Bangalore south witnessed the sudden popularity in the IT sector. That has made a niche for itself for being opted for the commercial and office hub needs, and has been endlessly drawing attention of the occupiers.
Due to the Outer Ring Road (ORR) connectivity, Hosur Road Expressway, forthcoming Metro link plus planned expansion of key arterial tracks in the region, the southern part has extended more towards the nearby localities. All this has promised benefits for setups, availability of land, along-with the closeness to the residential localities.
Thus turning the crowd towards residential market.
Out of all the prime locations of South Bangalore, Bannerghatta has seen a growth in demand. It is witnessing an increase in the residential and commercial demand because of the arrival of IT companies, and many real estate developers putting money in the area. Some of the reasons behind this growth are
1. Prime IT hub
Some of the prime IT companies functioning in the area are National Instruments, Infosys, IBM, Oracle, CISCO etc. These has fuelled the demand among people who want to work near their homes.
2. Multiple project options
The area offers various options from apartments, independent villas, and residential land. They all are priced to meet the pocket range of all mid income and upper income group of property seekers.
These reasons are enough to bring a surge in demand of this area.
According to Insite, a quarterly report by 99 acres.com, the area has shown a constant appreciation of 7% in the capital value. This increase in demand and property growth, a number of developers have been launching their new projects here. Some of them are
1. Pride Group
The most well renowned builder group of Bangalore, Pride Group of companies has come up with their new project in the prime location of Bannerghatta road. Branded as Pride Rolling Hills, they are offering residential lands of 1200 to 1500 sq. ft. area in the price range of Rs 12 to Rs 15 Lac. Amenities they are offering such as paved compound, kids play area, open space and swimming pool etc. are at par with the latest realty standards followed globally. The modern services added with a large space to design the house of one’s dreams, all under a very low budget are the main driver of growth in sales of this unit.
2. Apna Sapna
Another eminent renowned developer brand of Bangalore, Apna Sapna, has also recently announced their new project Apna Sapna Pride Valley View. Based in the heart of the city in the strategic location of Bannerghatta road, they are offering residential lands. The land area that is spread across 1200 sq. ft. area is priced at Rs. 22.2 Lac. Amenities offered in this project include open space, play area, and paved compound among many others. These are developed to give maximum comfort to the occupants.
Bannerghatta has proved to be the best location to make a property investment. Now would be a great time to buy a plot here, considering the low property prices.
Tripti writes on the behalf of 99 acres.com. Her articles talk about new developments in the real estate industry. She is an avid fiction reader, craftsman and a keen observer. Being someone who just observes without having a point of view, she keeps herself updated in real time.