Marathahalli shines as a real estate hub
Marathahalli, the pride of east Bangalore, is now hailed as one of the growing localities of the city, which has gained prominence both among the developers and property buyers. Positioning of the area as the 13th best place to dwell among 20 localities in the city, bear witness to the growth of the vicinity.
The X factor in Marathahalli
Previously counted as a backward area, Marathahalli is totted up as one of the lucrative areas for developers with promising returns. Due to the upcoming residential units in the region and tacking on of the IT zone, the locality has been eyed as one of the potential areas for real estate investment.
Furthermore, few adjoining areas like Ashwant Nagar, Brookefield and Whitefield define the importance of the locality in terms to accessibility. The demand for residential projects in the region is mainly driven by IT professionals in the city.
What Marathahalli offers?
Connectivity is the crux of the locality and is at a distance of 5km from the Tech Park and offices such as Wipro, JP morgan etc. Marathahalli further boasts of its excellent connectivity via the Ring Road which is a kilometre away from the locality, thus accessing other neighborhoods of the city becomes trouble-free.
Proximity to Whitefield, Belampur-Faizpur Road and ITPL stands out as one of the prime reasons for IT professionals renting in this locality. The International Airport is 28 kms from the vicinity and the closest railway station is K R Puram, stationed at a distance of 10 kms. The Marathahalli-Brookefield-Whitefield stretch further enhances the name of the locality extensively.
The definition of public transport in the area
Ease of public transport in the region is facilitated by BMTC bus service. BMTC buses, passing through the locality help commuters reach prime locations of Bangalore without any effort from Marathahalli Bus stop. The Marathahalli bridge stop road, helps commuters reach Majestic Bus stand(the bus depot of Bangalore) via bus no. 333. The Byappanahalli metro station is 12 km from the locality.
Why developers can rely on social infrastructure?
Growth of social infrastructure has what lured developers to the locality. In regard to the above statement, the Marathalli flyover which is fully operational, offers excellent access and connectivity from the locality to key locations of the city. The area is swamped with a number of supermarkets, shopping malls and numerous shops which further gives bonus marks to Marathahalli.
Some of the renowned schools in the region include Sri Chaitanya Techno School, HAL Gnanajyoti School and Ravindra Bharathi School. Sankara Eye Hospital, Genesis Hospital, Deepa Nursing Home are the key medical institutions in the region which worth a special mention .
Price trends and real estate go hand-in-hand
The real estate market of the region has its share of ups-and-downs. At present, a multi-storey apartment in the locality can be availed at Rs 3900- Rs 4100 per sq ft. Market statistics confirm that for builder floor apartments the prices have shot up to 4%. The price per sq ft for a builder floor apartment in the neighborhood ranges between Rs 3000- Rs 3600 per sq ft.
The rental value in the region have zoomed to 20% and is likely to rise further, according to market experts. Homebuyers in the region are generally offered 2-3 BHK apartments which are equipped with community clubs, parking, swimming pool, 24×7 power back-up, gyms etc. Some of the ongoing projects in the region include Legacy Estilo, Skylark Ithaca, HM Indigo etc.
Proximity to IT hubs has what triggered the real estate growth of the locality. The IT/ITes sector has been the prime economic driver in this locality and will continue to lure home buyers in the region in future.
