The Real Estate Scenario in Sarjapur Road Bangalore

One of the fast-growing suburbs around Bangalore city is Sarjapur. Located in the south east of the city, this locality is now the hub of IT companies and manufacturing industries. The growth of IT and IT-based companies in this area has led to the spurt of development of residential flats and apartments. This is because most of the people who come to work in these companies are not natives of this city, but come from all over the country. So, all of them are looking for hostels, PGs, and houses for rent. They prefer to look for a place that is close to their company as it reduces the daily commute. Moreover, the cost of living in this suburban area is less compared to living in the city.

Let’s take a detailed look at the real estate scenario in Sarjapur Road Bangalore. If you are looking at the availability of commercial space, Sarjapur has plenty to offer. There are ample number of Grade A offices suitable for large companies. Plus, there are many commercial building projects in the pipeline. The biggest advantage for real estate development in Sarjapur is that there a lot of space to move. Buildings, either residential or commercial, cannot be constructed unless there is space. With the spaces in the city and the other suburban areas slowly filling up to the brim, the overflow is gradually moving towards Sarjapur road.

IT companies like Cisco, Wipro, HP, Cape Gemini, Accenture and Infosys have their offices in this locality. These companies have brought with them an influx of new residents. There are nearly 2 lakh employees working in these companies. So, there is a demand for 1 BHK and 2 BHK homes in this area. The emergence of the residential areas have also led to the growth of hospitals, malls, shops, banks, ATMs and other types of commercial establishments.

As the property values in this area is affordable when compared to the other parts of the city, many of the employees are even purchasing property instead of just going for rent. Taking into fact that Sarjapur has a sharp appreciation value, investors are confident that they will get good returns on their investment.

Connectivity is one of the most important reasons for the development of this locality. Located on the Outer Ring Road, Sarjapur can be easily accessed from the city or other suburban areas. Plus, it is easy to travel to Kolar, Hoskote, and Hosur (to Tamilnadu) via the National Highways. So people who have come from other states or other parts of the state find it easy to travel to their home town.

Statistically if you check the real estate in Sarjapur, you will note that it has seen an appreciation of nearly 7 percent over the last year. The property value has also been steadily increasing over the years. On the whole, the real estate scenario in property in Sarjapur Road Bangalore looks promising. With many construction projects in the pipeline and the development of the IT clusters, this place is sure to develop further in the coming years.

Increasing demand of real estate companies in North Bangalore - know why

Real estate is a growing industry especially when you consider the outskirts of Bangalore. North Bangalore is one of the major hubs of activity and this is the main reason why the demand for real estate has sky rocketed in the recent years. You will be astonished by the jaw dropping price some of the brokers will quote for a mere 2 BHK apartment. If you are thinking about moving in this part if the city or going to buy some property here, you will have to do a lot of market research before you take the plunge.

Things that you will have to keep in mind

The first thing you will have to understand is that the north is still the one area where the Silicon Valley is growing. Compared to the rest of the city, there are still land available in the northern part of the city. You will be able to find property in this part and some of them will eventually meet your budget. If you are looking for some residential apartment then North Bangalore is one of the first place you should start your search from. The regions around Hennur Road and Devanahalli are some of the best place that have gone through some real estate developments in recent times. Since there are still vacant lands available in these regions, you are more likely to find a place to stay than any other place in the town.

The kind of property you want to invest in

In terms of resale value and the available infrastructure, this is also a region which makes top priority for people looking for investment in real estate. There are all the modern amenities available in north Bangalore. You will be able to commute by the high speed Metro rails that has come up in this region. Most people who decide to live in Bangalore is because of the IT industry and you will need to commute from your office if you are working for a private sector. So getting a well-connected place should be the highest requirement when you are going to buy a residential apartment. You will be able to use the Metro rail and the mono rail links to get to the hub of the city where all the major corporations are located. This is an important factor when you consider the price of a real estate. The apartments or buildings located in close vicinity of a metro station will be priced much higher that the ones that are located in the interior. This does not mean you cannot reach the metro stations from the interior regions. The whole of north Bangalore is well connected by the metro link and there are more new projects which are coming up. It only means you will probably have to take some transport to reach the metro station and then avail the metro. If your priority is getting a place that is well connected, you will have to be prepared to shell out more.

Author Bio:Pratheepa is a professional content writer from Chennai who has a keen interest in researching and writing on the realty trends of the country. She currently writes for indiaproperty.com.