« | Home | »

Hosur – Realty Contours of an Emerging Boomtown

Add comment   |   May 21, 2007    04:45pm   |Contributed by Indian Realty News

Hosur, a town in Krishnagiri district in the Indian state of Tamil Nadu, has become a magnet for multi national companies which have fuelled the rise in property price in this small town.

Located at a 30 minute drive from Electronics City, Hosur is home to IT majors like Infosys and Wipro. The place has emerged as one of the top investor’s choice for real estate investments.

Real estate in Hosur can flourish at the same pace as it has been in cyber cities such Noida and Gurgaon. Hosur has been developed in a comparatively clean ambience offering excellent connectivity to major locations through a fine network of roads.

Far from the maddening crowd, pollution, traffic, noise, Hosur has everything that developers and residents desire. Residential property in Hosur is available at a very economical price when compared to Bangalore and most importantly, the place has a very high appreciation potential. A stylish vacation villa in Hosur costs anywhere between Rs 29 lakh upwards.

Increasing influx of people into Bangalore encourages a need for other alternative locations such as Hosur which will not only serve as a better option in terms of offering a conducive business environment but a better place to live as well.

A lot of real estate investments are seen coming in Hosur and a major chunk of property developers believe that the place will certainly consolidate its recent gains in property prices and appreciate further in near future.

There are a number of real estate enthusiasts who are eager to buy properties in Hosur. Considering that the place offers an excellent infrastructure and all the basic facilities required for healthy and a comfortable living, most people believe that the next place that will develop is Hosur.

Upcoming Real Estate Projects in Hosur

Vakil Hosur Hills: Encouraged by such developments, Vakil Housing Development Corporation (VHDC), a leading Bangalore based construction company, has entered into Hosur. The company is planning to come up with the first gated community project of its kind in Hosur soon. And, the project will be named as Vakil Hosur Hills.

The project is to spread over 28.5 acres of land and will feature plots ranging from 1,500 sq ft to 3,300 sq ft replete with an array of amenities which will support the construction of a gated community. The project has so far attracted the interests from several investors.

A new elevated flyover connecting straight to Hosur, will add to infrastructure facilities of the place there by increasing its value. Industry watchers believe that Bangalore’s best real estate investment actually lies outside Bangalore. Seeing the upcoming places like Hosur, the belief seems apt.

News Published Under:   Real Estate India | No Comments »



Comments are closed.