Bengaluru
Bengaluru, often called the “Silicon Valley of India,” is one of the country’s most dynamic real estate markets. With its thriving IT sector, excellent infrastructure, and growing population, the city has seen rapid urban expansion, leading to skyrocketing property prices in prime locations. However, this surge in property values has also resulted in overlooked areas that offer great potential for both residential and commercial real estate investments.
In this blog, we’ll uncover some of the underrated areas in Bengaluru that are ripe for investment. These hidden gems, although not in the limelight like Koramangala or Whitefield, offer substantial returns in the medium to long term. Whether you’re a first-time homebuyer or an experienced investor looking to diversify your portfolio, these areas in Bengaluru present a world of opportunity.
Why Invest in Bengaluru Real Estate?
Before diving into the underrated areas, let’s explore why Bengaluru is a great city to invest in:
- Thriving IT and Business Hub: Bengaluru is home to global tech giants, startups, and major corporations, creating high demand for both commercial and residential spaces.
- Growing Connectivity: Bengaluru’s infrastructural developments, like the Namma Metro expansion, elevated expressways, and improved road networks, have significantly boosted connectivity across the city.
- High Rental Yields: As a major educational and professional center, Bengaluru sees high demand for rental properties, ensuring consistent rental yields.
- Sustainability and Lifestyle: With a pleasant climate and increasing emphasis on green spaces and sustainable development, Bengaluru continues to be a top destination for professionals, students, and families alike.
Now, let’s take a closer look at the underrated areas in Bengaluru that are showing huge potential for real estate investments.
Hidden Gems for Investment
1. Hennur Road
Once considered a quiet residential area, Hennur Road has transformed into one of Bengaluru’s most promising neighborhoods. Located in the northern part of the city, it is increasingly attracting investors due to its proximity to the tech hubs of Hebbal, Manyata Tech Park, and Bellary Road.
- Why It’s Promising: Hennur Road is well-connected to key areas like Nagavara, Banaswadi, and Kalyan Nagar. The area is seeing a surge in residential projects, including affordable housing and mid-range apartments. The expansion of the metro network and ongoing road developments make this area a future hotspot for investment.
- Real Estate Potential: Hennur Road is ideal for those looking for mid-budget residential properties, with a growing demand for apartments and villas.
2. KR Puram (Krishnarajapuram)
KR Puram, located in the eastern part of Bengaluru, is an area that has been often overshadowed by more popular locations but offers immense potential for real estate investors. It is conveniently located near the Outer Ring Road (ORR) and is well-connected to tech parks in Whitefield, Marathahalli, and Bellandur.
- Why It’s Promising: The proposed ORR Metro Line and the establishment of tech parks like ITPL in the nearby Whitefield area make KR Puram a highly attractive investment destination. The presence of educational institutions, hospitals, and shopping centers adds further appeal.
- Real Estate Potential: Investors can explore opportunities in both residential and commercial real estate, with growing demand for apartments, gated communities, and office spaces.
3. Devanahalli
Devanahalli, about 40 km from the city center, is one of the underrated gems in Bengaluru’s real estate landscape. The area is gaining traction due to its proximity to Kempegowda International Airport and its strategic location along the Bengaluru-Hyderabad Highway.
- Why It’s Promising: Devanahalli is seeing rapid infrastructural development, with new projects like Devanahalli Business Park and the Nandi Hills tourism circuit boosting its growth potential. The region is also home to several luxury residential projects, including villas and plotted developments.
- Real Estate Potential: With real estate prices still relatively affordable compared to the city center, Devanahalli offers a great opportunity for long-term investment, especially in land and commercial developments.
4. Sarjapur Road
While Sarjapur Road is not exactly hidden, it is still one of the underrated areas when compared to prime locations like Koramangala or Whitefield. However, the area has emerged as one of Bengaluru’s fastest-growing real estate hubs, especially in the southern part of the city.
- Why It’s Promising: Sarjapur Road has seen rapid residential and commercial development in recent years. With its proximity to major IT corridors like Electronic City and the upcoming Metro expansion, this area is becoming increasingly attractive to both homebuyers and investors.
- Real Estate Potential: Sarjapur Road offers a mix of mid-range and luxury apartments, as well as villas and plots. The ongoing development of the Sarjapur-Marathahalli Road is expected to further enhance the connectivity and appeal of this region.
5. Yelahanka
Once a quiet suburb, Yelahanka has undergone significant transformation and is now emerging as a promising investment destination. Situated in the northern part of Bengaluru, Yelahanka offers a peaceful residential environment with excellent connectivity to major hubs like Hebbal, Manyata Tech Park, and the airport.
- Why It’s Promising: Yelahanka is benefiting from the development of the Kempegowda International Airport and the expansion of infrastructure, including the Peripheral Ring Road. The area is also seeing an increase in premium residential projects, making it a sought-after location for professionals and families.
- Real Estate Potential: The combination of peaceful surroundings and proximity to commercial hubs makes Yelahanka an attractive location for investors looking for upscale residential properties, villas, and gated communities.
6. Bidadi
Bidadi, located on the outskirts of Bengaluru, is another area with huge untapped potential. Known for its industrial parks and agricultural landscape, Bidadi is becoming increasingly attractive due to its proximity to both the city and the popular tourist destination, Ramanagaram.
- Why It’s Promising: The development of Bangalore Mysore Infrastructure Corridor (BMIC) and the upcoming Bidadi Metro are key factors contributing to the area’s growth potential. The government’s focus on industrial development and real estate infrastructure is further boosting its appeal.
- Real Estate Potential: Bidadi offers excellent opportunities for land acquisition, especially for industrial and commercial developments. As the city expands, Bidadi is poised for residential growth as well, making it a smart long-term investment.
7. Hebbal (Outer Hebbal)
While Hebbal is already recognized for its strategic location and proximity to the airport, the areas surrounding it, particularly Outer Hebbal, are still relatively underappreciated in terms of real estate value. This part of the city is quickly becoming a major investment hub.
- Why It’s Promising: The expansion of infrastructure, particularly the upcoming Hebbal-KR Puram Metro line, is making Outer Hebbal a more accessible location. The development of Manyata Tech Park nearby is also driving the demand for both residential and commercial properties in the area.
- Real Estate Potential: With affordable property prices compared to central Hebbal and a growing demand for residential units, Outer Hebbal is a great location for long-term investments.
8. Bannerghatta Road
Bannerghatta Road, which runs south of Bengaluru, has been overshadowed by more prominent areas like Jayanagar and BTM Layout. However, this region has substantial growth potential due to its connectivity and ongoing infrastructural projects.
- Why It’s Promising: Bannerghatta Road benefits from its proximity to Electronic City, major educational institutions, and hospitals. The development of Namma Metro’s Yellow Line and the upcoming flyover projects are expected to enhance connectivity.
- Real Estate Potential: With both affordable and mid-range properties, Bannerghatta Road offers excellent investment opportunities, particularly in residential complexes and commercial spaces.
Conclusion
While Bengaluru’s well-known areas like Whitefield, Koramangala, and MG Road continue to dominate the real estate market, the underrated areas listed above present a wealth of untapped potential for investors. With affordable prices, growing infrastructure, and proximity to key commercial hubs, these hidden gems are likely to experience significant appreciation in property values over the coming years.
Investing in these areas now could provide substantial returns in the medium to long term, making them excellent choices for savvy investors looking to capitalize on Bengaluru’s real estate boom.
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