1. Top 3 Localities That are Most Preferred by First
Time Home Buyers in Bangalore
Gone are the days when our elders would take property buying decisions. Today the
Gen Y is not shying away from taking this responsibility - younger home buyers
today are not only analyzing property markets on their own- they are also funding
them. And with the Silicon Valley of India being filled with the youth thanks to the
ever expanding IT sector, Bangalore properties are fast being picked up by many
first time home buyers. As more and more home buyers are inclining towards invest
in a Bangalore property, lets find out which vicinities are most preferred.
Marathahalli
Owing its proximity to IT hub and IT parks, the area is cited to be one of the most
sought after locality by working professionals. Situated within a few kilometers of
state of the art office spaces of MNCs like Wipro and JP Morgan- properties here are
being purchased by many white collared professionals who want to reside close to
their office spaces. The neighbourhood’s seamless connectivity to other parts of the
city is another factor that is flourishing the realty sector.
The presence of many shopping malls, eater joints, recreational spots and
helathcare facilities makes this vicinity an ideal investment destination for families
and retired personnel. A Bangalore property especially in an area like Marathahalli is
likely to cost anywhere between 3,100 and Rs 4,700 per square feet. And on an
average 2 BHK homes here are likely to generate a rental yield of Rs 19 per square
feet per month- depending if the homes are semi or fully furnished.
Whitefield
Seamless networking has played a pivotal role in flourishing the neighbourhoods
realty sector. Its nearness to the ORR (Outer Ring Road) has ensured the locality
remains a hub for the cosmopolitan crowd. Rated as one of the most promising IT
hubs, the area is home to over 500 industries and IT parks. The existence of many
reputed educational institutions make this the most preferred locality by white
collared professionals. Both local and national real estate developers are now
cashing in on the demand are are creating an array of residential properties that
range between being affordable, mid-segmented and uber luxurious. Builders are
also offering many independent houses for sale in Bangalore especially in this
vicinity. The newly built ready to move in flats are offering 2 and 3 BHK homes
anywhere between Rs 4,100 and Rs 5,400 per square feet. Depending on the
amenities offered by the builders, independent homes here are estimated to hover
over a price bracket of Rs 4,400 and Rs 8,700 per square feet.

2. Electronic City
Being another IT hub, the area is home to many office spaces. The neighbourhoods
proximity to the PRR (Peripheral Ring Road) and the six-lane metro road to Hosur
has resulted in a major realty boom. The perfect mix of commercial and residential
spaces are luring many potential home buyers into investing here. The green canopy
and affordable property prices make this vicinity a hit amongst IT employees. Capital
values of homes here fall over a price bracket of Rs 2,800 and Rs 4,200 per square
feet.
So if you are a first time home buyer and are keen on making a profitable realty
investment then invest in Bangalore properties. Buy independent homes for sale in
Bangalore or opt to invest in multistorey apartments- homes here are likely to
generate high ROI.
http://www.indiaproperty.com/