Top 5 Projects To Invest In Bengaluru's Outer Ring Road
Planning to invest in an apartment in Bengaluru's Outer Ring Road area? Data with PropTiger.com suggest there are over 550 projects on the stretch at various stages of construction that you could pick from. With an average property price of Rs 5,785 per sq ft, the region is popular among property seekers. Why? The property in this area is available at affordable price points and has a huge stock of ready-to-move apartments. As per data, there are many under-construction projects, too, leaving you with ample choice to choose from either set.
Bellandur area
Proximity to the Outer Ring Road area as well as the business districts make Bellandur a viable choice for homebuyers. Traffic might be a glitch, but given that both Electronic City and Whitefield are within 12-18 km, it makes the locality a viable choice. Rental values in Bellandur range between Rs 8,500- Rs 2 lakh per month based on aspects such as size of the house, location, amenities included, brand of the developer as well as property type ─ apartments or villas. Bellandur boasts some of the most beautiful villas which can be rented from anywhere between Rs 80,000 and Rs 2 lakh per month.
Here are some of the top projects that you can bank on:
Goyal Orchid Lakeview
Goyal and Co Hariyana Group have come up with 336 apartments in 2BHK and 3BHK configurations. These apartments are available in the size range of 1,211-1,830 sq ft (super built-up area) . The resale value of units in this project ranges between Rs 73 lakh to Rs 1.08 crore. Launched in August, 2013, the project is now ready for possession.
The USP of this project is its location and a lake-facing view. Besides, it boasts amenities such as digital games rooms, a party lawn, a leisure garden, an entrance plaza, a recreational area for seniors, landscape, garden seat wall, and party halls. Furthermore, every apartment is fitted with power-coated aluminum windows and doors made up of Sal wood and teak wood frames.
Interested? Check out the floor-plan and other details of this project here.
Reflection
DNR Group's under-construction project called Reflection is situated in Bellandur. With 179 units on offer in 3BHK and 4BHK units, the super built-up area of these apartments is 1910-2180 sq ft. If you are interested in this project reserve anywhere between Rs 1.20-2.08 crore where the average per sq ft value is Rs 6,400.
The highlight of this project is its location and quick access to social infrastructure be it banks and ATM's, parks, schools, hospitals, petrol bunks, bus terminals etc. Even within the project, you can avail of the benefits of gym, multipurpose room, play-ground, power back up system as well as round-the-clock security.
Check out the construction updates of this project here.
Kew Gardens
From the house of a reputed developer, Prestige Group, Kew Gardens is an under-construction project in Bellandur. Launched with 979 units in December 2016, the project is apt for you if you are wary of investing in a high-rise. It has a low-rise structure, therefore, you get to benefit in terms of both owning an apartment unit and still not feel the crowd around you. You can look at 1,2 or 3BHK units in the size range of 615-1607 sq ft, which is the super built up area.
Hospitals, schools are within three kilometres from this project which makes it easier for prospective home buyers to make a choice. In terms of facilities within the project, you get to avail of gym, swimming pool, children's play area, club house, power back-up, landscaped gardens, lift, car parking, jogging track, rain water harvesting, staff quarters, provision for indoor games besides being Vastu-compliant and offering 24/7 security.
For more details, check out the Kew Gardens on PropTiger.
Mahadevapura region
Over 90 projects in Mahadevapura are up for sale. On an average, properties in this locality are priced at Rs 5,900 per sq ft. Prices of 1-4BHK units could cost you anywhere between Rs 35 lakh to Rs 4 crore depending upon the exact location. On an average, a 1BHK unit moves in the market for as much as Rs 40 lakh as per data with PropTiger. As per Makaan.com, there are close to 300 projects available for rent in Mahadevapura. Rental values vary from Rs 9,000-60,000 per month depending upon the size of the house and proximity to job hubs. See rental properties here.
Looking at investing in this locality? Try the following:
Casablanca
DNR Group's Casablanca in Mahadevapura with super-built up area of 1,265-1,822 sq ft. These are 2 and 3BHK units. The USP of this project is its location given that offices, prominent townships, shopping malls, hospitals and schools are in close proximity.
The master-plan of this project includes additional attractive features such as walls with signages, serviced entrances, bin yards, visitor's parking, driveway to the basement, walkways, fire engine access, skate park, basketball court, outdoor fitness park, clubhouse, aerobics lawn, pavilion garden, orchard, reading decks, party lawn, island seating, entertainment pavilion, private gardens, kids play park among others.
Sounds interesting? Find out more about this project here.
Magnificia
A project by the Salarpuria Sattva Group, Magnificia offers 3 and 4BHK units starting Rs 1.66-3.48 crore. The super built-up area is 2,186-4,050 sq ft. Launched in December, 2010, the project has 156 units. The project is priced at Rs 7,600 per sq ft.
The project is connected to prominent destinations in Bengaluru through the Old Madras Road. The area is home to the offices of companies including HCL, GE, Accenture, Tesco, IBM, SAP and TCS besides basic needs such as hospitals and educational institutions. The project is conveniently linked to Whitefield, Indira Nagar, EPIP Zone and MG Road.
Check out the project on PropTiger. Click here.