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Mahadevapura

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Average Buy Price 5,680 /sq ft Properties for Sale
Average Rent for 2 BHK 21,200 /month Properties for Rent

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About Mahadevapura

The IT boom in the city over the last few decades has led to the expansion and development of areas that were once considered villages on the outskirts of the city. The industrial town of Mahadevapura has been reclaimed and rejuvenated, and now serves as a prime residential destination for the young IT workforce.

 

Mahadevapura is situated on Outer Ring Road, and offers great connectivity to ITPL, Whitefield, Sarjapur, and Marathahalli, areas that are currently witnessing a mushrooming of IT and ITeS companies. Needless to say, the majority of home-seekers who have migrated to this locality are IT/ITeS professionals, and the accommodation in this area has been suitably modified to meet their demands and requirements.

 

This locality also thrive on industries, housing a myriad of small-scale enterprises such as Geers and Pinions, Jaico Automobile Engineering, United Telecom, IFB Industries, Brown Box Pvt. Ltd., Quantum Power Systems, and Graphite India Research & Development Center. Adding to this belt of commercial activity is the renowned Visakhapatnam Steel Plant, often referred to as the best in the country.

 

Mahadevapura is not all concrete and smoke. It is flanked by large Eucalyptus plantations, which provide a green touch to the area. Also, a large number of lakes dot the locality.

 

It further enjoys a range of well-maintained civic and social infrastructure. Eateries boasting of a wide variety of cuisines dot every street, as do banks and ATMs, fitness centres, movie theatres, retail outlets, and departmental stores. One of Bangalore’s largest malls, Phoenix Market City, is in the vicinity, housing some of the biggest brands in the country.

 

Catering to the growing educational needs of children in this locality, some of the best educational institutions in the city are housed here. The list includes the likes of Brigade International School, St Anne’s English High School, and Swami Vivekananda College of Nursing.

 

Medical centres such as Prakriti Hospital, Patil Hospital, and Vasan Eye Care Hospital are all within this area, and are easily accessible.

 

Connectivity and Transit Points

 

Mahadevapura’s strategic location on Outer Ring Road provides great connectivity, which is further propelled by an excellent transit system.

 

The Mahadevapura bus depot located in Chinnappa Layout is frequented by the local BMTC buses, which take commuters to most parts of the city, including Majestic, KR Market, Shivaji Nagar, Shanthi Nagar, Koramangala, Whitefield, ITPL, Electronics City, and Bangalore International Airport.

 

For those travelling by train to neighbouring towns and cities, the KR Puram Railway Station is mere 2km away. Many major trains make a halt at this station. Bangalore’s main railway station, Bangalore City Junction, is about 15km away, and can be reached via auto-rickshaws.

 

The metro station at Baiyyappanahalli is 3km away from Mahadevapura, allowing easy commute to areas like Indira Nagar, Ulsoor, and the heart of Bangalore City, MG Road.

 

The Kempegowda International Airport is 26km away, and is easily accessible via KIA buses.

 

The Outer Ring Road corridor, situated close by, connects this area to most IT areas and business parks, allowing hassle-free commute.

 

Major Landmarks

 

●       Someshwara Temple

●       Visakhapatnam Steel Plant

●       Vijayalakshmi Cinema

●       Vinayaka Movie Hall

●       Sri Manjunatha Swamy Temple

●       Mahadevapura Lake

 

Factors for Growth in the Past

 

The long-established presence of industries in Mahadevapura has given it the edge it has needed to blossom into a thriving and sought-after residential market. The employees of these small-scale industries, along with their families, have been living in this area for a considerable amount of time, which has led to the establishment of basic civic and social infrastructure.

 

With several MNCs and business parks sprouting around Outer Ring Road, this locality has witnessed an influx of young professionals, many from other states, attracting hordes of investors, land developers and realtors. This has acted as a catalyst to its growth, and the once purely industrial town of Mahadevapura has now become a residential hotspot.

 

Residential Market Trends

 

Kanakapura Road is a growing residential market, with the dominant property type being multi-storey apartments. 1,2 and 3BHK units are available in plenty.

 

The current sale trends for multi-storey apartments range between Rs 4,500- 4,900 per sq.ft., with builder floor apartments costing between Rs 4,000- 4,200 per sq.ft.

 

Rent for apartments in Mahadevapura cost anywhere from Rs 16-17 per sq.ft., and those who wish to rent a bungalow may have to spend anywhere between Rs 13-15 per sq.ft. Rent for a 1BHK unit in this area will cost between Rs 9,000-14,000 per month. The rent for a 2 or 3BHK units, which is most preferred, may fall within the brackets of Rs 17,000-35,000 per month.

 

Major Challenges

 

The arterial lanes in this locality have many potholes, and never seem to have sufficient public lighting. Some drains are choked, and waste disposal system is not effective. Water shortage and electricity fluctuations plague the residents too.

 

The lack of foot over-bridges in the signal-free corridors of Outer Ring Road poses a problem to the pedestrians in the locality, causing small accidents and minor injuries.

 

Factors for Growth in the Future

 

Bangalore Development Authority (BDA) has taken up many civil projects in order to improve the condition of Mahadevapura, and to strengthen the existing infrastructure. This includes road development and expansion, constructing foot over-bridges and wide pedestrian walkways, and the cleansing of drains and sewage pipes.

 

Construction of a playground with excellent facilities, two polytechnic institutes, and a large digital library is in talks as well.

 

The civic authorities are taking great pain in developing the infrastructure of this locality, thus ensuring a massive hike in real estate prices in thetimes to come.

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