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North Bangalore turns into residential hotspot

Last updated on: February 25, 2013 13:57 IST

North Bangalore turns into residential hotspot

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Karun Varma

In Bangalore, the best performing areas in 2012 were Hebbal, Sahakar Nagar and R T Nagar in north Bangalore. These locations saw the highest demand and appreciation during the year.

The improved infrastructure in this region, its proximity to Bangalore International Airport Limited (BIAL) and overall enhanced connectivity helped north Bangalore crystallise into a much-sought residential destination.

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The writer is MD - Bangalore & Kochi, Jones Lang LaSalle India.

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Photographs: Courtesy, Sobha Developers.
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Because of the infrastructure initiatives in various stages of construction and planning there (the proposed high-speed rail link, the Hebbal-Yelahanka expressway, the elevated expressway to BIAL and the advent of the monorail) north Bangalore was one of the safest and most lucrative residential property investment bets of 2012.

In 2013, north Bangalore will continue to grow, thanks to its massive potential for capital appreciation.

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Photographs: Courtesy, Puravankara projects.
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On Outer Ring Road, projects under construction on Sarjapur Road will reach completion and see incremental sales because of the preference for ready-to-occupy projects by users.

This area's proximity to the information technology (IT) growth corridor will be a contributing factor. The area will thrive on the back of increasing IT investments and the aerospace SEZ being planned by the government over three-five years.

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Photographs: Courtesy, Brigade group.
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Whitefield will continue to yield considerable residential sales, thanks to its affordable prices, proximity to important workplace centres and the enhanced retail and social infrastructure in this location.

It has become a major hub for the IT industry: The Export Promotion Industrial Park, and the International Tech Park, Bangalore, which houses offices of many IT and ITES companies.

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Image: International Tech Park, Bangalore.

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One of the most promising destinations for residential property investment in Bangalore is Varthur. It is a suburb in the eastern periphery of the city and part of the Whitefield township.

This area benefits immensely from its proximity to Whitefield and its accessibility from Sarjapur Road - Outer Ring Road (ORR). It is rapidly establishing itself as a residential hub, with villa projects.

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Developers hold large land parcels there. Varthur is receiving the spillover residential property demand from Whitefield and ORR, and development is perceptibly shifting off the main roads to Varthur village.

Apart from its proximity to the two prominent IT destinations of Bangalore, the widening of the road infrastructure will ensure quicker connectivity to Sarjapur Road – Outer Ring Road and Whitefield.



Photographs: Courtesy, Alpine Housing.
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