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Bangalore: HSR Layout was developed by BDA (Bangalore Development Authority) in 1984 with its progress picking up at a fast rate owing to the IT parks and the Central Business District being in the vicinity and Outer Ring Road (ORR) running throughout its edges. The HSR layout is spread across 1, 500 acres of land and is split into sectors from I to VII. Apart from this, HSR layout is located in the areas adjoining BTM Layout and Koramangala along with large scale commercial development burgeoning along the ORR stretch between Marathahalli and Central Silk Board junctions.

The overview of the commercial Market

This micro-market is primarily a residential area developed by BDA and presently supports very limited commercial activities and developments. HSR layout has its own BDA complex with standalone commercial stores and retail development being observed with entry of big players of the market in entertainment, food, consumer durables being noted. But the ORR which runs throughout the edges of HSR layout houses several IT and ITeS companies with major IT players’ offices located around the region.

The ORR stretch between Marathahalli and Central Silk board has large IT parks and Special Economic Zones (SEZs) which actually supports the micro-market of HSR layout. This IT corridor has been the development of the last 10 to 15 years and accounts for about 25 percent of Bangalore’s IT space with several major IT companies operating in this area.

A Micro-market with the best performance.

The micro market has over 18.79 million sq. ft. of IT space currently operational with 3 SEZs, and 10 IT parks with approximately another 16 million sq. ft. under construction which will have 6 IT parks and 2 SEZs. These upcoming IT parks and SEZs are expected to be completed and operational within the next 5 years. SEZs consist of 50 per cent of the currently operational commercial spaces and this area accounts for almost 75 per cent of the total Special Economic Zone space of the city.

Experts opine that that this micro market consisting of large multi-tenanted IT parks with about 95 per cent of the A- Grade office space is occupied by IT and ITeS organizations alone. They also opine that this is the best performing micro-market in the city of Bangalore for commercial office space.

Most High absorption of commercial and office spaces.

Data reveals that absorption of commercial spaces by this micro-market has been in the range of 2.25 million sq. ft. in the last seven years with a record absorption of 3.70 million sq. ft. of office space in the preceding nine months which is almost 34 per cent increase in absorption compared to last year. This is a clear indicator that this micro-market is the favourite for the IT and ITeS segment which reaffirms the prospects of commercial real estate market in this region.

The experts attribute this rapid growth in demand due to fairly good absorption of new influx of supply and higher released commitments. This has certainly led the vacancy levels to be low with increasing rentals.

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bangalore real estate - 03:44

Commercial and office space in high demand in HSR Layout

Bangalore: HSR Layout was developed by BDA (Bangalore Development Authority) in 1984 with its progress picking up at a fast rate owing to ...

The realty prices are hitting high up the roof and this is the reasons which led to the dreams of many people got fired up. This has been the situation for the past many months in Bangalore city. The Silicon Valley of India is upgrading as a new real estate and IT Hub of Asia. The realty market in the city is mainly driven by the Information Technology enabled services and the Business Process Outsourcing. This scenario has created the high flying demand on the commercial as well as the residential segments. Due to this increasing demand there has been an encouraging attitude towards the small as well as the big ones to raise a number of luxurious and attractive projects all over Bangalore. The city has many areas which are accountable to be the most expensive real estate sectors.

The article discusses the major destinations where the property and the real estate prices are sky high.

Indira Nagar: This place in Bangalore is considered to be the hottest destination and is known to be the best eatery in the southern region. It has a variety of restaurants, bards, hotels, educational institution and many metro transit systems etc. The Indira Nagar destination in Bangalore is known to be the hottest food destination in the town. It is the destination with almost 87 food places and restaurants each offering various variety and cuisine. Indira Nagar has beaten places like Delhi with Hauz Khas with 43 and Kolkata’s Park Street with 72 food places. The food and beverage options on the 100 feet road and the 12th main Indira Nagar is a bucket full of flavors like the India, Italian, Bengali, Mexican, Parsi, Vietnamese etc. The fast food chain also reveals the assorted mix of the population of Bangalore.

Indira Nagar is well connected to all the expedient purlieus of Bangalore with the Bangalore Metro Purple Line and the Buses with Neighborhood of Swami Vivekananda Road. The area also covers localities like Jeevanbheema nagar, Thippasandra, GM Palya, CV Raman Nagar, Old Madras Road, Ejipura, Ulsoor, Old Airport Road, Koramangala and Domlur. All these areas are a part of Eastern Bangalore and the rate of investment is hitting up. Koramangala is the hottest location to invest in. If you’re looking to Apartments for Sale in Koramangala then Dreamz Infra Builder is the best option. The Indira Nagar area of Bangalore has amenities like BESCOM and BWSSB. Indira Nagar also outlines the National Highway (NH-4). There are an array of educational institutions in this location which are National Public School, Silicon City Public School, Cauvery High School and many others.

Indira Nagar has an array of medical places like Lohitha Hospital, Ossicare GG Hospital, ECI Hospital and also the Manipal Hospital. The destination has good connectivity in terms of bus stop, railway station and also the metros. As far as the metro prices are concerned the highest area price of Rs. 35,092 per sq. ft. The average area ranges near to Rs. 18,322 per sq. ft. whereas the lowest area price is nearly Rs. 1,552 per sq. ft.

Whitefield Area: The area Whitefield is an urban area with an emerging lifestyle the area has got a makeover as a new urban Bangalore. The area is majorly known as an IT Hub it has some of the best in class and infrastructure Tech Parks. Malls, restaurants and other best and up class physical infrastructure. The area is also known for various performing arts in the silicon city. It majorly has a number of IT families residing here. Whitefield is located in the east of Bangalore and has neighborhoods like Brook field, Varthur, Kadugodi and Hoodi. As the projected infrastructure and demand it became a permanent venue for the lively arts. Whitefield is connected with the prime locations through Metros and buses. Because of the demand of this area, there is a huge neighborhood areas of Whitefield like the Sarjapur area. The return on investment in this area is considerably high. Whitefield has certain areas like the Satya Sai General Hospital, The Vydehi Hospital, Meyo Heart Hospital and also the Whitefield Eye Hospital. Whitefield has a number of world class institutions like the St. Thomas School, Whitefield Global School, Ryan International School, The St. Joseph Convent School as well as the Deans Academy School. Dreamz Infra is the only builder who is providing affordable Apartments for Sale in Whitefield.

The area of Whitefield has amenities like Bangalore Water Supply and Sewerage Board whereas the BESCOM supplies the electricity with Bangalore Electricity Supply Company. The physical infrastructure of Whitefield comprises of the National Highway 4 (NH-4). The property pricing trends in various areas of Bangalore are the highest areas are priced around Rs. 5318 per sq. ft. The Average areas are priced somewhere around Rs. 5021 per sq. ft. and the lowest areas are priced around Rs. 4724 per sq. ft.

Hebbal: it is one of the foremost realty endpoints in Bangalore. This ideal destination is located in the Northern region of Bangalore. The area is well-known for the superlative degree of connectivity. Many of the IT hubs and sectors are well- connected to this location. Hebbal has many major market places and commercial as well as business places within its vicinity. The Manyata Tech Park and the Embassy Kirloskar Park have indeed changed the picture of Hebbal as perceived by the general crowd in this area. Major investments in this area are due to the interest of people. The property appreciation in this region has reached an increasing percentage of 94 %. The area has a good connectivity to the major roads and this destination has evolved as a major destination for many business clusters. Thus, making the rate of investments high as many of the business spaces are also situated in Hebbal. The water supply facility is provided by the BWSSB and the Electricity needs are taken care by the BESCOM. Hebbal also offers better connectivity through the means of buses and also railway routes. The Hebbal Lake has a flyover linking over the ORR and the Bellary Road and also the national Highway HN-7.

Hebbal has several good educational establishments like the Vidhya Niketan School and also the Siddhi High School. The medical facilities in this region are of a higher degree to name a few best medical institutions in Hebbal are The Columbia Asia Hospital and the Bangalore Baptist Hospital. The highest and the average property prices in this area are Rs. 6272 per sq. ft. and Rs. 6043 per sq. ft. whereas the least area price is somewhere around Rs. 5814 per sq. ft.

Brookefield: This pleasant area is located in the eastern zone of Bangalore and it is one of the iconic phases in Bangalore. It is one of the most favorable area with the most developed and the fastest growing areas with a much of commercial and residential institutions. Each month the area has a new amenity added to its facilities. The area of Brookefield has higher number wide layouts, malls, parks and also has a variety of affordable houses. The new residential projects launched in this area and also the daunting status makes this area one of the prime areas for investments. Kundalahalli is also one more surrounding location to Brookefield. In this area so many projects are under construction stage. If you are planning for Apartments for Sale in Kundalahalli then contact Dreamz Infra today.

Brookefield is strategically located next to the IT parks such as Kalyani Tech Park and is also much near to the International schools and many other IT organizations, hyper city and Big Bazaar. Brookfield enjoys the best in class transportation facility. It is one of the most peaceful localities in the metropolitan city. The water supply in this locality is through BWSSB whereas the electricity supply is through BESCOM. The physical infrastructure of Brookfield also connects the National Highway 4 (NH-4)

Major educational institutions like the Ryan International and Kids Zee are also situated in the vicinity of Brookfield. Many top class medical institutions like the Brookefield Hospital and the Yashomati Hospital are also a part of this dynamic location. The trends in property prices in this area is around Rs. 5483 per sq. ft. for the highly priced area, the average land price is somewhere around Rs. 5251 per sq. ft. and the lowest area has a price tag of Rs. 5019 per sq. ft.

Marathahalli: It is one of the well-connected micro markets in the city of Bangalore. It is known as the IT hub of Bangalore. This region is getting a huge number of preferences for housing as many of the families are attracted towards this area and want to reside in the vicinity of this region. Marathahalli is a better location to stay because it is near to the biggest IT Hub and it has also the best kind of Infrastructure and the state of art. Residing in areas like marathahalli also reduces the time required to travel to the major IT Hubs. The locations nearing to Marathahalli are Munnekollal, Varthur and Kundanhalli. The increasing demand rate of the area is majorly due to its proximity to areas like Sarjapur, Whitefield and also HSR Layout. This area has the key IT strength and this is accountable for the sky- scraping prices. This location is ideal as it offers the best propinquity to the prime locations in the Silicon City. If you are planning for Apartments for Sale in Marathahalli then Dreamz Infra is providing best apartments in this area. The area has many amenities which are at a walkable distance. Marathahalli has water supply facilitated by BWSSB and electricity supported by BESCOM. Marathahalli also touched the National Highway 4 (NH-4) and also the Outer Ring Road.

Marathahalli has a number of best educational institutions like the Trinity English High School, Ekya School, HAL Gnanajyoti School, Kids Global School and also the Ravindra Bharti School. Some the best in class Medical launches in Marathahalli are VIMS Hospital, Jeevika Hospital, Yashomati Hospital and also the Deepa Nursing Hospital. The high, average as well as the normal prices in this region are Rupees 6570 per sq. ft., Rupees 5035 per sq. ft. and Rupees 3500 per sq. ft. respectively.

If you are looking for Apartments for Sale in Bangalore then Visit Dreamz Infra office at Silk Board.

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The last year failed to impress the customer sentiments in the nationwide realty network. Things were not much different for prominent regions as well as the outskirts. In this scenario, Bangalore city remained kind of stable with better results.

Trends-in-Bangalore-Realty-Sector-adreamz-infra

This is a great achievement considering how worst things proved to be in the last year. The city could show better stability in terms of realty developments and sales due to several factors, chiefly owing to the IT/ITES sector. The other factors remain increased employment and educational opportunities, impressive lifestyle and availability of several options in terms of residential sector.

The last year witnessed several peripheral areas being converted into active real estate hubs. The areas include Bellandur, Whitefield, Marathahalli, Bannerghatta Road and a few others.

The realty prices in the city have been more or less steady during the last few years. Prices went in for a slight increase in 2013, due to the unfavorable circumstances prevailed.

This year is likely to see more number of new launches and the city is observed to present a healthy mix of luxurious and mid-level properties. Affordable housing sector also showed similar results with a significant number of launches.

The city has options for all, be it a luxurious housing, mid-end segment or budget properties.

Adding to the number of fast developing areas are regions like Old Madras Road, K R Puram, New International Airport Road and Outer Ring Road. Apart from these, several northern, western and suburban locations are coming up. More builders are coming up with flats or houses well within 1 to 2 crores. And, reports indicate that people are willing invest in a luxurious home which allows them to live a life on par with global lifestyle standards.

The Bangalore Metro Rail Projects Deserves mention here as a game changer that brought in overall improvement in the sector. The demand was quite stable in areas surrounding the metro and more and more builders are showing interest in these regions.

Bangalore also witnessed many projects coming up in the category of environmental-friendly homes.

Yet another development, though not very recent has been the new international airport in Devanahalli. With the airport, surrounding regions gained huge popularity as residential hubs.

With more development coming up, in the form of proposed infrastructure projects would play a big role in shaping the future of Bangalore realty sector.

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