Is Hosur a good place to invest

With the real estate in Bangalore soaring high, real estate developers are now looking at cheaper locations. In the last few years, Mysore has benefited from the high cost in land in Bangalore. Now, hosur is the new kid on the block.

The location, hosur is located in Krishnagiri district, Tamil Nadu. Located at a distance of 294 kilometers from Chennai, hosur is only 40 kilometers away from Bangalore. Like Bangalore, hosur has a pleasant climate with the temperature ranging between 15 and 30 degree Celsius.

Why Hosur? There are many reasons why hosur should be included in your investment zone. For starters, IT companies are looking at locations beyond Bangalore, thanks to the rising cost of land and infrastructural nightmares in the city. On the other hand, Hosur has a sound infrastructure as it has been an industrial hub for over two decades.

Hosur proximity to Bangalore, the upcoming Special Economic Zone and the IT parks have enhanced its potential as a possible real estate destination. It houses the SIPCOT’s industrial estate and many major floriculture exports units of Tamil Nadu. Once the proposed SEZ becomes a reality, Hosur is expected to draw an investment of Rs 2000 crore with major IT companies expected to set up their campuses here. Elcot has allocated land in the Hosur IT SEZ to six companies.

As a result, the requirement for residential as well as office spaces has gone up. The potential for increase in capital values, especially of the residential units is huge.

The investment options. Hosur offers a range of investment options, especially in the residential property space. You can choose from apartments, row houses and plots of land.

Where in Hosur? If you want to invest for the long term, Ring Road should be your first priority. While the road, which will connect NH-7 to Thally Road, is under construction, it will be ready soon. You could also invest in NH-7 towards Krishnagiri, as many industries coming up in that area along with a third SIPCOT. If you are short on budget, you can look at properties located at Avalapalli Dam Road, Rayakottai Road and Chinna Elaththagiri( near Titan Industries)

For short or medium term investments look at plots near TVS, Sanasandhiram, Anand Nagar(Behind TITAN), TVS Nagar and Muneeshwar Nagar. If you want to invest in farmlands, look at areas near Denkanikottai, Thally, Krishnagiri, Dharamapuri and Kelamangalam Depending on location, capital values of plots ranges between Rs 300- Rs 1200 per sqfeet.