The Southern part of Bangalore boasts well-established localities, sound infrastructure, good connectivity to other areas and much more. The localities here are full of high-rises as well as luxury homes that completely changed the skyline of the IT City’s this region. However, of all the localities two of the most happening realty micro markets are Kanakapura Road and Sarjapur Road.
While Sarjapur is known for its first hydroelectric project, Kanakapura Road remained popular for silk and granite production. With changing times, the realty markets of both the localities took a U-Turn and witnessed a steep jump in property prices as well as property resale value. Both the localities have their own plus points that continue to make them hot favourite among home buyers. Take a look at the various reasons that calls upon homebuyers to invest in these areas:
Sarjapur lies in proximity to other suburban areas like Attibele, Chandapura, Electronic City, Bommasandra, Whitefield and Marathahalli. It is also well-connected to other major areas of the city via Outer Ring Road, NICE Road, and Bangalore-Hyderabad Highway. The area in recent years has developed good connectivity due to the influx of IT companies in surrounding areas.
On the other hand, Kanakapura also enjoys seamless connectivity to other areas of the city via Basavangudi and NICE Road, Mysore Road and ORR. The stretch between the two is popularly known as Kanakapura Road. The locality is in close proximity to areas like Electronic City, JP Nagar, Banashankari, Bannerghatta Road, and Jayanagar.
Both the area in recent years has witnessed many infrastructural developments that have pushed the homebuyers to move towards these areas. Sarjapur is known for the presence of Wipro campus, Smriti Academy and a world-class university, Columbia-Asia Hospital with malls and entertainment centers.
Kanakapura Road is a popular tourist spot of Karnataka. It is also home to leading and renowned schools, colleges, and healthcare institutes including Apollo and Fortis.
Real Estate Market
When it comes to the real estate market, both the micro-markets comprises of affordable as well as luxury homes.
While in Sarjapur, one can easily get an affordable home as well as hi-end luxurious villas in the gated community, Kanakapura has more affordable housing options. One can find more of residential plots as compared to flats and villas in Kanakapura.
Leading developers who have marked their presence in Sarjapur are DSR, Purva, Klassik, Shriram, Assetz group, etc.
On the other hand, developers who are developing their projects in Kanakapura are Purva Group, Vakil Group, Provident group, Concorde builders, etc.
Property Price and Trend
The current average property price on Sarjapur Road is Rs 5,871 per sqft. The price of 2 BHK starts from Rs 45 lakhs.
On the other hand, the average property price on Kanakapura Road is Rs 5,267 per sqft. One can easily buy a 2 BHK starting from Rs 40 lakhs.
Also, if someone wants to invest in these two localities just to earn rental income, then also it will be a win-win situation for them. The rental price in Sarjapur for a 2 BHK is Rs 25 thousand, while in Kanakapura Road it is Rs 20,000 for a 2 BHK flat.
Also, with the excellent neighbourhood and infrastructural development, the property prices are expected to take a huge jump in years to come.
But in the end, the decision is all yours, research on both the areas and properties carefully before investing.