Weekend Home Hotspots Near Bangalore: A Real Estate Investor's Guide
Bangalore's ever-growing allure has fueled a surge in demand for weekend homes in its surrounding suburbs. Several factors contribute to this trend, including improved connectivity and the desire for larger, more affordable homes. Let's delve into some prime locations that have captured the attention of aspirational homeowners.
Several infrastructure projects have significantly enhanced connectivity around Bangalore. These include the Bangalore-Chennai Expressway, the Bangalore Peripheral Ring Road, and the partially completed Bangalore-Mysore Road. Such developments have opened up new areas, transforming once-remote locations into sought-after weekend destinations. Furthermore, new outlying areas within Bruhat Bengaluru Mahanagara Palike (BBMP) limits ensure better infrastructure, encompassing internal roads, flyovers, highways, streetlights, and a reliable water supply. This has made investing in real estate on the city's outskirts more practical. Bangalore's steadily increasing real estate prices further motivate prospective homeowners to seek more spacious and cost-effective options in the surrounding areas. Purchasing a vacation home outside the city is also considered a smart way to diversify and enhance investment portfolios. Let's explore five prime weekend getaway locations in and around Bangalore.
Mysore
Approximately 160 km from Bangalore via NH-948, Mysore stands out as a preferred weekend retreat. Its appeal is amplified by the ongoing Bengaluru-Mysuru Expressway, which continues to facilitate convenient travel. Moreover, essential amenities, including hospitals, schools, and bustling markets, make Mysore an attractive option for a second home. Prominent developers, such as Sankalp Group, Brigade Group, Damdan, and Pathak Developers, offer diverse housing options, including apartments, villas, builder floors and land parcels throughout several parts of Mysore. Notably, land prices in areas like JSS Layout, Hebbal, and Najangud Belavadi have seen a significant increase of 30 to 35 percent in recent years. According to current trends, 1,200 square feet of residential land in Mysore typically costs Rs 30 lakh, while a 4-bedroom villa spanning 1,700 square feet starts at Rs 75 lakh.
Mangalore
Reachable via NH-75 or a short flight, Mangalore lies about 350 km from Bangalore, offering a coastal haven with diverse real estate options. Mangalore boasts beach homes, apartments, residential plots, and more. This burgeoning city presents excellent social infrastructure, featuring schools, hospitals, markets, well-maintained roads, efficient sewage systems, and more. Notable developers such as Mohtisham Complexes, Raheja Universal, and Northern Sky Properties contribute to the city's realty landscape. Intercity travel is facilitated by robust roads, ensuring seamless connectivity, further enhanced by strategically placed overpasses and underpasses surrounding the airport. These factors collectively help in maintaining the upward trajectory of Mangalore's real estate market.
Ooty
About 375 km from Bangalore, Ooty presents a serene escape, accessible via NH-44. Located approximately 85 km from Coimbatore, it offers flight connectivity via NH-181. As a developing city, Ooty boasts a well-planned road network, alongside various amenities like markets, malls, schools, and hospitals. Planned infrastructure projects like the flyover on the Mettupalayam-Ooty National Highway promise better traffic flow between Coimbatore and other prominent destinations like Ooty, Mysore, Coonoor, and Mettupalayam.
Pondicherry
Known for its tranquility and picturesque views, Pondicherry, about 350 km from Bangalore and accessible via NH-48 or a one-hour flight, is ideal for weekend homes. From residential plots to apartments, Pondicherry caters to various investment preferences. The city also has a well-developed road network, simplifying commutes within city limits and beyond. Several proposed and ongoing projects like the flyover between Indira Gandhi Square and Rajiv Gandhi Square, the grade separator, and further development of the East Coast Road between Mahabalipuram and Puducherry suggest a positive effect on the real estate market's upward trend.
Kannur
Kannur, roughly 300 km from Bangalore, is another popular option. Accessible through Mysore Road and Thalassery-Mysore Road, this laid-back city offers easy access to necessary social amenities, including markets, entertainment venues, hospitals, and schools. While also serving as a tourist destination, Kannur provides convenient connectivity thanks to the nearby airport, which is located approximately 25 km from the city center. NH-66 provides easy access to nearby cities and a well-developed road network. Government subsidy programs are also fueling the area's growth. Kannur hosts a number of developers, including Sreerosh Developers, Rainbow Developers, and Asset Homes. The most sought-after residential zones are concentrated within Payambalam and Kuthuparamba.