Property values in Amruthahalli to rise above par
Amruthahalli, adding to the pride of North Bangalore, is one of fastest developing upmarket residential regions in the city. Adjacent to Byatarayanapura, this area was once a village with no modern developments, however, with time the locality has unfolded into one of the rapidly developing suburbs of the city.
The locality has witnessed a string of residential projects and has been on the radar of the home buyers ever since 2012. Availability of a wide range of residential properties under various price schemes adds to the overall credentials of the neighborhood.
Connectivity:
One of the biggest advantages of this locality is its strategic location which contributes significantly towards better connectivity and accessibility. Proximity to Amruth Nagar main road and Dasarahalli main road helps commuters from the locality to connect to prime locations and landmarks in the city.
Amruthahalli is adjacent to Bellary road that help people connect to prime locations of the city with ease. Commuters can reach prime locations in east Bangalore like Whitefield, ITPL, Marathalli etc. through Outer Ring Road, which is close to the locality.
The locality is 1.5 km from Bengaluru International Airport, and can be accessed through the 4-lane new airport road. Easy convenience offered by the locality to reach major hotspots in the city like BEL, Manyata Tech Park and Kirloskar ranks the locality in the preferred list of the buyers. Proximity to Hebbal flyover helps people from the vicinity to connect prime locations in the city like R T Nagar, Sahakara Nagar and MR Gardens. The nearest railway station to the locality is Yelahanka Railway station, located at a distance of 5.4 km.
Public Transport:
Connectivity offered by this area is what has catered the attention of the developers and homebuyers. BMTC buses rush from the locality on a frequent basis and helps commuters reach industrial hubs like Manyata Tech Park. Dasarahalli bus stop, JNCASR bus stop. Jakkur Cross bus stop, Amruth Halli bus stop and Amruth Nagar bus stop are some of the prime bus stops of the locality. Yeshwanthpur metro is the nearest metro station to this locality, located at a distance of 13 km.
Social Infrastructure:
Supportive infrastructure has added to the overall essence of the locality significantly. The area is adjacent to hospitals like the Cauvery Medical Center and Columbia Asia Hospital and offers the necessary medical aid to its residents. St Joseph’s college, Jawaharlal Institute and Mahatma Gandhi Institute are some of the renowned educational institutes which are close to the locality and adds to the preference of the home buyers.
Real Estate and Price Trends:
The second quarter of April-June 2013 has witnessed an upward trend in this micro-market by almost 16%. Just 2 years ago, land prices in the locality were hovering between Rs 200- RS 350 per sq ft. With a wide range of residential properties are under-development in this area the present price per sq ft ranges between Rs 4500- Rs 5000.
The rent per sq ft in Amruthahalli ranges between Rs 10- Rs 12 per sq ft. Some of the prime developers in the area include Brigade, Godrej, Purvankara, Century, Hoysala, and Sobha.
Easy accessibility to BIA has raised the bar and fuelled the hike in prices for residential projects in the vicinity even though there are acute water problems. According to homeowners in Amruthahalli, the locality is much quieter and greener in comparison to nearby neighborhoods, even though it is close to Hebbal Flyover. This has also added to the number of reasons for the hike in demand for residential units in the locality.
