Here are the factors due to which Marathahalli offers good rental returns
The numbers of investors eyeing property in Bangalore has gone up. If you are one of them and looking to earn rental returns of Rs 15000 to 60000 per month from a 3BHK flat, then Marathahalli would be a great area to consider.
Marathahalli is one of Bangalore’s IT zones and comprises of micro-markets such as Ashwath Nagar. The area has both under construction and ready for possession projects to invest in. The apartments for sale in Ashwath Nagar, Bangalore are priced between Rs 3500 and 5500 per sq ft. The starting price of property in Marathahalli is Rs 30 lakh and it can go up to Rs 2 crore. Those looking for affordable properties can consider pre-owned apartments for sale in Ashwath Nagar, Bangalore.
Marathahalli is well connected to the rest of Bangalore thanks to the Outer Ring Road. The area is well linked to Hebbal and Banashankari. Those working in Whitefield, Belandur and ITPL find this location ideal as it is less expensive compared to the aforesaid ones. The high rental values make Marathahalli an ideal one for investment.
Ashwath Nagar in Marathahalli is sought after by home buyers because it has a cosmopolitan cross section of residents and is affordable. The Kempegowda International Airport is 46 kilometres from Marathahalli through the Outer Ring Road while the KR Puram Railway Junction is around 11 kilometres away. The civic infrastructure of the area is well-developed which is why the area is a pop pick among home buyers.
There are several developers that are working on higher end projects which make the area likeable to home buyers with deep pockets. Not only big businessmen but also start-up entrepreneurs also prefer to stay here. The NH7 is located close to the area which has gathered much interest for Apartments for sale in Ashwath Nagar, Bangalore. Mostly apartments are demanded here because of their affordability. The fact that they are located in gated communities also works for them as home buyers gain access to several lifestyle amenities within the premise.
The only drawback of Marathahalli is that peak hour traffic is quite menacing. Moreover, some of the neighbourhoods do not receive Cauvery water or water supplied by the BBMP. They have to rely on the borewell. Some of the neighbourhoods also suffered due to frequent flooring till recently. Marathahalli has a lot construction work going on which makes it unsafe for kids to play outdoors. However, since most communities have play area for children, this problem is sorted.
Those thinking of buying properties in Marathahalli shall earn much from rent. The ongoing rental rates for 2BHK flats in Marathahalli is Rs 13000 to 17000 while for 3BHK flats, the amount ranges from Rs 15000 to 3000 per month. These flats are sized from 800 to 1300 sq ft for 2BHK units and 1000 to 1800 sq ft for 3BHK ones. Prospective tenants can also available 1BHK flats for Rs 8000 to 10000 in the neighbourhood.
If you are thinking of buying Apartments for sale in Ashwath Nagar, Bangalore, then you should check the Khata status of the property. Also you should abstain from investing in those properties where the developer does not have proper documents certifying the legitimacy of construction.
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