Check Out Localities Offering Highest Returns In Bengaluru
Bengaluru is certainly one of the best property markets to bank upon. Various global and local reports indicate this is one of the most promising real estate spot internationally. So, if you are planning to make an investment in real estate for good returns, PropGuide lists some of the best property markets in Bengaluru on the basis of highest returns.
For the third time in a row, HSR Layout has emerged as one of the top localities offering highest returns. Property prices here have witnessed a 54 per cent rise in past six years, data available with PropTiger.com show. Those planning to invest here will have to spend Rs 6,294 for every square foot, and could buy apartments in 91 ready-to-move-in and two under-construction projects here.
Also read: This Is Where Bengaluru Is Looking For Homes
Whitefield Hope Farm Junction
One of the major IT hubs of Bengaluru, Whitefield Hope Farm Junction is emerging as a sought-after destination for those looking for residential property. This the first time the locality has made to the list after it witnessed over 33 per cent rise in property prices in the past six years. The locality offers a square foot of property at Rs 5,253. The property has ample investment options with over 250 ready-to-move-in and 20 under-construction projects.
One of the oldest residential localities in Bengaluru, KR Puram lies in proximity to some of the important IT hubs and enjoys Metro connectivity. The locality that has witnessed over 27 per cent rise in property prices in past six years, and offers property at a price of Rs 4,286 per square foot (psf). There are plenty of investment options with over 140 ready-to-move-in and over 30 under-construction projects in the locality.
Bellandur is known to be one of the prime property markets of Bengaluru with some high-end projects located here. With IT parks lying with 10-km radius, Bellandur is the choice of location for many working in the companies here. The locality, given its popularity, has witnessed a price rise of nearly 27 per cent in the past six years— property prices here stand at Rs 5,835 psf. The locality also has ample investment opportunities with over 200 ready-to-move in and 12 under-construction projects.
A fast-emerging locality, Budigere Cross has become a choice location for those planning to buy at an affordable price when compared to other residential localities in its proximity that serve a large population working in nearby IT companies. The property prices here have witnessed a steady 21.6 per cent rise in past six years taking the property prices to Rs 4,262 psf in 2019. The locality has over 40 ready-to-move-in and 18 under-construction projects on sale.