A Boost to The Real Estate in East Bangalore

With the up-gradation of the Whitefield main road that leads to the Bangalore’s International Tech Park was said to be the turning point for the east Bangalore. The region is well-connected to the Old Airport Road and Varthur Road on one side and the Whitefield main road from the other side, the Old Madras Road from KR Puram and the Outer Ring Road at Marathahalli form another side. There are numerous international corporates that are settling down in ITPB and EPIP, other areas in and around Whitefield, Marathahalli, Varthur and other places. Places like Kadugodi and Hope Farm Junction have turned into a housing catchment with potential for good appreciation.

The infrastructural development will definitely ease the connectivity of the locations in property in Bangalore.  The extension of the metro rail from MG Road-Baiyappanahalli line to Whitefield will reduce the traffic as there is high density of population that commutes to this area for work. On the other hand, there will be a new metro line that will run between Marathahalli and Hosakerehalli in phase 3. There will also be 3 interchanges on this metro line which will connect to the Nagavara-Gottigere line, Kogilu Road-Carmelaram line and the BIEC-Anjanapura line. There are however, preliminary studies on the stations on the extensions and the route to Whitefield and the construction is all set to begin pretty soon.

Also, the up-gradation of the National Highway 4 to KR Puram on one side and to Kadugodi on the other, there has been a lot of residential developments up to Hoskote. The proximity to Whitefield and availability of land at comparatively cheaper and affordable prices has spurred the property in Bangalore and especially the residential property market in this region. Numerous integrated development projects are also coming up in this region. There is a mix of retail and residential projects that are coming into this region.

The Marathahalli-Sarjapur Road belt of the Outer Ring Road has the maximum number of IT/ITES companies. Many start-ups and corporates chooses this particular belt due to the continuous and smooth travel up to K R Puram on one side and Central Silk Board on the other. The Bangalore Development Authority will definitely put up two more flyovers here. An underpass and flyover at the Hebbal-Outer Ring Road junction will help the commuters travelling towards Nagavara. Also, there is another flyover that will be at the Doddanekundi-Outer Ring Road junction. These are planned to be finished in around two years, allowing continuous travel on the Outer Ring Road.

Definitely all these infrastructural developments will increase the Demand of Property in Bangalore and all the major regions that are mentioned and soon there will be boom on the real estate sector.

Real Estate on a go in Bangalore

The closeness of Whitefield to the IT hub, affordability of residential options are bringing back the real estate market back on track in the region and the focus is turning towards the Hoskote Road belt.

Whitefield has emerged as a self-sustaining township and has an impact on the locations along roads that connects the IT node to the east. Amongst many locations, one such location is Hoskote located on the outer limits of Bangalore.

Old Madras Road has observed significant development. The upgraded highway has reduced the travel time between Hoskote and Whitefield. This has directly advantaged the large land areas available at relatively affordable prices. All this has led to the increase in residential developments on the areas that connects these two locations.

The location is said to be located around 28 kms from the city’s centre. With an industrial park by the Karnataka Industrial Areas Development Board, the area has an upper hand than other places in the city. Amongst all the other properties in Bangalore, this area has an industrial zone here and there are many industries that are expected to come up on the main road.This area has opened up the demand from corporate employees since it is easily accessible from Whitefield and Marathahalli.

This area basically catered the 2-3 bedroom configurations in the residential apartments. Property in Bangalore is focusing more on residential apartments as the demand of the same is increasing. Along with the coming up of companies and organizations, the demand by professionals is also increasing rapidly.

Demand for commercials is also increasing rapidly with IT companies coming up in Whitefield, also, industrial airport and the hardware aerospace park are also coming up. This area has also observed industrial investment from Japanese firms. Thus, Making Property in Bangalore an apt option for residents and professionals.

Affordable housing developments are picking up pace in the region as people are more inclined towards these projects by reputed and renowned residential developer. The area is emerging as a major residential hub. There are many affordable as well as luxurious apartments that are coming up in the city depending upon the demand of the buyers.

Youngsters are showing a lot of interest in buying property in these areas as they are offering them urban infrastructure with all the world-class amenities to lead a luxurious lifestyle. These projects are giving the biggest advantage of affordability and easy accessibility to other localities in the region.

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