Bangalore East: Home to signature lifestyle
East Bangalore has managed to pull itself off into a matured residential market with time. Prominent IT parks, well-disposed demographics, reasonable rate of plots and towering employment opportunities are the key aspects which has given the real estate investments in East Bangalore a significant facelift.
East Bangalore lives up to the growth of the city as a whole and has been earmarked as one of the hottest real estate destinations with several upcoming residential and commercial projects to look forward to. Areas in east Bangalore like KR Puram, Old Madras Road, Whitefield and Budhigere are on top of the heap in terms of real estate investment, due to their proximity to city center. For value seeking buyers, East Bangalore has singled out as the ideal place for residence since the region has emerged into a micro-market with a wide across retail and residential developments.
Role of Connectivity
Easy connectivity to prime locations of the city has what ranked East Bangalore several notches up among other regions of the city. NH4, proximity of this sub-market to core areas of Bangalore, residential catchments and IT workforce via the ORR stands out as some of the primary reasons which aids the signature lifestyle in the region.
With the IT corridor, between Whitefield in the east and Electronic city in the south, pulling its strings the ORR-Sarjapur Road stretch has eventually emerged as the prominent IT hub. Furthermore, the proposed Peripheral Ring road and extension of Metro to Whitefield (currently underway) are the two infrastructure developments that are likely give the residential landscape in east Bangalore an edge and rank it in the signature lifestyle segment.
Development and growth aspects
Being a suitable micro-market, the region absorbs not less than 8-10 million sq ft of office space. East Bangalore accounts for almost 70% of Grade A office space in the entire city. Few potential neighborhoods like HSR Layout, ORR Sarjapur and Mahadevapura have potential pockets for residential growth owing to promising social infrastructure development and their excellent connectivity to economic hubs. This has aided to enhance the lifestyle of the people of the region significantly.
Two outstanding residential projects, which are expected to redefine the landscape of East Bangalore are-
- Pashmina Waterfront, a blooming residential unit with magnetic appeal integrated with space and modern amenities.
- Pashmina Brookwoods, the verdant and premium compact housing project that suits the label of signature lifestyle
Potential for investors
According to major property consultants, around 40336 units have been launched in Bangalore in 2012, which stood to a net absorption of 33988 units. Initiative by the government in 2013, like reduced interest rate and exemption on home loans are likely to trigger the growth of realty projects in East Bangalore.
Growth and economic outlook of the city seems to be up and coming as a number of IT/ITes, automobile and engineering MNCs plan for an aggressive growth in East Bangalore. This will likely reinforce the growth rate in the residential segments in the ORR-Sarjapur belt along with the localities in Old Madras road and north Bangalore as lurking micro-markets.
