Bangalore is one of the most promising cities in India in terms of lifestyle, economy and career prospects. The Silicon Valley of India is heaven for the IT aspirants in India. Finding a job in the prospective city is not a tough job for the professionals.
Thos who have determined to pursue a career in the IT industry, this is the city to settle down and enjoy the opportunities for the rest of the career span.
Bangalore is also known for its remarkable growth in the real estate segment. The city has a huge growth in terms of residential property launches and possession. In fact, it has acquired the second position in the volume of property possession annually just after Mumbai.
You can easily understand how high the ratio of property development and acquisition is. The main reason behind such a remarkable economy of this city is the job opportunities, higher remuneration and disposable income of the professionals.
The city is the ideal platform to enjoy a brilliant metropolitan lifestyle and enjoy the latest civic amenities. Due to the increasing demand for the residential spaces, the city is currently venturing its suburbs and transforming the perimeters into promising locations for the residential developments.
Few are the best known locations in this city are Sarjapur Road, Rajaji Nagar, Devanahalli, Thanisandra Road, Bannerghatta Road, Electronic City Phase II. The planned approach of the government to develop these locations are proving to be very fruitful for the future residents. The open areas have been perfectly segregated into residential developments and civic amenities.
The residential space is properly segmented and allotted for the respective developers so that their construction can be a part of the entire transformation plan of the city.
Sarjapur Road: The epicenter of development
Sarjapur is located in the southeast of Bangalore. It is the developing city with good connectivity of road to the IT areas like Outer Ring Road, Electronic City, Whitefield, Kormangala and Marathahalli.
The tributaries of Surjapur are spreading to Marathahalli and Electronic City. It is away from Bangalore and dissolves in countryside. Previously, Sarjapur has clusters of villages.
In 1887, the population of surjapur was 3,017. It was the trade centre and production house of cloths. Surjapur is also substation of silk. So, here the production of high quality silk being done and then transported it to other centers for converting it into cloths.
The farmer of Sarjapur manufacture silk of different textures and finally it turns into woven cloths. The Azim Premji Foundation announced a world- class university in Sarjapur, which covers 50 acres of land, in the year of 2013.
The population of Surjapur increased from 3,017 to 8,620 in the year of 2001. Previously Sarjapur do not have much role in the forming of Bangalore, But the production center of cloths added some role to it.
Sarjapur has the mysterious power substation and a large electrical station. In 2007, the new substation was constructed and commissioned on 2010-11. So, the original station of 20th century been replaced.
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Growth in Property Construction at Bannerghatta Road
The fallow chunk of land in the South part of Bangalore, Bannerghatta Road which was considered the outskirts, today has emerged as a booming residential hub. A preferred destination for new construction, there are several factors driving the growth of development and population here.
Prime Reasons for the growth Boost:
Over any other IT corridors of the city, Bannerghatta Road has attracted residents’ attention with its fast progress and comfort of close proximity to important centres like the Fortis and Apollo Hospitals, education institutes such as IIM and many more, along with the huge campuses of companies like HSBC, Accenture etc and hence, has stood witness to immense surge in demand for residential housing.
Ten to fifteen million square foot of IT enabled services campuses are located around the radial road that leads away from the central business district.
The saturated state of the land has raised some concerns as the prices of property has sky-rocketed and has made mid-segment home projects which dominate the area, a luxury commodity though the situation is being deftly handled by the authorities.
The housing market in Bannerghatta Road currently holds more than 20% share of the whole city. With the road widening project and the metro project the quality of communication is bound to be improved and the traffic pressure is to be decreased.
Electronic City Phase-II- An Industrial Platform
Electronic city is one of the largest industrial park in Bangalore, India. The three zones of electronic city are Phase-I, Phase-II, and Phase-III. R.K. Baliga, the Managing Director of Keonics (Karnataka electronics) had the concepts of Electronic city.
He had a dream to convert Bangalore into aSilicon Valley, so, he established the electronic city on 1978. He was also the first chairman of Karnataka electronics. Electronic City is mainly done for property buyers. Electronic City Phase-II has many IT companies like Wipro, TCS, etc.
Buying a property on Electronic City Phase-II can be a good decision for people as it has lots of offers like schools, restaurants, hospitals and shopping malls nearby.
There are many plots, apartments, Villas are available in the city between 60-80 lakhs. The prices of available lands are less than other locations and after completed the project the prices rise too much.
The presence of IT sectors makes the city more convenient for professionals. The Electronic City transforms any city into modern city which provides all the best options and amenities to people in order to make life better.
It also increases the job and career opportunities. People can get a good community with a great lifestyle here.
Devanahalli – Important Knowledgeable Facts
Devanahalli is the town of municipal council of Karnataka. It has the rural district of Bangalore. It has two IT parks with Business park, a science park, an aerospace park with upcoming financial city. In order to become largest IT region in India it is situated near the BIAL IT Investment Region. It is the birth place of Tipu Sultan.
Devanahalli is also known as “Devanadoddi”, “Devanapura”, “Dyaavandalli”, “Devandahalli”. It was a part of “Gangawadi”. In 1501 AD (time of VIjaynagra rule), Malla Blaire constructed a mud fort at Devanadoddi (previous name of Dqevanahalli). During the Mysore War, in 1791 the fort fell into the area under a Britisher named Lord Carnwallis.
Devanahalli has become a tourist place as it has number of temples there with the fort. The most oldest and visited temple is Venugopala Swami Temple. The walls of the temple covered with the scenes of Ramayana and pillars have beautiful statues on them.
There is a memorial of Tipu Sultan outside the fort with six feet pillars with a tablet made by stone. It had 66% literacy rate in the population of 23, 190. Devanahalli is the commercial and residential development area with high demands of real state region.
Increased Demand for Property at Jayanagar
Situated in the city of Bangalore in the state of Karnataka, the Jayanagar area is eminent for its affluent residential and commercial neighbourhood. Since its foundation had been laid in 1948, the place has progressed immensely and has come up in a 2010 survey as the most liveable place in the whole of Bangalore.
History and Evolution:
Though similar to other parts of the city the Jayanagar area has gone through considerable changes, it has been able to hold on to and maintain its charm of the old Bangalore city. As one of the first planned neighbourhoods in Bangalore, it was also the largest in Asia.
The “Victory City” also known as “South End Circle” bears the mark of history as it sports the Ashoka Pillar where the six roads meet. The upper-middle class residents make up the possibly oldest localities in Bangalore and there has been noted a large rise in demand for property among the upwardly-mobile, family-oriented people.
With a sprawling Bus Terminal attributed to Bangalore Metropolitan Transport Corporation, easy commute is provided to and from the main city.
Hosting a number of temples as well as shopping complexes, the place stands in quiet contrast to the rest of the city and is primarily a residential locality. Surrounded by many prominent colleges and institutions, this place is an educational hub in the making.
Kogilu- An Upcoming Area of Bangalore
Kogilu is one of the upcoming localities in North Bangalore. The airport and IT hubs increased the development of this area, which offered many job opportunities.
There is a growth in the infrastructure of Kogilu in last five years as having health centres, educational institutions and entertainment centres, which increases the demand of the properties of this area.
There are many residential options are available like 1, 2, 3, and 4BHK apartments. It can cost from 20 lakhs to 1.56 crore. A metro line between Kogilu and Carmelaram has planned for connecting these places.
As Kogilu has the business parks, so it is a perfect destination for investors to invest.
The concerned of connectivity adjoined many location in form of metro lines. A Majestic Railway Station is also took place. Making of roads also helps to growth in the development of this area.
A good infrastructure always attracts the people to come and it drives the high demand of residential area.
It has all the amenities people search for living nowadays. An International airport is playing vital role in developing Kogilu. Therefore, it has become one of the top upcoming areas in Bangaluru.
Rajaninagar – The Well-Known Place Of Bangalore
Rajajinagar is located in the WestBangalore. Malleshwaram, Mahalakshmipuram and Basa veshwaranagar, Vijayanagar, Mahalakshmi Layout and an Industrial suburb of Rajajinagar are the nearby location as it is neighboured by these places.
It is also a zone of the Bruhat Bangaluru Mahanagara Palike (BBMP). It is the most popular and favourite places among traveller as it has so many resorts and hotels located there. The prices of properties available there are 3,000 to 5,000 per sq ft.
The famous ISKON temple is located near Rajaninagar. For local trains people can go to the Malleshwaram railway station, as it is the nearby railway station.
Karnataka Folk Museum and Sankey Lake attracts the people to visit here. It has the wise connectivity to the major roads, named 8th main road and Mahakavikuvempu road.
Many flyovers and under passes are built so that traffic can be ease out. It is a good locality because it has schools, hospitals, markets, shopping malls, ATMs, banks nearby.
It is a very calm, peaceful, beautiful and a safe location. It can be an ideal place for the couples who work outside. This location is well- connected to the other part of the city that makes it a well-known place of Bangalore.
Residential Construction Growth at Varthur
The suburb situated at the East of the city of Bangalore, Varthur, is internationally famous for its Whitefield Township. Numerous IT companies have set their headquarters in the area headed by of the largest IT companies such as Wipro technologies, Cisco Systems, ARM, and Aricent Group.
The Varthur Main Road connects the rest of the city with the old Airport and houses numerous eminent schools and educational institutions.
Authorities taking charge to improve the declining condition of the Ecosystem:
The Varthur Lake which has been contaminated as a result of unplanned urbanisation and industrialism is the second largest lake in the city.
The degradation of the eco-system and its taleteller signs has made the governing bodies aware and the necessary treatment has bettered the situation.
Availability of Amenities:
With an integration of IT sectors, agricultural lands and residential areas built into its framework, the area is high on the realty radar. A good number of schools and hospitals situated around the area only help drive the point home.
With the old Airport, three railway stations, development of metro services and regular bus services, the place is quite comfortably connected to the main city.
The sound growth patterns have been boosted by the contributing IT industry and agricultural area. The villas and apartments consist of the residential front of the area, is taken up by reputed contractors to add up to the aesthetics of the place.
Rapid Growth of Yeshwanthpur as an Industrial and Residential Area
Yeshwanthpur which is located in the North-Western part of the Bengaluru city in the state of Karnataka is the biggest wholesale market of agriculture produce in the city. The rapid development in the area has made it an industrial-cum-residential area.
Connectivity and Amenities:
The Asian Highway 47 and National Highway 4 run through this area of the Bangalore Urban District. 11.9 kilometres away from the city, Yeshwanthpur is home to prestigious five star hotels like Vivanta by Taj and Sheraton among others.
Adventure sports services like Parasailing and Para motoring are available at the nearby Jakkur Aerodrome Premises and it also includes Hot Air Balloon rides.
The advanced built Yeshwanthpur Junction Railway Station falls under the three important stations of Bangalore. The Colombia Asia multi-speciality hospital has a branch in the area.
These advantages of having all amenities within such close distance has made Yeshwanthpur popular among the tourists as well as the local residents who are opting to live in this area to avoid the hustle-bustle of the main city but also be to in close distance from all the facilities the city provides.
This area has only gone up in the demands of the customers of both, looking for residents and hotels.