Residential
Top 3 reasons to tap into the real estate potential of East Bengaluru
June 15, 2023
The Bengaluru real estate market is booming, captivating homebuyers and investors with its impressive neighbourhoods and enticing investment opportunities. The recent Asia-Pacific Outlook 2023 report by Knight Frank touts Bengaluru as one of the fastest-growing property markets in the APAC region. With its exceptional employment opportunities, infrastructure boost and superior connectivity, Bengaluru has always been a home-seeker, investor and developer’s paradise.
Real estate in East Bengaluru has thrived over the years owing to the sizable return on investment and a buzzing social scene. Lately, millennials are turning to real estate investing in East Bengaluru, as the area strikes the right balance between an excellent work atmosphere and a peaceful living environment.
A Place for Prominent Hotspots
The top picks for first-time homebuyers are Whitefield, Electronic City, Sarjapur Road, Budigere, KR Puram and Bellandur. With numerous companies emerging on the Outer Ring Road, Bellandur sees increased residential catchments. Localities such as CV Raman Nagar, Krishnarajapuram, Hoodi and Mahadevpura are close to Whitefield and Hebbal, making commutes easier for professionals.
At the Centre of Rapid Infrastructure Development
Infrastructure development is one aspect that is enhancing the East Bengaluru real estate growth potential. The setting up of Bangalore's first IT Park - ITPL, in the late 1990s, set the wheels in motion. Today East Bengaluru is home to the highest number of companies in the IT sector, with IT parks in Whitefield, Bellandur, Marathahalli and Outer Ring Road-Sarjapur Road.
The train service connecting Whitefield and Majestic and metro accessibility have made commutes easier. Whitefield is also well-connected to the rest of the city via the Outer Ring Road and Old Madras Road. The development of Namma Metro Phase 1, connecting the central city to Byappanahalli, East Bengaluru, has undoubtedly increased the potential for residential investments in the area.
The East Bengaluru real estate trends, seeing an upward trajectory, have also got to do with the excellent social infrastructure in the locality. You can find many restaurants, pubs, shopping centres and renowned hospitals, such as Columbia Asia and Narayana Hrudayalaya, near Whitefield and Sarjapur. East Bengaluru is home to prestigious institutions such as Delhi Public School and The International School Bangalore.
A Fast-Growing Residential Market
Residential real estate in East Bengaluru has varied options for home buyers, investors and those looking for rentals. Many attractive projects are being launched, from affordable homes to ultra-luxury gated communities. With property prices going up by 15 to 30 % in the last five years, East Bengaluru is slowly emerging as the newest residential hub.2
The rise in residential neighbourhoods is predominantly due to East Bengaluru’s proximity to IT Parks and commercial hubs. For instance, Brigade Sanctuary on Whitefield-Sarjapur Road in East Bengaluru minimises the travel time to employment centres. It restores work-life balance for residents who get to spend less time on the road and more at home. This, coupled with other factors such as infrastructure growth, robust connectivity, reliable public transportation and the influx of numerous co-working spaces, has led to residential projects by leading developers.
- The connectivity to IT corridors, great civic amenities and a plethora of residential options by credible developers will boost real estate investing in East Bengaluru. If you want to invest in a home, Brigade Group has several newly launched projects in the lucrative micro market of East Bengaluru. Check out these residences by Brigade:
1. Brigade Calista: an upscale gated community in the prime location of Budigere Cross. Following the successful completion of phase 1, this property has recently unveiled its highly anticipated phase 2, featuring luxurious 2 and 3-bedroom units with an extensive range of amenities.
2. Brigade Cornerstone Utopia: a 47-acre smart integrated township.
3. The Residences at Brigade Tech Gardens: an uber-luxury apartment project located within a world-class tech park.
4. Brigade Gem: a uniquely designed low-rise community.
Reference Links:
- https://assetmonk.com/bengaluru-real-estate-market/
- https://www.magicbricks.com/blog/north-vs-east-bangalore-which-is-better/87816.html
Research Links:
- https://assetmonk.com/bengaluru-real-estate-market/
- https://theculturetrip.com/asia/india/articles/the-top-5-things-to-do-and-see-in-east-bangalore/
- https://www.magicbricks.com/blog/north-vs-east-bangalore-which-is-better/87816.html
- https://www.99acres.com/articles/top-emerging-locations-to-invest-in-bangalore.html
- https://www.nobroker.in/blog/best-areas-to-invest-in-bangalore/
- https://www.99acres.com/whitefield-bangalore-east-overview-piffid
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