Malur, situated in the Kolar district of Karnataka, is located very near to Bangalore. It’s a developing town and there are various plotted development projects that are coming up there these days. Now, how worthwhile is it to invest in a small-town area like Malur? It can be a daunting job to find the exact way and place to invest your earnings. Malur certainly qualifies to be one of them. There are numerous reasons for it.
The proximity to the state capital:
It is surely the most important of them. Bangalore has become extremely overpopulated and crowded. People have started looking for peripheral areas near to Bangalore as an alternative. So, what’s the next best option? The answer is Malur. It’s only 36kms away from Bangalore, which would make it an ideal location.
The rising economy:
Exporting of vegetables grown there with high technology, to bigger cities like Hyderabad, Bangalore, Chennai, etc. has given a boost to their economy. Also, big and established companies like Honda, Mahindra Aerospace, Scania, etc. have set up their factories there, which will further the growth. There are also many projects being launched here.
Increase in the rate of employment:
Due to the increasing no. of factories and industries, the rate of employment has also increased, which will attract more people, which in turn increases the population.
Increased requirement for Living space:
Due to the increasing population, there would definitely be an increase in the need for land. This leads to a boom in the real estate business, which again, is a good reason to invest in Plotted Development there.