Q: I am interested to buy an apartment in or near the following areas - Banashankari, JP Nagar, BTM in Bangalore. Kindly provide me some advice on the same
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BTM layout is one of the well developed areas of South Bangalore with Jayanagar, JP Nagar and Bannerghatta Road on one side and HSR Layout, Marathahalli and Electronic city Junctions on the other side. The area is known for its congested road with unmanageable traffic jams but due to its strategic location and corporation water supply the area has seen an increase in demand in rental values.
JP Nagar had experienced an inconsistency in its price trends. The price per sq ft in the last quarter of 2012 ran between Rs 3900- Rs 4100, however, it appreciated by 16% in the quarter Jan-Mar 2013, and stood between Rs 4600- Rs 4800. It is wise to invest in this region as it has an impressive blend of residential and commercial sectors.
The entire region of JP Nagar spreads to an area of 1.79 sq. km, including areas such as Jarganahalli, Sarakki and Nainappa Settipalya. Initially, the locality was a residential hub, with very few houses and Bungalows. However, with the introduction of IT/ITes companies, the locality boomed and turned into a residential cum commercial hub