Hoskote
Hoskote, an evolving satellite town near Bangalore, is known for its vibrant industrial sector, serene lakes, and flourishing real estate market.
Location Information
Overview
Hoskote, located in the Bangalore Rural district of Karnataka, is a bustling town with a rich history dating back to the Hoysala Dynasty. It's strategically located near the IT hub of Bangalore, making it a sought-after residential and industrial area. The town is surrounded by five lakes and boasts of a healthy green cover, adding to its appeal.
The Lifestyle
With a blend of urban conveniences and rural tranquility, Hoskote offers a balanced lifestyle. The community is diverse, housing people from various professions, especially from the IT and industrial sectors. Numerous cultural and religious festivals celebrated throughout the year add vibrancy to the town's community life.
Attributes
Proximity to Bangalore | Strong Industrial Sector | Fast-growing Real Estate Market | Five Lakes | Cultural Diversity | Green Cover
You're sure to adore
The serene and peaceful lifestyle of Hoskote, its historical landmarks, and beautiful nature spots.
The Market
The real estate market in Hoskote is thriving due to its strategic location and affordable prices. Residential plots range from INR 1,200 to 3,500 per sq. ft. and the area has seen a steady appreciation in property rates over the years.
Connectivity
Airport
The nearest airport to Hoskote is Kempegowda International Airport, located approximately 32 km away.
Bus
Hoskote is well-connected via bus services provided by Bangalore Metropolitan Transport Corporation (BMTC).
Train
Krishnarajapuram railway station, located about 23 km away, is the closest major railway station to Hoskote.
Road
National Highway 75 (NH 75) passes through Hoskote, providing excellent road connectivity.
Social Infrastructure
Educational Institutions
Prominent educational institutions include New Baldwin International School, Vydehi Institute of Medical Sciences. Hospitals like MVJ Medical College and Research Hospital are known for their healthcare services.
Hospitals
Key hospitals in Hoskote include MVJ Medical College & Hospital and Mission Hospital.
Crime Rate
The crime rate in Hoskote is relatively low, making it a safe environment for residents.
Geography
Soil
The region has red loamy soil, suitable for various crops including mulberry for silk production.
Topography
Hoskote is located on the Deccan Plateau, with a mix of flatlands and gentle slopes.
Altitude
The town is situated at an altitude of approximately 915 meters above sea level.
Flora & Fauna
The region is rich in biodiversity, with a variety of trees, birds, and small wildlife.
Climate
Season at a Glance
Hoskote experiences a tropical savanna climate with distinct wet, dry, and warm seasons.
Rainfall
The average annual rainfall in Hoskote is around 800 mm.
Temperature
The temperature in Hoskote ranges between 15°C in winter to 35°C in summer.
Real Estate Trends
Rental Yield
The average rental yield in Hoskote is around 3-4%.
Capital Appreciation
Real estate in Hoskote has seen a capital appreciation of 7-10% in the last few years.
Average Price per sq.ft
The average price per square foot for residential properties in Hoskote is around INR 4000.
Demand & Supply Dynamics
There is a steady demand for residential properties in Hoskote, driven by its proximity to Bengaluru.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are around 50 AirBnb listings in Hoskote, mostly homestays and serviced apartments.
Revenue Potential
The revenue potential for real estate in Hoskote is high, given its growing popularity as a residential area.
Occupancy Rate
The average occupancy rate for rental properties in Hoskote is around 70%.
ADR
The average daily rate (ADR) for AirBnb rentals in Hoskote is around INR 2000.
RevPar
The revenue per available room (RevPAR) in Hoskote is approximately INR 1400.
Investment Guide
1. Investing in residential plots can provide good returns due to the rapidly developing infrastructure.
2. Properties near the industrial area are in high demand.
3. Consider investing in short-term rental properties due to the increasing number of tourists and business travelers.
Places to Visit
40 km I A 16th century fort, is known for its sturdy walls and well-preserved bastions. It is also the birthplace of Tipu Sultan, the famous ruler of Mysore.
55 km I A challenging trek with rewarding views at the summit.
16 km I A serene lake known for its diverse birdlife and peaceful atmosphere.
40 km I A 16th century fort, is known for its sturdy walls and well-preserved bastions. It is also the birthplace of Tipu Sultan, the famous ruler of Mysore.