One of the most important factor that determines the value of a real estate property is the location. Location is vital as it determines convenience, connectivity and desirability of a property. Being well connected helps reduce travel times while being conveniently located helps you navigate places of everyday convenience with relative ease and efficiency. The desirability of a property location can be due to proximity to a certain place, history, scenic beauty, civic amenities or any other factor.
Considering all the above factors, currently any location near the outer ring road in Bangalore can be a great destination of investments into property. Currently, the prices are still below par and on the rise. This clearly shows that the location is expected to become increasingly more desirable and thereby increasing property values. Thus, investing in the region today can offer excellent returns in future.
Bangalore as a city is currently facing some real challenges of congestion and civic infrastructure within the city. Therefore, the focus of the government as well as builders is to move towards the outskirts to decongest the city and offer better civic infrastructure in the up and coming properties. Thus, the desirability of homes on the outskirts is on the increase.
Being in close proximity to the Outer Ring Road provides excellent connectivity option from and to anywhere in the city. Travel time can be greatly reduced by travelling around rather than through the city and with almost all the amenities available right in the vicinity of homes, the need to travel into the heart of the city might not arise all that much.
Thus, appreciating property prices, improving civic infrastructure and growing amenities suggest that buying villas near ORR is an excellent investment opportunity for people in Bangalore. This includes those who wish to buy a second home just as an investment vehicle and also those youngsters for whom this will be a first foray into home buying.