Q: I was planning to buy a property in Hosur road. Please let me know if it is a good idea to buy a property in this area I heard that there is taffic problem in this area.
According to sources, the demand for 2 and 3BHK units in Hosur Road is 59 and 30 per cent respectively, the supply of 2BHK units is 52 per cent and for 3BHK apartments it stands at 43 per cent.
The average growth rate of property prices along Hosur Road in the past one year is between 15-20 per cent. The demand for housing is growing so one can expect good returns in the coming future. It is obivious that Hosur Road is one of the potential areas for buying and investing.
In the July-Sep 2014, the locality price going on is Rs 3792. Some of the good ongoing project in this locality is Salarpuria Greenage, Sipani Bliss, Aratt Amora, Nitesh Chelsea, White Meadows, Sumadhura Essenza, SJR Parkway Homes and Ardente Pine Grove
Since the area is still on the developing stage, real estate developers are focusing more on mid segment housing than the luxury segment. Most of the residential apartments coming up in Hosur Road are budget housing in the range of Rs 30 to 80 lakh per unit. The real estate sector in this area is going to impact once the proposed Namma Metro is functional.
Hosur Road is the most happening place these days. Earlier people liked to stay in the City Centre in spite of hectic travel but now the time and the mind set has changed. Now people want to stay close to their offices and so the living and rental value has improved on the Hosur Road stretch.
n the July-Sep quarter of 2013, the property price has appreciated to Rs 4342 per sq. ft. Some of the good projects in this area are Keerthi Royal Palms, MJR Platina, Bren Palms and Vakil Whispering Woods.
Good schools in Hosur Road are: ACTS Secondary School, St. Francis De Sales Public School and Baldwin Boys High School.
The residential projects in Hosur Road are growing after the construction of the longest elevated road in the country leading to the Electronic City. Today many residential projects, resorts, IT parks, hospitals, schools are coming up in this area. The Karnataka Industrial Areas Development Board (KIADB) also has planned several projects in Hosur Road area. These are the reasons for which the real estate in this area is booming.
The main reason behind the growth of this locality is its emergence as the center for residential, commercial and retail establishments.Home buyers prefer to work, live and shop within the convenience of their neighbourhood. :) :D
Close proximity to Electronic city, the hub of several top software companies and corporate headquarters, has mainly pushed up demand for premium housing and rentals in Hosur Road. Investors are interested on investing here as they see good scope of appreciation as compared to other nearby localities.
Hosur road was once an outskirt locality in Bangalore but now Hosur Road has good connectivity to downtown city areas by BMTC bus services. The commuting will become more easy and smooth once the proposed Namma Metro gets operational. The National Highways Authority of India has constructed a 10-kilometer-long elevated highway from Madiwala and Electronics City. This toll road has made travel to Electronics City a lot easier. The portion of road between Madiwala and Electronics City is the busiest. To ease the traffic in that road, the city traffic police have blocked the movement of trucks in this stretch during the peak hours.
Hosur Road is a four to eight lane highway and is a part of the National Highway-7. The area covers villages such as Bommanahalli, Hebbagodi, Singasandra, Chandapura and Attibele. Hosur Road in Bangalore has recently emerged as the hottest property destination as the area has witnessed a large number of real estate developments. Hosur Road is good locality for family to live in. Easy accessible to banks, schools and colleges
The demand for real estate marketing is growing in Hosur Road and buyers are getting good returns. It might be a good time to invest in the area to earn good returns and enjoy a high-end lifestyle.
Yeah you are correct for the time being travelling is little bit difficult but BBMP is planning to build a link road connecting the Bannerghatta Road with Hosur Road. To provide convenience to the residents and commuters of Hosur road, the link road project will soon take its foundation.
Usually the IT/ITeS and MNC segments opt for the premium 2 and 3BHK formats and look for complete solutions within the community. They look for good connectivity and security for themselves as well as their children. They also look for facilities which give their families a healthy environment