Property Investors Are Hooked To This Investment Avenue That’s Beyond Bengaluru (Literally!)
Well, some smart property investors are taking the road less taken.
Because they see a certain future in Marvel ECRON in Hubli, which incidentally is North
Karnataka’s first ever Grade A building.
When it comes to investing in commercial real estate in Karnataka, Bengaluru often steals the spotlight. Known as India's Silicon Valley, Bengaluru has attracted a plethora of businesses, startups, and investors, all drawn to its bustling tech scene and cosmopolitan lifestyle. However, this crowded market has led to soaring property prices and intense competition. For savvy investors looking for untapped opportunities, looking beyond Bengaluru to emerging cities like Hubli may just be the road less taken that leads to riches.
Why Look Beyond Bengaluru?
Bengaluru's success story is well-known. But as its popularity soars so do the costs associated with certain projects. The city's rapid growth has led to skyrocketing real estate prices, traffic congestion, and an overall strain on infrastructure. For businesses and investors, this means higher costs and lower returns. Moreover, the competition for prime office space is fierce, making it challenging for new entrants to find a foothold.
In contrast, secondary cities like Hubli offer a promising alternative. These cities are part of the Karnataka government's "Beyond Bengaluru" initiative, which aims to develop other regions in the state as thriving business hubs. Hubli, in particular, stands out as a city with immense potential, ready to welcome businesses and investors with open arms.
Why Hubli?
Hubli is one of the three cities identified to lead the Government of Karnataka’s Beyond Bengaluru initiative. Here’s why this city is poised for growth and why it should be on every investor’s radar:
- Affordable Commercial Property Prices:One of the most compelling reasons to consider Hubli is the cost advantage. Commercial property prices in Hubli-Dharwad are about one-third of those in Bengaluru. This significant price difference means lower initial investments and higher potential returns.
- Talent Hub: Hubli is home to several premier educational institutions, including engineering, medical, and dental colleges, as well as the prestigious IIT and IIIT. With over 5,000 graduates each year, businesses have access to a steady stream of skilled talent. This talent pool is crucial for companies looking to establish and grow their operations. Hubli is home to several premier educational institutions, including engineering, medical, and dental colleges, as well as the prestigious IIT and IIIT. With over 5,000 graduates each year, businesses have access to a steady stream of skilled talent. This talent pool is crucial for companies looking to establish and grow their operations.
- Pro-Business Climate:Hubli has a diverse industrial base, including engineering, automobile, valves, ceramics, and agri-processing industries. Additionally, the presence of the Deshpande Foundation has fostered a vibrant entrepreneurial ecosystem. This pro-business environment is ideal for companies looking to expand their footprint.
- Excellent Connectivity:Hubli's strategic location offers excellent connectivity to major cities like Bengaluru, Pune, Mumbai, Hyderabad, Goa, and Mangalore. The city is home to the third-largest airport in Karnataka and is well-connected by a six-lane corridor linking Bengaluru, Hubli, Pune, and Mumbai. This makes Hubli an accessible and convenient location for businesses and investors.
- Government Support:As one of the three cities identified by the GoK for the Beyond Bengaluru initiative, it is clear that Hubli will not be devoid of government support. This initiative focuses on promoting business development and infrastructure growth, ensuring a conducive environment for investments.
- Marvel ECRON: The Jewel of Hubli For entities looking to establish a presence in Hubli, Marvel ECRON stands out as the premier choice. This Grade A building, the first of its kind in North Karnataka, offers a host of advantages.
- Smart Location within a Smart City: Situated in a strategic location, Marvel ECRON benefits from Hubli’s smart city initiatives, which focus on sustainable urban development and high-quality infrastructure.
- Designed to Business Specs: Marvel ECRON is designed with businesses in mind, offering customizable office spaces that cater to various needs. This flexibility ensures that companies can create work environments that enhance productivity and innovation.
- Energy Efficient:With a focus on sustainability, Marvel ECRON incorporates energy-efficient designs that reduce operational costs and promote environmental responsibility.
- High Design Quotient: The building boasts a high design quotient, featuring modern architecture and state-of-the-art amenities that create a conducive work environment.
- Futuristic Design:Marvel ECRON’s futuristic design ensures that businesses are not just prepared for today’s needs but are also equipped for future growth and technological advancements.
- RERA Approved: As a RERA-approved property, Marvel ECRON offers transparency and accountability, giving investors peace of mind.
- Backed by Legacy: Marvel ECRON is backed by a legacy of excellence, ensuring reliability and trustworthiness
Why Property Investors Should Choose Marvel ECRON
For property investors, Marvel ECRON in Hubli presents a golden opportunity. Here’s why: - First and Only Grade A Property in North Karnataka: Marvel ECRON’s distinction as the only Grade A property in the region sets it apart, making it a sought-after investment.
- Proximity to Airport: Located just 4 kilometers from the airport, Marvel ECRON offers unparalleled convenience for businesses that require frequent travel.
- RERA Approved: The property’s RERA approval guarantees regulatory compliance and investor protection.
- Impressive Growth: Marvel ECRON has seen a 64% growth within three years of launch, demonstrating its strong market appeal and investment potential.
- Few units left: That over 70% of the units in ECRON are already taken a testament to its desirability amongst smart property investors.
- Attractive Yield: Investors can expect an annual yield of 7-8%, making Marvel ECRON a lucrative investment option.
- Leasing Contracts: Marvel ECRON is inching towards closure of leasing contracts with startups, MNCs, IT/ITeS companies, fintech firms, and co-working spaces, thereby ensuring a steady stream of rental income.
- Legacy of Excellence: Backed by 12+ years of Marvel Properties’ legacy of quality and trust, Marvel ECRON offers a reliable and profitable investment. While Bengaluru remains an attractive destination for commercial real estate investments, the road
less taken—investing in Hubli—offers unique advantages. With its affordable property prices, rich talent pool, pro-business environment, excellent connectivity, and strong government support, Hubli is poised to become a major business hub.
Marvel ECRON, as North Karnataka’s first Grade A building, exemplifies the potential of Hubli. For businesses seeking a strategic location and investors looking for high returns, Marvel ECRON represents the best of what Hubli has to offer. By choosing the road less taken, investors can uncover hidden opportunities and achieve significant growth and success.
For Investment/Leasing queries with regard to Marvel ECRON, call 1800 425 6100 (Toll free) or write to enquiry@marvelproperties.co.in