Posted by Bangalore is swiftly expanding as increasing number of people are migrating to the city for employment. East Bangalore is home to multinational companies. Hence it has become a preferred destination to IT/ITES employees. Consequently, many builders flourished by constructing affordable housing. The conducive conditions such as closeness to office spaces, developed infrastructure, connectivity to prime localities such Whitefield, Yelahanka and the Electronic City have contributed to the high growth rate of east Bangalore.
The following are the most preferred destinations of East Bangalore:
Brooke Field:
A premium locality in East Bangalore, offers connectivity by road and witnessed about 40% of price appreciation.
ITPL:
This is located in Whitefield and is situated 18 kms away from Bangalore city centre. It is one of the most preferred areas in East Bangalore for investment. Prices have appreciated by 35% in the past few years.
Mahadevapura:
This area is the preferred destination for investment in high-end construction projects. Prices have risen by 25% in the past few years.
CV Raman Nagar:
This is a premium locality in East Bangalore. It is well connected to Bangalore City railway station. It has witnessed an appreciation 23% in real estate prices in the past few years.
Outer Ring Road:
ORR is a 62 km long road, which witnessed a high residential growth. Prices have appreciated by 22% in the past few years.
KR Puram:
This area is emerging as a realty destination because it offers affordable and budget apartments. It is driven by end-users and prices have appreciated by 11%.