Cost of properties in the outskirts of Bangalore is increasing
Real estate in Bangalore has grown sharply than any other cities in India. The real estate prices in the outskirts of the city have grown faster than the inner city area.
The real estate development in the outskirts includes Sarjapur, Hoskote, Bidadi, and Devanahalli areas have grown very rapidly.
It is noticed that those who have purchased flats, villas or plots in the outskirts have earned higher returns on investments.
In early 1990s Koramangala was considered to be outskirts of Bangalore. During that time, the price in Koramangala was just Rs 300 per sqft. In the early years of 2000, Koramangala slowly moved from the ‘outskirts ‘ status to the ‘CBD’ status and the prices in Koramangala during this change-over from outskirts to CBD moved higher than other areas in Bangalore.
If the present outskirts like Sarjapur, Hoskote, Bidadi and Devanahalli will be part of CBD areas in future, there will be a huge price benefit and ROI to be made for all the investments in those areas.
It is analyzed that the prices in the outskirts have appreciated firmly and higher than in the CBD locations in Bangalore.
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Source: Economic Times
Bidadi, Devanahalli, Hoskote, Koramangala, Real Estate in Bangalore, real estate in Koramangala, Sarjapura Road, Villas in Bangalore
HI
we are looking for commercial upcoming properties in the outskirts of bangalore with minimum returns of 20-24% per anum. any properties in your list, we would like to make a visit.
kindly confirm.
Nagendra.g