Is it worth buying a flat in Nelamangala or Mylanahalli, Bangalore? Are there societies established with significant number of families living?
When we talk about investment in Real Estate, Bangalore is always a safe bet. In fact, it is a ‘shining spot’ for the investors, reason being huge number of migrations in the city from other states in the last few decades, the credit for which goes to the fast growing IT industry which accounts for almost 40% of the share. Bangalore is a steady realty market with almost steady prices. Still, it is essential to make a thoughtful decision while planning to invest in a flat. While talking about Nelamangala, the most recent attraction that comes to mind is the upcoming project of Jindal City. The stunning residences with intricately designed infrastructure will make for an experience of its kind. With up-class facilities it is sure to provide a lavish lifestyle. The rates of the flats starts from INR 35 Lacs. However, the price of properties in the region usually starts from INR 6 Lacs and can go as high as INR 71.96 Lacs. This is one of the most developing place with many upcoming projects. To ease out the connectivity, metro routes will shortly be running from Peenya to Nelamangala. Renowned schools such as BP Indian High School and many others are accessible from this location. Even several colleges are also coming up in this location. Inflow of government funding has been monitored to widen and re-construct the roads in the area. There lies a huge potential of growing as a sub-urban location in Bangalore. Also, the sites in Nelamangala are BMRDA Approved. A significant number of societies such as BSNL and co-operative societies are established in the region alongside various residential projects. If You are looking for property for startup what will be the best place for that here you can check "Startup hub in Bangalore what is the opted Place"
Which Location Is Best Choice Nelamangala/Mylanahalli
Mylanahalli, on the other hand, is more of a rural region. The nearest town is Devanahalli, which is approximately 10 Km away. The connectivity is not really feasible. Bus services are available mostly within the Village. The nearest Railway Station is approximately 5 – 10 km away, and so far there has been no metro connectivity. And most of the sites are not BMRDA approved. Although there many upcoming projects in the area, but the development of the location as a sub-urban destination is much awaited. The differentiation clearly rules out that if you are planning to invest on a flat among these two locations, Nelamangala will be a safe and wise bet. The property rates are such that anyone can afford and will soon become a notable area of residence since in coming times it is expected that a number of residential apartments with various leisure facilities would sprung up and will convert Nelamangala into a mini township.