Sunday, August 24, 2014

Investing in Bangalore Property - Focus on Rajaji Residential Hub

Rajaji Nagar, a residential hub in the north-west Bangalore, linked to areas of Yeswanthpur and Malleswaram, observed soar in residential developments since over a period of 10 years due to rapid infrastructural development in the particular area. And despite the fact of Rajaji Nagar being a residential hub, it has also undertaken remarkable commercial establishments including Brigade WTC and Golden Heights. It has proudly been allotted an elevated label of an extended CBD (central business districts) because of the fact of its nearness to CBD, which in turn has gained a pleasing inclination by the corporate occupants who are seeking for alternative destinations nearby to the employee catchments.

Rajaji Nagar is well equipped with social and general infrastructure which acts as a catalyst for residential development in this locality. In addition to this, a beautiful divine creation of Iskcon temple which has worked as a cherry on the cake in terms of the popularity of this area especially amongst international religious travelers. And last but not the least, mega malls in the vicinity of Rajaji Nagar makes it an ideal and affluent destination for organized retail, end-user and investors as well.

A great benefit of superlative connectivity from Rajaji Nagar to other varied business districts of Bangalore. And with additional metro projects, the proposed mono rail and Mumbai-Bangalore Industrial Corridor would in turn prove as a supportive advantage for Rajaji Nagar for the surging demand of residential, commercial and retail.

Residential Apartments in Rajaji Nagar, Bangalore
Active contribution of some luminary developers including Raheja, Puravankara, Brigade Group, Phoenix Ltd, Pride Group, Ranka Group and Sobha Developers in this area catering to mid and high-income buyer segment. And the residential supply here is nearly geared at employees of Bangalore's flourishing IT/ITeS sector.

The consistent annual appreciation of investment proposition is witnessed to be 12-14%, with a price range from Rs. 8500-10500/sqft the residential properties command a premium over plenty of other localities in Bangalore.



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