Launching Offer 2 & 3 BHK flats in Kanakapura Main Road
Amenities: Intercom, Power Back-up, Gym/ Multipurpose, Hall, Rainwater Harvesting, Automatic Lift, Covered Car Parking, 24/7 Security & Water supply, Park.
Bangalore: Not long ago, Kanakapura Road was seen as a far-flung extension of Jayanagar and J P Nagar. But as the city’s periphery expanded, Kanakapura burst into the realty landscape with relatively reasonable land rates.
This transformation has meant that an area that had only a few major developers like HM Constructions now has a host of them launching or looking to launch projects. That includes Puravankara, Sobha Developers, Mantri Developers, Nitesh Estates, Brigade Enterprises and Chartered Housing.
The catchment area of Kanakapura Road, Banashankari and J P Nagar has mature social infrastructure. The NICE Road connecting the area to Electronics City, and the proposed Metro Rail have triggered a residential boom in this area,.
The proposed metro rail link all the way up to the Art of Living Ashram will be a game changer for the micro markets as well,
unlike its upscale neighborhood that commands a premium; capital values on Kanakapura Road are more moderate. They have risen gradually, as and when infrastructure developed around the region. There is some indication that over the past year, there has been a sharper rise. SAI VARENYA Builders launched Sai Varenya Park View apartments Rs.2900 per sft in Launching Offer.
Some analysts believe that those buying property as an investment in the area may not get quick returns, even though the entry level price is relatively low. “Many developers were banking on the Bidadi Township under the Bangalore Mysore Infrastructure Corridor to take off. But we have not heard anything on that so far. There is surplus inventory available as the recovery has been slow,”
But the area has a good network of hospitals and schools in and around the vicinity. Apollo, BGS Hospital and Wockhardt are some of the nearby hospitals. The area boasts of Kumarans, Delhi Public School, Jnana Sweekar Schoool and Ryan International School. “It has the potential to emerge as a residential hub,”