3x YOUR MONEY in Bangalore's IT Hub - The Hottest Residential Goldmine!
17-May-2024 39 views

During real estate purchases, buyers often find more options for high-budget homes than for moderate-budget homes. Developers face challenges in creating moderately priced homes due to high development costs, making it difficult for buyers to find homes within their budget. To assist buyers, the PropEquity channel provides complete and accurate information about available locations within budget options. Today, we focus on a promising market in Bangalore: Sarjapur Road.

Sarjapur Road, in southeastern Bangalore, connects the city via Outer Ring Road (ORR) and Hosur Road. Its proximity to employment hubs in ORR, Whitefield, Bellandur, Koramangala, and Electronic City has driven rapid commercial and residential growth. This area gained prominence when Wipro set up its headquarters here, followed by the establishment of The Hub in 2010 and a large Wipro campus in 2018. Other significant developments include the Vaishnavi Tech Park in 2019 and upcoming projects like the Infosys campus.

Infrastructure development is set to boost the area further. The Blue Line Phase 2A, expected to be ready in June 2026, will connect Central Silk Board to KR Puram. The Peripheral Ring Road (PRR), a 74 km long project to be completed by 2027, will link Sarjapur Road with ORR, easing traffic congestion.

Sarjapur Road is a preferred residential area due to its excellent schools, including the International School of Bangalore, Oakridge International School, DPS, Orchid International School, and Ryan International School. The area also boasts top healthcare facilities like Manipal Hospital and Belenus Champion Hospital, and numerous retail options, such as Total Mall.

From 2014 to 2019, Sarjapur Road saw the supply of 547 units. Between 2019 and 2023, this number surged to 7,204 units, a twelvefold increase. The inventory overhang is only nine months, indicating a healthy balance of supply and demand. Price appreciation has been remarkable, with prices doubling from ₹5,046 per sq.ft. in 2021 to ₹11,165 per sq.ft. in 2024, reflecting a 163% increase over five years.

For buyers seeking 3-bedroom homes, there are 21 projects available, priced between ₹1.75 crore and ₹2.70 crore. Notable recommendations include:

  1. Retreat 2 by Godrej Properties: Unit size 1,489 sq.ft., priced at ₹11,665 per sq.ft., ready by May 2026.
  2. Wild Woods Phase 2 by JRC Developers: Unit sizes 1,850-2,400 sq.ft., priced at ₹10,800 per sq.ft., ready by August 2025.
  3. East Park Residences by Ramsons Trendsquares: Unit sizes 1,675-2,217 sq.ft., priced at ₹12,000 per sq.ft., ready by March 2028.

Sarjapur Road offers excellent connectivity and is among Bangalore's top three micro-markets in terms of supply and absorption, benefiting those working in nearby employment hubs.For more information on properties in Sarjapur Road or other localities you can write to us on propequity.in

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