JP Nagar: Adding value to real estate
Hailing high to the south of Bangalore, JP Nagar, is eyed as one of the most viable options for real estate. To cater to the growing demand of homebuyers, developers now concentrate on areas that are surrounded by mud roads and greenery and complemented by excellent connectivity, and JP Nagar is the perfect one to go for.
Connectivity and Public Transport
Extending to an area of 1.79 km, the locality offers easy access to locations such as Sarakki, Jarganahalli and Nainappa Settipalya. Proximity to Nice ring road and Bannerghata road has further encouraged developments in the region significantly. The locality also boasts of excellent connectivity to prime locations of the city namely- BTM Layout, Banashankari, Bannerghatta and Jayanagar.
The closest railway station to the locality is Bangalore City Junction Railway Station, located at distance of 9 km. Bangalore International Airport is 41 km from the locality, offering the commuters a trouble-free connectivity. The locality is well served by BMTC buses and autos. With the arrival of metro, connecting from JP nagar to Hebbal, public transport in the region will get a major kick-start.
Amenities
Growth of social infrastructure plays a key role in development of the locality. Few renowned schools in the locality include St. Paul’s English School, AV Education Society, and Clarence Public School. Shekar Nethralaya, Rajshekar Hospital and Ayurdhama meet all kinds of medical emergencies in the region.
Real estate and Price Trends
Seen as one of the prominent localities of the city, JP Nagar had experienced an inconsistency in its price trends. The price per sq ft in the last quarter of 2012 ran between Rs 3900- Rs 4100, however, it appreciated by 16% in the quarter Jan-Mar 2013, and stood between Rs 4600- Rs 4800.
For a multistorey apartment, the rent per sq ft ranged between Rs 22- Rs 25. According to market sources 2BHK, 3BHK and 4BHK multistorey apartments are offered to the homebuyers in the region. Such residential units are inclusive of all the modern amenities like clubhouse, jogging track, gym, community hall etc.
