Thursday 7 December 2017

Tumkur Road-The best real estate market in the Bangalore Region?

Prestige Jindal City Tumkur Road, Bangalore

The real estate market in Tumkur Road, may prove to be a better investment option, compared to its adjoining areas. We look at what’s on offer and the future prospects in Tumkur Road.
Located on the outskirts of Bangalore, is a real estate market that has a plethora of options for property buyers. Infrastructure development has been the key differentiator that sets this locality apart, from the other realty markets in adjoining areas. Irfan Razzak, Managing Director of Prestige Estates Projects, maintains that there are several factors that attracts home buyers to Tumkur Road. Keeping this into consideration Prestige group is coming up with an upcoming project Prestige Jindal City.

  • “Tumkur Road has witnessed rapid infrastructure development. From having nothing to now, having almost everything, this locality has come a long way.
  • It also has ample land parcels. There is an abundance of land that is owned as plots or built up into the houses.
  • It also has many chawls, which shall soon be converted into towers. This will upgrade the market price and lifestyle that the region offers,” he says.
  • Owing to these reasons, Tumkur Road shall soon score over the Bangalore Region, feels Prestige Group.


Tumkur Road real estate market’s USPs

The upgraded elevated Tumkur Highway connecting to Nelamangala, announcement of the Bangalore-Mumbai Industrial Corridor, connectivity to the airport and the ORR have all worked in favour of this belt. Easy connectivity to key locations is changing the primarily industrial character of this region, triggering demand for residential options around.
Being a large, growing industrial hub with available land parcels, the rise of this micro-market can also be attributed to improved connectivity through the NICE Ring Road to south Bangalore, presence of the Bangalore International Exhibition Center and the elevated expressway to the airport.

What type of home should you buy in Tumkur Road?

Experts suggest that home seekers who can afford to wait for a few years, should buy an under-construction property in Tumkur Road, as they come at lower price points and the payment can be spread over a period of time.

Nevertheless, Tumkur Road also has a good supply of ready-to-move-in homes, for those who want to move in immediately. Amenities like parking spaces, play areas for children and recreation center, are now available in many projects and must be considered, before purchasing.
  

Top 5 reasons, why home buyers should consider investing in Tumkur Road


  • Excellent connectivity.
  • Healthy growth in the residential and commercial real estate segments.
  • Upcoming new projects in the area offer options for various buyer segments.
  • Continuous infrastructure development in the area.

1 comment:

  1. Thanks for this valuable blog. I'm new to Bangalore, Nelamangala Town. Now I'm staying at PG and looking for the BMRDA Sites for Sale in Nelamangala Town. You appear to be very informative. It would be helpful if you could share your valuable thoughts on Top properties in Nelamangala.

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