New residential and commercial projects make Bannerghatta Road one of Bangalore’s busiest real estate markets

January 7th, 2016

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.

How Infrastructure Development Is Making Bannerghatta Road Lucrative For Real Estate Development

November 18th, 2015

Bannerghatta road, initially used as a highway connecting to different parts of the city, is slowly becoming a pulsing hub of real estate in Bangalore. With plans for vast infrastructure development, Bannerghatta road is setting up to become a lucrative market for new home buyers in the city.

Bannerghatta road is one of the busiest in the city, connecting to prominent areas such as Kormangala, JP Nagar, BTM Layout and other peripheral locations. And with so much ongoing activity, it is all set to cater to the crowds of Bangalore through an infrastructure boost that will only improve the connectivity and development in the area.

Widening Of Bannerghatta Road

Bannerghatta road is a 50 km stretch that boasts of 3.5 million sq ft of office spaces along the way, as well as schools, hospitals, malls and residential projects setting up camp here making it a critical part of the city. With so many commuters, traffic hassles and daily jams have become a common thing in the area. To tackle this issue, the State Government has allocated a budget for the widening of the primary Bannerghatta road for approximately 7.5 kms. The entire stretch of road from Jedi Mara Junction up until NICE Road will be widened to 45 meters from its existing 30 meter width.

With a broader road, traffic snarls will be resolved making travel a lot easier for the frequent commuters.

Enhanced Connectivity To Other Parts Of The City

Bannerghatta road is conveniently connected to the eastern side of the Outer Ring Road as well as the Hosur Road Expressway making it easily accessible to different parts of the city. In the second phase of the Metro development plan also, South Bangalore is set to see better connectivity through a line joining the northern peripheries with Gottigere on Bannerghatta road which will even extend to the airport at a later stage.

Social Infrastructure Development

The Bannerghatta road region has seen the development of many prestigious schools, hospitals and exciting entertainment destinations in recent times. With prominent malls, shopping complexes, theaters and other infrastructural facilities taking place in this area, it is becoming more and more favorable for new buyers to consider a real estate investment here. Esteemed schools and colleges are setting up base on Bannerghatta road considering the real estate boom that is expected to happen.

With an increasing number of facilities, amenities and a push for infrastructure development, the Bannerghatta real estate segment is all set to soar. All these factors are leading to a rise in capital values in the area and the Bannerghatta real estate market is inching towards becoming a prime option for investors and home buyers.

5 Reasons why Bannerghatta provides the best value for your money

September 9th, 2015

It requires a great deal of thought before buying a plot or property for your own in the city.  A decision should be reached only after asking widely about the different options available, doing some research on the area and finding out the best locality to invest in. There are many factors involved in this planning which includes the financing, the repayment mode, what type of space to invest in and most important of all, which location to choose.

For some people making this investment is a once in a lifetime decision where once entire life savings may be involved. Hence, it is very important to choose a property at the right location in order to get a good return on the investment done.

Bengaluru, one of the most modern cities in India, is a real estate haven as it offers good social and physical infrastructure and all the other elements of a ultra modern metro life. There are many localities in Bengaluru that are targeted by real estate developers and   Bannerghatta is one of them.  Located in South Bengaluru, it is geographically located in the central region of the city and is a hub of some serious real estate activity.  The first quarter of 2015, showed heightened activities from both buyers and sellers in the real estate in this locality which clearly depicts its steep growth.

Centre of IT Hubs:

South Bengaluru, especially Bannerghatta is home to a number of prestigious IT institutions and is a favourite spot for both commercial and residential spaces.  Most of the spaces are 2 and 3 BHKs which are preferred by professionals working in the IT Sector. Some luxurious Villa projects have also come up catering to the A level employees in these sectors.

Better Connectivity:

The outer Ring Road and Hosur Road Expressway connects this locality easily to other parts of the city.  The proposed metro rails and plans to widen the roads to the South Bengaluru will benefit the real estate in Bannerghatta.

Affordable Options:

Bannerghatta road is known for its affordable living spaces compared to other parts of south zone.  The price of land and properties are very reasonable, which is attracting real estate developers and middle income groups to invest here.  Apartments in multi-storeyed buildings are rated at Rs 4000 per square feet and commercial spaces are available within a price range between Rs 50 to Rs 65 per square feet for rent.

Availability of good amenities and infrastructure:

Bannerghatta has many malls and shopping places like the Royal Meenakshi Mall giving the life here an exciting touch.  The area also houses many prestigious educational institutions, reputed hospitals, recreation and entertainment hubs.

Upcoming tourist destination:

The tourism in Bannerghatta is also rising due to Bannerghatta National Park. There are also many plans in the pipeline to develop the tourism around the locality.  Due to this, the demand for home stays for daily rent also increasing.  This is a good investment option, as people who buy second home in Bannerghatta can reap profits by converting it into a home stay.

South Bangalore; Property Haven For Mid-Segment And Affordable Homes

May 7th, 2015

South Bangalore is one of the most promising destinations for making real estate investments; the residential projects established here are plenty in number and cater to the requirements of middle and upper class investors. Considering the region boasts of both high end as well as affordable housing projects, real estate players can benefit from making property investments here.

The trending and popular localities in south Bangalore are Kudlu Gate, Begur, Singasandra, and Electronics City on Hosur Road; Bilekahalli, Arekere, and JP Nagar on Bannerghatta Road; Sarjapur Road, Kanakapura Road; and Subramanyapura and Uttarahalli on NICE Road.

The following factors contribute to making south Bangalore a favourable destination for real estate investments:

1. Abundance Of Infrastructure

The south of Bangalore is known to be the most well-developed region in the city, owing to the efficient infrastructure, transport, and entertainment facilities available here. The area abounds with popular shopping malls, such as Gopalan Mall, Forum Mall, and Swagath Mall, much to the convenience of the area’s residents.

A plethora of grocery shops, medical centres, and multi specialty hospitals are also present in this region, along with many temples that make visiting south Bangalore, a cultural experience. Inevitably, real estate investors are drawn to this region.

2. Variety Of Pricing Options

  • Residential projects in Bannerghatta Road near Meenakshi Mall, are priced between Rs 4,500 to 8,000 per sq ft or even higher.
  • Housing options located further away from Meenakshi Mall, are priced between Rs 2,500 to 4,000 per sq ft.
  • Areas such as JP Nagar, Jayanagar, Bannerghatta Road, Banashankari, and the surrounding localities, are attracting many upper segment end users as these areas house many luxury apartments as well as independent residential units.
  • A price appreciation of 5 to 10 percent was witnessed in south bangalore in the last one year alone, and is expected to benefit from another increment of 5 to 10 percent in the coming year.
  • The growth of office spaces along the ORR and Electronic City will further drive the demand from IT professionals and aristocrats in this region.

3. Escalating Property Demand

South Bangalore is a preferred destination for both types of home buyers; end users and real estate investors. The difference between the two is that while the former keeps an eye out for localities that are flourishing with infrastructure and commercial developments, the latter prefers to invest in areas that offer a quiet and relaxed environment, away from city life. For both purposes, south Bangalore is the ideal destination.

Reasons Why Bannerghatta Road Has A Fast Developing Real Estate Market

March 23rd, 2015

There are several reasons to justify the fact that Bannerghatta road has a fast developing real estate market. Some of the main reasons given here throw light on why Bannerghatta is considered to be an important real estate investment destination in south Bangalore.

 Bannerghatta road is considered to be the real estate and commercial capital in south Bangalore. The important reasons as to why Bannerghatta Road has an escalating real estate market are given below.

 1. A Popular Location For Commercial Centers

 Bannerghatta is a locality that is buzzing with commercial developments and real estate ventures. With the famous Royal Meenakshi Mall being established in this location, this attracts many investors to invest in Bannerghatta. There are also a plethora of options for dining and family entertainment as there are many food outlets, restaurants, and malls in this area. Important facilities and commercial shops such as grocery stores and malls are present in the locality itself, making it extremely easy for residents to avail their daily home shopping.

 2.     Presence Of The IT Industry

 Bannerghatta Road is a popular locality due to the number of IT companies situated in this region. Many real estate investors make lifetime investments in this locality as a result of this factor. With the presence of IT companies, there is sure to be an increase in residential housing in the area. People are interested in moving to Bannerghatta as it is convenient to commute to their workplaces due to the area’s strategic location.

 3.   Smooth Connectivity and Access

 Bannerghatta Road is linked by road to all the important areas in south Bangalore. It is connected to Jigani, which is one of the most popular industrial areas in Bangalore. Travelling to other important localities such as JP Nagar, Jayanagar, Banashankari, Koramangala, and MG road, is also hassle free. This is one of the main reasons for the real estate boom in this location.

 4. Infrastructure At Its Best

 Bannerghatta Road has quality infrastructure facilities, which include social and physical infrastructure. With many educational institutions like Indian Institute of Management, Management Academy Research Centre, Islamiah Institute of Technology, and Bangalore Institute of Management present in this locality, Bannerghatta Road is well-known as a student and educational hub of the city. There are also many hospitals such as Medplus, Apollo Hospital, Fortis Hospital, and Sagar Hospital that provide world-class healthcare services. Many retail hubs such as Royal Meenakshi Mall, Vega City Mall, Gopalan Innovation Mall, and Reliance Mart provide convenient access to all the shopping requirements of the residents.

 5.     Good Appreciation Value With High Returns

 In the recent past, Bannerghatta Road has witnessed a rapid price appreciation. Due to this, many commercial and residential developments are being undertaken in this locality. The appreciation value here, is increasing at a much faster pace than any other locality in south Bangalore, and this is because the locality is rapidly developing.

 All in all, Bannerghatta Road is a promising locality and its prominence is well deserved. Investing here is definitely a wise option, especially for long-term investors. And what’s more, Bannerghatta Road is surrounded by greenery and is away from the hustle and bustle of city life. 

“Bren” a New Identity of SJR Group

April 24th, 2013

As a part of the company’s renewal and expansion plan, SJR Group, a renowned property developer in Bangalore, has recently launched a new brand identity for the company called “Bren”. This new identity “Bren” involves diversification into new domains including education and retail. Since its inception in 1973, the SJR Group is recognized as one of the Bangalore’s leading and most progressive builders, with several prominent landmarks of developing infrastructure including roads, flyovers, bridges, airport tarmacs, and other public systems, to the most modern structures for residential, retail and commercial spaces.

According to the Bren Corporation, Managing Director, Boopesh Reddy, “We are now taking the next step in the company’s growth and evolution. To ensure our brand reflects the broader reach of the company, we are adopting this new identity. The company’s management, people, services, and products remain unchanged, while the Bren name reflects our timeless values and the brand’s modern outlook. All of which goes towards delivering greater value to our customers, associates, and partners.” He also added that the property development will always been, and always will be, a key business area for the company. They see Bren as people, values, and service.

Some of the ongoing projects of Bren in Bangalore include Bren Avalon in Marathahalli, Bren Celestia in Sarjapur Road and Bren Trillium in off Hosa-Hosur Road. Bren Paddington in Sarjapur Road is newly launched project of Bren. Some of the pre-launch projects of Bren are Bren Palms in Kudlu Gate, off Hosur Road, and Bren Lilium in off Hosa-Hosur Road. Bren Unity in Marathahalli is ready-to-move-in properties of Bren. Some of the ongoing commercial and retail projects of Bren include Bren Star Mall on Bannerghatta Road, Cyber in Koramangala, and Bren Zion in Marathahalli.

Thus, it can be said that SJRGroup is the registered brand name of Bren Corporation in Bangalore.

Maangalya Ashirwad – Bannerghatta Road

April 22nd, 2013

Maangalya Ashirwad of Maangalya Developers is one of the luxurious residential projects on Bannerghatta road. It is spread over 2.55 acre of land with over 139 houses. This project offers 2 and 3 bedroom apartment with in the range of 1444 to 1918 square feet. Maangalya Ashirwad is a place, which rejuvenates your mind, body and soul. Maangalya Ashirwad project is approved by BBMP.

Maangalya Ashirwad offers excellent amenities and facilities in the form of Club House, Gymnasium, Steam / Sauna/ Health Spa, Table tennis, Billiard, Cards Room, Multi Purpose hall, Swimming Pool/Toddler Pool, Reading corner/ lounge, Children Play Area, Serviced Guest Rooms, Badminton/Tennis Court, Basketball Court and ample car parking area. The materials used for flooring and other fittings in Maangalya Ashirwad are of Eco- Friendly and is designed as per vaastu and earthquake resistant.

Maangalya Ashirwad is situated on Bannerghatta road, which is one of the fastest growing places in Bangalore. There are many IT companies nearby making it easy for professionals for daily commute and many shopping malls and departmental stores for daily needs. Maangalya Ashirwad offer good and easy connectivity to the various parts of the cities. BGS NPS School, PSBB School, Sudarshan Driving School, Achala Vidhya Mandira High School and St Mary English School are some of the nearby schools. Apollo hospitals, Fortis hospitals, Wochkard Hospital, Shri Krishna Hospital, and Government Hospital are some of the hospitals near to Maangalya Ashirwad.

Maangalya Ashirwad is an ongoing project of Maangalya Developers. The group has shown its presence in various residential and commercial projects and has a mission of delivering good quality homes to their clients and total solutions to the corporate. The projects are built up in posh areas, which give access to the prime locations in the city. Their aim is to create a better tomorrow by providing better standards of living for their customer. Maangalya Residences, Maangalya Suryodaya, Oakridge, Maangalya Grande, Spencer Plaza, Maangalya Prosper, Maangalya Meadows, Maplewood are some of the projects undertaken by Maangalya Developers. Maangalya Ashirwad is a place where nature and you live in perfect harmony.

 

Arakere witness a boost in Property Price.

April 16th, 2013

Arakere located in Bannerghatta Road, is witness an increase in price of residential values. It offers property for all kind of buyers within a wide range. According to Magicbricks.com data, a 2BHK in the locality is available in the range of Rs 30–80 lakh. Data also reveals that Arakere has seen an appreciation of 75 per cent in capital values in the Jan-March 2013 quarter. The increase in price in this locality is mainly due to its outstanding connectivity, proximity to commercial locations and social infrastructure. It is located on the 25 km long Bannerghatta Road in South Bangalore, and has developed very fast since 2000 due to the establishment of large number of IT and BPO companies. According to Ramesh of Abhijit Estates, ““A few popular names are Oracle, Honeywell, and Accenture. The educational institute such as India Institute of Management (IIM) is half a km from this area. Even hospitals such as Apollo Hospitals, Wockhardt Hospital and Fortis hospital have come up in the locality, which is pushing the property demand and further increasing the property prices. Today the locality offers a multistory apartment ranging between Rs 3,500-9,000 per sq ft”. Some of the well-developed residential areas in Arakere are – Arakere Mico Layout, which is a BDA layout, and Pandurangnagar, which is just adjacent to Mico layout. It is proximity to high-end hospitals, educational institutions and shopping malls, makes it a preferred area by professionals working in corporate houses and software companies. Local industry experts highlight that the area is not only witnessing high demand for residential space, but for commercial and retail space too. According to MagicBricks.com, data there are about 55 properties available for sale in this area. Some of the prominent apartment complexes situated in Arakere are Syndicate Bank Colony, L&T Southcity, Mantri Paradise, Mantri Woodlands, Mantri Residency, Meenakshi Residency, Meenakshi Mangalam, Shantiniketan, Vijaya Bank Enclave and Aspenwood Apartments.

Maangalya Ashirwad

December 18th, 2012

Maangalya Ashirwad of Maangalya Developers is one of the luxurious residential projects on Bannerghatta road. It is spread over 2.55 acre of land with over 139 houses. This project offers 2 and 3 bedroom apartment with in the range of 1444 to 1918 square feet. It has a beautiful landscape and is considered as a place where everyone wants to live in and still dream of every now and then. Maangalya Ashirwad is a place which rejuvenates your mind, body and soul. Maangalya Ashirwad project is approved by BBMP.

Maangalya Ashirwad offers excellent amenities and facilities in the form of Club House, Gymnasium, Steam / Sauna/ Health Spa, Table tennis, Billiard, Cards Room, Multi Purpose hall, Swimming Pool/Toddler Pool, Reading corner/ lounge, Children Play Area, Serviced Guest Rooms, Badminton/Tennis Court, Basketball Court and ample car parking area. The materials used for flooring and other fittings in Maangalya Ashirwad are of Eco- Friendly and is designed as per vaastu and earthquake resistant. It is a place where anyone will fall in love with.

Maangalya Ashirwad is situated on Bannerghatta road which is one of the fastest growing places in Bangalore. There are many IT companies nearby making it easy for professionals for daily commute and lots of shopping malls and departmental stores for daily needs. Maangalya Ashirwad offer good and easy connectivity to the various parts of the cities. BGS NPS School, PSBB School, Sudarshan Driving School, Achala Vidhya Mandira High School and St Mary English School are some of the nearby schools. Apollo hospitals, Fortis hospitals, Wochkard Hospital, Shri Krishna Hospital and Government Hospital are some of the hospitals near to Maangalya Ashirwad.

Maangalya Ashirwad is an ongoing project of Maangalya Developers. The group has shown its presence in various residential and commercial projects and has a mission of delivering good quality homes to their clients and total solutions to the corporate. The projects are built up in posh areas which give access to the prime locations in the city. They have achieved complete customer’s satisfaction through their quality work and personalized service. They have the ability to fulfill the demand of their customer and the changing market. Their aim is to create a better tomorrow by providing better standards of living for their customer. Maangalya Residences, Maangalya Suryodaya, Oakridge, Maangalya Grande, Spencer Plaza, Maangalya Prosper, Maangalya Meadows, Maplewood are some of the projects undertaken by Maangalya Developers. Maangalya Ashirwad is a place where nature and you live in perfect harmony.

Car Fiesta 2012- CommonFloor presents Car Fest in Bangalore

June 14th, 2012

CommonFloor presents car fest at Raheja Residency Bangalore Koramangala & Purva Panorama Bangalore Bannerghatta on this Saturday. The first 20 test drivers will get assured gift from giftbig.com, a one stop shop for all the prepaid gifting options in the country and on spot Car Loans are provided by HDFC Bank, a leading Housing Finance provider in India.

CommonFloor Car Fest in the Bangalore apartments

CommonFloor presents Car fest 2012

Volkswagen Palace Cross, Trident Chevrolet and Nandi Toyota will offer you an opportunity to test drive the latest cars.

CommonFloor Car Fiesta 2012

Venue: In front of the club house
Date: June 16, 2012 (Saturday)
Time: 9:00 Am to 5:00 Pm