Property in the right location ensures high rental returns for investors
The best way to earn quick returns on your property is high rentals. Hence, your search for property and decision to give it out on rent must depend on three factors - location, location and location.
When you plan to buy an apartment or plot, location plays a significant factor to determine whether the investment will fetch you rich returns. The city's growing realty sector ensures that rental returns are significant if you choose the location wisely.
Tenants looking for homes are also looking for proximity to social infrastructure,public transport networks as well as quality of living.
Facilities
In an apartment, rental returns are based on factors such as facilities available within the complex like round-the-clock security, parking, play areas, gym, swimming pool and other entertainment options. Proximity to prominent retail high streets in the area as well as good connectivity are also things that matter.
For an individual house, parking, adequate water supply, interiors with all amenities and good location are the criteria.
In gated communities, the quality of lifestyle and location of the villas as well as reputation of the property developer plays a vital role in determining good rental returns.
Infrastructure
For a property to fetch high rental returns, the infrastructure in its vicinity is an indicative factor. In areas such as Baiyappanahalli, Ramamoorthynagar, and Indiranagar rents have spiraled after the Metro Rail commenced operations. This effect will spillover to areas where the Metro will reach in its later phases.
Infrastructure such as roads and Metro Rail connectivity are significant factors when you are looking to gain out of an investment in property.
Localities
The city's growth along the Outer Ring Road (ORR) has been phenomenal. Development of residential properties has taken off in a big way in a radius ranging from 5-7 km off the ORR.
In the region of the international airport, the emergence of residential spaces in areas like Hebbal, Bellary Road, Yelahanka, Doddaballapur and areas around NH-7 can be attributed to the rapid progress of infrastructure projects. Between Doddaballapur and Hessarghatta Road there are many projects and also on the stretch between Hebbal and Yelahanka.
The Whitefield micro market is a self-sustaining region with widespread residential growth making its way up to Hoskote industrial area, owing to the upgradation of Old Madras Road and expressway to Chennai.
In the South, Kanakapura Road and its surrounding areas as well as Bannerghatta Road continue to attract high rental returns. Residential projects coming up along the Anekal stretch consist of apartments and gated communities.
In the West, the Magadi-Mysore Road section is a big draw for residential development. The proposed high speed rail connectivity to Mysore as well as industrial growth in the region has triggered off a boom in this area of the city.
Source: Times Property
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