Bagalur is a rapidly growing suburb of Bengaluru, located about 25 kilometers southwest of the city center. It is known for its lush green surroundings, proximity to the airport, and affordable real estate prices.
Here are some of the reasons why you should consider buying a property in Bagalur:
- Good investment potential: Bagalur is a rapidly growing area, with a lot of potential for future development. Property prices here are expected to appreciate in the coming years, making it a good investment option.
- Affordable prices: Bagalur is one of the most affordable suburbs of Bengaluru. Property prices here are much lower than in the city center, making it a great option for budget-minded buyers.
- Excellent connectivity: Bagalur is well-connected to the rest of Bengaluru by road, rail, and air. The Kempegowda International Airport is located just 15 kilometers away, and the city’s major highways are also easily accessible.
- Proximity to IT hubs: Bagalur is home to several IT and manufacturing companies, making it a great option for those who work in these industries. The area is also well-connected to other IT hubs in Bengaluru, such as Whitefield and Electronic City.
- Green surroundings: Bagalur is known for its lush green surroundings. The area is home to several lakes, parks, and forests, providing a scenic escape from the hustle and bustle of the city.
Here are some of the benefits and advantages of buying a property in Bagalur:
- Easy availability of loans: Banks and financial institutions are more willing to lend money for property purchases in Bagalur, as the area is considered to be a safe and secure investment.
- Good rental yields: Rental yields in Bagalur are also quite good, making it a good investment option for those who are looking to generate passive income.
- High appreciation potential: Property prices in Bagalur are expected to appreciate in the coming years, due to the area’s rapid growth and development. This makes it a good investment option for those who are looking to make a profit on their investment.
- Good quality of life: Bagalur offers a good quality of life, with a clean and green environment, good schools and hospitals, and a variety of amenities and facilities.
Here are the price trends of properties in Bagalur over the past few years:
- 2021: The average price of a property in Bagalur was INR 3,500 per square foot.
- 2022: The average price of a property in Bagalur increased to INR 4,000 per square foot.
- 2023: The average price of a property in Bagalur is expected to increase further to INR 4,500 per square foot.
As you can see, property prices in Bagalur have been steadily increasing over the past few years. This is due to the area’s rapid growth and development, as well as its good investment potential.