Bangalore West is Fast Emerging As the Ideal Real Estate Destination

The last few years saw several peripheral areas in Bangalore turning into popular real estate hubs, and latest in the list is the region coming under Bangalore West. 

A strong example is Rajarajeswari Nagar, which was not a much heard name among real estate hubs, but today the place features among the most sought after places viable for real estate investment.

Bangalore west includes the areas between Tumkur Road and Mysore Road. Tumkur Road has plenty of properties to be sold and accounts for most of the real estate activities in this area.

The development process was a gradual activity of years and was initially for the benefit of employees working in firms located here.

Development was in full-swing in the 2000s. And, today, the area is an ideal destination for realty investors. 

Ongoing public infrastructure enterprises that promoted accessibility via Mysore Road, Tumkur Road, the Outer Ring Road (ORR),BMIC expressway, and the NICE Road have been great contributors.

The nearly-functional Bangalore Metro service and the scheduled Peripheral Ring Road (PRR) plan, have paved way for several existing and different localities to open up for residential and retail development. 

And, the options available here are many. The demand is more for hi-end properties in areas such as Malleswaram, Chord Road and Yeswanthapuram. The takers include IT professionals, large organizations and high net worth individuals.

A 3 bhk apartment in these areas could cost approximately two crores depending on the size, builder, location and nearby localities.

The prime factor behind this is the improved connectivity to many of the city’s commercially crucial locations.

Statistical datafrom Cushman & Wakefield, talks about 25-30 percent appreciation possibilities with about 30 percent of rental returns. All the different housing segments in this region are growing. 

And, residential demand for properties in other sectors is also on the rise in Western areas.

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