Bangalore Real Estate Market Shifted to Sarjapur Road

Bangalore Real Estate Market Shifted to Sarjapur Road

By SiliconIndia   |   Wednesday, April 30, 2014
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Bangalore : Bangalore has been the fastest - rising city of India since the past few years . It has been the main growth is responsible for insistent real estate development and the IT growth. Being the IT hub of India, Bangalore has a multi-cultural population with excellent social infrastructure, superb educational institutes and regularly upgrading physical infrastructure. Currently, the most promising residential micro-markets are Sarjapur Road. Real Estate development are growing up around Sarjapur Road, and other areas around the Sarjapur Road are witnessing a rapid growth . Bangalore's South and East area are about to saturated. But if there's one part that's still seeing large real estate action, it's Sarjapur Road. The rates of residential property at Sarjapur Road in East Bangalore have appreciated by just 6 per cent during the last five years. From Rs 3580 per sq ft in the first quarter of 2008, the property rates here have increased to Rs 3830 per sq ft in December 2012. The year 2011-12 saw a depreciation of 6 per cent in the prices of residential space when the average rates fell from Rs 4390 per sq ft to Rs 4110 per sq ft. The prevailing property rates in the area are around Rs 4000 per sq ft. In most of the cases, the Real Estate units are made affordable by reduced unit sizes, compromising on amenities and other USPs which were naturally provided as differentiators to the challenging projects in the Sarjapur Road . inexpensive housing has seen stable demand on the outskirts of Bangalore, in all directions. Availability of large land parcels at lower price points has optimistic of these developments.Sarjapur Road is one of the most promising markets for villa projects in bangalore. Villa and row house developments, High-end residential property are most active with in Sarjapur are very sensitive in terms of amenities, product quality and unit sizes.
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