Old Madras Road or OMR was primarily an
industrial area which housed many industries. Over time, industrial factories
like Tin factory and other factories have slowly shut down due to pressure and
change in taste and preference of people. So this area which was earlier
considered as an industrial area has now given way to residential apartments
and retail spaces. This place is being especially developed by premium builders
as they are catching up the trend of the affluent who want to invest in good quality apartments which are spacious and well built. One important factor that
is increasing the demand for homes in this area is the Bangalore Airport which
is being considered to be an important attraction. Added to it, there is a
metro terminal coming up in Byappanahalli which will considerably improve the
connectivity. People have a lot of facilities at close proximity which is
giving a great impetus to this area for development.
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| Image Courtesy: Net |
There are many flats in Old Madras Road for sale. As this place is picking up at a
rapid speed, this is the best time for investment. Right now, the rates of
apartments are reasonable. Very soon, all this is bound to change. Some places
in Bangalore which were considered to be outer areas are now premium locations.
Whitefield is one such area which has witnessed a high growth rate. The
presence of the Outer Ring Road near this area is an added advantage. Whitefield
also being in close proximity will result in a spiked growth of this area. As OMR
is being newly developed, the architecture and designing of the premium
apartments are designed in an eye catching manner and are developed with giving
special provisions for modern living.
Old
Madras Road flats for sale are a good investment opportunity
which many have understood. It would be wise if a positive decision is taken as
this area is set to develop at a very fast pace and the people who invest now
are bound to reap benefits in the near future. The value of the asset will
surely triple within a short span of time. This area is a good choice for
residing and also if you are looking for investment purpose.
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