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.
The project is expected to get completed by 2016. The project consists of six blocks with five floors each. Each block is designed to hold five residences. The project also offers double height ceiling that creates a sense of space in the living and dining areas.
The project offers 3 and 4 bedroom spacious homes with size ranging from 2,800 to 3,700 sq ft. The rate per sqft going on is Rs 6,750 and these homes will cost a buyer Rs 2 crore on wards.
The Mumbai based developer is coming up with their villament residential project called Wilasa in Bangalore. The project is located at JP Nagar, 9th Phase.