Posted by Plots in real estate terms mean that there are parcels of land which are meant for non-agricultural purposes such as residential, commercial or industrial. If there is a plot meant for agricultural purpose, then first of all the land use purpose for the particular plot in question has to be converted to residential, commercial or industrial use. If this is not done then it is illegal to sell the plot for non-agricultural purposes. Plotted development is a modern way to establish a common purpose for many a plots and develop the same by enhancing the land’s user-value and cutting plots of suitable measurements for sale.
Bangalore, the Silicon City was named as the top most real estate destination in the Asia-Pacific Region. Some of the main micro-markets which will receive the attention of investors and end-users alike are explored hereunder:
Hennur Road:
Hennur Road has started figuring in the radar of investors and end-users for prospecting in north Bangalore. Further, with technology and business parks finding place in the region, demand is consistently rising for housing in the region. So there has been a notable escalation in prices of plotted developments.
K R Puram:
Located at the intersection of Old Madres Road and the Outer Ring Road in East Bangalore, K R Puram has developed into the residential centre in this part of the city. Further, it has the preference of IT professionals because of its proximity to Whitefield and Manyatha Tech Park.
Airport Road:
Airport Road was beset with a lack of development and drop in property prices. But with the arrival of metro and the presence of several high-street retail stores, the area has witnessed rapid development.
Old Madres Road (OMR):
OMR had been a popular residential locale in the City. Its closeness to Byappanahalli metro station has made it once again an attractive residential destination.
Bannerghatta Road:
This long road is known to host many companies and residential complexes in all the price segments. In future, the region will witness further development with the introduction of metro connectivity in Phase 2.
Sarjapur Road:
This region has close connectivity to IT clusters on ORR, Whitefield and Electronics City.