What Makes Bengaluru's Harlur An Upcoming Real Estate Hub?
Bengaluru, known as the Silicon Valley of India, is home to skilled manpower. Behind this are the world-class medical, engineering and management educational institutes that provide the city with a pool of highly skilled workers. This drives IT/ITEs (information technology and IT-enabled services) companies, e-commerce companies and other corporate giants to set up their businesses in Bengaluru. For instance, companies such as Infosys, Wipro, Amazon, IBM and Flipkart have invested heavily in the city. The business growth of the city has also given rise to the demand for residential spaces.
As a result, developers and investors are looking to different micro-markets in the city to launch new projects. One such micro market is Harlur which is now enjoying buyer's attention.
So, what are the factors driving demand for apartments in Harlur?
New development
On PropTiger.com, Harlur enjoys a liveability score of 8.4 on a scale of 10. This attracts the attention of buyers who are looking for affordable houses in the Silicon Valley of India. The good connectivity and accessibility to the Outer Ring Road along with good medical facilities and schools is what invites residents to Harlur. As a result, demand for apartments in Harlur is on the rise.
Better expected returns
Data by PropTiger.com show property prices in Harlur increased by 13.9 per cent in the past 43 months. This attracts investors' attention pushing demand for apartments and plots in Harlur. Seeing this growth in demand, many developers such as Shriram Properties, Sobha, Puravankara, Developers and Prestige have invested their capital in the locality.
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