09/04/2015
Bangalore has witnessed one of the most robust growth and higher price trajectory patterns in comparison to other cities in India. Real estate in Bangalore has been signified with robust growth, steadiness in prices and a positive purchasing pattern from customers who intend to purchase plots, flats and villas in and around Bangalore.
Across the world, the phenomenon of price growth has a very unique pattern and the same pattern is seen to be followed in every city in India, including Bangalore.
Detailed studies by various real estate funds, managements and related research organisations have confirmed this pattern. This pattern, in simple terms, means, 'The real estate prices in the outskirts of the city (whichever city you are in) grow faster than in the inner city or CBD area'. The CBD stands for central business district of the city or metro concerned. The CBD area would consist largely of BBMP areas in Bangalore.
As far as Bangalore is concerned, the outskirts includes Electronic city,Sarjapur, Hoskote, Bidadi, and Devanahalli areas including the new international airport areas, and other areas covering Bangalore as a shell to the CBD area.
I have been in the real estate business for the last one and half decades and have known this phenomenon for the same number of years, and have been personally tracking the data in Bangalore and Kerala. All my favourite investments have been based on this principle and have always reaped rich dividends by the 'investments in outskirts strategy'. Those who have purchased flats, villas or plots in the outskirts have earned higher returns on investments, which in financial terms means 'ROI' or returns on investments.
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