East Bangalore responding to high end residences’ demand
Over the years, east Bangalore has developed into a self-sustaining area, characterized by good social and physical infrastructure. This has triggered the demand for luxury residential developments in the region, significantly. Areas such as Electronics City, Hosur Road, Bannerghatta Road, Sarjapur Road, Haralur Road and Bellandur in the south east of Bangalore are recognized by the presence of numerous high-end apartments.
Upgraded civic infrastructure, completion of the Outer Ring Road, widening of many roads, improvement of connectivity towards Hoskote via the Old Madras Road has, over the years, turned east Bangalore into one of the most coveted residential hotspots of the city.
High end homes-connectivity and growth triggers
Traditionally, the Old Airport Road and Old Madras Road in the east defined connectivity in the region, however, with the completion of the ORR (in 2002) reaching Whitefield became much easier. With the completion of the Metrorail extension of the M G Road-Byappanahalli line to Whitefield, connectivity and residential development in the region will get a further boost.
The north east quadrant of the city is an emerging real estate destination for high-end projects, while the south east already includes luxury apartments, servicing the numerous tech parks in the nearby areas. The area is still evolving towards Sarjapura and Hosur Road with numerous developing belts like Anekal, Attibele, Chandapura etc.
Localities in question
Domlur, Indiranagar and Yemlur are considered as the most preferred high-end locations, due to their close proximity to the Central Business Districts. In addition to it, proximity to the EPIP zone (that includes the BFSI and IT/ITes sectors) makes Varthur road, ITPL main road and Brookfields as the favorable areas for high-end projects.
Along with Yemlur, Whitefield, Marathahalli and Bellandur have cropped up as the potential high-end areas in the east. High-end homes in the area range between Rs 7500-Rs 8500 per sq ft, while in Indiranagar a luxurious enclave would somewhat value in between Rs 10000- Rs 15000 per sq ft, because of limited supply. Proximity to CBD, developer’s brand and amenities offered in the project also play a key role in determining the price range for high-end units.
