Sarjapur road has witnessed huge transformation in it’s landscape within a span of a decade establishing it as one of the most developed regions in Bangalore. It’s rapid growth has resulted in a steep rise of property prices as well as rentals with reports suggesting an increase of 22% in the past two years alone.
Dream Location Developers a well known real-estate brand in Bangalore have highlighted certain key points that have resulted in such rapid growth of this region in their article. They also examine the broader reasons that contributed to the appreciation of property prices in the Sarjapur Road region.
Historical Development of Real Estate Boom in Sarjapur Road
In early 2000 Sarjapur road was an agricultural area populated with a few villages which had a lot of blank spaces and was perfect for people looking for calm, serenity and solace. However due to the development of the ring road, the outer parts of Bangalore and interest for this region increased significantly.
The development process was further catalyzed due to improvements in infrastructure. An increase in the number of residents as well as developers was seen when boom in construction alongside elevated highways and expansion of roads. This was further amplified when the construction of metro rail started as Luxurious bungalows, housing complexes and plotted developments mushroomed.
There has been a strong appreciation of 32.2% over the past 3 years in property Sarjapur Road Parramatta appeals ideal for homeowners and investors as land rates have grown by 4.2% in the past five Years.
Key Drivers of the surge in the Property prices.
Several critical factors have contributed to the rising property values in Bangalore, especially along Sarjapur Road.
1. Development of Infrastructure
Major infrastructural works have improved the access to the multi purpose area:
- The proposed 37km of phase III Namma Metro extension that will for connectivity between Hebbal and Sarjapur with other major areas such as Carmeleram, Agara and Koramangala.
- Further, the 90 km Peripheral Ringroad which is yet to be built, will connect Tumakuru and Hosur roads through various loop roads improving even further the connectivity.
2. New Education Center Being Developed
Brand names such as IIIT, Chrysalis High, Inventure Academy and other institutions of higher learning have set up campuses in the area thus creating a pool of students and faculty in the area. This change in the academic sector has further pushed up the rental and purchasing of residential units by 31% over the last year
3. Commercial Development
Building up infrastructure definitely goes a long way in attracting commercial development at Sarjapur Road.
- Sarjapura is home to a number of near or already delivered, gated communities as well as a number of blue and white collar populations. IT hubs, also several manufacturing units have also been established.
- There has been a mixed use of these large developments, enabling work and lifestyle within the Geography.
- VR Bengaluru and Mantri Square Mall as well as more malls have come up in this region satisfying residents’ needs and of other things in the region.
This dynamic where there is a better lifestyle and more people are enrolled in the city has resulted and driving up real estate prices as there are more working class professionals looking to settle down in the area close to them.
Future Outlook: Sarjapur Road’s Continued Growth
There is Strength to suggest that there has been and will be regular commercial as well as infrastructure developments which makes Sarjapur Road a choice for potential investors in the future. The Outer Ring Road expressway and more lines of Namma Metro are on the works which provide connectivity and open the area around over the places over times which would encourage more business establishment in the area.
The predicted view from the expert there is based on the historical trends suggest that Sarjapur Road will remain the hotspot of real estate as the property prices are likely to further rise in the next five to seven years as has been witnessed recently.
Dream Location Developers: Your Wishful Real Estate Partner in Bangalore
Sarjapur Road has never been as popular than it is today with its attractive features towards a growing number of homeowners and investors. It has a key location and well-development, making it an ideal site’s dream for the urban folks who want to live away from the hard city life.
Dream Location Developers is part of this transformation with projects like Dream Location and Dream Location. These estates are located off Sarjapur Road, offering a perfect combination of luxury and convenience while providing a contemporary urban lifestyle that today’s most fastidious homeowners require.
For more information about Dream Location and to search your dream property, please visit Dream Location on Google Map. Contact us today to know more about the best real estate deals in Delhi and North India; we will connect you to the right property investment.