If an individual plans to buy a residential plot in Bengaluru, whether for personal living or as an investment for good returns in 10 to 15 years, there are a few factors to consider. Bengaluru is an IT city, and land in the East, Centre, or North is likely to yield strong returns. Property prices in the Bengaluru city are known to appreciate over time. It has been observed that plots have become more expensive compared to apartments or villas.
Experts believe that plots in East and North Bengaluru have appreciated, and those investing in land in these areas are likely to see good returns, according to a report published on HT.com.
Real estate experts said that land prices in areas like Devanahalli and Koramangala, located in East and City Centre Bengaluru, have risen post-Covid. They also noted significant appreciation in land prices in the northern parts of the city.
They further added that prices have risen in North Bengaluru areas such as Devanahalli and Hennur. They mentioned that upcoming projects like the suburban rail and peripheral ring road are expected to drive strong demand and price appreciation.
Experts suggest that buyers should always consider the location’s connectivity and the security of the area before investing. A gated society is a preferred choice. Many developers are offering amenities like clubhouses and swimming pools, adding value to their price offerings. These features offer a good and secure option for buyers. However, buyers should always conduct a background check to ensure there are no pending litigations against the developer.
