Bangalore real estate market is one of the most developed and well performing in the country today. With Mumbai and Delhi suffering from a real estate slowdown, Bangalore has seen more robust activity in real estate than any other major city in India. And one of the crucial centers for such activities has been Bannerghatta Road. One of the busiest real estate markets in Bangalore, Bannerghatta Road has seen lots of investment for both commercial and residential projects. Consequently, Bannerghatta Road has become one of the most talked about and livable micro markets in Bangalore.
The development of Bannerghatta Road from being a sleepy suburb to a bustling center of trade and retail has followed Bangalore’s own transition to become an IT hub. In the early 2000s, the IT industry was expanding its wings in Bangalore and IT hubs like Electronic City and Whitefield were slowly being developed. This meant that the IT industry was moving out of central locations to peripheral ones, causing a lot of development to be made in areas like Bannerghatta Road and Koramangala. With residential projects and infrastructure being developed at Bannerghatta Road, lots of commercial and retail project also started coming up. Today, Bannerghatta Road is a dynamic and healthy real estate micro market with residential, commercial and office projects in good numbers.
As development at Bannerghatta Road approaches saturation levels, developers are turning their eyes on neighboring areas. Areas like Arekere, Hulimavu and Gotigere are close to Bannerghatta Road and not so well developed until now. High rise apartments are likely to come up in these locations as new residential projects are being kick started. A lot of these projects are aimed at mid-income buyers while some are also taking the luxury route to entice high-income buyers as well. Apartments in Bannerghatta Road are usually priced above Rs 80 lakhs and the average rate is between Rs 5,000 to Rs 6,500 per square feet.
Bannerghatta Road is blessed because of its great connectivity to other parts of the city. That is what attracted investment here in the first place and it is only getting better. It is well connected to central Bangalore, to the Outer Ring Road, to Electronic City and is close to the NICE Road as well. Also, Bangalore metro is also being extended to Bannerghatta Road which will only boost its connectivity. On the back of such developments, we can safely say that Bannerghatta Road will be an outstanding real estate hub for the foreseeable future.