Bangalore real
estate is growing by leaps and bounds, and has attained a high amount as
capital value appreciation in all segments of real estate. A lot of real estate
projects have come up in the city, taking advantage of the growth of the city.
But, the value appreciation has also made real estate in the main city
unavailable for many. The developed areas have seen a high rise in prices but
in the present scenario do not have much potential to show long term gains.
With new
companies and entrepreneurship increasing in the city, Bangalore has a lot of
potential to grow in terms of real estate. But, if you think you can’t afford
the property that you are looking for you can always go for other investment options.
There are quite a number of areas where one can invest and buy land for sale in Bangalore. Open land can prove a
very profitable investment in long term. Land hardly loses value over time, and
once you have vacant land you can use for other purposes.
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| Courtesy: Net |
When buying land
one needs to check with certain details, like if the land is agricultural or
non agricultural. Agricultural land cannot be used for construction purposes.
But, even if you are purchasing Non-Agricultural land you need to check that the
land is not a part of any Government project, that is, if it’s included in expressway
project or it might be part of some power project.
It is typically
easier and affordable to buy residential land in Bangalore. It’s an upcoming
market and is in the affordable range for many who still want to invest in real estate but do not want
to go for constructed property. One can look for residential land space in and
around these areas:
- Devanahalli
- Yelahanka
- Bannerghatta Road
- Sarjapur
These areas are
upcoming real estate areas and have some good options for investing in a plot
in Bangalore. Devanahalli lies
closer to the airport and is soon to see fast track development. The
infrastructure in the area is quite developed. Yelahanka is also popular suburb
of Bangalore, while Banerghatta lies closer to Electronic City and is a growing
residential and commercial area. If you are looking for profitable short term
investments then buying land is a good option.
