Real estate is a popular investment option for many due to its potential for long-term returns and wealth creation. However, location is one of the most critical factors when investing in real estate. The location of a property can significantly impact its value, rental income potential, and overall return on investment.
Investing in a property in a desirable location with good infrastructure, amenities, and access to transportation can increase its value over time and attract high-quality tenants. On the other hand, a property in a less desirable area with limited infrastructure, high crime rates, or poor access to transportation can decrease in value and have difficulty attracting tenants or buyers.
A location that has put itself on the real estate hotspot map is Binnypet in Bangalore. Once known as a satellite town, Binnypet has seen enormous development in recent years. According to the 2020 Ease of Living Index, Bangalore ranked as the most liveable city in the country. The Binnypet region has been no exception to this transformation in Bangalore.
A Famed Past
When we speak of Binnypet, we cannot ignore the history of this place. Bangalore Steam Woollen Mills, also known as Binny Mills, was a crucial contributor to the garment industry in Karnataka. The Binnypet area was known for the Binnyston Garden, a green haven with vast lakes. Due to the embrace of modernisation, Binny Mills was closed down in 2005. After this, Binnypet remained a hidden area in the rapidly developing Bangalore city.
A Rejuvenated Renovation
In recent years, Bangalore gained fame as the ‘Silicon City’ of India. It resulted in a mass migration of individuals from all over the country into the city. The once-forgotten area of Binnypet was one of the many regions that benefited from this influx. The location of Binnypet caught the attention of real estate developers, and big names in the market undertook premium projects in the Binnypet area.
A Promising Future
As Binnypet started flourishing due to the rapid development of Bangalore, real estate developers began to understand the importance of Binnypet. Binnypet is a well-connected area with convenient access to the commercial and residential hubs of the city. The Binnypet area today has excellent connectivity with easy reach to different regions in Bangalore by the Namma Metro, Magadi Road, MG Road, and the KSR Railway Terminus, also known as the Bangalore City Railway Station. At Binnypet, two metro lines intersect-Mysuru Road to Kengeri and Byapanahalli to Whitefield. The distance to the Kempegowda International Airport is 37 km.
Top Reasons to Consider Investing in Binnypet in 2023
Source: Magic Bricks
Shapoorji Pallonji Parkwest Residences in Binnypet
Shapoorji Pallonji, one of the most trusted Indian brands offers two stunning residential projects in the thriving region of Binnypet in Bangalore — Parkwest and Parkwest 2.0. These residential projects have a host of top-quality amenities and are located in prime zones of Binnypet with easy access to other parts of the city.
To learn more, visit — https://shapoorjirealestate.com/residential/parkwest-20/
Originally published at http://realestateandepc.wordpress.com on April 21, 2023.
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