Property prices in BTM Layout climb up the ladder
Derived as an abstract of Tavarekere, Byrasandra and Madivala Layout, BTM Layout which lies to the south of Bangalore, is widely popular as a working class area in the city. Spreading over an area of 2.13 sq km, the locality incorporates 2 stages-BTM 1st Stage and 2nd Stage. Furthermore, presence of Mico Layout, Vysya Bank Colony, Someshwar Colony and Abbayyappa Layout in the vicinity add to its credentials.
Connectivity and Accessibility
Even with congested roads and unmanageable traffic, BTM Layout still tops among the list of preferred localities in Bangalore. The locality is adjacent to Marenahalli road and Outer Ring Road and this acts as one of the driving factors for rise in property transaction in the area. The locality also boasts of excellent connectivity to prime locations of the city via Silk Board Flyover.
The Bangalore City Railway Station, the closest one, is 12.7 km from the locality. The Bangalore International Airport is 43 Km from the vicinity. For IT professionals, commuting to their offices located in Bannerghatta road and Electronic city is plain sailing. BMTC buses offer excellent bus service from the locality to prime locations of the city. Commuters can travel to Kormangala (a residential hub) and Madivala via an auto, available from the vicinity.
Social Infrastructure
The locality is equipped with adequate infrastructure that marks the onset of real estate growth in the neighborhood. Some of the important landmarks in the region include AXA building, Udupi Garden Restaurant and Central Silk Board.
Alliance Business School, Indian Institute of Management and AEC Maruti College Of Dental Science and Research Center are some of the educational institutes in the locality. The locality is also rigged with major hospitals such as Gangothri Hospital, Reddy Orthopedic & General Nursing Home and Jayadeva Institute Of Cardiology.
Real estate and Price trends
Due to its excellent connectivity and proximity to crucial city centers and beyond, the area enjoys a spur in residential units. In Oct-Dec 2012, the price per sq ft stood between Rs 4600- Rs 4800, however, it appreciated by 6% and ran between Rs 5000- Rs 5100 in the second quarter 2013.
The rental value for a 2BHK in the locality ranges between Rs 1100- Rs 1200 per sq ft and stands at Rs 22000. Added with a parking facility, the price goes up by Rs 4000. Some of the upcoming developments in the area include Prabhavathi Heaven, SNN Raj Lake View Phase and Aratt Vivera are some of the ongoing projects in the vicinity.
Homebuyers in the area are generally offered 2BHK and 3BHK multistorey apartments that are equipped with all the modern facilities such as swimming pool, clubhouse, community hall, jogging track, power backup etc. Due to its proximity to central hubs of the city, the locality has come under the radar of key developers, in the city and is seen as one of the feasible options for the investors.
