Residential Homes in JP Nagar Promise High Return on Investment

Strategic location, seamless connectivity and a calm and serene environment are some of the factors that make a neighbourhood one of the most preferred residential destination. And one such vicinity that is luring many home buyers and property seekers is Jaya Prakashnarayan Nagar. Better known as JP Nagar today, the locality is located in the southern region of Bangalore City. Ideally known for its open spaces, luxurious homes and tree covered boulevards, the area today is brimming with construction activities thanks to the ever expansion IT (Information and Technology) sector. While individual houses in JP Nagar dominate the realty landscape, a number of multistorey building have mushroomed in a span of few years.

Another factor that has converted this area into a residential hotspot is its strategic locations. Proximity to active residential catchment areas like Bannerghatta Road, Banashankari, Jayanagar and BTM Layout has developed JP Nagar phenomenally. The presence of many reputed schools, colleges and healthcare units have invited a number of families and working professionals to shit their base here. The presence of many lakes has attracted many retired personnel. Potential home buyers are now keen on purchasing a property here due to its calm environment. The constant demand for dwelling spaces here has pushed property prices to sky rocket and with villas in Bangalore being an ideal investment option, capital values of residential homes here have soared. According to recent reports, property prices for independent homes here have appreciated over 23 percent in the past one year. The current ongoing rates for houses here are expected to hover anywhere between Rs 5,000 and Rs 6,700 per square feet.

Apart from offering the perfect calm environment, connectivity is another element that is inviting a lot of investment. Easy network to established localities like Electronic City and Bannerghatta Road has captivated many investors mind. Seamless connectivity to the ORR (Outer Ring Road) has helped ease access to other parts of the city, making JP Nagar a residential hub. If this wasn’t enough to lure potential home buyers, the Phase II of Namma Metro has attracted many investors. Second time home buyers are now purchasing properties only to let them out on rent on a later date. Promising great rental returns, individual houses in JP Nagar are expected to generate a monthly rental return of Rs 24 per square feet. The same goes for an apartments that spread over 1,000 square feet. Purchasing a 2 BHK flat in JP Nagar would cost an average of Rs 5,400, but the same flat is cited to churn a minimum rental of Rs 16,000 per month, making the market favourable for investors.

Local and national real estate developers are now tapping into this trend and the constant housing demand has pushed a number of builders to create extraordinary residential projects here. According to recent reports, the neighbourhood is all set to have 5 upcoming projects that provide state of the art amenities and facilities. While the locality is a SBD (Secondary Business District) in making a number of retail establishments are developing the commercial belt. So if purchasing a property for investment purpose is something that you are looking for investing in villas in Bangalore especially in JP Nagar are optimal for you.

Ranjitha is a freelance writer and blogger, following the Houses for sale in Bangalore and real estate sector closely for many years.