Real estate activity ranks Yeshwanthpur in the list
Widely known as an industrial-cum-residential area, Yeshwantpur, the promising locality for real estate located to the north-east of Bangalore, has been in talks recently among the developers and investors.
Closely stationed near to Malleshwaram, the locality outshines others in terms of public transport and social infrastructure despite its distance, staging it as one of the integral parts of the Garden City
Connectivity and Accessibility
Excellent connectivity and good public transport define the Yeshwanthpur locality. The locality is fenced in by few densely populated areas namely Jalahalli, Malleswaram, Mahalaxmi Layout, Mathikere, Sadashivanagar and Nandhini Layout. Hence, reaching such locations is a cakewalk for commuters.
The locality also takes pride in having an underpass just below the Yeshwanthpur flyover to facilitate the flow of traffic from Tumkur road. The Yeshwantpur railway station is located at 1km distance from the locality.
Commuters are facilitated by the frequent service of BMTC buses from the locality to Majestic bus terminal. Metro-phase reach III of the north-south corridor towards Rajajinagar, which will stretch to 24.20 km, will bring in a wave of commercial developments in the region.
Social Infrastructure
The skyrocketing prices of the residential catchments bear testimony to the fact that Yeshwanthpur has witnessed significant growth in the last few years. Well-connected with the elevated flyover, the locality offers easy connectivity to Nelamangala and connects to the Ring Road.
The old market and the new retail giant Metro Cash and Carry offer wide variety of choices to the residents. There locality is equipped with some renowned educational institutions such as National Public School, KLE Society’s Institute of Dental Sciences and Adrasha Girls High School. Some of the prime hospitals in the region include Raksha MultiSpeciality Hospital, Mysore Hospital and Hema Chandra Hospital.
Real Estate and Price Trends
With realty developers scouting for place for residential developments in Bangalore, Yeshwanthpur has emerged as the recent big name for builders. The price per sq ft for a residential property in the locality was Rs 5100- Rs 5200 per sq ft in the last quarter of 2012 and appreciated by 8%. In the second quarter of 2013, the price per sq ft ranged between Rs 5500- Rs 5600.
Property buyers in the area are generally offered 2BHK and 3BHK apartments inclusive of all modern amenities. The rental values in the region have appreciated by 20% in the last quarter of 2012, and the trend is likely to continue in 2013. Some of the ongoing projects in the area include GM Infinite Daffodils, Platinum City and Golden Grand. WIth the rapid development experienced by the city and the eminent developers making their presence in the vicinity, Yeshwanthpur is soon to become the most sought after destination.
