The Magicbricks Propindex report of the quarter- April, May and June 2021 revealed that demand for residential properties was concentrated in well-connected localities and stretches. Whitefield- the major IT hub of Bengaluru, Sarjapur Road- known for its proximity to prime IT clusters and excellent connectivity, and Bellary Road- located in close proximity to IT hubs in North Bengaluru and enjoying easy accessibility to the Kempegowda International Airport are the top 3 localities that saw a demand for residential properties during April, May and June quarter of 2021.
Proximity to IT hubs and good connectivity are the major factors contributing to the real estate demand in these localities but what else do they offer in terms of social and retail infrastructure, transport facilities and availability of properties?
Whitefield is a prominent IT hub in Bengaluru, situated on the eastern periphery of the city. Brookefield, Kadugodi, Hoodi, Varthur and Doddanekundi are some of the prominent localities situated in close proximity to Whitefield. ITPL and IT companies in Marathahalli, Mahadevapura, Bellandur & along the ORR are the major employment centres nearby.
Whitefield road via Mahadevapura, Varthur road via Marathahalli and SH-35 provide good connectivity to the locality. Whitefield bus stand has a good frequency of BMTC buses from various parts of the city. Train connectivity to Whitefield is via the Whitefield Railway Station. Phase 2 expansion of the metro from Byappanahalli to Whitefield will cover 13 stations in between. This metro connectivity is expected to be completed by 2023. Once completed, this metro connectivity coming under the purple line will connect Whitefield in the east to Kengeri in the west.
Royal Public school, Cambridge Public School, Gopalan College of Engineering and Management and MVJ College of Engineering are some of the premium educational institutions, situated nearby. Sri Sathya Sai Institute of Higher Medical Sciences, Vydehi Institute of Medical Sciences and Research Centre, Columbia Asia and Narayana Multispeciality are some of the best healthcare centres in the vicinity. The Forum Neighborhood mall, Phoenix Market City, Park Square, Inorbit and Forum Shantiniketan are your shopping and recreational options.
The real estate arena of Whitefield is end-user driven and dominated by IT professionals. The average price of a 1 BHK property in Whitefield is anywhere between Rs 25,00,000 to Rs 45,00,000. A 2BHK will cost you anywhere between Rs 30,00,000 to Rs 1,40,00,000. A 3BHK will cost you Rs 50,20,000 to Rs 2,25,00,000 and a 4 BHK property will cost you Rs 1,10,00,000 to Rs 6,50,00,000. Water shortage during summers and traffic snarl during peak hours at certain pockets are some of the civic issues faced by the residents of Whitefield.
- Sarjapur Road
Sarjapur Road in Bengaluru East is known for the presence of IT companies and proximity to major IT hubs in the city. Koramangala, HSR Layout and BTM Layout are the three prominent residential localities situated close to Sarjapur Road. IT companies and tech parks in Marathahalli, Whitefield, Electronic City, Mahadevapura and Bellandur are the nearby employment centres.
ORR, Hosur Road and SH-35 are some of the stretches that provide connectivity. Carmelaram Railway Station is the nearest and the Kempegowda International Airport is around 47 kms away. The ORR Metro Line that will connect Silk Board and KR Puram, comes under Phase 2A of Namma Metro expansion. This line will have a metro station in Iblur and will touch upon many localities in Sarjapur Road. The metro expansion is expected to be completed by 2023.
St. Peter’s School, Krupanidhi College of Pharmacy, National Institute of Fashion Technology and St. John’s Medical College are a few major educational institutions in the vicinity. Columbia Asia, Vemana, Cloudnine and Sakra World hospitals are the nearby healthcare centres. And the Market Square is the nearest shopping mall.
The real estate market of Sarjapur Road is dominated by IT professionals. The average price range of a 1 BHK property in Sarjapur Road is anywhere between Rs 25,00,000 to Rs 52,00,000. A 2 BHK is Rs 33,00,000 to Rs 1,00,00,000. A 3 BHK is Rs 40,00,000 to Rs 2,20,00,000 and a 4 BHK is Rs 1,20,00,000 to Rs 5,30,00,000. Traffic snarls during peak hours and bad roads at certain stretches are the major civic issue here.
- Bellary Road
Bellary Road in Bengaluru North is a prominent stretch that provides connectivity to the Kempegowda International Airport. Yelahanka, Yelahanka New Town, Hebbal, Jakkur, Bagalur and Vidyanarayanpura are the nearby localities. Embassy Business Park, Kirloskar Tech Park, Bagmane Tech Park and RMZ Infinity are just 10 to 25 kms away. The Aerospace SEZ is around 30 kms away.
Hebbal flyover, ORR and Allasandra Main Road provide easy connectivity to various parts of north Bengaluru. The Yelahanka Junction Railway Station is the nearest and around 5 kms away. The Kempegowda International Airport is around 18 kms away and the Yeshwantpur Metro Station is just 19 kms. The upcoming ORR-Airport metro line will further enhance the metro connectivity of Bellary Road.
Canadian International, Ryan International, Vidya Vikas International and the Wisdom Montfort International schools are within a 10 km radius. Bangalore Baptist, Columbia Asia and Neha Prakash hospitals are the nearest health care centres. Yelahanka New Town Shopping Complex, Kurlappa Shopping Complex, Esteem Mall and Max Fashion are your best shopping bets.
Peripheral Ring Road is one of the upcoming infrastructure projects that will benefit Bellary Road. The Real estate market of Bellary Road is dominated by IT professionals. The average price of a 1 BHK property in Bellary Road is anywhere between Rs 21,00,000 to Rs 50,00,000. A 2 BHK property is Rs 40,00,000 to Rs 1,40,00,000. A 3 BHK property is Rs 55,00,000 to Rs 3,50,00,000 Cr and a 4 BHK property is anywhere between Rs 75,00,000 to Rs 5,00,00,000. Traffic snarl during peak hours at a few junctions is the major civic issue faced by the residents of Bellary Road.
Good connectivity and proximity to IT hubs are the two major common factors among Whitefield, Sarjapur Road and Bellary Road.