HSR Layout – The hot spot of Bangalore Realty market

By: Unknown on 2:54 AM

HSR Layout is one of the most sought after areas of Bangalore. It is one of the most planned layouts also of the IT capital of India. The layout was developed by the Bangalore Development Authority in the year 1984 and the market watchers opine that in the early years of the preceding decade the area has witnessed a lot of development. In the last few years the area has developed in leaps and bounds and has improved in terms of connectivity and also in the terms of growth of the commercial as well as the residential real estate. Many residents preferring to reside in the southern part of Bangalore chose HSR layout as their preferred spot. The place is also closer to the IT hubs and the land plots in the vicinity of Outer Ring Road are also spotted with many of the IT companies. 

Growth Stimulators of HSR Layout 

No wonder the area has witnessed a healthy demand from the IT dominant population working in and around the ORR and the demand of the 1, 2 and 3 BHK apartments in the area has been in steady rise. Let us discuss the main growth stimulators. 

• First comes the location: The strategic location of the place is one of the key factors for the accentuating demand of land in the area. The ORR, Silk Board, nearness to Bannerghatta Road and the Central Business Districts of the city are few of the reasons for the rise in demand of the area. Not only the ORR the area is also very near to Hosur Road and Electronic City as well which supplies many of the prospective residents desiring to stay in HSR Layout. 

• Superb Connectivity: HSR Layout is connected with all parts of the city through the ORR and also through Hosur Road and the Bannerghatta Road to the Central Business Districts of the city. The BMTC bus services also connect you to the farthest corners of the town.  The ORR leads one straight to the International Airport too which is 55 km away.  

• Demand of Commercial space: The trend watchers opine that there is paucity in the availability of office space in the central business districts of the city owing to which there is an increased demand of office space in the HSR Layout owing to the strategic location of the place. The trend watchers have noted that a space of 2000 sq. ft. to 4000 sq. ft. has been mostly in demand in this area. 

• Planned layout with proper Infrastructure: HSR Layout is a planned area with greener patches and gardens in the residential areas making the place the resident’s delight. The infrastructure of the area is second to none and is on the rise owing to the demand of the office space and residential spaces in equal proportions. There are ample schools, colleges, educational institutes, hospitals and all that you would require for a comfortable living at a cozy distance from any area of wherever you are in the HSR Layout. 

The Price Trends 

Although the trend of prices of real estate in HSR Layout in the recent time is on the rise but it has gone through a steady and healthy rise of capital appreciation in the last few years. According to the reports of the survey firms, consultants and aggregator sites the impression one would get is that the future prospects of the place are too good. At this present moment the average price of a square feet of an apartment in HSR layout is Rs. 5, 200. The higher demand in the area has also surged the rental prices in the area. A 2 BHK unit in HSR Layout can range between Rs. 16, 000 to Rs. 20, 000 but a 3 BHK can go up to Rs. 27,000 to Rs. 30, 000.

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Bangalore in top 20 list of real estate investment zones

By: Unknown on 10:27 PM

Bengaluru has made its way to the top twenty list of cities with the most of commercial real estate investments in the globe says a Jone Lang LaSalle (JLL) report. The city already is in the top twenty list of technology rich cities of the world. The cities that rank high in the commercial real estate investments in the world are Tokyo, London, New York and few others. The top five names of the cities that ranked high in the region of Asia Pacific are Singapore, Tokyo, Seoul, Hong Kong and Sydney. The report ranks these cities on the top five list based on the direct rolling of investment in the commercial sector taking into account the statistics of the last three years of the period ending on June 30th this year. Within the area of Asia Pacific the index has ranked Auckland and Sydney as the two locations where the commercial real estate investment has been high compared to their sizes. 

Bangalore was always at the top most preferred destinations of the NRIs as a recent survey conducted by an exhibition company inferred that in the UAE and the Middle East the city is at the 22nd rank in terms of preference. Mumbai was also in the list at the 20th position. With all these parameter it was evident that the city is a preferred destination for the residential investment. But this statistics was revealed which is a great news for the real estate sector and the denizens of Bangalore. The city is excelling in terms of commercial real estate investment. The experts say that for every 100 sq. ft. of commercial and office space investment there is a requirement of 600 sq. ft. of residential space. This goes to say that the residential sector will also excel at par which is undoubtedly good and great news for the realty sector.  This goes to say that there will be added demand of land plots in Bangalore and the demand is bound to rise as well.  

Another section of experts opine that the Indian cities are lagging behind in terms of foreign investment as most of the foreign capital seeping in the country or the real estate sector are through debt capital or are at the entity level. That is fairly the reason why the cities like Tokyo, Taipei, Singapore and Hong Kong are at the top of the list with high transparency levels and scores. But the experts opine that Indian cities with the scope of investment as shown by the GDP figures are high and would yield high rate of returns too. The experts further add that foreign interests in investment in the city may be under represented in the index calculation of JLL as the figures reflect equity investment. The reason is that direct foreign investment in the realty sector of India is difficult and it has either to be debt capital or the foreign investors has to go with the local partners in a joint venture.  

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Plots Gives Better Return On Investment

By: Unknown on 2:08 AM

Common man is always in a state of confusion to decide whether to invest in plots or flats in Bangalore. Flats look like a smart investment as people are assured of guaranteed return on investment in terms of monthly rentals and appreciation of property value. Let’s take a look at pros and cons of investing in plots or flats and help the buyers make the informed decision prior to venturing into such deals.

While buying an apartment customer does not think much about planning, designing and building a home. The buyer just pays the amount and occupies the home that has been provided to him by the builder. He can buy home but cannot make many changes to it, except the interiors.

On the other hand the customer buying residential plots in Bangalore has the flexibility of building the house immediately or at a later stage, whichever is comfortable to him. But he has to spend quite a lot of time to get the home designed, source the raw materials, build the home and manage the manpower.

When a person chooses to buy a site in Bangalore, especially, in rapidly developing areas, then he can reap rich benefits after few years.  When buying a site in a developing area of Bangalore the buyer has to pay lesser amount compared to developed areas of Bangalore. But after a while, when the area witnesses rapid growth and there is a huge influx of people, then the price of the land in that part of Bangalore keeps appreciating at a faster pace. It is not the same with flats because flats become worn out after few years and its value deteriorates compared to a plot in Bangalore.

The constructed home on plots carries the value of home along with the land, while a flat carries just the value of total carpet area along with the common area of an apartment. In some respects buying a flat helps the customers to gain tax benefits from the time of buying it, but, this doesn’t hold same with buying residential land plots. The customer will get the tax benefit only when he finishes constructing a home at that place.

There are few more downsides of buying a flat. The government regards one flat as a place of residing while any other flat apart from it, will be considered as a source of income, especially, in the form of rental. This rental amount is taxable to the customers. But the plots are not subjected to this type of a tax unless the customer has rented it out.

Though, both the sides of this argument carry pros and cons. The amount of time and energy spent on maintaining a plot in Bangalore is much lesser compared to the flats that are rented out. Thus, people can confidently buy sites in Bangalore and hope for better returns, but, they need to consult a lawyer in regards with the authenticity of the paper.

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The future of real estate market in Bangalore seems brighter compared to other cities in India

By: Unknown on 5:27 AM

Bangalore - India’s most preferred destination for new business start-ups, software employment, higher education and entertainment is also the most sought out destination for real estate investment. Bangalore has done fairly well in Real Estate Segment by offering amazingly low prices in plots compared to its counter parts such as Mumbai, New Delhi and NCR region. Let’s take a closer look as to why Bangalore sets itself apart as compared to other metropolis of India.

Bangalore is experiencing a higher absorption rate in spite of extended slowdown in economy. The net absorption rate seems to be higher in new launch category where 13,400 units have been absorbed in Q1 2015 compared to 11,170 units in Q1 2014. In the other segments, net absorption rate seems to increase to 8,310 units in Q1 2015. Thus there has been an increase of 15% on net absorption rate compared to last year which is higher compared to other cities.

In commercial segment too, Bangalore is leading with an absorption space of about 11.1 million square feet as against India’s absorption space of 36.8 million square feet.

Bangalore is flooded with new startups everyday giving rise to ample employment opportunity. It is also the top paying Indian city with an average salary of around Rs. 5 Lakhs/annum which gives more purchasing power to the individuals.

Bangalore has availability of the land unlike Delhi which is not able to extend itself further. Bangalore is extending over 25 kilometers from the center of the city as the road connectivity is at its best. The other major reason for Bangalore’s growth is Namma Metro train that is connecting the entire periphery of Bangalore city to the nerve center of the city.

Apart from software companies Bangalore is also a hub for defense, engineering, biotechnology and textiles. According to a survey by a Spanish firm, Bangalore is amongst the top 20 places to start-up the business in the world.  Bangalore is on the highway of development attracting many new businesses and thereby occupying more commercial space which again gives rise to residential communities like sites and plots at affordable prices. Thus the fairy tale of Bangalore being the no. 1 city of India and the world is soon transforming into reality.  

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Are you looking for a Plot in East Bengaluru?

By: Unknown on 11:55 PM

East Bengaluru is the fastest developing area of the city. The entire region from Marathahalli to Whitefield is facing radical change in its landscape. The real estate development in the area is spreading like a wildfire due to its high potential in terms of growth. So a prospective buyer looking at East Bengaluru must focus on these areas. If it’s a matter of economical budget then the belt from Whitefield to Hoskote is a reliable option. Since the property price is somewhat on a lower side in that region. Let’s look at these regions individually.

Marathahalli

The latest statistics show that Marathahalli is one of the most sought-after locations among property buyers. This area is home to many corporates and MNCs and near to every required and important place. Here the most preferred property type is flats but people for whom the budget is not a constraint, can go for plots as well. Plots can cost a little higher to very high in the region where price starts from around Rs. 10 lakhs onwards.

Its strategic location is the reason for its high demand. Most buyers here are either working or have businesses in Marathahalli, Belandur, ITPL or Whitefield. Apart from that it’s situated along the NH-7 which is another reason for its growing demand.

Kadugodi

The Metro connectivity plays an important role in the elevation in demand of Kadugodi. Once operational the prices are expected to soar around the area. Those who have properties between Whitefield and Kadugodi Industrial Area will be the gainers. So if you are looking for plots in this area, it certainly can prove to be a good investment in the coming years.

The prices of plots in the area start from Rs. 8 lakhs and can go up higher depending on the size and location of the land you are targeting. With an investment of Rs. 20 lakhs you can easily get a piece of land in the range of 900-1600 sq. ft. The area is still under development but that doesn’t make it stand anywhere below expectations since it already has hospitals, shopping centers, pre-schools, banks, and all the infrastructure that one can need.

Hoskote

Hoskote is one of the areas in Bengaluru which is quite young in its development stage but holds a very high potential according to the real estate analysts. The entire belt from Whitefield to Hoskote is clearing its way towards high-end development due to its close proximity to Whitefield which is growing as an IT hub of the city.

Hoskote has generated huge interest among buyers because it’s located near to central business districts. The main advantage is its location along NH-4 which connects to Whitefield directly. Plenty of plots are up for sale in the range of 800-2000 sq. ft., within Rs 20 lakh.

TGS Layouts is such a property portal which deals in Land Plots. TGS has Plots in many areas of Bengaluru like: Anekal, Bannerghatta Road, Devanahalli, Electronic City, Kanakapura Road, Mysore Road, Sarjapura Road, Yelahanka etc.. If you are looking for Plots for sale in Bangalore / Bengaluru then select above locations and visit TGS Layouts today.

Here you can also read TGS Layouts Customer Reviews to know more about the Company.

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250 Plots remaining at Newly Launched TGS Saraswathi in Kanakapura Road

By: Unknown on 11:20 PM

Kanakapura road is the new destination for the residents of Bengaluru with the improved infrastructure, metro railway, numerous eateries, schools, colleges and the spiritual institutions. The area is a bit away from the bustling pace of the city but yet from the point of view of connectivity it has one of the best infrastructures for communication. The lush green flora with up and down hilly roads forms a great environment to live amidst the nature. There is an increased demand of land plots in the area. Owing to public demand and the enquiries pouring in, TGS Layouts introduces TGS Saraswathi as a new layout with a total land of 18 acres and having 360 plots. The location chosen is one of the best with all infrastructures around and within the BMRDA limits. The plots are of 30 feet by 40 feet in dimension out of which 110 plots are already sold out within few days of announcement and acquisition of the land.

The layouts comes complete as a gated community with compound walls and all the amenities like wide roads, electricity connection, water connection and other life style amenities like badminton, Volley and cricket grounds, children’s park, club house, temple and a plethora of other amenities required for a decent living. The most amazing part of the story is the price of the plots which starts at Rs. 10, 00, 000 which is lesser than half the price of land in adjoining areas. So don’t wait. Buy the land and wait as the opportunities are limited and the promises are very high.

Click to see customer’s reviews on TGS Layouts.

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