Bengaluru’s Sarjapur Road is a rapidly developing corridor and has become one of the hottest locations for investment in the city. Its strategic placement amidst two technology parks is a key factor for its growing popularity. It is also flanked by two other vital micro-markets of the city namely Electronic City and Whitefield. The region has gained significance for both commercial as well as residential development.
Nestled on the south-eastern part of Bengaluru, Sarjapur Road has come up with some impressive luxury as well as affordable housing units, launched by leading players of the industry. The locality has noticed a high capital appreciation in recent years. Experts say that the growth scenario is expected to continue in future.
Following are the major growth drivers for this promising locality of India’s Silicon Valley.
E-commerce and IT boom as the key growth drivers
The thriving economy of Bengaluru is the major factor influencing demand for upcoming properties at Sarjapur Road, particularly, with focus on upcoming e-commerce and IT companies. IT giant, Infosys, owns a special economic zone or SEZ sprawling 202 acres in this locality. Another IT major, Wipro has established a large campus along the route with capacity of 2,800 employees.
Infrastructure and connectivity
Outer Ring Road (ORR) is the lifeline for this location as it links important localities to Sarjapur Road. Besides, the stretch houses prestigious IT organisations.
Sarjapur Road is known for housing the best educational institutions namely The International School, Greenwood High International School, Indus International School and St. Patricks Academy. There are finest healthcare centres such as Apollo Clinic, Mohan clinic, Suwarnamukhi Hospital and Home Nursing Service. Railway stations like Bengaluru City Junction, Carmelaram Railway Station and Belandur Railway Station is well linked with the area. There are prestigious hotels viz. Hilton, Novotis, Park Resort, Ivy, Ibis, Octave and Orchard Suites.
Present real estate market
Inventory for ready to move flats in Sarjapur Road is the highest with 222 units available for possession. There are also a huge number of under construction properties in Sarjapur Road. Few new launches are in the pipeline. One of the major project is Godrej 24 which is a hot trending project coming up on Sarjapur Road Bangalore.
Sarjapur Road has the maximum share of supply in the mid-income housing budget category, which is Rs 40–60 Lakh. Most of the projects are under construction with a small percentage of ready to move and a negligible share of new launches. New launches overall have dropped in Bangalore due to the snowballing unsold inventory in the city. “The most preferential configuration in the locality are 2 BHK units, followed by 3 BHK.1 BHK units are the least preferred and have share a meek share in the overall supply,” says Nasir Shariff.
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