Ramamurthy Nagar is one of the fastest growing localities in the eastern part of Bengaluru. Strategically located close to the ORR, Ramamurthy Nagar is surrounded by prime areas such as Kalyananagar, Horamavu, KR Puram, Kasturinagar, and Banaswadi.
Ramamurthy Nagar has great connectivity due to its proximity to the Outer Ring Road, and is close to the Old Madras Road. This makes for an ideal location to set up a home or commercial space. The locality also has a number of lakes such as Jayanthinagar Lake, Kithanagur Lake, and Varanasi Lake, though some of them are in a bad condition due to encroachments and the dumping of sewage.
All sorts of basic amenities are available in this region. The area has good medical facilities, with hospitals such as Koshy’s Hospital and KL Hospital. The infrastructure is good, too, with wide roads and excellent water supply from Bangalore Water Supply and Sewerage Board (BWSSB). The locality is close to two major IT parks in Bengaluru, namely Manyata Tech Park and ITPB, and this is one of the primary growth factors in the real estate sector.
Connectivity and transit points
Ramamurthy Nagar has great connectivity to the city’s major transit points such as Shivaji Nagar, Kempegowda Bus Station, KR Market and Kempegowda International Airport by buses. The 300, 313, and 500 series of buses run through this area. Auto-rickshaws running on sharing basis are also available easily.
The area is in close proximity to the important railway stations such as KR Puram Railway Station, Bangalore East Railway Station, and Banaswadi Railway Station, which are located about 4 km, 7 km and 5 km away respectively. The city’s main railway station, the Bangalore City Railway Station however, is located about 20 km away.
Kempegowda International Airport (KIA) on the other hand is about 36 km. KIA AC and non-AC buses ply frequently through the ORR and are easily available from Ramamurthy Nagar. Cabs are also easily available to the airport.
The closest metro station is the one at Baiyappanahalli, and is located about 4 km from Ramamurthy Nagar.
l Food Bazaar
l Reliance Fresh
l Ramamurthy Nagar
l Ramamurthy Nagar Police Station
l Christ The King School
Factors For growth in the past
The IT explosion in the 1990s helped spur the growth of Ramamurthy Nagar, just like many other areas in Bengaluru. Though not developed by Bangalore Development Authority (BDA), the locality is surrounded by well-known BDA layouts like OMBR Layout, HRBR Layout, and NGEF Layout.
The strategic location of Ramamurthy Nagar at the intersection of the Outer Ring Road has been a silver lining for the people here. The commercial growth in this area has risen immensely due to the excellent connectivity to all the major localities of Bengaluru. Also, the existence of the KR Puram Railway Station made it convenient for many people to explore various businesses in and around this area.
Residential & Commercial Markets
Residential market trends
Ramamurthy Nagar has a fast-growing residential market, and the prices are soaring every day. The market is largely concentrated on individual houses, but apartments are not far behind.
The sale price of apartments in Ramamurthy Nagar as per Q2 of 2014 trends ranged from Rs 3,700-4,100 per sq. ft, while the rent rates ranged from Rs 12-14 per sq. ft.
Commercial market trends
Ramamurthy Nagar has primarily been a residential locality, but the commercial market has been seeing steady growth recently, with the development in infrastructure.
According to the Q2 trends of 2014, rent rates for commercial office space in Ramamurthy Nagar ranged from Rs 25-75 per sq. ft.
Drainage is a big cause of concern for the people residing in the area. Due to the lack of proper drainage systems, there is a lot of stink that the residents have to deal with, not to forget the mosquito nuisance that follows. Water problems are also not uncommon. With many borewells slowly drying up, the residents have no other option but to take help from the local water tankers.
Frequent and unscheduled power cuts, mainly during the weekdays, are causing a lot of distress among the people of the locality. Garbage and poor street lighting problems also plague this locality. Stray dog menace is a big issue for the residents of Ramamurthy Nagar.
Future prospects for growth
The stretch along the ORR which includes Ramamurthy Nagar is soon to witness high growth in terms of IT space. This will also influence the commercial and residential sectors in this locality. With more IT parks, more employees would prefer staying closer, and so there will be more demand for residential projects.
Some well-known developers like CMRS Serenity, Blue Lotus Park, and Aditi have residential projects lined up in Ramamurthy Nagar. The phase-2 of the metro project will have stations in Jyothipura and KR Puram, which will boost connectivity and push up the infrastructure development in this region.