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As the center of the IT industry, purchasing a plot in Bangalore is the wisest course of action. More so because, in this city, investments pour in not just within the country, but also overseas. Owing to these factors, there have been sporadic developments of plotted projects in Bangalore.
Now, as Bangalore opens up to different industries, there is a surge in the migratory population to the city, thus facilitating habitation and accommodation requirements from diverse sections of society. However, only a select few premium plot development brands have emerged as leaders in Bangalore's plotted segment of the real estate market. Moreover, as the city expands and evolves, there are certain other areas that have emerged as prime hubs for plotted developments, backed by robust infrastructure, strategic location, and promising growth prospects. Let's delve into the emerging plotted development hubs in Bangalore.
Devanahalli: Devanahalli also boasts of plotted developments with good connectivity to highways and main roads. This ensures a steady capital appreciation of plots located in the vicinity. Devanahalli, situated in the north-east of Bangalore, has experienced a remarkable transformation fuelled by its strategic location and robust infrastructure development. The presence of Kempegowda International Airport has catalysed the growth of this region, attracting a slew of residential and commercial projects. Moreover, the proposed Bangalore-Mumbai Industrial Corridor has further heightened interest in Devanahalli, positioning it as a prime destination for plotted development. With seamless connectivity via NH44 and upcoming infrastructure projects, Devanahalli presents a compelling proposition for investors seeking long-term capital appreciation and sustainable living options.
The stretch between Electronic City and Hosur: The exponential growth of Electronic City and its surrounding areas has led to a rise in demand for housing. As many IT and manufacturing companies have set up shops in this area, creating a need for residential plots for their employees. This influx of working professionals has driven the development of plotted layouts to cater to the growing need for residential properties. Additionally, the proposed Peripheral Ring Road promises to improve connectivity and accessibility in this corridor, which will make it easier for residents to commute to workplaces and other important areas, further increasing the attractiveness of the location. As a result of these factors, investors are drawn to this stretch as it proposes the possibility of wealth creation through property appreciation and the opportunity for a good lifestyle with easy access to workplaces and amenities.
Stretch between Electronic City and Sarjapur Road: The corridor between Electronic City and Sarjapur Road is well-positioned with Electronic City being a major IT hub and Sarjapur Road a growing residential area. This mix has created a demand for housing near workplaces. Moreover, the presence of reputed developers like Reliaable and Adarsh has underscored the region's viability as a prime destination for premium plotted layouts. Furthermore, the proposed extension of the Bangalore Metro and the development of the Peripheral Ring Road are poised to unlock additional value, making it an attractive proposition for investors seeking sustainable growth and lifestyle amenities.
IVC Road: IVC Road, situated in the north of Bangalore's outskirts, is known for its scenic landscapes and tranquil atmosphere, offering a retreat from the urban bustle, thanks to its lush greenery and proximity to natural reserves. This makes it particularly attractive to investors seeking a nature-centric lifestyle. However, IVC Road's potential goes beyond its natural beauty. To add to it, proposed infrastructural projects like the Peripheral Ring Road promises to enhance its connectivity and accessibility, making it a well-rounded option for discerning buyers seeking a harmonious blend of nature and future urban convenience.
Doddaballapur: Doddaballapur, located in the north-west of Bangalore, has also emerged as a favoured destination for plotted development, owing to its strategic location and burgeoning industrial activity. The presence of industrial clusters and SEZs has catalysed residential development in this region, with plotted layouts gaining traction among investors seeking long-term capital appreciation. Additionally, Doddaballapur's seamless connectivity via NH44 and the proposed Peripheral Ring Road adds to its growth prospects, making it an attractive proposition for investors eyeing Bangalore's expanding peripheries.
Kanakapura: Kanakapura, situated to the south of Bangalore, has emerged as a promising hub for plotted development, buoyed by its serene environs and strategic location. The region's lush greenery and proximity to natural attractions have positioned it as a sought-after destination. Moreover, Kanakapura's connectivity via NH 948 and the proposed NICE Corridor holds immense promise for its future developments, attracting investors keen on tapping into Bangalore's expanding southern corridors.
The pandemic has altered the choices of home buyers in Bangalore. In search of spacious homes, investors are now actively considering plotted developments that cater to both personal and social needs and Experts anticipate that this property type would continue to remain popular in the upcoming quarters as well. To sum it up, plotted developments in Bangalore have been garnering traction from real estate investors amid the rising demand for larger customised spaces and lower investment risks.
