Bangalore Real Estate Market Shifted to Sarjapur Road
Sarjapur road is hiking the business:
It is now a well known fact that the Bangalore city have higher prospectus due to being an IT-hub and a place for people with multiple cultures. Therefore, this had provided a hike in the real-estate market as people from different places and cultures have different demand to balance their work and home; which in turn is the focal point for real estate companies to target and develop. This also continues to prefer a particular area of the city that manages to connect well, stay safe and appreciates the pricing values. And these are reasons making Sarjapur a powerhouse to shift the whole real estate industry of the city within. Why Sarjapur road: Currently, the most promising residential micro-markets are Sarjapur Road. Real Estate development is growing up around Sarjapur Road, and other areas around the Sarjapur Road are witnessing a rapid growth. Bangalore’s South and East area are about to saturated. But if there’s one part that’s still seeing large real estate action, it’s Sarjapur Road. The rates of residential property at Sarjapur Road in East Bangalore have appreciated by just 6 per cent during the last five years. From Rs 3580 per sq ft in the first quarter of 2008, the property rates here have increased to Rs 3830 per sq ft in December 2012. The year 2011-12 saw a depreciation of 6 per cent in the prices of residential space when the average rates fell from Rs 4390 per sq ft to Rs 4110 per sq ft. The prevailing property rates in the area are around Rs 4000 per sq ft. In most of the cases, the Real Estate units are made affordable by reduced unit sizes, compromising on amenities and other USPs which were naturally provided as differentiators to the challenging projects in the Sarjapur Road. Availability of large land parcels at lower price points has optimistic of these developments. Sarjapur Road is one of the most promising markets for villa projects in Bangalore. Villa and row house developments, High-end residential property are most active with in Sarjapur are very sensitive in terms of amenities, product quality and unit sizes. Projects in Sarjapur road: The most promising residential hub and itself a pioneer in the real estate industry, sarjapur road is welcoming willing companies very fast.The IT corridor is said to have a steady market of apartments booked and brought by the middle class buyers; so the desired investment happens here the most. However, deluxe and luxurious investments have a separate demand and not at all fall short in the race.