A plot is a parcel of land meant for agricultural use. However, after obtaining requisite approvals from the Competent Authority such as Bangalore Development Authority and then taking measures to obtain electricity, water, sewage facilities, it becomes an approved plot with an approved usage such as residential, commercial or industrial use.
When a builder has approved plots in a locality in Bangalore, he has to decide as to whether he wants to sell plots cut out from the land parcel of approved plots or build upon it and sell the built up structures as residential or commercial or industrial units depending on the land use approval obtained from the Competent Authority.
Due to the upsurge in demand for quality homes, professional realtors are launching residential projects and following are some of the popular destinations for investing in:
Sarjapur: Sarjapur is close to a proposed IT AEZ as well as Whitefield, Koramangala, and the Electronic City. It has close access to educational institutions, commercial & corporate offices. It is ideal location for residential property from the investment point of view.
K R Puram: This lacale has emerged as a destination of convenience as it saves a lot of time travelling to and from work places in reputed IT hubs and clusters. This locality boasts of being home to reputed schools and colleges.
Indira Nagar: To get the metro feel of the city of Bangalore, then Indira Nagar offers the best location to invest in Bangalore. It is endowed with the state-of-the-art and trendy malls, eateries, housing projects, schools etc.
Hennur: This locality is perfectly connected to the International Airport. Wide roads, ample flyovers etc., have made this area a favorite destination for those who wish to invest in real estate.
Nayandahalli: Nayandahalli is the latest addition to those localities of Bangalore which have seen a 35% hike in property values. The reason being it is linked by metro to MG Road. It is connected to commercial hubs. It is close to Indira Nagar.
Hebbal: Hebbal is the commercial as well the transit junction that is placed between the city centre and the International Airport. This area is also the corporate base of big-timers such as Philips, IBM etc. A lot many residential projects are cropping up in nearby locales which make contribute to the overall development of the area.
HSR Layout: This is a profitable destination which is to be linked by metro to Jayanagar, MG Road, and Electronics City etc. SEGREGATION