Bengaluru has been one of the very few cities in the country to have seen a relatively constructive markets. Even in the last quarter of the year 2016, post the demonetization move, there has been a marginal growth in property prices (0.07%) as well as a rise in consumer demand.
Most coveted Areas:
Bannerghatta Road: Bannerghatta Main Road has the highest share of consumer demand for home purchase, followed by Begur Road which provides good connectivity to Electronic City.
Electronic City: Electronic City has the uppermost share. The next maximum demand is in Electronics City Phase-1. Since most of the people working in Electronic City prefer to live here its much in demand.
Sarjapur Road: Sarjapur Road and HSR Layout both contribute over 30 percent each consumer demand for buying home. Sarjapur Road is an upcoming residential locality withfresh launches every quarter.
Whitefield: In the case of claim for home buying, Marathahalli has the uppermost share. This is mainly due to its accessibility to both South and North Bengaluru. It is observed that there are more number of ready-to-move-in apartments in Marathahalli in comparison to other localities within this corridor.
Thanisandra Yelahanka: Hebbal has the utmost consumer demand at 49 percent. It is favoured by end users due to good social infrastructure and connectivity and by investors as it raises good rental yield.
Bannerghatta Road: A pot of Gold!
Bangalore’s Bannerghatta Road is one hot property in the city for the following reasons.
The recent decision taken by the Karnataka Government to upsurge the width of the Bannerghatta Road to 45 metres superseding the decision taken by Bruhat Bangalore MahanagaraPalike (BBMP) to broaden the road by just 35 metres will be a boon to motorists and a bane to property owners who have a road façade.
More than 400 property owners are likely to have their property either partly or fully attained for the road widening project. The private properties include vacant buildings, plots and even some places of worship.
There are a number of projects coming up in JP Nagar, Whitefield, Hosur Road, Kanakapura Road, Sarjapur Road and Bannerghatta Main Road. The interest in Whitefield is from both end users and investors while the other areas are mostly from home buyers. Electronic City Phase 1 has also been in demand with buyers.
Bannerghatta Road, State Highway 87 as its known to the world today is a 50 km long arterial road that links Bangalore with other towns like Jigani, Anekal and Bannerghatta. Coming under Bruhat Bangalore MahanagaraPalike, the stretch has quickly developed villages in and around it.
Traversing major arterial roads, Bannerghatta road relishes great accessibility. The 50-km stretch is well intersected to the city via roads and rail. Private rickshaws and Bangalore Metropolitan Transport Corporation buses enhanced inter-locality connectivity here.
Hiranandani Queensgate: Radiating Regally all over the city
Hiranandani Queensgate Bangalore is a place where you can enjoy a lavish lifestyle but with a difference. It is a hi-tech and modern environment, wherein your very need is catered. The excellent flooring, posh baths, large rooms, large balconies and various in-built features speak sophistication and skill. It offers beautiful 1BHK, 2BHK and 3BHK units, each of which have been superbly constructed and with interiors that are simple, yet modern. These properties are inclusive of latest living facilities which accompanies ease and comfort into your everyday life. Located in Bannerghatta Main Road, Brindavan Extension, Arakere, Bangalore, Karnataka, the gorgeous location makes these properties a hot investment option.
January 05, 2018