Why Location is considered an important factor to buy and sell property.
Location, location, location", an important and common mantra in real estate— but the truth is most people have no idea what it means.
Homebuyers who choose the best locales unknowingly hold the most valuable property that also depreciates at a much slower rate. This difference in value is actually a result of a home's location.
Why Is Location Important?
First, let's understand the fact as to why the three most important factors to keep in mind while buying a property are location, location, and location. Most people decide to buy a property based on how much they like the house or apartment, but what needs to be considered is the location. Remember, you are also buying a land or a plot when you buy a property.
The house currently standing on that land can be remodeled or renovated but you can't change the location of the house.
Whenever you are buying an apartment in a city, you are also investing in a particular location. Location is most of the time, the single most important driving force behind the value of a property.
Any "good" location for homebuyers usually has easy accessibility to the prime spots of the city, well-ranked schools, and community involvement.
Another important factor to consider is that a "good" location or a "bad" location will not stay that way forever. Cities, towns, and suburban communities are constantly changing, and neighborhoods can also change from less desirable to ones considered "up and coming" within a few years.
A good location may mean different things to different people, of course, but there are also a lot of factors that determine the value of a home. Depending on your personal preferences, you may not be able to buy a home with all of the factors and that's absolutely OK. After all, buying a dream home is much more than just an investment.
When you are home-hunting give special attention to nearby amenities. Buyers usually want convenient dry cleaners, grocery stores and entertainment. Consider roads, trains and public transportation for transportation, such as subway stations, bus stops and public bike-share locations. Proximity to amenities will typically improve a home's value.
Station. It is also well-connected to the Kempegowda International Airport and can be reached in about 40 minutes. Apart from that, the Krantivira Sangolli Rayanna Railway Station is 11 km away and can be reached in about 30-35 minutes.
Social & retail infra
Some of the most popular shopping and entertainment centers such as Esteem Mall (6 km), Elements Mall (4 km), RMZ Galleria Mall (10 km) and Orion East Mall (10 km), are all in close proximity. A lot of reputed educational institutions in and around Hebbal include Vidya Niketan School, Sindhi High School, and Jain Heritage School.
Prominent healthcare facilities here are Columbia Asia Hospital Hebbal, Bangalore Baptist Hospital, Columbia Asia Hospital Hebbal and Aster CMI Hospital.
Nearby employment hubs
Hebbal shares proximity with Manyata Tech Park, a well-known IT park that hosts offices of major IT & ITeS companies. This major job hub is conveniently placed at a distance of 4 km from Hebbal and can be easily reached in 15-20 minutes.
Over the last couple of years, property prices in Hebbal have been increasing at an average of 10-11% each year. So if you plan to buy an apartment here, it's going to be a lot more valuable in a very short period of time. Hebbal is one of the key emerging localities in Bangalore and a great real estate investment option.
Jakkur- Yet another promising location for real estate investment
Nestled in the northeastern part of Bangalore, Jakkur is a beautiful locality mostly known for the presence of the Jakkur Lake. Jakkur houses a wide range of residential options and also offers smooth connectivity to Telecom Layout, Thanisandra and Rachenahalli via Bellary Road. When it comes to residential, Jakkur has a lot of options that include builder floors, row houses, uber-luxury apartments, villas and mansions. But out of all, these 2 and 3 BHK apartments are the most sought-after configurations in this locality.
Another factor that has been working in favor of the location is its close proximity to Manyata and Kirloskar Tech Parks. Enhanced connectivity via the upcoming metro from KR Puram to the Kempegowda International Airport is expected to further increase the demand for housing in this area.
Connectivity with nearby Jakkur localitiesr
30 mins to the Bangalore City Junction Railway Station
Nearest Metro Stations are Byappanahalli Metro Station and Swami Vivekananda Metro Station
30 mins drive to the Kempegowda International Airport.
BMTC bus services connect Jakkur to all other important areas of the city.
Bellary Road runs near the locality.
Nearest railway station- Kodigehalli Railway Station
Employment hubs near Jakkur
International Tech Park (ITPB) – 19.9 kms via NH-75 and Whitefield.
KIADB Industrial Area – 14.5 kms via Bellary Road.
Jakkur Aerodrome, located in the vicinity.
Koramangala – 23.7 kms via Bellary Road.
Wipro Corporate Office – 15.3 kilometres via NH-74/NH-44.
Embassy Manyata Business Park – 3.3 kms.
Schools and other social amenities in Jakkur
Some of the reputed schools in Jakkur include the Greenfield Public School, Vibgyor High Jakkur and Government Flying Training School. Leading hospitals in Jakkur include the Columbia Asia Hospital – Hebbal, Motherhood Hospital and Regal Hospital Bangalore.
Well-known shopping malls in Jakkur include the Regalia Elements Mall and Orion Mall which are few of the shopping malls in Jakkur.
Upcoming physical infrastructure in Jakkur
The construction of the proposed elevated expressway will boost connectivity in that area.
The construction of the proposed Peripheral Ring Road, supporting 8 lanes of traffic, will reduce traffic to a great extent in the entire stretch.
Reasons to invest in Jakkur
Taking a look at the current price trends in Jakkur along with all the other factors here, it is certain that the demand for this area will continue to rise when it comes to residential housing.
The connectivity to some of the major business destinations, the developing social infrastructure and the presence of the Aerodrome will continue to facilitate appreciation.