Is East Bangalore a Lucrative Real Estate Investment Option?
Bengaluru, dubbed as the Silicon City of India, is where every urban Indian wishes to settle. Bustling business hubs, rapidly improving infrastructure, an impressive social infrastructure and a favourable climate contribute to the liveability index of the city.
The eastern quadrant of Bengaluru is at the forefront of massive development in employment opportunities, urbanisation and social life, making it an attractive destination for homebuyers and investors.
In this blog, we will discover why investing in properties in East Bengaluru is worthwhile and explore the top areas in this region that are garnering the most attention.
Top Areas to Invest in East Bengaluru
With the demand for commercial and residential properties rising, investors are eagerly exploring opportunities in East Bengaluru’s dynamic real estate market. Here are some of the top areas that are becoming investment magnets and will continue to be so in the years to come.
Once a quaint hamlet and home to Anglo-Indian and Eurasian settlers, Whitefield witnessed its awe-inspiring transformation following the establishment of the International Tech Park Bangalore (ITPB) in 1994.
Today, Whitefield is a bustling nexus of IT and ITES centres, renowned educational establishments, medical facilities and a vibrant social scene, making it an idyllic haven for those desiring an all-inclusive living experience.
A robust grid of roads and metro facilitates seamless connectivity between this rapidly growing neighbourhood and the rest of Bengaluru. The well-maintained four-lane Whitefield Road links the locality with the rest of the city through Mahadevapura, while Varthur Road further enhances connectivity via Marathahalli.
Upcoming infrastructure development projects like the Peripheral Ring Road will ease commuting to and from Whitefield. The soon-to-be operational Namma metro purple line connecting Whitefield to Challaghatta will bring a sense of relief for daily commuters in the city.
When it comes to the suburbs in East Bengaluru with a high return on investment potential, Dommasandra deserves special mention.
Dommasandra rose to prominence in the real estate market at an impressive pace, thanks to its infrastructure growth and connectivity with the key employment centres of the city. SH-35 is the area's lifeline that connects it to the rest of the city. The road recently underwent significant facelifts in the form of wider lanes and improved signages, augmenting the convenience and safety while driving on this road.
The city suburb is close to Sarjapur Main Road, a major arterial road in Bengaluru, further improving the area's connectivity to the rest of the city.
Apart from the infrastructural growth, serene surroundings and cultural heritage add value to the real estate worth of Dommasandra. Chikkatirupathi and Dommasandra lakes paint a tranquil picture of the area, much to the delight of its residents. Sri Thirumalai Venkateshwara Swamy Temple is the cultural insignia of the city suburb.
Located between two significant IT parks, Whitefield and Electronic City, Sarjapur Road has considerable clout in the real estate sector. The proximity makes it a prime location for working professionals seeking accommodation near their workplaces. With the flourishing IT industry, the demand for residential properties on Sarjapur Road is expected to soar. For Instance, Brigade Cornerstone Utopia is located conveniently on Whitefield - Sarjapur Road.
Sarjapur Road boasts many educational institutions, healthcare facilities and entertainment centres, making it an ideal choice for families.
The ongoing infrastructure development, including the proposed Peripheral Ring Road (PRR) and the metro line between Sarjapur and Hebbal, will enhance accessibility, promoting the area's real estate worth.
Being the epicentre of tremendous infrastructural growth and the IT sector prominence, Budigere Cross has etched its mark in the real estate map of East Bengaluru.
Renowned IT parks such as The International Tech Park, Manyata Tech Park and EPIP Zone – home to multiple multinational companies – are easily accessible from Budigere Cross. The KIADB industrial area in Hoskote is also in the vicinity, making the area a favourable destination for those looking to invest in commercial and residential places. Brigade Calista, a high-rise gated property at Budigere Cross has launched its phase 2 featuring 2 and 3 BHK luxury apartments with top notch amenities.
Commuting to the aforementioned employment centres is convenient and less time-consuming, thanks to Budigere Cross's proximity to critical arterial roads such as Outer Ring Road, Old Madras Road and Whitefield Main Road. The KR Puram-Byappanahalli metro station is at a distance of 13 km, enhancing accessibility to the rest of Bengaluru.
Why Should You Invest in East Bengaluru?
Here are some factors justifying investment in real estate in East Bengaluru:
The thriving employment sectors in the adjoining areas are prompting people to make East Bengaluru their permanent residential address. The Government of India, along with the state government, are constantly improving the transportation network to ease residents' commutes to their workplaces. The development efforts will continue enhancing the connectivity, significantly skyrocketing the area's real estate value.
The metro line extension to East Bengaluru has reduced travel time to other parts of the city. The proposed Peripheral Ring Road (PRR) project is expected to further improve connectivity.
There are extensive green buffer zones in the eastern part of Bengaluru, making it one of the city's most sought-after places to live. Despite being a highly active business centre, it retained its natural beauty, enticing people to invest in apartments in East Bengaluru.
During the monsoon season, the landscape is adorned with eucalyptus and coconut plantations. Multiple water bodies such as Bellandur Kere, KR Puram Kere, Vatur Kere and Yellamallappachetty Kere add to the aesthetics of the eastern part of Bengaluru.
East Bengaluru owes it to the world-class social infrastructure for its growing relevance as a real estate investment hotspot.
From esteemed international schools to top-tier medical centres, the locality offers residents easy access to top-notch educational and healthcare services.
The eastern province of Namma Bengaluru is dotted with numerous recreational options to keep its residents entertained every day of the week. Whether craving a desi or a continental delicacy, a sudden yearning for retail therapy or catching up with the latest movie releases, the plethora of shopping malls, multiplexes, restaurants and cafes address all needs.
For those who seek outdoor activities, there are beautiful parks and gardens, such as Lalbagh Botanical Garden and Cubbon Park, where people can unwind and enjoy nature amidst the city chaos.
The ongoing infrastructural improvements, proximity to thriving IT/ITES hubs and enhanced connectivity will continue to contribute to the real estate value uptick of the eastern quadrant of Bengaluru.
As the region continues to attract multinational corporations to set up their operations, the demand for housing is expected to rise, fueling the appreciation of property values.
Capitalising on the trend, builders are launching multiple housing options, including high-rise apartments, villas, etc., suiting varied preferences and budgets. The emerging housing projects add to the area's value appreciation, drawing more investors' interest in residential projects in Bengaluru East.
The designation of several areas as Special Economic Zones (SEZs) makes East Bengaluru a magnet for diverse businesses. From mid-level start-ups to well-established corporate giants, all flock to the area to do business while enjoying tax benefits.
The influx of companies has transformed East Bengaluru into a booming enclave of job opportunities. Notable IT parks such as the International Tech Park Bangalore (ITPB), Brigade Tech Park and Export Promotion Industrial Park (EPIP) have played a pivotal role in elevating the area's reputation among job seekers.
The surging employment opportunities have prompted people to opt for apartments in East Bengaluru to stay close to their offices. Investors in the real estate sector can capitalise on this trend, attracting high-quality tenants and ensuring a steady and reliable stream of rental income.
East Bengaluru's robust infrastructure, thriving job market, proximity to educational and healthcare facilities and upcoming real estate projects result in a consistent upswing in the region's real estate worth. However, it is essential to conduct thorough research, read through the market trends and seek professional advice before making a decision as crucial as a real estate investment.