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Which area in Bangalore is good to buy a new flat for investment if office location is not a constraint?

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2 2020-08-09T15:57:35+00:00
If office location is not a constraint, there are many options that you could explore for buying a property from investment point of view. You can explore options that are located on the outskirts of the city, away from all the hustle and the bustle of city life. Usually when one considers buying a home, they have to factor in the distance of home from their office or workspace. In top cities like Bangalore, traffic is a big issue and you would want to ensure that daily commutation does not consume a lot of time. So this limits your options to localities that are close to tech-parks. But if office location is not a constraint, you can opt for areas away from the city, where rates of properties would be considerably lower. You can buy bigger and better homes for the same amount. Following are some of the areas that you would want to explore in: 1. Kanakapura Road. Many real estate developers have come up with gated societies with good amenities on Kanakapura Road. This region has some properties like that of Sobha & Brigade Group which boast of magnificent views of Turahalli Forest. It's great if you want to go on hikes or cycling on weekends. The property rates of 2/3BHK apartments in these societies is around 70 Lakhs - 1 Crore. Also, Kanakapura Road has 2BHK flats and apartments in standalone buildings under 20-25 lakhs. This area is connected to other parts of the city via Metro and public transport. Kanakapura Road is very close to to Nice Ring Road, if you want to go on drives away from the city. 2. JP Nagar JP Nagar has some good options for property investment in standalone buildings as well as gated communities. Slightly away from the city, JP Nagar is well connected to the rest of the city via Metro as well as public transport. In large gated societies the cost of 2BHK apartments of built-up area around 1000 Sq.Ft is around 60-70 Lakhs and that of 3BHK apartments of built-up area around 1800 Sq.Ft is around 1.1 Crore. While in standalone buildings the cost of 2 BHK flats of similar built-up area is around 35-40 Lakhs. 3. Yelahanka Yelahanka is close to the Bangalore International airport, in the northern part of Greater Bangalore. It is 14 kms away from the city. The property rates are still not that high. The cost of a 2BHK flat of built up area 1000 Sq.ft in a mid-sized residential project would be around 45 Lakhs. The cost of a 3BHK flat of built up area 1200 Sq.ft in a mid-sized residential project would be around 52 Lakhs. The best part about this part of the town is that you will have many options to choose from amongst mid to large sized gated communities. The age of these properties would be around 4-5 years.

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