The expansion of Bangalore city boundaries began with the peripheral areas in the southern part. The first IT establishment in Bangalore as well as the proliferation of IT/ITes and MNCs along the Hosur Road belt has led to the increasing demand in Bangalore flats and other residential catchments around. Among all the localities, the areas surrounding Electronic city and Sarjapur road that extends to Hosur have witnessed a boost in demand in the residential options.
To substantiate this, Hosur road is a long stretch connecting BTM layout, Koramangala and Jayanagar to Electronics City. Over the years, the Bangalore flats for sale and also the commercial properties on this stretch has witnessed a grip. When it comes to office space too, Hosur road has been picked up by IT companies and numerous Bangalore flats and other residential projects and retail outlets. Initial emergence in the residential arena was majorly due to the employee (of IT companies at Electronic city) settlements as they preferred staying in close proximity to their work spots.
Outlook on Bangalore residential real estate
Further development is expected in the Hosur Road belt due to better connectivity and state government’s major initiatives. With high rises and high-end layouts such as BTM and HSR, residential market has picked up well and has turned Hosur road into a mature investment destination. Bangalore flats for sale will soon witness inclination due to proposed Metro rail connection, access to the airport, proposed ‘Smart city’ announced by the government of Karnataka and the planned Peripheral ring road.
According to a research report by Cushman & Wakefield, during the last two and half years, the Hosur stretch has witnessed launch of over 14,500 Bangalore flats in which the mid segment accounts for 64 per cent and the affordable segment sums up to 34 per cent of the share. The mid-segment Bangalore flats are priced anywhere between Rs. 3,000 to Rs. 4,000 per square feet.
To substantiate this, Hosur road is a long stretch connecting BTM layout, Koramangala and Jayanagar to Electronics City. Over the years, the Bangalore flats for sale and also the commercial properties on this stretch has witnessed a grip. When it comes to office space too, Hosur road has been picked up by IT companies and numerous Bangalore flats and other residential projects and retail outlets. Initial emergence in the residential arena was majorly due to the employee (of IT companies at Electronic city) settlements as they preferred staying in close proximity to their work spots.
Outlook on Bangalore residential real estate
Further development is expected in the Hosur Road belt due to better connectivity and state government’s major initiatives. With high rises and high-end layouts such as BTM and HSR, residential market has picked up well and has turned Hosur road into a mature investment destination. Bangalore flats for sale will soon witness inclination due to proposed Metro rail connection, access to the airport, proposed ‘Smart city’ announced by the government of Karnataka and the planned Peripheral ring road.
According to a research report by Cushman & Wakefield, during the last two and half years, the Hosur stretch has witnessed launch of over 14,500 Bangalore flats in which the mid segment accounts for 64 per cent and the affordable segment sums up to 34 per cent of the share. The mid-segment Bangalore flats are priced anywhere between Rs. 3,000 to Rs. 4,000 per square feet.
