There are many famous places in the southern part of India. Bangalore is a very eminent city in South India because of many reasons. Tumkur is a directorial district in the state of Karnataka. It was previously a part of the old Mysuru State. It has always been a nice place having many good areas to explore and invest in its land. It was built in 1832 during the days of the British commissioner of Mysuru. His name was Sir Mark Cubbon. It was established as Chitaldroog Division including the area of current Chitradurga and Tumakuru districts headquartered at Tumakuru. Major General Richard Stewart Dobbs was the first collector of the district who was key responsible for the formation of the Munro system of administration.
Some of the best localities to buy property in Tumkur are Gokula Extension, SiraaTaluq, Madhugiri, Tiptur, Hebbaka Tank, Maruthi Nagar, Dabespet, SIT Extension, and Sirbypass Road. There are other localities as well that can attract investors like Shivakumarswamy Layout, Chelur, Sadashivanagar, Shetty Halli, Sapthagiri Extension and SS Puram. These properties have all the basic amenities. Other affordable properties that can be easily available are Tumkur-Sira Road, Koratagere, Satyamangala, Hanumanthapura, and Gandhi Nagar. People are investing a large amount of money to have a land in these properties because they have the best connectivity, healthcare services are nearby and also schools, colleges, and some other important amenities are present there.
Tumkur is also popular as New West Bangalore. It has the potential to decongest the state capital and grow as a satellite city. Better-quality road networks and service prospects have turned Tumkur Road into a cornucopia of housing options.
Some of the most important things that make Tumkur a place to invest are its prime location, business trends in the future, the security of the place and good connectivity. Located along the western corridor of the city, Tumkur Road acts as a gateway to Northern Karnataka and is fast emerging as a satellite city that will play a vital role in decongesting Bangalore in the future. It is located about 70 km northwest of the city. Tumkur Road is a trade lifeline connecting 24 of the 30 districts of Karnataka and is also the major road route to Pune and Mumbai. This belt attracts buyer traction as it has a massive population of over 12 million people. Most of these people are skilled labor, working in MNCs. The region is now beholding substantial growth in terms of new residential and industrial projects, alongside governmental support with bodies like city councils, real estate developers, municipalities and industrial players. These trained people have joined hands to make it a planned center with world-class infrastructure and connectivity.
One of the main reasons for the admiration of Tumkur is its proximity to major infrastructural developments. With world-class amenities like Alur Cricket Stadium, Bengaluru International Exhibition Centre and Namma Metro, the region is composed to become an international engagement hub. It delivers an opportunity for a well-planned inhabited community with char air, less overfilled and easily accessible by road, air, and rail. The adjacent airport is Hindustan Airport which is 66km apart. Tumkur Railway Station is the adjacent station from this belt. Apart from this, there are numerous state road transport corporation buses in the region that ensure easy connectivity throughout the day.
Some planned connectivity projects in the pipeline comprise Metro Rail Phase 1 and Phase 2 and Peripheral Ring Road, which will formulate a half, circle around the city Tumkur Road to Hosur Road.
Average capital charges along Tumkur Road are around Rs 5,400 per square feet. As per the business specialists, home values along the stretch have risen somewhat, by around one percent.
Rental rates in Tumkur vary from Rs 5,000 to Rs 7,000 per month for 1BHK. A 2BHK is accessible for Rs 9,000-15,000 per month whereas a 3BHK is in between Rs 17,000 and Rs 25,000 per month, respectively.
The upcoming food skill parks around the satellite town and the predictable employment hub have catapulted Tumkur into the residential big league. Rendering to experts, capital gratitude in the region is 5-10 percent per annum. With mega-projects such as MBIC, PRR and metro intended along the road, residential and profitable growth is certain to transpire. Along with residential parts, demand for land parcels has also viewed a hike owing to its strategic location, providing room for healthcare, security, entertainment and other forms of social development.
By seeing the growth at which Tumkur is developing, the government aims to provide mass transport connectivity by spreading the current Bangalore’s Namma Metro link to Tumkur. It will be beneficial in the connectivity and transport facilities. Currently, the Namma Metro finishes near Nagasandra station and will be protracted till Bangalore International Exhibition Centre (BIEC) in phase two which will be a great idea. This can be extra extended to Tumkur itself in phase 3 or 4.
The government has recognized 9,629 acres in Vasanthanarasapura. It is a successful industrial hub of Tumkur for the development of the bulge. Adequate recompense has already been paid to the owners of up to 1,722 acres and the land has been assimilated. An opening notification has been allotted for another 7,900 acres. The agriculture and food dispensation industry is a highly focused sector. Along with it, a 103-acre food park at Vasanthanarsapura has been inaugurated by the PM, Narendra Modi. This is set to burn the sector with not just substructure and food processing equipment, but the skill up-gradation and healthier techniques of production and knowledge transfer on grading, packing, processing and marketing being given motivation here. Some other projects are also going on which will be helpful to establish Tumkur as a well-deserved land to invest your money. So, don’t waste time and go find a great deal in this area and enjoy the benefit in the near future along with your family.
Above are the top localities you can look to rent property in Tumkur.
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