Jakkur is expected to see price appreciation of 5-10% in the next one year, as this sub-market has a good volume of units already available for sale. The real estate market here is expected to boost as the governments' keen interest in relocating the Bangalore Turf Club from outside the city to Jakkur.
One of the major reason that Jakkur has seen a growth in the real estate market is because of the development of the Bengaluru-Hyderabad Highway and Bellary Road. Another reasons would be the commencement of office operations at Embassy Manyata Tech Park and the Kempegowda International Airport.
Connectivity at Jakkur improved significantly and the area started attracting more investments, when the NH7-Hebbal, Devanahalli Expressway connecting the airport to the city started operations in 2014. Moreover, the availability of social infrastructure and numerous schools, makes it a sought after destination for luxury homes.
Thanisandra Main Road is one of the upcoming localities in Bangalore. There are various reasons why this locality is bound to flourish, one of it is - it will be developed to be the alternate route to Bengaluru International Airport. Hence good price hikes in the coming year or so, and proximity to everything in and around the area. To get more insight and detail regarding the same
The rent per sq ft of a multistorey apartment in the area ranges between Rs 13- Rs 15. Home buyers in the region are generally offered 1BHK, 2BHK and 3BHK multistorey apartments in the vicinity.
The price of an apartment in Jakkur ranges from Rs 29 lakhs to Rs 7 crores. In this area you will get both affordable housing as well as luxury apartments.
Jakkur has experienced ups and downs in the price per sq ft. In the last quarter of 2011, the price per sq ft ranged between Rs 3700- Rs 3900, however, price appreciated to 15% and stood between RS 4300- Rs 4500 in the second quarter of 2012. In 2013, Jan-March quarter the property price has gone up to Rs 4700 to Rs 4800.