Properties in Jakkur emerges as hotpsot among affordable home buyers

Jakkur is a well-developed suburb located on the eastern side of the NH 44 between Yelahanka and Hebbal, part of Northern Bengaluru. The demand for properties in Jakkur has grown rapidly, mainly in the affordable housing segment in recent times.

Properties in Jakkur

Img : roofandfloor

Due to increasing property rates in Bengaluru, now property buying has become much difficult especially for first-time buyers. However, properties in Jakkur offer a great deal to first time home buyers due to the presence of affordable homes, superior connectivity and proximity to Hebbal Tech Park.

Take a look:

Connectivity

Jakkur offers robust connectivity via Bellary Road and metro. The nearest metro station is Byappanahalli Metro Station (8.7 km).

The locality is also surrounded by many IT parks and is well-connected to other parts of the city via rail, road and air network. Jakkur is just 100 meters away from NH7/Bellary Road and is in close proximity to the ring road. The area also enjoys an excellent network of Metropolitan Transport Corporation (BMTC) buses.

Infrastructure

Jakkur’s property market has steamed up after the establishment of Jakkur Aerodrome in 2011. Since then, the area has seen several compact housing project launches which have increased much over time.

Renowned schools like DPS, Ryan International School, Canadian International School and engineering colleges such as BIT, Reva and NITTE are located in proximity to Jakkur. Apart from this, Jakkur is also known for its oldest flying schools in the country. Jakkur Lake, a famous picnic spot where families spend their evening time in a serene surrounding is also a well-developed social infrastructure prevailing in the region.

A recent addition of six-lane, 22 km long elevated expressway has brought this place nearer to Hebbal and also attracted many developers and end-users towards this place.

Real estate market

Due to many developed and proposed infrastructure, as well as easy availability of land tracts on a lower price, Jakkur real estate has gained momentum among developers in the affordable housing segment in recent times.

Home buyers have the option to choose from a variety of residential units like apartments, gated communities, independent bungalows, row houses, condominiums, and duplexes. However, people mainly prefer residential flats located inside a gated community as it offers ample basic amenities and facilities at much budget-friendly rates.

Property rate and trends

The average property price in Jakkur is Rs 5300/ sq.ft. However, one can easily get an apartment ranging from Rs 5000- Rs 6000 per sq.ft. which fits into every one pocket too.

As per industry experts, the property prices have almost increased by 50% in last eight years i.e. took a steep rise from Rs 3,500 per sq ft in 2011 to Rs 5,300 per sq ft in 2018. Also, the proposed Peripheral Ring Road (PRR) will further increase the property price in Jakkur.

Clubbing all these factors together, it can be said that Jakkur offers an ideal investment option. Moreover, seeing such an upwards trend, even real experts are projecting that the price and demand of properties in Jakkur will increase at a faster rate in the coming future.