices in Sarjapur Road, Whitefield, Hebbal and Hoskote. These areas have great roads, and the metropolitan of Bangalore is doing quite a lot to build the infrastructure in these places. Public transportation has grown quite a lot in recent years. The metro line project is coming up at a fast pace in all these areas, such that in the next few years, the connectivity would save time and costs significantly. Apart from that, the connectivity projects like Outer Ring Road, Peripheral Ring Road, Inner Ring Road and NICE road serve to reduce the congestion which connects to other locales.

The other benefit is being closer to nature, and away from the crowds and chaos of the city center. It is like living in a large city, but yet being able to enjoy the calm life. This reduces the stress of everyday life, the stress of commuting etc. One can truly unwind after a long day at work. The current costs of purchase would be much lower compared to similar investments in the central area. One can also find homes with larger areas within the same cost brackets. These factors increase the chances of a good investment. With the boom in the real estate market, the price appreciation of land and property is growing at a fast pace. With the outskirts growing more and more popular, the prices are likely to appreciate at a rate of 15% year on year. The well-known builders are also introducing interesting projects in the outskirts, giving the investor a wide variety of choices.

Thus, to conclude, it is definitely worth the investment to buy a home in the outskirts of Bangalore.

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