Old Madras Road locality review

Q: I am shifting in Bangalore in next few months. I am planning to invest in Old Madras Road. Is it a good idea? Please post your feedback about the area.

Utpal Das, Bangalore

4th December 2013

Locality Review in Old Madras Road, Bangalore

bangalore real estate

projects in old airport road

apartments in old airport road

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Replies (6)

Can you please provide me some of the names of good ongoing projects in Old Madras Road?

Utpal Das, Bangalore

4th December 2013

Comment

Brigade Golden Triangle, Oceanus Tranquil, Gina Shalom, Prestige Glenwood, Purva Midtown Residency and Opal Shelters are some of the good ongoing projects in Old Madras Road. The price of the apartmet ranges from Rs 49 lakhs to Rs 1.90 crores.

Sree Potamal, Bangalore

4th December 2013

I have an apartment in Old Madras Road and I want to give it for rent. How is the rental value in this area?

Kailesh, Bangalore

4th December 2013

Comment

The rent per sq ft in the area for multi storey apartments ranges between Rs 18- Rs 20,displaying a steady hike of 11%. Home buyers in the area are generally offered 2BHK, 3BHK and 4BHK multistorey apartments, which are equipped with swimming pools, club houses, gym, jogging track etc.

Swati Pachasia, Bangalore

4th December 2013

My son is studying in school so I am looking for some good schools located in Old Madras Road? If possible kindly provide me the names of some good hospitals as well

Utpal Das, Bangalore

4th December 2013

Comment

Some of the schools located in Old Madras road include Hilal High School, New Baldwin International Residential School and Auxilium School. Chinmaya Mission Hospital, Lotus Diagnostic Center and Axon Speciality Hospital are some of the well-known hospitals in the area which meet the medical needs of the people living by.

Gajendra V, Bangalore

4th December 2013

What is the present price trends going on in Old Madras Road?

Kailesh, Bangalore

4th December 2013

The price trends in the region had its share of ups and downs. In the last quarter of 2012, price per sq ft was in the range 4200- Rs 4300, however it appreciated significantly in the 1st and 2nd quarter of 2013. In April-June 2013, the price per sq ft ranged between Rs 4300- Rs 4500, displaying a sharp rise of 3%.

Swati Pachasia, Bangalore

4th December 2013

Nice discussion is going on but is it profitable to invest in Old Madras Road?

Japesh, Bangalore

4th December 2013

Comment

I would say yes definitely it is profitable to invest as the area is well connected and you can get apartments and properties at an affortable rates. As the area is close to IT hubs and business district, it is expected that the property price will increase and good returns can be expected in 3- 4years.

Old Madras Road is going to see a lot of appreciation for the property in near future due to the proposed peripheral ring road, which will provide rapid connectivity to the Bangalore international airport. Lot of developments are happening in this area due to the presence of a number of MNC, due to the close proximity to ITPL and the ease of accessibility to Outer Ring Road

Gajendra V, Bangalore

4th December 2013

Within a radius of 5kms from Old Madras road there are many malls some of them are functional and some of the malls are in different stages of construction, good schools and the area is close to many reputed IT hubs. People prefer to stay in an a locality from where commuting is easy as well as all the basic amenities are there.

Sree Potamal, Bangalore

4th December 2013

The areas in and around Old Madras Road will become a commercial and residential hub in the next 5 to 10 years. New residential and commercial properties will be the key prospects for growth of Old Madras Road.

The Future Group are planning to build a wholesale market called World Market in Avalahalli on Old Madras Road. Residential and commercial property prices in this region have increased by 15% in the last few years, and are said to increase even more.

The connectivity, currently well accessed, will see progressive improvements with the Bangalore-Chennai Expressway and the Metro extensions will also benefit Old Madras Road sizably. The region did have some water issues earlier, but it has now been resolved thanks to the Cauvery stage-4 phase-2 water project.

Eklavya, Bangalore

2nd January 2015

How is the connectivity and accessibility from Old Madras Road to other parts of the city?

Utpal Das, Bangalore

4th December 2013

Comment

# The residential real estate demand in the region is mainly driven by IT/ITes employees since the area is 25 minutes drive from MG road and is adjacent to IT hubs ( such as electronic city, Whitefield, Outer Ring Road and secondary business districts). Proximity to NH4 and NH7 further adds to the number of reasons for the surge in real estate activities in the region.

# The closest railway station is Krishnarajapuram Railway Station, located at a distance of 6.2 km from the area. The Bangalore International Airport is 44 mins drive from the area via the ORR.

# The connectivity from Old madras Road to other parts of the city is very well connected by BMTC buses, autos and metro which is operational till Byapannahalli for now

Swati Pachasia, Bangalore

4th December 2013

# Old Madras is one of the preferred residential destinations for IT professionals. Old Madras Road has huge potential for residential units since a demand-supply mismatch exists in the region.

# Old Madras Road, the much talked about area of east Bangalore has gained significant prominence among the homebuyers due to enhanced connectivity and improved retailing scenario.

# The K R Puram Junction to Hoskote through the Old Madras Road has witnessed a slew of residential units in the past few quarters, from some of the leading developers in Bangalore.

# One of the major turnarounds in the real estate activities of the region is the enhanced six-lane connectivity lanes which is an icing on the cake for the area.

# The Bangalore-Chennai Industrial Corridor that will link Hoskote and Sriperumbudur will further act in favor the real estate market of Old Madras Road and will lessen the commuting time within the two states as well. Old Madras is good for both end use

Sree Potamal, Bangalore

4th December 2013

Comment

The Old Madras Road has its fair share of problems that majorly affect its functioning. Issues pertaining to traffic are suffered at the narrow bottleneck parts of this corridor. The maintenance of roads has become lax with unattended open potholes, dug up roads, and the dumping of excess mud and wastes along this road. The region also faces lack of good quality schools and colleges. The nearest reputed schools and colleges are in Indira Nagar and Whitefield.

Sachin bhatt, Bangalore

2nd January 2015