Tips to invest in cost effective plots in Hosur

Bengaluru remains one of the most sought after real estate locations in the country. Hosur is the border town between Bangalore and the neighbouring state of Tamil Nadu. It has traditionally been living under the fame of its more influential neighbour but now it has become a real estate and commercial hub in its own right. It is pretty much a major junction connecting Bangalore and Chennai. It is a viable centre for the automobile industry and the slow but steady upturn of the auto market in India and around the world will surely reflect on the real estate economy. Hosur is merely 23 kilometres from the electronic city sector of Bengaluru, which makes it one of the most viable real estate options in the whole of Karnataka. About half of the total real estate development in the greater Bengaluru metropolitan area is being affected in and around Hosur, says property experts at Sulekha Properties.

However, many people can be heard saying that in the past year, the real estate market in Hosur has been sluggish. This is because of the simple fact that there have been a lot of mindless investments in unviable properties which has led to many buyers feeling discontented. Therefore, it is important that one should invest in cost effective plots in Hosur.

There has been about a 70% rise in the IT investment in and around Hosur, which has made a lot of It professionals look for a place near their offices. Buyers from Bangalore are not very keen traditionally in buying land or apartments in Hosur, which keeps the sector open to migrant professionals who are looking for a place that is well connected to most industrial hubs and at the same time offers all such basic civic amenities like hospitals, markets and good roads.

Since Hosur is located about 10 kilometres from the border of Bangalore, many people who cannot meet the rapidly rising prices of realty in the garden city are choosing to invest in properties in Hosur. This, inspite of the fact that prices has increased three or even four fold in the past seven years or so. Hosur also has amazing road and railway connectivity to another industrial and commercial hub, Chennai. All in all, inspite of a lot of professionals warning you about the possibility of burning your fingers in the real estate market of Hosur, it is still a safe and viable investment for anyone looking for a cost effective plot to make their own home.