Kanakapura Road locality review

Q: Everybody is telling that North Bangalore is good for investment purpose but I am planning to invest in Kanakapura road which is in South Bangalore. Will it be a good idea to invest in?

Sachin bhatt, Bangalore

27th November 2013

Locality Review in Kanakapura Road, Bangalore

bangalore real estate

projects in kanakapura road

apartments in kanakapura road

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Replies (13)

There are no major IT Hubs or big companies near by, then what is the the reason that the area is gaining popularity.

Varun,

14th June 2016

Comment

I completed agree with your Mr Varun, But the reason that Kanakapura is gaining popularity and can be a good choice of destination for investing in real estate because of the affordable property prices and it enjoys excellent connectivity.

Partho Sen, Bangalore

14th June 2016

How is the water supply in Kanakpura Road and what is the average capital value of a multi storey building?

Varun,

14th June 2016

Karnakapura is blessed with water sources. The locality is close to Cauvery River and presence of lakes in the surrounding areas ensure continuous water supply.

The average capital value of a multi storey building vary between Rs 3,761-6,286 per sqft.

Partho Sen, Bangalore

14th June 2016

Factors for Growth in the Future:

1) The Kanakapura Road will soon see major developments within its vicinity that is going to make it most appealing in the real estate sector. One of the prospective projects includes a Disneyland like theme park, spread out over 28 acres of land, driven by 4D technology called the Krishna Lila Park. It has an estimated cost of Rs 350 crore.

2) Phase 1 of the Metro, nearing its expected completion within a year’s time, is assured to reduce traffic and travel time for commuters along the Kanakapura Road. This will connect it to Hasaraghatta Main Road, Magadi Road, Peenya and Mysore Road, making a well-established network in the city.

3) The Peripheral Ring Road project that was proposed is to connect the areas in the outskirts with the areas in the city, reducing traffic and saving a considerable amount of time accordingly. Within the vicinity of the Kanakapura Road, this should serve to a huge asset in favour of vested interests.

Partho Sen, Bangalore

5th December 2014

Comment

What is the factors for growth in the future of Kanakpura Road?

Sachin bhatt, Bangalore

5th December 2014

Comment

The prices on Kanakapura Road have been witnessing various ups and downs. In the July-Sep quarter of 2013, the locality price depreciated to Rs 3786 per sq. ft. In the Oct-Dec quarter of 2013, the locality price depreciated to Rs 3800 per sq. ft. In the Jan-Mar quarter of 2014, the locality price appreciated to Rs 3801 per sq. ft. In the April – June quarter of 2014, the locality price appreciated to Rs 4152 per sq. ft.
The area enjoys good demand due its proximity to important centres of the city and beyond. The price appreciation of this locality in the future might be very good.

Srinivas Rao , Bangalore

4th November 2014

Comment

The average rental yield in Kanakpura Road is approximately 2.77 per cent annually. The rental yield for 1BHK house is approximately 3.03 percent. For 2BHK apartment the average rental yield is approximately 3.26 per cent. A 3BHK apartment has a rental yield of 2.70 per cent. Interestingly rental yield for a 5BHK individual house is approximately 10.22 per cent.

Market segmentation based on ticket sale shows that the locality is mainly luxury oriented as 43 per cent of properties are in the price range of 70 lakh to 120 lakh. Affordable segment (below 40 lakh) have only 9.5 per cent of market share. Mid-segment (between 40 lakh to 70 Lakh) have approximately 39 per cent market share. Ultra luxury segment (above 120 Lakh) has only 8.1 percent of market share.

Rakesh, Bangalore

4th November 2014

Comment

Can anyone help me with the residential market overview in Kanakpura Market? I am planning to invest in this locality.

Nagesh, Bangalore

3rd November 2014

Comment

The average rent for a 1BHK apartment in Kanakapura is Rs 10,000 per month approximately. The rent ranges between Rs 8,000 to Rs 12,000 per month. For a 2BHK apartment the rent ranges between Rs 9,000 to Rs 25,000 per month. The average rent is approximately Rs 14,740 per month. In case of 3BHK apartment the rent ranges between Rs 12,000 to Rs 25,000 per month, while the average rent is approximately Rs 18,120 per month.

Partho Sen, Bangalore

3rd November 2014

The property price in Kanakpura for a 1BHK apartment ranges between Rs 3200 to Rs 4500 per sq. ft. while the average price per sq. ft. is approximately Rs 3849 per sq. ft. In case of a 2BHK apartment the average price is approximately Rs 4429 per sq. ft. while the price ranges from Rs 2460 to Rs 6800. A 3BHK apartment’s sale price ranges from Rs 3100 to Rs 7440 per sq. ft. the average price is approximately Rs 4990 per sq. ft.

Nakul Sachdev, Bangalore

3rd November 2014

What are the major infrastructural developed happenings in Kanakpura road?

Sachin bhatt, Bangalore

27th November 2013

Comment

Kanakapura Road has become active on the real estate radar, mainly in the residential real estate sector because of the infrastructural developments such as: the NICE road which has enhanced the connectivity to Electronic City, Bannerghatta Road and Mysore Road. Bangalore Phase I till Puttenahalli which is under construction is expected to be functional by mid of 2014

Partho Sen, Bangalore

27th November 2013

Please provide me some of the names of projects from reputed builder

Anusua Pillai, Bangalore

27th November 2013

Comment

Some of the good projects in Kanakapura road by reputed builders are:

Purva High Crest (Price ranging from Rs 45 lacs to Rs 55 lacs )
Century Central (Price ranging from Rs 81 lacs to Rs 1.14 crores )
Nitesh Caesars Palace ( Price ranging from Rs 57 lacs to Rs 82 lacs )
Sobha Cedar ( Price ranging from Rs 69 lacs to Rs 76 lacs )
Brigade Meadows ( Price ranging from Rs 30 lacs to Rs 45 lacs )
Mantri Courtyard ( Price ranging from Rs 1.02 crores to Rs 2.19 crores)

Vaibhav Bhatnagar, Bangalore

27th November 2013

How about investing in Brigade Meadows?

Anusua Pillai, Bangalore

28th November 2013

The price of apartment starts from Rs 25 lakhs on wards inclusive of car parking and exclusive of statutory expenses. The project is approved by BBMP and banks like Axis, HDFC, Bank of Baroda, LIC, SBI and Corporation. The expected possession date of the project is by 2014. It is a good project for investment and location is also good.

Abhinandan Jain, Bangalore

28th November 2013

You can expect atleast 30 to 35 percent appreciation in 3 years and moreover the project is by one of the reputed builder's in the real estate industry so risk of investment is less.

Mithilesh Roy, Bangalore

28th November 2013

Thank you so much guys for providing such a detailed information about the project from investment point of view. I am planning to visit the site this Sunday, if I like the project will be booking an apartment in the same

Anusua Pillai, Bangalore

28th November 2013

I am planning to buy a property in Kanakpura area, Bangalore. I heard that the HM constructions have launched their new project. Want to know more about the launched project.

Anusua Pillai, Bangalore

27th November 2013

Comment

Most of the projects coming up on Kanakapura Road are integrated townships, which attract senior citizens as well as the young working population. The main reason behind the realty growth in Kanakpura area is because of the connectivity and high rising apartments.

Vaibhav Bhatnagar, Bangalore

27th November 2013

What is the latest price trend in Kanakpura road?

Sachin bhatt, Bangalore

27th November 2013

Comment

Kanakapura Road is one the prominent localities in Bangalore. The price per sq. ft. was Rs 3846 in Oct- Dec 2012 quarter that reached up to Rs 4395 with appreciation of 10 in the first quarter of 2013. In July- September quarter, 2012, Kanakapura Road have witnessed 12 percent rise in the rental values.

Now an acre of land in the area is running at Rs 9-10 crore which is expected to rise by 10% to 15% in the next five years

Partho Sen, Bangalore

27th November 2013

What about the social infrastructure in Kanakapura road?

Anusua Pillai, Bangalore

27th November 2013

The road is a home to educational institutes like Delhi Public School, South, RV College of Engineering, RMS International School, Edify School, Jain International Residential School are some of the educational institution in this area. Hospitals like Prabha Eye Clinic and Research Center, EPMC’s women’s clinic & surgery, Sagar Clinic are there.

Partho Sen, Bangalore

27th November 2013

Can anyone tell me how the condition of the road is? Are the roads well developed?

Sachin bhatt, Bangalore

27th November 2013

Comment

The Kanakapura road’s condition is deteriorating as well as the traffic gives the people in the area nightmares. Once a lush green area, Kanakapura has become a bustling commercial suburb after it became a part of the National Highway 209.

Nakul Sachdev, Bangalore

27th November 2013

How is the connectivity from Kanakapura road to other places in the city? How is the traffic in Kanakapura road?

Sachin bhatt, Bangalore

27th November 2013

Comment

Kanakapura Road has great connectivity to Electronic City, Hosur and Sarjapur. Apart from these, the place also has a close proximity to Jayanagar and JP Nagar. BMTC bus services are there. In future, the connectivity will improve with Metro in place.

All I can say that the traffic volume on this road is less compared to the adjacent Mysore Road.

Vaibhav Bhatnagar, Bangalore

27th November 2013

The place once known as a village, witness a sudden growth in the real estate with tall multi-storey apartments, and exclusive enclaves in the middle of narrow lanes. Kanakapura Road will be a better option and you can also expect future appreciation in this area as the area is surrounded by many educationally institutions and the connectivity is also very good. Kanakapura road has become a prime hub for real estate development since last 2-3 years. The residential real estate activity along Kanakapura Road is expected to rapidly expand with the arrival of Metro Rail network.

Partho Sen, Bangalore

27th November 2013

Comment

I heard that Iskcon, has acquired around 28 acre hillock for Rs 23 crores at a public auction Disneyland-like 4D technology driven Krishna Lila Park and will transform the tourist potential of Bangalore. The construction work on the theme park was expected to begin in mid-2012 and will get completed by 2016-17. The estimated cost is around Rs 350 crore. This will again impact the real estate market.

Nakul Sachdev, Bangalore

27th November 2013

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