Should I Buy A Home In Bangalore On Outskirts

Buying a home in the outskirts of Bangalore can be a good investment choice as prices will be reasonable, and it will give good returns in the future. Bangalore is divided into 4 areas – North, East, West and South Bangalore. The areas in Bangalore's outskirts include Devanahalli, Kengeri, Kumbalgodu, Doddabalapur, Uttarahalli, Peenya, etc. The city's outskirts often offer projects that will gain high return value as these areas grow with time and it will increase their demand.

There are many benefits of investing in properties on the city outskirts, including,

Affordability

One of the primary reasons to invest on the outskirts is the affordability factor. Properties on the outskirts usually come at a low price point that ranges from Rs. 4500 per sq ft in areas like Dommasandra, Uttarahalli, etc. Buyers who wish to invest their money can consider the outskirts as they can invest in huge pieces of land as prices are low. As properties are in less demand here, prices will be budget-friendly.

Potential for Development

Investing in the outskirts comes with the potential for future development. As the area continues to develop later, the prices will start to increase and will give great profits later. The land value will greatly increase up to 10% per sq ft in 1 or 2 years and investors can get good ROI.

Spacious Living

As the city expands, the outskirts present an opportunity to acquire a large area of land. Buyers can enjoy spacious living areas with gardens, and spaces. This availability of land can be best for families as it has enough space to play and grow. Buyers can build big houses with enough parking space and can have big gardens. Apartments in the outskirts are safe to live in as it has many safety features.

Serene area

The interior of the city is known for its bustling traffic and crowded streets. But the outskirts will offer a green area that will be calm. People who want to have a relaxed green area away from the busy life of the city can build a home in the outer area. It will offer a peaceful area with no noise and traffic.

If the office is nearby, buyers can consider investing in the outskirts and can live near their workplace. People who consider investment can invest in the outskirts as the price is low and it will develop in years to come.

One of the best projects developing in the outskirts of Bangalore is Birla Trimaya in Devanahalli by Birla Estates. The project is over 52 acres, and it is developing in 3 phases. The project has 2600 apartments, retail space, rowhouses, and Duplex homes. The project has apartments in varying sizes that range from 511 sq ft to 3528 sq ft. The price of apartments ranges from Rs. 72 Lakhs to Rs.1.63 Crores.

The Rowhouses here range between 2350 and 2516 sq ft. The price range of row houses is from Rs.3.9 Crores to 4.4 Crores. The size of the Duplex house ranges from 2175 to. The price range is from Rs. 2.8 Crores to 5.06 Crores. The project has 30-plus amenities, and it is developed in phases.

Phase 1 of this project is called ‘The Hill.’ It offers 544 units of apartments and 12 Duplex houses. Phase 2 is known as ‘The Park,’ and Phase 3 is ‘The Bay.’ Phase 1 has been sold out, and Birla Trimaya Phase 2 will be launched in 2024. It will have 4.6 acres of the green zone and has 473 units with a mix of apartments, Duplex, and Row Houses. Investing in this project in the outskirts of Bangalore is a good option as it gives good returns in the future.