Posted on Feb 16, 2013 by admin

The residential belts around the city are turning into premium destinations for both end-users and investors, says Deepti Ganapathy

The city offers value for realty investments thanks to its forte in the IT sector, influx of skilled manpower, pleasant weather and upcoming infrastructure facilities. Many regions in the city will be more investor-friendly in the coming years. This is mainly due to the fact that these locations have the ability to become micro-markets and make way for more development.

The main factors that make this possible are connectivity, the probability of huge infrastructure projects coming up in the vicinity and potential special economic zones generating opportunities for employment.

Here are a few locations spanning across the four corners of the city that you need to watch out for:

Devanahalli

The highly-valued and fast-growing suburb in the northern region with its close access to the international airport, Devanahalli is definitely a micro-market to stay invested in for the long term. With plans of an aerospace, IT and BT special economic zone and a definite growth trajectory owing to the expansion plans of the international airport, this region is in demand for realty development.

"Some of the key factors driving the growth of the office market in the city include the improving residential catchment in the region with numerous residential projects being developed across Bellary Road, Yelahanka, Sahakaranagar, Amruthahalli, Jakkur, Hennur Road and Thanisandra Road. A number of infrastructure projects currently underway which when completed will vastly improve connectivity, including the elevated highway to the international airport and extension of the Metro to the airport through Nagwara junction on the Outer Ring Road," explains Anshul Jain, Chief Executive, DTZ.

Source: The Times of India, Bangalore on 16th february 2013