Increase in demand for homes in Bangalore due to IT cluster - Property In Bangalore

An upcoming location in Bangalore is Varthur which is said to be well-connected to the city through Old Airport Road along with the periphery region through Outer Ring Road. Varthur is becoming an ideal destination for IT/ITES professionals due to the easy access to the location through Whitefield, Panathur, Sarjapur and Marathahalli.

There are numerous factors that are in favor of this region. The experts believe that the region will perform pretty well once it gets upgraded. Also, there are various expansions that are taking place on the Varthur-Gunjur belt, this is mainly due to the close proximity to Sarjapur Road and Whitefield. The Sarjapur-Marathahalli stretch of the Outer Ring Road is doing pretty well whereas Whitefield is a well-developed market. The region has picked up really fast as it is close to both Whitefield and Sarjapur Road.

The area has some well reputed schools that are functional in this belt. This is one of the key factors that are attracting the buyers to look and buy residential property here as this is either close to their children’s schools or either their workplace. Also, there are numerous residential choices that are located in and around the Varthur-Gunjur Road. The area has well-constructed social infrastructure with presence of various retail formats, international schools and healthcare amenities. Thus, the area is witnessing many residential transactions of late. There is an increase in the population due to the increased commercial and industrial activity. This definitely offers improved feasibility for the residential developments in the coming years.

The areas around the Varthur-Gunjur belt and Kadugodi are definitely emerging as a new housing areas in the Whitefield region. These are well-connected to Whitefield and ITPL main road along with the various parts of the city through National Highway 4. Varthur is famous for its extensive villas developments.

The villa projects in the region are located on an average area of 2,500 square feet to 5,500 square feet and these villas are priced from 9,000-11,000 per square feet. On an average, 5,000 housing units are under-construction in this area and most of the forthcoming supply is in the mid-segment group.

There is a lot of competition in the region when it comes to the villa projects which definitely makes it more preferable. Varthur has around 3,200 units of housing stock presently in the region. However, the major focus in on the premium segment in Whitefield main road, and the affordable residential category in located more towards this region. Definitely looking at all the infrastructural developments, the city has a lot of potential to command and grow in the future. Amongst all the Property in Bangalore, Varthur is one of the fastest developing region with great investment returns in the future. Buyers who are willing to buy residential and commercial property in the region should not waste any more time and instead should invest in property in Varthur and nearby regions.