Residential Demand in Bangalore Neighboring Places

Bangalore : Silicon city Bangalore is the only major city which is witnessing a significant residential growth in 2014. An Establishment of IT/ITES companies has been the major growth drivers. Being as an IT hub of India, Bangalore city is equipped with good social infrastructure and excellent educational institutions. Social and physical infrastructure development drives the demand for residential development in and around Bangalore. The most promising areas in Bangalore are Sarjapur Road, ORR, Whitefield and Hebbal (North Bangalore).

In Bangalore the real-estate development is close to saturation point within the city limits and looking out of the city. Currently, the city outskirts are alluring with outstanding realty development with good connectivity and infra structural prospects. Due to the expansion of residential development in all directions of the city, the neighboring places are also witnessing a substantial residential growth. Here are the few neighboring areas which are witnessing a residential demand.

Attibele : Attibele is located in the southern extremes of the city and coming up as a residential locality. It is positioned 32 kms away from heart of Bangalore and 8 kms from Hosur and Anekal on NH7and 13.3 kms from Electronic city. Due to good connectivity with prime location Electronic city, the Attibele area witnesses an extensive residential development. In April to June 2014 quarter, the property per sq ft value was at Rs 2676 and it appreciated in July to Sep 2014 to Rs 2846.

Bidadi : Bidadi is a neighborhood locality of west Bangalore which is situated on the Bangalore-Mysore highway. It is positioned at a distance of just 32 kms away from heart of Bangalore and 18 kms from Kengeri. It is a home for many large automobile clusters. This is famous for highest production of Mysore silk. Residential growth and industrial growth here is ascribed to the automobile sectors. This development is anticipated to augment, as it occupies a giant size of automobile development. In April to June 2014 quarter, the residential plot per Sq-Yard was at Rs 12,049 and it is appreciated to Rs 12,855 in July to Sep 2014.

Rajanukunte : Rajanukunte is a suburb which is located in the northern extremes of the Bangalore city and it is sited 27 kms away from heart of Bangalore and 11 kms from Yelahanka Junction. In this area most of the residential developments are structured. With the accessibility of Bangalore International Airport, ITIR Park and Yelahanka junction; Rajanukunte commands a high price trend due to its connectivity. As per today’s limitations, in forthcoming days it will surely develop from the infrastructure side as well. The location supplies a residential property ranging Rs 30 Lakh to Rs 80 Lakhs. In April to June 2014 quarter, the residential plot per Sq-Yard was at Rs 12,197 and it is appreciated to Rs 12,832 in July to Sep 2014.
 
Hoskote : Hoskote is a neighborhood locality of east Bangalore which is located at a distance of 27 kms from the heart of Bangalore and 15 kms from Whitefield. Easy access to Bangalore International Airport and connectivity to Whitefield turned this area as a preferred residential locality in Bangalore. This is surrounded with Whitefield, kadugodi, Chandapura and many other prime localities. This locality is witnessing a rise in residential demand now days. In future we can notice Hoskote as a most preferred residential locality with all the equipped facilities. In April to June 2014 quarter, the residential plot per Sq-Yard was at Rs 10,738 and it appreciated to Rs 11,191 in July to Sep 2014.