Proximity to Employment hubs drives the housing demand in Marathahalli

With the property prices climbing up within the city limits, the home buyers now prefer the outskirts to invest in a property. And with the Bangalore realty market now being saturated within the city, the micro markets like Marathahalli have been grasping the grasping the attention of property investors. This suburban locality is witnessing a major realty boom owing to factors such as affordability and connectivity to other developed localities and major employment hubs. Other growth drivers of Marathahalli’s housing market are its great connectivity and improving infrastructure. ORR (Outer Ring Road), Belandur railway station and the Marathahalli over bridge are some of the key infrastructure developments that have helped bring in a lot of investment. Besides these, the locality’s proximity to the National Highway-7, the ITPL road and the HAL Airport Road are other connectors where residential development is booming. Real estate developers and builders are tapping these projects and are creating many residential projects. And with property prices here falling under the average price range of Rs 3,500 to 5,000, flats here are selling like hotcakes. Dominated by IT professionals, due to its close proximity to IT hubs and SEZs (Special Economic Zones) rental values in Marathahallii are witnessing an upward trend making the locality’s realty market favorable for investors. According to recent reports rental returns in this particular locality have seen a 20% hike in the past few years. There has been a sudden influx of housing demand created by working professionals and both local and national real estate developers are leaving no stone unturned to cater to their needs. State-of-the-art amenities and developed commercial spaces are a few major factors that are luring in white-collared professionals. Especially, apartments in Marathahalli are easily capable of churning a good rental returns. A 2 BHK flat can generate a rent anywhere between Rs 16 to 22 depending if the house is semi or fully-furnished. If the locality attracts the cosmopolitan crowd, it is but natural to see the locality rapidly develop. Renowned hospitals, education institutions and shopping malls have proven that the locality is an ideal place for families and retired personals. Apart from just creating multi-storey buildings that cater to IT employees, builders are now creating family-friendly housing projects. To appeal to the families, builders are now offering facilities like power back up, free parking and children’s playground. The quaint environment clubbed with established social lifestyle is making Marathahalli a perfect place to reside in. Despite being a suburban locality, Marathahalli’s rapid transition from being a tiny village to a developed locality is luring many potential home buyers. And with the market being favorable for investors, houses in Marathahalli are now being bought by investors only to be let them out on rent later. If you either and end user or a second home buyer, if you want your property to appreciate on the long-run then investing in Marathahalli is a safe bet for you.