There are numerous very much presumed developers in Akshayanagar and it is important to think about their past record and their work. This is a site that will give you full insights about it Propsurf
Akshaynagar is an upcoming locality with many residential project which are in different level of construction. It is a sought after locality by Bangalore's techie population because of the proximity to Bannerghatta Road, Electronic City and Jigani.
I agree with you Indrajit that the area is gaining momentum but the roads are really bad and the area is not sufficiently lit at night. Road become more worse during monsoons.