Better infrastructure has revitalised residential areas in South Bengaluru and increased interest while the proximity to the airport has helped some areas in the northern part of the city gain prominence, Times of India has reported.
Areas such as Sarjapur Road, Hosur Road (towards Electronic City) and Kanakpura Road are labelled as emerging areas due to the real estate boom in the city. This has been aided by attractive property prices along with a wide range of housing options in these areas.
Hosur Road has also become attractive with an upcoming metro line in that stretch which would help improve connectivity to the Central Business District (CBD). Real estate giants like SNN Builders, Raheja Builders, Salapuria Sattva and Prestige have already made plans to establish their presence and influence in the area.
“Since Electronic City has always been a commercial area and with a lot of new developments, buyers see value for money. Commuting used to be a problem, but with the Elevated Expressway and the upcoming Metro, things will change,” Chief Managing Director (CMD) of property consultancy and brokerage firm Silverline Group, Farook Mahmood remarked regarding the property landscape around Electronic city.
A recent report by property consultant Anarock states that there many properties in the area which belong in the Rs 40 lakh segment, and also in the Rs 40-80 lakh range. The report added that most of the affordable properties are located in Electronic City Phase II.