Housing options in Bangalore suburbs finding more demand
Nov 08, 2013
Source : The Times of India


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.

Latest Realty News

Sobha Developers Q2 profit up 26%
Nov 08, 2013
BANGALORE:Sobha Developers Ltd’s profits are higher by 26.16 per cent at Rs 51.6 crore on a standalone basis for the second quarter of the financial year 2013-14 compared with the corresponding period last year (Rs 40.9 crore).
REITs will push realty sector
Nov 01, 2013
BANGALORE:The Securities and Exchange Board of India (SEBI) is preparing to allow public and private sector companies to start Real Estate Investment Trust (REIT) to enable retail investors to invest in the real estate sector.
Connectivity in Bangalore brings suburbs into focus
Nov 01, 2013
BANGALORE: A ‘suburb’ is typically defined as an area of development that is exclusively residential or mixed use, which is part of the city or a separate neighbourhood which lies within commuting distance of a city. This definition can be applied to many areas in Bangalore that have witnessed rapid development over the last decade.
Bangalore is a growing investment hub
Oct 31, 2013
BANGALORE: Bangalore today is more than a geographical identity. “Back in the 90s and the early 2000s Bangalore was known as much for its climate, and defense and engineering antecedents, as it was for being a retiree’s paradise. Over the last 15 years as outsourcing and BPOs became household words, Bangalore became a brand, first to be admired, and then envied, and an investment destination for businesses and property.
Puravankara profit down 8 per cent
Oct 31, 2013
BANGALORE: Real estate firm Puravankara Projects Ltd has posted a profit of Rs 46 crore for the second quarter of 2013-14, down 8.18 per cent from Rs 50.1 crore in the previous year period.
Bangalore North is an emerging hotspot
Oct 30, 2013
BANGALORE: The north has emerged right on top of the list as a preferred destination in Bangalore from the time the airport moved here. With connectivity in focus, with grade separators that facilitate smooth travel from Sadashivanagar right up till the airport, the widening of the Hebbal flyover, and the upgradation of Bellary Road with the elevated highway, localities around are witnessing a mix of premium luxury residential developments as well as mid-segment and budget housing options. The G
Industry reaction on RBI’s monetary policy
Oct 30, 2013
BANGALORE: Pankaj Bansal, director, M3M India, As anticipated, RBI has returned to a more normal monetary policy situation by cutting the MSF and raising the repo rate. This may result in further increasing the cost of funds for any industry or end consumers. Further dampening demand and industrial production. Demand for affordable and mid-end real estate projects may be adversely impacted due to a possible hike or adjustment in home loan rates. Expensive properties may not be negatively affect
Karnataka issues ordinance to regularize illegal construction
Oct 29, 2013
BANGALORE: Expediting the process to implement the Akrama-Sakrama scheme, regularization of unauthorized constructions, the urban development department (UDD) on October 28 forwarded the draft rules it had framed to the law department for its opinion.
Bangalore Real Estate Update 2013
Oct 29, 2013
BANGALORE: Bangalore has been the fastest-growing city of India since the past few decades. IT has been the major growth driver and is responsible for aggressive real estate development in the city. Being the IT hub of India, Bangalore has a multi-cultural population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. Currently, the most promising residential micro-markets are Outer Ring Road (ORR), Sarjapur Road, Whitefield and Nor
Bangalore: From global back office to a work and live hub
Oct 28, 2013
BANGALORE: In the early 1990s, when Electronics City was in its nascent stage, there were many who thought Infosys was a bus company, as buses emblazoned with the company’s name became ubiquitous, as they ferried employees from home to work and back.

Latest Realty News Of State

Realty Talk's