With fast pace development in the ‘IT’ City Bangalore, many localities have emerged in recent years that are offering quality living to the homebuyers. One such locality which has witnessed a huge change in the past few years is Hennur Road. Located in North Bangalore, this locality which was once a village in the past today has become a haven for mid-segment and luxury class homebuyers. The USP of this locality is its proximity to the Bangalore International Airport, and leading IT parks which paved way for developers and homebuyers to invest here.
Take a look at various other factors that makes Hennur Road an ideal location for investment:
Being closer to Airport, Hennur Road enjoys seamless connectivity to other areas of the city via a network of state-run local buses. The locality is just 45 minutes away from the airport and hence is majorly attracted by working professionals who are prospective homebuyers too.
Hennur Road is home to a plethora of infrastructure development like leading educational institutions, colleges, corporate parks, IT companies, MNCs, etc. Some of them include Manyata Tech Park, Kirloskar Tech Park, IBM, Microsoft, Philips, and Rolls Royce. Apart from this, wide roads, good water and electricity supply, malls, grocery stores, etc. are other reasons which make this area popular among homebuyers.
Real Estate Market
Hennur road offers surplus supply of high-rise and low-rise apartments, Luxury villas to home buyers. A 2 and 3 BHK apartment is quite favourable among prospective homebuyers; on the other hand, luxury segment has the option to invest in premium and spacious villas. Some of the leading developers present in the area are Purvankara, Goyal builders, Salarpuria, Kolte Patil, etc.
Apart from ready to move in properties, many others are in various stages of constructions. Some of the renowned properties ready for possession are Purva Palm Beach, Salarpuria Sattva Aspire, Kolte Patil Raaga, R and S Woodside, etc.
The average property price here is Rs 5,591 per sqft. A 2 BHK starts from Rs 50 lakhs while a luxury villa comes with a price tag of a crore.
Due to its proximity to IT parks and educational institutions, the rental market of this locality is also quite attractive. At present, the rent of a 1 BHK starts from Rs 9000, while a 2 and 3 BHK starts from 15,000 and 21000 respectively.
So, with ample work opportunities, proximity to airport and presence of sound infrastructure, investing in Hennur Road is not only lucrative but a beneficial option for homebuyers that offer good ROI and rental income to both homebuyers as well as investors.