Bangalore- Popularly known as the IT capital of India is home to many professionals who want to achieve success in their career. Due to this, every year many people flock to this city to have better future prospects. Due to this the rental market of the city has got a big boost from the past few years. The realty hotspot has witnessed an increase of 4% YoY in average weighted rental prices. Scroll down and take a look at some of the preferred rental localities in Bangalore:
Kanakapura Road has become the hotspot of the city of Bangalore. Kanakapura Road originates in the city at Krishna Rao Park in Basanavagudi. It is close to J.P Nagar, Banashankari, Jayanagar and is 16 km away from M.G Road. It has a metro station. Kanakapura Road in the south of the city is one of the fastest growing localities because of its connectivity, accessibility to Electronic City and supply of Cauvery water. This is why a larger fraction of new launch projects in Bangalore are launched in this area and the neighborhood surrounding it.
Connectivity has played an important part in the growth of this area. The region is well-connected with the NICE corridor and has good metro connectivity. Kanakapura Road has become active on the real estate radar, especially in the residential sector, thanks to the infrastructure development and excellent connectivity. Location wise too this locality works for a number of reasons. Affordable land prices and water supply from Cauvery River are the two important factors for a boom in this area. [Read more…]