Horamavu – A lucrative investment destination in Bangalore

Located on the outskirts of Bangalore, Horamavu has been witnessing rapid developments in the past few years. As a result, the locality has become one of the major real estate hotspots in Bangalore. According to realty sources, the locality has more than 80 new residential projects which are under construction. Further, some of the projects are located to close to neighborhoods like KR Puram and Banaswadi. With good connectivity to major IT parks in the city, Horamavu has been witnessing a good demand for residential properties among the working professionals. Eventually, it has boomed the real estate market of the city. Owing to this increasing housing demand, the residential developers are coming with several new projects. Some of the leading builders who have their residential projects in Horamavu include Puravankara, Prestige, Sobha Group, DS Max, Sekhar, Brigade and many others. Especially, the locality offers more number of affordable and mid-range housing. Following are some of the major factors that drive the real estate in Horamavu; Connectivity • The locality has the advantage of close proximity to Banaswadi Railway Station and Bangalore City Junction Railway Station. • Good connectivity to several important parts of the city via the Outer Ring Road and MG Road. • The Kempegowda International Airport is located at distance of 36.6 kmrn• Gets frequent bus services operated by the Bengaluru Metropolitan Transport Corporation (BMTC)rnProximity to Employment Hubsrn• Embassy Manyata Business Park – 10 km via Hennur-Bagalur Road. • Koramangala – 17 km via 100 Ft Road. • International Tech Park (ITPB) – 13.8 km via Whitefield Main Road. • KIADB Industrial Area – 18.2 km via Bellary Road. • Whitefield – 17.2 km via Whitefield Main Road. • Wipro Corporate Office – 14.6 km via Queens Road. Social Infrastructure The locality has the presence of good social infrastructure. Some of the renowned schools here include Deva Matha Central School and Vibgyor High School. There are some best healthcare centers here namely NMPC Hospital and Cure N Care Hospital. Some of the malls here are the Shop Inn Supermarket and Value Vision, to name a few. Upcoming developments • The proposed railway underpass project is likely to boost realty market of this region. • Development of the Peripheral Ring Road Real Estate According to realty sources, prices of residential properties range between INR 3,306-5,228 per sq ft which is 2 % higher compared to last year. On the considering this factor, investing in Horamavu would be a good choice if you are looking to buy flats or villas in Bangalore . With the upcoming developments, the capital values are expected to increase in near future.