Spur in residential projects in Kengeri
Renownedly known as the satellite city of Bangalore, Kengeri is located to the east of the city and shines as the next realty hub. With the saturation of all the prime locations in Bangalore, Kengeri has emerged as the potential locality for real estate developments. Trouble-free connectivity and proximity to major IT hubs in the city has what contributed to the growth of the locality extensively.
Connectivity and Public Transport
The locality boasts of excellent connectivity to prime locations of the city. Proximity to Banashankari adds to the the number of reasons for the growth of the neighborhood. Being adjacent to Bangalore-Mysore road help commuters reach the hot spots of Bangalore within no time from this area. The NICE ring road help the commuters reach the IT/ITes hubs of the city in a trouble-free manner.
The Kengeri Railway Station, which is located on the Bangalore-Mysore rail route, is at a distance of 3km. The Mysore-Tirupati Fast Passenger, Chamundi Express and Tuticorin-Mysore Express are the few train connections in the region. The Bangalore International airport is stationed at a distance of 21 km. The closest bus terminal is Kengeri Bus Station.
With the construction of modern TTMC (Traffic and Transit Management Centre) at the entry of the town, commuters can travel long distance without effort. The Namma Metro corridor will be stretched to Kengeri Satellite town from the Nayandahalli on Mysore Road
Amenities
Kengeri Satellite Town was established by the BDA (Bangalore Development Authority) and has been counted as the one of the fastest developing areas in the city. The locality is equipped with telephone booths, cyber cafes, multi-cuisine restaurants and a number of utility services to facilitate the residents. ICSE Public School, Bethesda High School along with Nanodaya Teacher Training D Ed College are some of the well-known educational institutions in the region.
The locality also meets the sudden medical needs via HK hospital, Global hospital and Kasturi hospital.
Real Estate and Price Trends
The locality has been in the radar of home buyers due to the easy accessibility offered by it. A multi-storey apartment in the locality is offered in the range of Rs 2900- Rs 3100 per sq ft, whereas a builder floor apartment in Kengeri will be offered within the range Rs 2800- Rs 2900 per sq ft. According to market reports, there has been a hike of 3% in the prices of builder floor apartments in the vicinity.
Radiant Crown, Pioneer Lotus and Mega Apartment Complex are some of the upcoming projects in the region. Few accomplished builders such as MSK Shelters, Radiant Structures Private Ltd and Pioneer Developers have made their presence felt in the area.The average rent for a 1 BHK in this area varies between Rs 5000- Rs 5200 for flats measuring 400 sq ft.
Home buyers in the region are generally offered 2BHK and 3BHK multistory apartments at an affordable range that comprise of all the modern facilities such as swimming pool, children play area, gym, jogging track, club house, indoor games, outdoor games and 24/7 power back. With the ongoing crunch for land and lack of affordable housing units in the city, Kengeri is likely to evolve as the future for real estate in Bangalore.
