Is it a Good Idea to Buy Property in Bangalore's Outskirts?

January 14, 2009

Well, Whitefield, Marathahalli, HRBR layout and Sarjapura may no longer qualify as outskirts considering they are the hub of activity - real estate boom, infrastructure boom, good roads connecting them to the city and airport. Times property gives you a lowdown on buying property in these developed suburbs..


The city's peripheral areas are suddenly the new city centres. This means the emerging neighbourhoods around Bangalore go beyond the present outskirts.
The IT industry wasjavascript:void(0) the prime driver of real estate around Bannerghatta Road, Koramangala, Sarjapur Road and Whitefield. Today, these localities have come closer to the city due to the series of road development projects providing vital connectivity.

A few real estate developers who have large land banks in the peripheral areas, have earmarked projects in Bangalore North and South for affordable housing. This kind of affordable apartment options are being made available in the range of Rs 10 lakhs to Rs 20 lakhs depending on the floor area. Currently, three affordable housing projects, one in the north zone and two in the south - one near Mysore Road and the other on Sarjapur Road - are coming up on the city outskirts giving real estate development a different dimension.

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