Ideally located in the South of Silicon Valley in Bangalore, Kanakapura Road has risen from being a green jungle to one of the most coveted localities of the city. Being a clean and green suburban area of Bangalore, the locality got a place on its realty radar owing to its good connectivity features. It is flanked by lakes and green landscapes and offers better standard of living to the residents. Soon after realizing its importance as a good residential neighbourhood, Projects in Kanakapura Road Bangalore started mushrooming, first in the central areas and then the outskirts. Infrastructure and connectivity works out in favour of the location.
Because of a good physical and social infrastructure, the demand for a 1 BHK Flat for Sale in Kanakapura Road started picking up pace a decade ago. Its serene neighbourhood is surrounded by world class architectures, some already completed and some under construction. It is majorly seen as a recreational destination for those living in posh area of South Bangalore. Disneyland is going to be developed in the city and several other theme parks will also be developed. There are ample social amenities to support a busy urban lifestyle.
The locality is connected by Kanakapura Road that connects central parts of Bangalore to its posh southern areas and the CBD. NICE Ring Road also runs through its localities connecting it to West and East. Upcoming metro connectivity will amplify the connectivity status of the city. It is an accepted fact that when connectivity features of a locality are improved, its realty market flourishes. The launch of so many Projects in Kanakapura Road Bangalore can be attributed to this factor. The Bangalore-Mysore Infrastructure Corridor project is another important point to be considered.
REAL ESTATE SCENARIO
Offering a cultural, spiritual, educational and leisurely lifestyle in Bangalore, Kanakapura Road has made its mark on the city’s realty landscape. It has a flourishing real estate market with 1 BHK, 2 BHK and 3 BHK units in apartment form and independent development. 1 BHK Flat for Sale in Kanakapura Road receive the highest demand from young professionals for the purpose of end-use as well as investment. The average property price in Kanakapura Road is Rs 5,315 per sq ft. Since, the locality also has a healthy rental market, a number of buyers put their homes on rent.
Due to the improvement in its infrastructure, commercial real estate will also get a good appreciation in the coming time. Metro connectivity will further push the demand. Its proximity to the important centers of Bangalore makes it a perfect locality to make an investment in. Property prices have seen a constant appreciation over the past five years and the trends is likely to remain the same for quite some time.