Sarjapur the Growing Prosperity
From the past couple of years, the Bangalore property market is attracting many property seekers and home buyers so; it is not surprising to see Sarjapur Road as one of the most wanted localities in Bangalore. As we all know that, the Southern and Eastern parts of the city are slowly saturating however; Sarjapur Road is still undergoing a real estate development as developers are moving towards peripheral areas because of good connectivity to prime localities. It offers an ample amount of space for residential development.
Sarjapur Road is one of the fastest growing suburbs of South-East Bangalore with seamless connectivity to prime localities and Special Economic Zones such as ORR, Marathalli, Whitefield, Electronic city, Silk Board and Koramangala. As a focal point of IT development, Sarjapur Road hosts more than 2 Lakh professionals employed by Multinational companies. The professionals who are planning to buy an apartment near their office spaces are looking towards this locality as it is enduring a residential and commercial development and offering at affordable prices.
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“This micro market has huge potential to grab healthy returns as it is close to the IT hubs of Bangalore city. Due to the large supply of office supply there will be a rise in affluent professionals, the demand for housing is likely to uphold,” states top builders in Bangalore. The establishment of a number of educational institutions, medical institutions, health care facilities, malls, shopping centers, corporate offices makes this locality as a first choice of many IT professionals and retired personnel’s, who want to experience a happy life free from hurdles. One can find an apartment in Sarjapur Road at an estimated cost of Rs 4500 per sq ft.
The locality with all the amenity availability and commercial development around the corner has already acquired the status of a high tech city. All local and national builders are offering flats & apartments that range between affordable to mid segmented. The individuals towards investing in residential plots has a lot of offers in its vicinity, plots here are available at an estimated cost of Rs 22,100–27,200 per sq yard.
The existence of IT power houses like Cisco, Wipro, Capgemini, HP and Accenture are luring the migrated population for rental houses. The growing infrastructure is also contributing to generate high ROI. Second home buyers and retired professionals are cashing on the rental demand on Sarjapur Apartments. 2 BHK apartments which spread over 1000 sq ft area can generate rental returns between Rs 16,000 to Rs 27,000 per month. Being as an ideal end user market, the apartments/flats in Sarjapur Road are selling like hot cakes.