What is the Potential of West Bangalore in next 5 To 10 Years
West Bangalore has a significant potential for rapid growth in the next 5 to 10 years, primarily due to its good connectivity with the upcoming roads that include the Bengaluru Satellite Town Ring Road and a new road between Hebbal and Hennur. The expansion of the Orange and Pink Line of the metro and the infrastructure developments paved the way for the quick growth of the area.
The factors contributing to the real estate growth in West Bangalore are,
West Bangalore is a prime area that has good access to all areas of the city through major National Highways and roads, including Tumkur Road, Magadi Road, and NICE Ring Road. The 10-line Mysore Bangalore Expressway connects to Mysore and nearby cities with less traveling time. There is a good metro network with the purple and green lines of the metro to connect to all major areas. There are a lot of BMTC buses to connect to all areas of Bangalore.
The area has a growing real estate market where many builders are building quality projects to meet the real estate demands. Real estate prices in West Bangalore are increasing, with the average price per sq ft rising by 85.2% in the past year. Rental returns in West Bangalore also increased, with some areas showing a rental yield of up to 5%.
The region has established a futuristic infrastructure. It provides easy access to top colleges such as Bangalore University, BGS Global Institute of Medical Sciences, R V College of Engineering, etc. Top hospitals like Manipal, Apollo, Cloud Nine, etc, are in the area. Major shopping areas like Global Mall, Forum Mall, Dmart, etc, are in West Bangalore.
West Bangalore is one of the main IT hubs in Bangalore such as Manyata Tech Park and World Trade Centre, which has a lot of job offers. As this job offers to attract a lot of people to the area, a lot of people move here, and this will result in demand for real estate. Investing in West Bangalore is the best option to get good returns as it has the potential for property growth.
The presence of global companies in the area makes it the best region for investment, with a great potential for growth in the next 5 to 10 years. The upcoming 65 km Peripheral Ring Road will cross top areas of West Bangalore through Magadi Road and provide easy connectivity. It will provide good growth to the area, and buyers will get a good ROI.
All these factors show that West Bangalore will have good growth potential, and it is the best time to invest in properties as buyers can get good ROI in the next 5 to 10 years. West Bangalore has the best newly launched project, Birla Ojasvi, in RR Nagar by Birla Estates. The project is over 10.2 acres and has luxury apartments and row villa houses. Investing in this project will give a good ROI as West Bangalore has good potential for property growth.
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