Property values soup up in Hoskote, Bangalore
Previously tagged as a sleepy hamlet, Hoskote alias Neo Bangalore, located on the north-eastern side of the city at a distance of 25 km, has been witnessing a robust growth in the real estate market of the region. The locality, which is positioned on the Bangalore-Chennai highway NH4 falls under the limits of the main city.
Connectivity
The locality boasts of excellent connectivity and is positioned between NH-4 and NH-207, stringing out from the ITI factory in K R Puram to neighborhoods adjacent to Whitefield. Hoskote is 25 kms from the Bangalore International Airport and 20 minutes from KR Puram railway station. Accessibility to major IT hubs of the city (such as ITPL and Whitefield) located at a distance of 12 km, is an easy ride from the locality.
Proximity to Narasapura in Kolar district, stationed at a country mile of 15 km from Hoskote, has been one of the prime reasons for stacking up of residential values and demand in the region. Narasapura in Kolar district houses Honda and Volvo factories and is also titled as the auto hub of the state.
Public Transport
The locality tacks on with the rest of the Bangalore city via the Intermediate Ring Road. The recently inaugurated bus depot in Hoskote, which offers buses to prime locations of the city, adds to the overalls essence of public transport in the area. Hosakote High School Bus Stop, Kannurahalli Bus Stop and Petanahalli Bus Stop are some of the bus stops in the region. To tot up with, the locality is at a distance of 10 km from Byappanahalli, which offers excellent metro connectivity to MG road.
Public Infrastructure
The spurt in infrastructure activities has triggered the values of the properties in the region. Up to snuff road planning has taken precedent in Hoskote. Government First Grade college, Bright English School and Sri Vivekananda Vidya Kendra are some of the renowned educational institutes in Hoskote. Some of the most trusted medical institutions in the region include Chaitanya Medical Centre, Kempanna Nursing Home and Dhruva Nursing Home.
Real Estate and Price Trends
Primarily a residential area, the locality has been on the radar of the key developers of the city. The price for a builder floor apartment in the locality ranges between Rs 2000- Rs 2400 per sq ft.
In the last one year, the value of land has spiked up almost 80%, as a result of which plots which were offered at Rs 1000 per sq ft a year ago, are now sold at Rs 1800 per sq ft. Artha NEO, Karnasree Haradi Sai Brindavan Township, and Sowparnika Sai Srishti are some of the on-going projects in the locality. The proposed STRR- Satellite Township Ring Road, which will encompass 284 km will meld Hoskote with the other crucial satellite towns in and around the city.
Emerging of Hoskote as a major industrial area with numerous commercial set ups has acted as a boon for the region. With some large-scale auto manufacturers, ancillary industries along with nearly 400 Japanese firms, the locality has ranked itself on the preferred list of the developers and investors for residential projects in the region.
