Bangalore: Prices of residential and commercial spaces have gone up reasonably in some of the key areas of Bangalore owing to the rapid economic development. The outskirt of Bangalore exhibits a similar trend as that of the interior portions. Property prices have appreciated in the outskirts of the city which has pulled in investments to a major extent. Good returns over investment and positive growth of real estate have increased the demand for properties in the outskirts of the city as well.
Areas like Koramangala which once had a sq.ft value less than Rs.300 now holds a price tag of Rs.2000 per sq.ft. This prospective growth is attributed to the quality of civic infrastructure which has improved remarkably. International standards of airports, artistic constructions and proper functioning of the Bruhat Bengaluru Mahanagar Palike (BBMP) have contributed to the notable growth of real estate in Bangalore.
Now possessing a property in any part of this city is guaranteed of returns and is considered to be a safe source of investment. The property price in the outskirts of Bangalore is now at par with any of the interior segments of this city. A similar trend is being reflected across all major Metropolitan cities in the real estate sector with Bangalore at the forefront.