Promising Future for Investors Putting their Money on Properties in Bangalore

The existing townships around the Peripheral Ring Road area are expected to undergo price escalation, in the months to come. Qatar Investment Authority' has decided to invest a considerable $300 million in city's real estate and that is a good news for realty market in the city

Real estate Bangalore has always been a topic of discussion among realty pundits, thanks to the stronghold on infrastructure and the boom of IT sector in past few decades. Like in other metros, the capital rates have undergone a good escalation this year too. The percentage hike in properties is anywhere between 10-100%. With the arrival of new guidance values for residential and commercial values, the prices are expected to tread an upward path. Investors who are looking for long-term returns can rake in mullah with the appreciated property prices

Apartments for sale in Bangalore can be chosen in different localities as per the current rates going on in each one of them. For instance, a buyer eying a two-room apartment in the price range 30-70 lakhs can make a choice among the localities like Tumkur Road, Electronic City, Whitefield, and Outer Ring Road. In Electronic city, the psf (price per square feet) rate in July stood at Rs. 3238/- while a buyer searching in Whitefield, can make a purchase at a similar rate of 3533/ sq. ft. At Gachibowli, the rate is little higher at Rs.3700/ sq. ft.; at Kondapur, it is Rs. 3234/ sq. ft., while at Hi-tec City, it is around Rs 3872/sq. ft.

With the upcoming Peripheral Ring Road( PRR) project, there is a good chance that there will be too many new launches of Bangalore apartments. The existing towns located around this area are expected to gain good price escalations. The 65-km Sarjapur- Tumkur project has already turned several heads, specially of those developers, who are all geared to set housing complexes and commercial SEZs in the nearby areas. This line shall be covering the plush localities including Marathahalli, Hebbal, Kengeri, Gokula, Madiwala, JP Nagar and BTM Layout. The rates of apartments in these particular localities are expected to rise considerably.

For an average psf rate for a properties in Bangalore, there has been an escalation of about 6% in past 12 months. As the predictions are largely on the positive side of the graph, a plentiful of international companies are on their road to afloat new projects here. Qatar Investment Authority's decision that it would invest a large sum of $300 million in city's realty market is a good news. As there are many more projects in pipeline, it is clear that apartments apartments for sale in Bangalore shall bring profits for investors, in the months to come.

Search properties Makaan.com is India's property portal where buyers can look out for houses and office spaces for buying or renting. Flats, luxury houses, villas, bungalows, land, and shops can be searched on the basis of location and price rates.