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.
- Affordable pricing for upcoming projects in Tumkur Road.
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