Originally called Anekal Road, Bannerghatta Road is one of the fastest growing localities in Bengaluru. Commonly known as BG Road, this road is located on the State Highway 87. It originates as it branches off from Hosur Road, and concludes at Anekal town, with the stretch lasting a distance of 49 km.
Once a sleepy locality in the remote corner of Bengaluru, Bannerghatta Road has now become a hub for several software companies, renowned educational institutions, hospitals, theatres, malls, residential complexes, and apartments. Owing to these reasons among many others including infrastructural development, Bannerghatta Road has managed to attract a lot of people from different parts of the city. This in turn, has created a boom in the real estate sector.
The locality has several reputed educational institutions, including Indian Institute of Management, Bangalore (IIMB) and Rajiv Gandhi College of Nursing. It also hosts a few world-renowned hospitals like Fortis Hospital and Apollo Hospital to name a few.
Bannerghatta Road and its surrounding localities have steadily undergone remarkable development to become the core of commercial and residential space. It is surrounded by posh localities like J.P. Nagar, Jayanagar, BTM Layout, etc., which are excellent residential and commercial hotspots.
Connectivity and transit points
Bannerghatta Road connects to Hosur Road which in turn connects Bengaluru to Tamil Nadu. The area consists of many locations which are easily connected to many parts of Bengaluru like Anekal, MICO Layout, Dollars Colony, Jayanagar, Hulimavu Gate, Arekere Gate, Vijaya Bank Layout, Gottigere and other places.
The locality is connected to other major areas located nearby through specific roads. The NICE Road cuts Bannerghatta Road a little beyond Gottigere. The main junctions on this road are at Adugodi, Sri Jayadeva Institute of Cardiology, Sagar Hospital, Gurappanapalya, Dairy Circle, N. S. Palya, Bilekahalli, Bannerghatta Circle, Jigani Industrial Area and Koppa Gate.
The Bengaluru International Airport is situated about 45 km away from Bannerghatta Road and is easily reachable by BMTC buses, BIAL buses, and cabs. The city’s major railway station, Bangalore City Railway Station, is located about 27 km away. Auto rickshaws are also a popular mode of transport in this region.
The Bangalore Metropolitan Transport Corporation (BMTC) buses connect Bannerghatta Roadto all other areas in the city. Some of the bus stops in the locality are Honeywell, Hulimavu Gate, Meenakshi Temple, Kalkere, AMC College, Bannerghatta Circle and Bannerghatta National Park.
Some prominent landmarks in Bannerghatta Roadare:
Factors for Growth in the Past
Bannerghatta Road has been historically important with temples from the 12th century, like the Champakadama Swamy Temple, being located in this locality. The place has come a long way since with the emergence of well-known software companies like Accenture, Oracle, and Honeywell, creating a flourishing real estate market.
The locality has witnessed vast expansion in the past few years due to the reputation of the region and rapidly increasing demand for land. The upcoming malls and recreational centres have added value to this region, making it one of the prime localities in Bengaluru.
The widening of roads using state-of-the-art technology, the growth and development by various builders, the presence of a large number of trees have given a boost to this locality. In addition to this, there has been an increase in the presence of software companies, educational and medical facilities, which has made Bannerghatta Roada very convenient location to live in.
Residential & Commercial Markets
Bannerghatta Road has a booming realty market, both in commercial and residential sectors. The software industry in Bannerghatta Road drives the demand for the mid-income housing segment. The demand in this segment is gaining swiftly in the last few years. And with the upcoming metro project, this locality will surely be well-connected with various parts of the city.
Residential market trends
Bannerghatta Road is set to be one of the upcoming industrial areas of Bengaluru and hence is in dire need of many residential properties on rental basis. Due to the development of many software industries in this region, there has been a sharp rise in Bannerghatta Road properties. Bangalore Development Authority (BDA) wants to speed up its sales in the real estate market and has started developing 20x30 ft. and 40x30 ft. sites around this area.
In the first quarter of 2014, the sale prices for apartments in Bannerghatta Road ranged between Rs 4,300 and Rs 4,500 per sq. ft. and rental prices between Rs 14 and Rs 16 per sq. ft. The sale prices of individual houses, on the other hand, ranged between Rs 4,596 and Rs 5,905 per sq. ft. and rental prices between Rs 12 and Rs 16 per sq. ft.
Commercial market trends
The locality has seen its share of reputed multi-national companies like Dell, Avanti, Tesco, Porsche, Accenture and others setting up shop due to the convenience it offers. And this has given rise to a large number of developers who have cashed in on the realty boom. Facilities like malls, shopping and commercial complexes, restaurants and supermarkets have only increased the value of the area.
The rental prices commercial office spaces were between Rs. 40 and Rs. 45 per sq. ft as per the trends recorded in the first quarter of 2014.
The disposal of garbage on roads and pavements has been a major problem for this locality, which creates a health hazard. Some citizens have taken this issue in their own hands by cleaning up the streets themselves. BBMP will really need to look into this issue immediately.
The road-widening work has also created bottlenecks and traffic issues in this locality, although once complete, there will be smooth-flowing traffic.
Factors for growth in the future
IT parks and shopping and entertainment centres are the chief growth prospects for Bannerghatta Road. With the rise in residential and commercial properties, the locality looks set to be one of the major hot spots in the city of Bengaluru.
Phase II of the Metro from Gottigere, passing through IIMB and reaching Nagawara will reduce travel time for people commuting from Bannerghatta Road to the north of Bengaluru. Phase II will also connect Bangalore's outskirts with the centre of the city's business districts. The much awaited road widening project will ease a lot of traffic congestion as the road will be widened from 45 feet to 150 feet. These are some of the major projects that will drive the growth in this region.