Sarjapur Road continues to be a preferred locality especially for those who are employed in any one of the Information Technology (IT) hubs on Outer Ring Road (ORR), Whitefield and Electronics City.
Another reason is that other localities such as Whitefield, ORR, and E City have become saturated.
The present situation on Sarjapur Road is that supply of apartments has exceeded the demand. According to recent research, Among the other Indian metros, Bangalore has the second highest number of unsold apartments. Bangalore has overtaken both Mumbai and is second only to Delhi’s National Capital Region (NCR).
The area is developing very fast and has the potential to grown in future because of the close proximity to an economic hub and property values are touching the sky.
Over the last few quarters, prices have been constant which means if you are buying a property today, values are already discounted. This could be the right time for a value advantage.
Some of the highlights are as follows: 1) Capital values rose by 5% in the last one year. 2) There is much demand for apartment n this locality. 3) Most preferred unit size is 2 bhk. 4) Much demand is concentrated in the Rs 40-60 lakh and Rs 60L- Rs 1crore budget
Sarjapur Road has maintained its nature as a preferred destination for sale and rent of property. The interesting fact about Sarjapur road is that the area has both mid segment properties as well as luxury properties. Moreover, malls, schools, clubhouses, nursing homes and cafe hangouts have changed the skyline of Sarjapur Road over the years
New investments, capital appreciation and healthy rental returns are a routine in this area. So investing in this locality at this point of time can fetch you good returns in the coming years.
ICON homz is a residential real estate developer based in Bangalore. ICON homz focusses on 'value homes' , spread across gated developments, layouts, apartments, villas and town houses. Currently, more than 1 million sft is under development, across 5 projects.
Yeah you are right. ICON HOMZ is coming up with a villa project which is 2 km from Sarjapura bus stand on the NH 207. The project is spread over 15 acres, housing more than 200 well-crafted villas, approved by BMRDA.
Sarjapura is fast becoming a sought after residential destination for various reasons like Proposed Satellite Town Ring Roads (STRR) and Intermediate Ring Roads (IRR) will connect Sarjapura to all major parts of Bangalore and International Airport. Whitefield, Electronic City, ORR, IT SEZ Parks, Hosur, Attibelle and SIPCOT industrial areas are also close to Sarjapura.
Infosys is planning their IT Campus and Wipro is working on developing a University in Sarjapura. TISB, Indus, Prakriya, Gear, Delhi Public School, Greenwood High are some of the schools in the vicinity. Hospitals such as Narayana Hrudayalaya, Sparsh, Sathya Sai and Vydehi are close to Sarjapur.
Sarjapur is slowly and steadily blooming into a commercial sector. Almost all the popular developers and builders are investing in real estate of this area. The investment in the area is liable to be fruitful and turn out as smart money.
Sarjapur road stands equal posh residential localities of the city such as Indiranagar or Sadashivnagar. The majority of the area is residential but side by side, it is also developing its commercial space.
Sarjapur road is one of the fast developing localities in Bangalore with good connectivity to IT hubs. Due to many residential establishments and upcoming IT companies, the area has seen an upward demand by the denizens of Bangalore.
The one reason why the Sarjapur Road stretch on the Outer Ring Road (ORR) is emerging as the top commercial and residential real estate destination in the IT city is because over 2 lakh IT employees working for multinational companies on the ORR continue to prefer the area for its easy accessibility to residential areas, SEZs and IT parks along the stretch.