North Bangalore Vs. East Bangalore: What Is Better?
In the current real estate market, both east and north Bangalore are in high demand. Check out this blog to learn where and why you should invest.
Bangalore, also known as Bengaluru, is the capital and largest city of Karnataka. Bangalore is the third-most populous city in India and the fifth-most populous urban agglomeration. It has a population of over 8 million people and a metropolitan population of approximately 11 million people. Bangalore is located on the Deccan Plateau in southern India, at an elevation of approximately 900 metres. It has a pleasant climate all year.
Property prices in Bangalore have risen over the last decade, depending on a variety of factors. Bangalore is the headquarters of many IT companies. It is India's second-fastest growing metropolis. Bangalore had 7,700 millionaires and eight billionaires in 2017, with a combined net worth of 320 billion dollars.
Also see: Where Can I Invest in Bangalore?
East Bangalore Vs. North Bangalore
First-time homebuyers should consider Hebbal, Yelahanka, and Hennur in North Bangalore, and Whitefield, Sarjapur Road, and Bellandur in East Bangalore.
So, how will prospective homebuyers choose a neighbourhood that meets their requirements? A quick overview of both North and East Bangalore is provided below to help you decide which is best for you.
North Bangalore: Infrastructure Development
The development of the North zone was prompted by the construction of the Bangalore Airport in Hebbal. HNIs and NRIs began to relocate there, and Hebbal quickly expanded to include opulent villas and luxury flats. Development accelerated with the establishment of offices by PSUs, aerospace, defence, and IT companies.
North Bangalore is well-served by major thoroughfares such as the Outer Ring Road and Tumkur Road. They connect working professionals to employment centres such as Manyata Tech Park, Kirloskar Tech Park, and others.
The social infrastructure in North Bangalore is mature, with well-known schools and hospitals. Among the healthcare options in the area are Fortis, Columbia, and Omega Multispecialty. Some of the reputable schools are Kendriya Vidyalaya, VIBGYOR, and Orchids International. This area is also home to well-known shopping malls such as Elements and Orion. It offers a variety of options for a night out with friends or a weekend adventure with the family.
East Bangalore: Infrastructure Development
It all began in the late 1990s with the establishment of ITPL. The presence of Bangalore's first IT Park aided the already-in-progress IT boom. It breathed new life into an area of Bangalore that had previously been suburban, bordering on rural.
Whitefield, the 'capital' of East Bangalore, as well as other neighbourhoods such as Budigere, KR Puram, and Sarjapur, have become popular early homebuying destinations.
East Bangalore is home to many startups and businesses, and there is a high demand for residential space. Infrastructure development, such as the train service connecting Whitefield and Majestic, as well as metro accessibility, have made commuting easier for locals. The Outer Ring Road and Old Madras Road connect Whitefield to the rest of the city.
East Bangalore has a diverse range of social infrastructure options. Hospitals such as Columbia Asia and Narayana Hrudayalaya can be found near Whitefield and Sarjapur. There are prestigious schools as well, such as Delhi Public School and Presidency School. Furthermore, with so many restaurants, pubs, and shopping centres, socialising is simple.
Price Insights - North Bangalore & East Bangalore
In this area, the average price per square foot has increased by 23.4% since last year.
In this zone, twenty-three localities have shown higher rental returns of up to 16% Rental Yield
According to the last six months of search data, the most popular configuration in this zone is two bedrooms.
According to one study, most buyers prefer properties in this price range that are less than Rs. 50 lacs.
In the previous year, the average price per square foot in this zone increased by 41.8%.
In this zone, 51 localities have shown higher rental returns of up to 23% Rental Yield.
The majority of buyers prefer properties priced under $50,000.
According to the last six months of search data, the most popular configuration in this zone is two bedrooms. In the previous six months, more than 80% of buyers looked for 2BHK apartments.
Which is Better?
In terms of resale value, development, and quality of life, they are nearly identical. If you are not an IT employee, North Bangalore has a better connection to the city centre, which may benefit you in the long run. However, living in East Bangalore opens up a plethora of new job opportunities. If you're serious about your job, especially in information technology, this could be the place for you. Both North and East Bangalore are excellent neighbourhoods with distinct features.
Continue reading: Ready Reckoner Rates in Bangalore
Conclusion: North Bangalore Vs East Bangalore
North and East Bangalore are well connected thanks to reliable public transportation. Real estate is inexpensive in North and East Bangalore, attracting many people looking to buy or rent a home. If you are not an IT employee, however, North Bangalore may benefit you in the long run due to its proximity to the city centre. Both Bangalore's north and east are fantastic neighbourhoods with distinct characteristics.