Utmost demand for Bellandur properties on this Diwali

Bangalore : With upgrading lifestyle and infrastructure development, the Bangalore real estate market is uplifting and the demand towards its residential property is climb in prime locations and IT core areas. Have you invested in a property in Bellandur core area? Then it’s a time to cheer up. As per the survey, Bellandur reported; the maximum rise in this auspicious occasion Diwali time, at seven percent in comparison to last quarter where Bellandur saw a drop of two percent. Many property buyers feel that Diwali is the most propitious time to invest, this sentiment and the demand for housing has pushed the property values in this place. Why is there a maximum rise in this locality?

Strategically located: Easy access to work place, proximity to prime locations and blend of all necessities had made this area as a self sufficient locality. The prime reason for maximum rise of property price is increasing demand of housing in this place. Bellandur is strategically located in South-East Bangalore en route to numerous IT parks. This area is the central point for the IT hubs in the South and East and it is the popular destination surrounded by the IT segment. Whitefield and ITPL in the East Bangalore are about 12-15 kms away from this place through ORR and Electronic city in South Bangalore is about 15-18 kms away via Hosur Road and Outer Ring Road.

Asset location like Bellandur enclosed many IT/Multinational companies such as Intel, SAP Labs, Accenture, Cisco, IBM, Wipro, AOL, AT&T, Robert Bosch and many others tech parks.

Stood as a preferable choice: The IT professionals working around this area will prefer this locality as a better option for property investment as it stay close to their work places.  The area commands a price trend of Rs 40-60 Lakhs for mid level segment and Rs 70 Lakh to Rs 1 crore (above) for high level segment. Moreover, the locality has good connectivity to central business district areas through bus.

Competitive pricing: One of the premium localities of Bangalore, Koramangala is just 6 kms away from Bellandur and it requires 20 minutes drive to reach. The demand for commercial and residential housing is spills over in Bellandur compared to other localities like Koramangala, Marathalli and Indira nagar. While the residential property in Bellandur is offered at a cost of 5000-9000 per sq ft, in Koramangala the property values around Rs 6000 to 10000 per sq ft or more.

Good connectivity and development of social infrastructure: The locality has good connectivity to CBD areas and prime locations like Whitefield, ITPL, HSR Layout, Sarjapur, Marathalli, Koramangala and Indira nagar through bus. Additionally, the area is well equipped with all the facilities such as Malls, Educational institutions, Hospitals, IT Parks, Super markets, multiplex, Banks, ATM’s and kirana stores. The flyover at Bellandur junction has improved the connectivity towards south and east by reducing the travelling time.

Availability of natural water source: Bellandur is one virtue location where there is an availability of natural water source, Bellandur lake spread across 950 acre is one of the biggest lakes in Bangalore. Over a period of time, the lake lost its glory and is subjected to pollution and sewage issues.  The lake water is used for agricultural purposes and other leisure activities. Gowda says “Buying residential property near the lake is an aspiration for Bangaloreans, properties closest to ORR fetches higher property value compared to other areas”.

“BDA had announced a plan for refreshing of Bellandur Lake; they have prepared the detailed report and ready to call for tenders” Honnaiah assistant executive engineer, the Lake Development authority added.

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