Residential Apartments push land prices in Sarjapur Road

Residential Apartments push land prices in Sarjapur Road

By siliconindia   |   Wednesday, August 27, 2014


Bangalore : Sarjapur, synonymous with Bangalore’s IT adroitness is one of the top localities in Bangalore, located in the outskirts of the city approximately 25 kilometers in the south east. In fact, the one reason for the rise of land prices in Sarjapur Road is the development of apartments. Proximity to work places, easy accessibility to IT clusters, SEZ’s, residential areas, Tech parks and improved connectivity due to flyovers, broad roads and ORR have ensured that Sarjapur is top listed locality. Many IT professionals own the apartments in this vicinity. This is an IT hub in Bangalore and investing in Sarjapur is a savvy option.

Sarjapur is witnessing a tremendous commercial and residential development. Price value appreciation of residential apartments in Sarjapur has been increased from 2012 onwards. Mostly all the reputed builders in Bangalore have started their residential projects in Sarjapur, this appreciation value not only augmented the land prices in that area it also enhanced the value of neighboring areas.

The demand and supply of all categories continued to remain constant in the first quarter of 2014. As per the research, the Sarjapur Road average price values from Oct to Dec 2013 is recorded correspondingly, the upper value ranges appreciated to Rs 22,137 per sq yd, Average value of Rs 21,429 per sq yd and Lowest range value of Rs 18,722 per sq yd. In the first quarter of 2014, the spurt in land prices is being attributed due to the development of apartments and recorded as highest locality price appreciated to Rs 29,303 per sq yd, average Locality price to Rs 26,826 per sq yd and lowest locality price to Rs 24,349 per yd.The annual capital appreciation of apartments is anticipated to enhance in the next five years by 15% and the land rates are also estimated to enhance in the same way.

 

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