Q: Marathahalli is one of the growing localities in Bangalore. What is the reason behind that? Is this the right time to invest in this area? Can I expect good returns?
As per my knowledge, Home buyers are shifting their attention from Whitefield to Marathahalli because the area is well connected to Whitefield and the ongoing rate for properties in Marathahalli is 10% lesser than in Whitefield.
I agree with u Sree but the buyers are attracted in this locality because the micro market possesses good social infrastructure such as educational institutions, hospitals and malls. With improved infrastructure, Marathahalli is expected to becoming one of Bangalore’s prominent real estate hubs.
According to Vestian Global Workplace Services research, Marathahalli is known for its apartment developments. Most of the apartment projects in this location have units with an average area and priced between Rs 4,000-6,500 per sqft.
According to Cushman and Wakefield, over 1.80 lakh units are under construction in the vicinity of the Sarjapur Road-Marathahalli belt, out of which approximately 60 percent is in the mid-range category. Adding to it, over 14,500 residential units are currently in the pre-launch stages.
According to property analysts, one of the biggest benefits offered by this locality is its unparalleled connectivity via the ORR. Around 1-2 km from the locality, the Outer Ring Road adds to the essence of the area. Commuters can access the HAL Airport road and Kundalahalli area from the 6-lane railway overbridge that begins from Marathahalli Junction.
Developers confirm that Marathahalli is buyer’s market, and there are ample properties available. Nearly 20 new projects are under-construction in the area. Some of the key developers who have emerged with multi-storey projects in the area include- Green City Homes, Mantri Developers, Assetz Homes, Nitesh Estates and Isha Infra Projects.
With Chinnapanahalli in north, Panathur in south, Old Airport Road in left and Varthur in east, Marathahalli has emerged as a potential suburb in Bangalore. Proximity to Whitefield, Electronic City, HAL Airport and Sarjapur Road have further added to the credentials of the region.
In a move to widen the periphery of the locality a number of IT sectors have hit it big, hence the need for commercial and residential spaces emerged. With time, Marathahalli has evolved into a concrete locale and the margin for both sale and rental value have shot up significantly.
Marathahalli is always a preferred pick because of the affordability and connectivity. The area is well connected to airport (46 km via. ORR) and KR Puram Railway (11 km) Station than most other localities.
According to market statistics, purchasing an apartment of Rs 40 lakh(average) can fetch a rental yield of Rs 16000-Rs 17000 per month. In terms of top grosser per annum, Marathalli ranks ahead of other localities at 4.94%. The list of benefits for an investor in Marathahalli, is not bounded to higher rental yields. With a growth rate of 9% during the 3Q2013, the locality meets the growing aspirations of investors and end-users.
Sai Flora, SV Brindhavanam, Assetz East Point, Saroj White Sands, Dreamz Eco III, Dreamz Sarvesh, Myhna Heights and Vandana Tejyesh are some of the ongoing projects in Marathahalli.
Hello Jig, Brindhavanam offers 1, 2 and 3 BHK premium flats located at Panathur with Occupancy certificate and commencement certificate and is well connected to Marathahalli Outer Ring Road, ITPL and Whitefield. The expected possession date of the project is by mid June 2015.
Hi Nakul, the property prices are appreciating very fast and after 4-5 year you can expect good appreciation. But the area have witnessed a considerable demand for 1BHK units.
I am planning to buy a property in Marathahalli just want to know what is the price range going on in this area. How much appreciation I can expect after 2-3 years?
The real estate market of the region has its share of ups-and-downs. At present, a multi-storey apartment in the locality can be availed at Rs 3900- Rs 4100 per sq ft. Market statistics confirm that for builder floor apartments the prices have shot up to 4%. The price per sq ft for a builder floor apartment in the neighbourhood ranges between Rs 3000- Rs 3600 per sq ft. The rental value in the region has zoomed to 20% and is likely to rise further.
Hi Nakul, The price trends in this locality has gone up to Rs 5500 per sqft. Depending in your lifestyle you can choose a home ranging from Rs 30 lakh to Rs 2 crore.
@Hemraj, Connectivity is the crux of the locality and is at a distance of 5km from the Tech Park and offices such as Wipro, JP Morgan etc. Marathahalli further boasts of its excellent connectivity via the Ring Road which is a kilometre away from the locality, thus accessing other neighborhoods of the city becomes trouble-free.
Proximity to Whitefield, Belampur-Faizpur Road and ITPL stands out as one of the prime reasons for IT professionals renting in this locality. The International Airport is 28 kms from the vicinity and the closest railway station is K R Puram, stationed at a distance of 10 kms. The Marathahalli-Brookefield-Whitefield stretch further enhances the name of the locality extensively
If someone is buying a house in an area he will look for things like connectivity and all other infrastructural facilities like schools, hospitals, banks, etc. available in the vicinity or not. I feel Marathahalli and Kundalahalli are two areas that are directly connected to many other areas in East Bangalore through Old Airport Road, Outer Ring Road and Marathahalli Bridge. Marathahalli is a complete city within a city and moreover it is the centre of east Bangalore
I second you Mr Bijoy, but the negative point about this area is that it does not have metro connectivity for which Whitefield and KR Puram is seeing good response from investment point of view as the areas will have metros. :( :'(
@Priotosh, Another negative point about this locality is water scarcity. But I have read about a new concept called "Pay per water usage". It seems whoever had implemented the concept actually got 24 hours water
Marathahalli, the pride of east Bangalore is now hailed as one of the growing localities of the city, which has gained prominence both among the developers and property buyers. Positioning of the area as the 13th best place to dwell among 20 localities in the city, bear witness to the growth of the vicinity.
Marathahalli is totted up as one of the lucrative areas for developers with promising returns. Due to the upcoming residential units in the region and tacking on of the IT zone, the locality has been eyed as one of the potential areas for real estate investment.
Furthermore, few adjoining areas like Ashwant Nagar, Brookfield and Whitefield define the importance of the locality in terms to accessibility. The demand for residential projects in the region is mainly driven by IT professionals in the city.
Hey Hemraj!!! The reason why the area has seen drastic change is because of the growth of social infrastructure has what lured developers to the locality. In regard to the above statement, the Marathahalli flyover which is fully operational, offers excellent access and connectivity from the locality to key locations of the city. The area is swamped with a number of supermarkets, shopping malls and numerous shops which further gives bonus marks to Marathahalli. Some of the renowned schools in the region include Sri Chaitanya Techno School, HAL Gnanajyoti School and Ravindra Bharathi School. Sankara Eye Hospital, Genesis Hospital, Deepa Nursing Home are the key medical institutions in the region which worth a special mention. Proximity to IT hubs has what triggered the real estate growth of the locality. The IT/ITes sector has been the prime economic driver in this locality and will continue to lure home buyers in the region in future. :) :)