Property boom comes easy in Jalahalli
The massive green wilderness of the Jarkabandi State Forest, on the North of Bangalore, has provided the much-needed ecological balance in Jalahalli, causing buyers to flock to the region. Situated along the Tumkur road, the locality is dotted with beautiful lakes and parks that serve as one of the reasons for the increased number of footfall.
Connectivity is the key
Excellent connectivity has added a lot of value to this region. Stationed to the north of Bangalore, the locality boasts of congestion-free commuting to the prime locations in the city.
Thanks to the NICE corridor, commuting from the locality to Electronic city on the Hosur Road has become a duck soup. Proximity to Yeshwantpur station at a distance to 8 Km has awarded bonus point to the locality. Easy connectivity to World Trade Center and Manyata Tech park in Yeshwantpur has been what driving the demand of the working population in the region.
Public Transport- To and fro
The locality is well connected by BMTC bus services that help commuters reach neighbouring areas such as Ramachandrapura, Vidyaranyapura,Mathikere, Gangamma Circle, Hebbal and Yeshwantpur.
To add to it, with the completion of the reach 3 metro phase, connectivity will be a cakewalk in the region. From Majestic the route will begin encompassing Rajajinagar, Kuvempu and Mahalaxmi Layout extending to Peenya Nagasandra and Jalahalli. Functioning of the metro will further spur commercial developments in the region by making a significant contribution towards connectivity.
Social Infrastructure-The growth factor
Some of the key infrastructure projects in the locality will have a tremendous bearing on the direction in which the growth is slated for. Cluny Convent School, BEL Primary School and BEL CBSE School are some of the renowned educational institutions in the region.
JP Park, spread across 88 acres, is one of the major highlights in the region. Rajmahal Vilas Hospital, Jalahalli Health Care Center and Diagnostic and MS Ramaiah Memorial Hospital are some of the medical institutions in the region that meet the necessary medical emergencies.
Real estate and price trends
Builders are getting good response from property buyers in this region, since major IT parks and government set ups are few minutes away. Close proximity to supermarkets and shopping centers have turned the locality into a commercial cum residential hub.
The price for a multistorey apartment in the region has increased to 6% and ranges between Rs 3500- Rs 5900 per sq ft. The rent per sq ft for a multistorey apartment in Jalahalli ranges between Rs 12- Rs 14 per sq ft. Some of the prominent developers in the region include Hoysala, Renaissance Holdings and Developers Pvt Ltd, prestige Developers etc.
Generally the homebuyers in the locality prefer to buy 2BHK and 3BHK apartments,which includes a number of facilities such as jogging track, club houses, swimming pool, tennis court etc.
Affordable luxury may seem to be rhetoric for many, however, Jalahalli in this respect comes as an eye opener with several luxury projects in the making. At a time, when the rate per sqft for luxury homes are skyrocketing between Rs 2.5 crore-5 Crore, Jalahalli offers the middle-income buyers a shot at the exorbitant homes within a range of Rs 35 lakh- Rs 1 crore.
