Investing in real-estate has been an effective financial planning strategy for generations before and would continue to remain so for generations to come. Taking a cue from successful investment strategies followed by people in the past and present, there are two factors which can make or break your decision.
One of them is the location of the property you’re buying and the second one is the property’s value appreciation rate.
So, people planning to invest in Bangalore in residential societies such as Shriram Chirping Woods must pay attention to the two factors while they are searching for good investment prospects in Bangalore.
Accordingly, below are seven ideal locations in Bangalore you can consider. Check them out before taking the final call.
-> Omkar Hills: Omkar hills or Omkareshwara Hill is a small hill in Rajarajeshwari Nagar in South Bangalore. It is one of the highest points in Bangalore and also a highly popular tourist destination due to the presence of Matsya Narayana Temple and Dwadasha Jyotirlinga Temple.
Investing in a property here would open doors to several income-based opportunities. If you don’t plan to self-occupy the property you’re buying, you can put it for rental or convert it into a B&B.
-> Ulsoor Lake: Ulsoor Lake’ or Halasuru Lake, one of the biggest lakes in Bangalore, is located on the eastern side of the city. The surrounding areas such as M.G road are best for buying a property which can be used for self-occupancy or for business purpose. It is a popular tourist destination particularly for its clear water islands.
Other popular areas for real-estate investment in Bangalore are Turahalli Forest Area and Freedom Park.
Additional Read: Top Ways of Searching for the Best Homes in Bangalore