Investing
in real estate in metropolitan cities will ensure high returns but only if you
know exactly where to plow your capital. For instance, if we consider
Bangalore, it is safe to say that being an IT hub, you should own property next
to main IT areas although real estate options on the outskirts and near metro
lines is lucrative as well.
Prepare for some
risks!
However,
you need to be prepared to take a few risks as well if you want your returns to
be significantly higher. When Confident Group ventured into the market by
designing gated communities, it was a relatively new concept in India, but the
idea caught on, and now you can see such infrastructure all over Bangalore.
Being selective does work in certain situations but you have to keep an open
mind when it comes to looking at potential properties.
Consider the area
next to the metro
With
the concept of metro being introduced in major cities across India, the
transportation has been given a much needed overhaul, with great developments
in the real estate market as well. If you build apartments, family homes,
duplexes etc. near the metro lines, as per the convenience of people, so they
can commute with ease, the returns of the property will be indeed quite high.
CMH Road, Byappanahalli, Puttenahalli, BTM Layout, Electronic city and Nagawara
– these are some areas that have undergone an increase in price due to
proximity to metro lines.
Own property on the
outskirts
Confident
Group, which is one of the leading real estate developers in the market, has
expanded its reach to outskirts because of rapid development of infrastructure
in those areas leading to an appreciation in the prices in those areas.
Customized developments, both residential and commercial, work well in outskirts
such as Sarjapur, Doddabalapur Road, Devanahalli, and Hoskote.
Invest in real
estate near IT areas
High
rental returns are guaranteed in core IT areas as more job opportunities spring
up due to more IT/ITEs companies setting up offices there. Such areas have
facilities such as good physical and social infrastructural development, easy
access to work places, educational institutions, entertainment hubs, markets
and malls – it is evident the property values will be higher. As an investor,
you can expect high returns from IT sectors.
Some developers have been known to provide discounts to clear pending
stock.
Ace YXP consists of shops available for supermarkets, showrooms, and much more on the lower ground, upper ground, and first and second floors of the buildings.
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