BANGALORE: The city’s focus is shifting to the peripheries too with commercial and industrial development, followed by residential spread owing to the increasing employee population, and upcoming retail and social infrastructure. With the extension of civic infrastructure to the far-flung localities and with a particular focus on road infrastructure, certain suburbs are gaining in prominence due to the good road network, social infrastructure and larger, more economical housing options as compared with options closer to the city center.
Some suburbs gaining prominence:
Some of the suburbs gaining prominence in the north are Thanisandra Road-Heggade Nagar and Hennur Road. Irshad Ahmed, President, Bangalore Realtors Association of India, says, “Along with good connectivity, proximity to the airport, presence of international schools, hospitals and other social infrastructure, government-led initiatives such as the business and hardware parks have brought these areas into focus. They also cater to the housing demand from a prominent IT park here.”
On housing options, he says, “In Hebbal, you will find housing options in the luxury segment (above Rs 6,500 up to Rs 10,000 per sqft) and midrange segment (Rs 4,000 to Rs 5,500 per sqft). Hennur Road has luxury apartments and row houses (Rs 6,500 to 7,000 per sqft range), and mid-segment options”.
Zahed Mahmood, Director, Silverline Realty Pvt Ltd, adds, “Hennur-Banaswadi with its extensions is close to older city areas with easy access to the airport. People living in older areas such as Cox Town, Cooke Town, Fraser Town, Ulsoor and Jayamahal are moving to such suburbs as they have better connectivity, cleaner environment with lesser traffic woes and congestion, offer much larger developments with a host of amenities and a better quality of life. This works well for elderly people and for expanding families who cannot afford the more expensive options in the older areas and are looking for more affordable options in the peripheral areas. Thanisandra Road falls in the same bandwidth as Hennur Road.”
In the east, Whitefield, Old Madras Road and Budigere Road are doing well due to improved connectivity and access to workplaces as well as travel to the airport. According to Irshad, “Demand-wise, 75-80 percent is for localities in the north and east.”
Zahed says, “Lower land prices have allowed developers to come up with options that have been adjusted to suit a range of budget sizes with decent floor area. The presence of IT along with social infrastructure – malls, schools, and hospitals – works in favour of Whitefield.”
In the south, Kanakapura Road, Hosur Road, Electronics City and Bannerghatta Road have witnessed steady demand. The presence of IT being the major factor, good schools, connectivity and social infrastructure are leading to residential development in these localities. Mid-segment housing options are prominent here with budget housing options emerging on the route towards Hosur.