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Monday, 20 March 2017

Neo Bangalore - 5 Reasons Why One Should Invest

 Shubhi Gupta     03:45     Real Estate     No comments   

Hoskote, a mere taluk in Bangalore city has evolved into a satellite town and therefore has become the hottest destination for real estate investment. Hoskote popularly known as Neo Bangalore is an area in North Bangalore where residential plots are being bought by leading real estate developers in order to come up with various villa and apartment projects that will in turn attract more customers.
Neo Bangalore is expected to witness a major real-estate boom in the coming years and the value of residential plots in north Bangalore area is expected to go sky high in the near future. Some reasons why one should invest here are:
The most important reason that is attracting more developers to this area is its location. Strategically located on the Bangalore-Chennai NH 4, the development of this area is completely dependent of this as Hoskote is expected to attract more IT crowd to Bangalore. It is in close proximity with IT hubs like White Field. The area is also well connected by metro and therefore accessible that will in turn convert it into a well demanded residential area.

The social infrastructure is also playing an important role in helping the real estate to boom here. Educational and healthcare facilities are in close proximity and the Satellite Township Ring Road that will spread over 284 kms will undoubtedly increase the real estate demand to a great extent. Great road connectivity to Devanahalli and the international airport has attracted many home buyers to invest in villa plots and apartments here. Another exciting feature is the 188 km Intermediate Ring Road that helps connect Hoskote to the other parts of Bangalore. A SEZ Special Economic Zone is also expected to come up, which will also generate a lot of employment.
All these infrastructural developments will take the land values sky high. The developers are therefore buying sites near international airport Bangalore, Hoskote and nearby areas to come up with new projects. A residential plot at Neo Bangalore would cost anywhere between the range of Rs 1850 to Rs 3,300 per square feet and it is to be noted that the properties in Hoskote have been appreciated up to 80 per cent in the last one year. A flat at Hoskote would cost you from Rs 2300 to Rs 3950 per square feet based on the amenities offered by the developer.
Source Neo-Bangalore
Connectivity is another major advantage that is making the place a favourite among real estate investors. Hoskote is well connected and networked with roads and metros to all the major portions of Bangalore. Therefore, living in this area will not bring any change to those working at IT companies in other areas of the city.
Bangalore city is growing rapidly and so are the requirements of people in terms of houses that are very important. Converting places like this into townships will definitely serve the purpose in a long run.
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