For those who are on the lookout to explore the realty market with a limited budget of Rs 5-10 lakh in
Bangalore have some solace. Otherwise, with this budget and the shooting prices in the city, it may seem a mere dream. Hence, for investors with such a budget, investing in plots could prove to be very beneficial. The city has much potential even within this budget.
Before actually going ahead with this kind of investment, one must prod ahead with what the positivity’s are. According to property pundits, they opine that plots are a better choice over other property types when it comes to healthy returns on investment. The best thing is that plots offer the flexibility of constructing one’s
dream home.
Here is a list of areas in Bangalore which offer plots within the budget of Rs. 10 lakh.
Devanahalli
This area is located about 40 km to the North East of Bangalore and offers plots at unimaginable prices. The price is as low as Rs. 430 per sq. ft. According to the data from Magicbricks.com, plots sized 1200-2000 sq. ft. range from Rs. 400-600 sq. ft. Hence, a plot of 1200 sq. ft. can be availed at about Rs. 5 lakh.
There is increased development in the area of Devanahalli. It is buzzing with infrastructure growth like road widening projects, Bangalore Metro Project and the six-lane highway which will come up between Yelahanka bypass and Hebbal flyover. Considering all this, it might pave way for more growth.
Sarjapur Road
Sarjapur is located on the Outer Ring Road (ORR). This area has plots up for grab at very affordable prices. Plots of 1200-1500 sq. ft. can be availed here in the range of Rs. 350-650per sq. ft. The average price might range between Rs. 4-10 lakh.
According to a senior executive from CREDAI
Karnataka stated that Sarjapur area is growing fast in terms of connectivity and capital appreciation.
Hosur Road
This is located in
South Bangalore and is fast emerging as a potential investment destination. According to an executive from a top realty company, the capital value for plots sized 1200-1800 sq. ft. ranges within the bracket of Rs. 250-650 per sq. ft.
New Projects
These areas have witnessed a huge demand
residential plots. But a word of caution goes with this. It is advisable to check the title of the land and necessary approvals from the statutory bodies before investing in plots. Doing so can save one from facing any problem later.
