Investment in Bangalore Plots: Areas Suitable for Resale or Construction in 3 to 5 Years
Bangalore, the technology capital of India, offers a unique mix of job opportunities and lifestyle amenities, making it a prime destination for real estate investors. Investors considering a plot in Bangalore should carefully evaluate the location, potential for resale or construction, and overall development prospects. In this article, we explore which areas are most suitable for investment, both for immediate resale and for future construction.
Introduction to Bangalore Plots
Investing in a plot in Bangalore provides a robust return on investment due to the city's rapid growth and development. Plot investments in Bangalore are particularly favored because of their proximity to essential services and infrastructure, making them ideal for both residential and commercial development.
Purva Lands Woodfield: A Top Residential Investment Site
One of the top sites for residential investment is Purva Lands Woodfield. Located between 8 and 10 minutes' drive from the proposed Bommasandra metro station and 15 to 20 minutes' drive from Electronic City, this area attracts professionals due to its proximity to major commercial hubs of Chandapura and Jigani. Schools and hospitals are also within easy reach, adding to its appeal.
Koramangala can be reached in under 25–30 minutes via the Elevated Corridor, making it highly accessible. Moreover, PurvaLand, the reputable and trustworthy developer known for their ease of procedures, transparency, and genuineness, adds to the overall satisfaction of potential investors. This area is becoming increasingly popular among tech professionals and upscale buyers.
North Bangalore and BDA Properties
North Bangalore, with its abundance of BDA properties and freehold options, presents a diverse range of investment opportunities. Areas like Thanisandra, Hegdenagar, and Kogilu offer a mix of residential and commercial options, making them excellent choices for investors. Among these, Thanisandra and Hegdenagar stand out due to their prime locations and future prospects.
Factors to Consider Before Buying a Plot
Before making a purchase, it is crucial to consider several key factors:
Location
Proximity to important areas such as major transport hubs, shopping centers, and healthcare facilities.Investors should avoid plots that are less developed and far from essential city services.
Real Value of Land
Conduct thorough research to determine the true value of the plot, consulting real estate experts as needed. Negotiate well with the seller to ensure a fair price.Size of the Plot
Evaluate your needs in terms of the amount of land required for either living or construction purposes. Consider topography and soil quality as these can significantly impact the value and feasibility of the plot.Verify the Seller
Ensure the seller has the full right to sell the land. Conduct background checks and cross-verify past or current projects. Check for legal issues by verifying the title deed and encumbrance certificate.Necessary Approvals
Check if the plot or entire layout has been approved by the city development corporation and local bodies. Obtain and verify necessary approval documents, if possible, by consulting a lawyer.Release Certificate and Property Tax Receipts
Ensure the land is not pledged as collateral for a loan by requesting a release certificate from the bank. Request previous property tax receipts and related bills to avoid any future tax issues.Lastly, verify the land-use zone as per the city master plan to ensure it aligns with your development plans.
Optimal Locations for Future Development
The best locations for plots in Bangalore are areas near upcoming major infrastructure projects. Some key projects to consider include:
Bangalore Metro and The Peripheral Ring Road (PRR)
The PRR, endorsed by the Bangalore Development Authority (BDA), is a Public-Private Partnership (PPP) project. With a total length of around 116 kilometers, this ring road will connect all major highways, bypassing truck traffic from city roads, and easing traffic congestion. It will also open up new opportunities for development in various areas.
Strategic Transport Network Road (STRR) and Outer Ring Road (ORR)
The STRR, estimated to be 208 kilometers in length, aims to develop a high-speed 4-lane corridor with 2 service lanes and a central median. Alongside, the ongoing construction of a signal-free Outer Ring Road is expected to further decongest traffic and significantly reduce travel times to key IT hubs.
Expansion of Bangalore International Airport
The expansion of Terminal 1 at Bangalore International Airport to accommodate over 17 million passengers annually will enhance passenger handling capacity and attract more business activity.
Investing in plots near these infrastructure developments offers significant potential for future growth and substantial returns on investment.
By carefully analyzing these key factors and considering the strategic infrastructure projects underway, investors can make informed decisions about which areas in Bangalore are most suitable for investment in plots.