With saturation hitting established office markets like Whitefield and Outer Ring Road, Sarjapur Road is on the radar of IT companies looking to set up shop.
This has led to the development of a large residential catchment around the area catering to IT professionals seeking affordable residential options. This major initiative would enhance connectivity from north to south Bengaluru and also lessen traffic woes around Sarjapur Road. While Whitefield is an established corporate and residential hub in East Bengaluru, Varthur and Budigere are upcoming areas catching the fancy of many investors.
This part of Bengaluru is ideal for investment in residential projects ranging in the Rs lakh bracket. Infrastructure initiatives: The buzz around properties in Whitefield has grown as it falls on the route of the upcoming Purple Line of Phase 2 of Namma Metro. South Western Railways has also started a train service from Majestic to Whitefield in the morning to ease traffic woes.
The location has traditionally been an industrial area dominated by industrial and warehousing activity. It offers attractive options to end users as well as investors seeking affordable housing. Land values are relatively lower in this part of the city making it an attractive entry-point for long-term investors.
Infrastructure initiatives: The construction of the Peripheral Ring Road PRR will lead to improved connectivity and reduced travel time to important parts of the city. The commute time from Tumkur Road to the airport is also expected to come down once the PRR becomes operational. BTM Layout is located in close proximity to prominent locations such as Koramangala, Bannerghatta Road, and HSR Layout and boasts of sound infrastructure and multiple residential options.
The area enjoys good connectivity via the Bannerghatta Main Road, Outer Ring Road, and Hosur Road and offers several affordable and mid-range residential options.
Apart from a good return on capital investment, the area also promises high rental values due to its locational advantage. Infrastructure initiatives: The presence of metro stations such as Rashtreeya Vidyalaya Road, Jayanagar, and Banashankari has boosted the connectivity of BTM Layout to the rest of the city. Investors should carry out due diligence and check specifically for water supply and sustainability options before parking their funds in any project.
Proximity to the metro service and infrastructure initiatives such as roads and flyovers are important factors to consider before zeroing in on an investment. Also, remember that developers with a large inventory may be willing to negotiate and lower property prices.
On the other hand, developers with big projects may not agree to bring down the rates of their projects. Your City. Purnima Goswami Sharma Apr PTI Mar Life in Amruthahalli: Well-connected and pollution-free but traffic snarls on the rise.
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