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.
