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Hoskote: An Attractive Mid-Segment Market for Real Estate in BangaloreAn exciting destination for real estate in Bangalore today is Hoskote. This region of Bangalore is today a residential hub which is in much demand among those eager to own residential property in Bangalore and the price of properties here has also risen considerably as has the supply of new homes. A few reasons why Hoskote is in demand is the region's proximity to IT parks, the easy availability of affordable housing, and higher than average appreciation in the capital value of the properties in Hoskote.
What Makes Hoskote an Attractive Realty Market?This region is located 25 kilometers from Bangalore and was earlier known to be a popular industrial hub, however with the passage of time Hoskote has shed its tag as an industrial township and transformed itself into planned satellite township, not unlike the suburbs of Mumbai such as Navi Mumbai. This has led property in Bangalore located as Hoskote to be highly prized among home buyers. Top builders in Bangalore too have flocked to Hoskote to take advantage of the positive transformation this region of Bangalore has undertaken which has made Hoskote a desirable place to live for many who work in Bangalore’s vibrant IT sector.
IT Helps Bangalore RealtyAccording to experts, Hoskote has gained prominence due to its proximity to IT hubs and because of Bangalore’s software and technology industry which has over the past few years expanded in size employing a larger share of the cities workforce. A larger number of BPO companies in the city are also responsible for Hoskote’s good fortunes as many of those who work in the cities BPO sector prefer to live in Hoskote. Other factors which have led to an increase in the demand for property in Hoskote are the planned auto hubs and manufacturing hubs in the region which together have led to greater demand for upcoming projects in Bangalore located at Hoskote.
Capital Values at HoskoteWhile capital values at Hoskote are as yet modest when compared to regions such as Navi Mumbai, they are nonetheless a sign of a bustling real estate market in Hoskote. The rate of homes at Hoskote today stand at between 2,700 and 3,200 rupees per square foot which signify that the region is preferred by the middle-income segment of homebuyers. When such middle-income buyers are eager to invest in new projects in Bangalore, the neighborhood of Hoskote certainly deserves their attention. Buyers keen to own apartments in Bangalore which are priced at 30 to 40 lakhs shall find no shortage of such homes in Hoskote. Many such homes today are bought by middle-income households not only for the purpose of end use but also as an investment vehicle as buyers rightly expect their property will appreciate in value over the next few years.
Hoskote is a Renters Market As WellIn addition to providing households with an asset that is likely to appreciate in value, flats for sale in Bangalore located at Hoskote also provide owners the means to earn rental income from their property. While the rental incomes earned today are modest ranging from between 6,000 to 13,000 rupees per month, over time such rentals are bound to rise in value as the region serves its residents with better social and physical infrastructure. Many of those who rent homes in Hoskote work in Whitefield and hence the locality provides them an ideal locality at which to live due to an easy commute. However, buyers eagerly looking for luxury apartments in Bangalore may not find many suitable properties in Hoskote.
