Sarjapur Road Analysis: A CommonFloor Report
The pride of south-east Bangalore, Sarjapur Road is tagged as one of the fastest developing neighborhoods of the city. It is a major hit among the working population since it offers easy connectivity to major IT clusters such as Whitefield, Marathahalli and Electronic City.
Although east and south Bangalore are heading towards saturation, there is still one area left which has borne witness to significant real estate action-Sarjapur Road.Once a farmland, the locality now is brimmed with IT skyscrapers. As per the proponents of the Bangalore real estate market, Sarjapur Road is the hot spot for future growth in the city. The above map gives a brief idea about the location of the locality and its accessibility.
“As part of ‘Real Insights’ into real estate, CommonFloor.com has come up with a detailed report on Sarjapur Road real estate market – one of the key micro-markets in Bangalore – with in-depth analysis based on CommonFloor data.
For detailed report“
Growth factors in the past
The strategic location of the locality, offering easy connectivity to IT/ITes locations such as Whitefield, Electronic City, Outer Ring Road, Marathahalli and other areas such as Silk Board and Koramangala etc marked the success of Sarjapur. In addition to it, easy connectivity to Devanahalli International Airport via the Outer Ring Road had done the trick for the area in the past, in regard to accessibility.
Growth and development in the region kicked-off at a much later stage. On account of its proximity to Outer Ring Road, Madiwala, Whitefield and Marathahalli-Sarjapur stretch, the term ‘ development’ has become the most common word for the area. IT major, Infosys has racked up an area of 202 acres of land in Sarjapur Road to cobble up an IT SEZ. Given the market analysis, Sarjapur Road is flooded with upwardly IT/ITes employees. Being adjacent to employee catchment areas and the easy availability of under construction/ready-to-occupy Grade A office spaces has done the trick for the area, making it one of the preferred destinations.
Residential Market
As per CommonFloor data, the economic class that falls in the price range Rs 40 lakh- Rs 70 lakh tops list, followed by luxury and affordable class.While the luxury (Rs 70 lakh-Rs 120 lakh) and ultra-luxury segment (Above Rs 120 lakh) stood at 31.2% and 14.9%, the affordable class, which is below Rs 40 lakh stood at 19%.The reason for hike in demand for the economy class is because of the presence of a large number of salaried professionals in the region, who prefer ‘value for money’ investment.
Connectivity and Future Growth
Riding on the back of proximity to IT clusters near ORR, Madiwala and Whitefield, Sarjapur has emerged as the ideal property investment destination for both end-users and investors alike. Bagalur Road, Alasanadam Road and Berakai Road define the connectivity of the region. The locality is also in close proximity to Krishna Giri Road.
According to the key developers in the area, the announcement of a new project by the IT giants (such as Infosys) has triggered activity in the real estate market of Sarjapur Road, anticipating promising residential demand. Land prices climbed up from Rs 75 lakh- Rs 2 crore per acre. By choice, Sarjapur has transfixed its position as the emerging residential destination and is expected to have a long-term implication due its potential as investment hotspot.
The Varthur-Sarjapur stretch has witnessed the rise of the culture of villas and has displayed the potential for capital appreciation. The presence of a good number of upwardly mobile It/ITes professionals and proximity to employee catchment regions rank Sarjapur in the .top slot and makes it one of the most promising locations of Bangalore in the days to come.
