HSR Layout-First Choice for Commercial Purposes

HSR Layout-First Choice for Commercial Purposes

By siliconindia   |   Thursday, March 12, 2015

Bangalore: HSR Layout is a short form of Hosur-Sarjapur Road Layout as this locality is positioned in between Hosur Road and Sarjapur Road in Southeast Bangalore. This locality is fully equipped with social infrastructure and it has easy access to Koramangala, Electronic city, Whitefield and BTM Layout.  HSR Layout is spread over 1,500 acres and alienated into seven sectors.

HSR Layout:

HSR Layout is emerging as a business district of the city. From the real estate perspective, this Layout is a first preferable area for commercial purposes, because many buyers are renting out their properties for commercial purposes.  For the last two years, HSR Layout, Sarjapur Road, Outer Ring Road and Hosur Road are performing well in the commercial market. Improved connectivity to most parts of Bangalore and well developed infrastructure are utmost reasons for the uplift of demand in HSR Layout.

Rental Perspective:

HSR Layout offers a mix of residential and commercial properties such as multi storey apartments, builder floor apartments, complexes and residential houses. This is one of the prime localities of Bangalore, which have seen a maximum price appreciation in terms of both commercial and residential rents.  In the span of two years (2010-2012), the rents in HSR Layout have augmented by 55 percent. One can get a 2 BHK apartment of 1000-1200 sq ft at a rental value of Rs 16000 to 20,000 per month and 3 BHK of 1400-2400 sq ft at a price of Rs 27000 to 30000 per month. 

The rental values in HSR Layout had shown an increasing trend with a escalate value of 21 percent. With this kind of augmentation, many real estate experts concluded this locality as a best area for investment purposes. A buyer who plans to invest in HSR Layout for leasing commercially can be assured for excellent returns.

Best performing Micro market – HSR Layout:

Last few months ago, the micro market has witnessed seen absorption of 3.70 million sq ft of office area; compared to 2013 year, there is a dramatic ascent of 34 percent in the absorption level in 2014. HSR Layout has obtained a high demand from mid segment IT /ITES professionals those who working in Electronic city, ORR, Marathalli, Bellandur and Sarjapur Road.  

This micro market has a large amount of office spaces which is covered by IT/ITES and Multi National Companies, about 95 percent of A-grade space is covered.

Real estate professionals stated “There is a high absorption rate for residential projects in HSR Layout compared to other micro markets in the city as this is the most preferred locality for IT professionals. This led to squat vacancy levels and increased rentals”.

Location benefit:

HSR Layout is an indispensable residential area developed by Bangalore Development Authority in 1984. This Layout is strategically located between the southern suburbs of Bangalore city, making it as a best place for commercial development. HSR Layout has its own BDA complex, where there is a high retail development. Moreover, it lies in easy access to many commercial hotspots such as Sarjapur Road, Marathalli, Whitefield, Koramangala, Jayanagar, Silk Board, Electronic city, JP Nagar and many others. This is the prime reasons for setting up offices on the Hosur – Sarjapur Road Stretch.

The Outer Ring Road stretch from Marathalli Junction to Central Silk Board includes many IT parks and SEZs (Special Economic Zones). The area includes several renowned educational institutions, shopping malls, Atm’s, banks, Restaurants, few kms distance to Multiplex,  groceries, Shopping areas, police station, electricity board office, Hospitals, gardens, More, Spencer, staples etc..

Infrastructural Development:

HSR layout is illustrated by three wide line roads which houses independent bungalows, commercial developments and attractive residential enclaves. These wide roads connect silk board junction and it has excellent bus connectivity through roadways.

A wide range of residential housing, excellent connectivity, excellent infrastructural development and high rental returns are making HSR Layout as a best commercial option for end users.

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