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 purposes. 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, as the case may be. If this is not done then it is illegal to sell the plot for non-agricultural purposes.
In the following paragraphs given hereunder are the six most sought after real estate destinations in Bangalore:
Electronic City (South Zone)
Electronic City is one the most acclaimed IT hubs and boasts of several MNCs’ corporate offices. Because of the robust office market, the area has witnessed the accompanying growth in the residential segment also. Real estate prices here are very competitive when compared with that of Whitefield and Manyata Tech Park and has worked in its favor providing buyers with a wide range of housing options.
Hennur (North Zone)
Bangalore has been going through multi-directional growth. One area that has benefitted due to this phenomenon is the northern part of the city namely, Hennur. The locality has rapidly grown to emerge as a residential destination. Hennur Road links the region with the rest of the city and the International Airport in the vicinity have worked to push up demand here. Healthy absorption levels and steady demand for mid-income housing stocks have ensured positive price movements plots in bagalur road with all world class amenities
JP Nagar (South Zone)
JP Nagar in south Bangalore has transformed from a purely residential area to a bustling cosmopolitan centre comprised of equal mix of residential and commercial projects. This can be attributed to boom in the number of educational institutions that gave rise to the injection of large sections of student populations, setting up of IT industries in the vicinity with mid and high-income working professionals.
The region’s attractiveness is attributable to the smooth connectivity to IT hubs along ORR, Whitefield and Electronic City. The stretch has also been seeing a surge in commercial activities in terms of leased office space, establishment of Tech Parks and small stand alone projects.
Silk Board (East Zone)
Placed in the eastern part of Bangalore, Silk Board locality has been enjoying decent market capitalization in the last few years. It is located on the Outer Ring Road and is strategically connected with Electronic City, Marathahalli and ITPL, which have fueled the developmental growth here. The recent infrastructural upgrades in terms of the Electronic City Elevated Expressway have facilitated decongestion of traffic in the busy junctions in plots in sarjapura Road
Yelahanka (North Zone)
Situated between Hebbal and Devanahalli in north Bangalore, Yelahanka was once a satellite town and was home to many industrial and manufacturing units. However in the past few years, the region has seen massive real estate development owing to its relative proximity to the international airport plots in sarjapura
Areas contiguous to Yelahanka such as Bellary Road and key access roads like National and State Highways 9 and 7, respectively have witnessed commercial development which has boosted residential growth here.