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Posted by There are various factors responsible for making Sarjapur Road one of the most rapidly developing regions in the eastern part of Bangalore city. It has been transformed from just a road connecting Bangalore to Sarjapur town into a region offering connectivity, employment, and amenities to enable people to lead quality lives. Are you searching for an apartment in Sarjapur Road? Are you planning to buy a new one? Whatever the reason is, there is no doubt that this is indeed a good choice for both residents and investors.
Companies such as NBR Group (NBR) have further made their residential projects in the Sarjapur Road area more attractive with planned communities that cater to the requirements of buyers. Various factors make the Sarjapur development corridor so popular among IT professionals, families, first-time homebuyers, and investors. Read this content and have the details.
How Much Have Property Prices Increased on Sarjapur Road?
The prices of real estate along Sarjapur Road have been steadily appreciating over the years. While the rate of appreciation may vary according to the micro-market, the demand for the properties remains strong due to the strategic location of the area and developments.
Properties situated in well-developed residential areas, in proximity to IT parks and facilities, usually appreciate at a faster pace than those that are farther away in the corridor. The same applies to properties near junctions, educational establishments, hospitals, and business districts.
Prospective buyers need to be careful of considering only the average price per unit of the whole corridor while purchasing a property. Understanding the local market is also essential before considering an apartment sale in Sarjapur Road. It helps understand that there could be huge variations in price rates, and it is necessary to get to know the market in the particular location.
Proximity to Major IT Corridors Is Driving Housing Demand
Easy Access to Employment Hubs
Excellent connectivity to Bangalore’s leading employment centers is one of Sarjapur Road’s biggest strengths. So, if you are planning to buy a apartment in Bangalore, it gives access to:
- Outer Ring Road
- Bellandur
- Marathahalli
- Electronic City
- Whitefield
Thousands of IT employees have a preference for living close to where they work in order not to travel far each day.
The ever-increasing trend in the expansion of offices by several companies in the vicinity is increasing the demand for housing on the part of purchasers and tenants. Employment demand is very important in driving up the prices of the apartment Sarjapur Road.
Limited Land in Established Areas Is Shifting Demand Outward
But larger plots of land for residential purposes have now become less frequent in Central Bangalore as well as in technology corridors, which are well-developed. Areas like Whitefield, Bellandur, Marathahalli, and Outer Ring Road have experienced an increase in property prices over the years.
Since property prices have now become hard to control in these well-developed zones, many customers have started looking at the Sarjapur Road area, where they can have bigger houses and well-planned residential communities.
Apartments in the Sarjapur Road area offer better amenities and pricing compared to similar apartment buildings in other parts of the city. However, variations will still exist in the micro-markets.
Buyers Are Moving Towards Premium and Gated Communities
In the current era, there is more focus on improving the quality of life than on building a home. For this reason, there is an increased demand for:
- Larger apartments
- Community villas
- Landscaping parks
- Club houses
- Security & Privacy
Real estate developers are developing high-end apartments, villas, and plotted projects according to the lifestyle of the people.
When people develop an interest in integrated projects that offer convenience and the best value for money, premium residential projects become costly. Lifestyle housing is one of the primary causes behind the increase in the value of residential property on Sarjapur Road.
Which Parts of Sarjapur Road Are Seeing Strong Growth?
Sarjapur Road is not only a single market but also has several micro-markets with many advantages.
Locations near ORR and Bellandur continue to attract costly buyers due to their proximity to IT parks. Carmelaram is an example of a good location due to improved connectivity and increased residential zones.
Dommasandra and Kodathi are examples of good locations suitable for buyers willing to invest at cheaper entry levels in view of future infrastructure developments. Sompura and Sarjapur Town are good locations suitable for investors in view of future growth prospects.
It is necessary for buyers to look into the accessibility of roads, water, infrastructural developments, approvals, schools, hospitals, and projects, instead of only the price.
Is Sarjapur Road a Good Location for Property Investment?
Various opportunities can be observed depending on whether the investor wants to make a purchase for themselves or for investment purposes.
In the case of end users, the location gives them convenient access to workplaces, educational institutions, retail areas, and medical facilities. In terms of investors, possible opportunities may include housing requirements generated by employment, development of infrastructure, development of housing projects, and development of East Bangalore.
However, poor road development in certain areas, availability of water, delayed execution of planned infrastructure, and price differences in various micro-markets also need to be considered.
Are you planning to buy an apartment in Bangalore? Remember, due diligence is important before investing.
Final Thoughts
Despite other emerging corridors having popped up, Sarjapur Road is still one of the best corridors with respect to residential development in Bangalore. Do you want to explore an apartment sale on Sarjapur Road? It is wise. The reasons behind that is job growth in the IT sector, development of metro rails, improved social infrastructure, lack of land in other locations, or high-end community demands, among others. However, the rate of development may not be the same along the corridor. Every buyer needs to take care of the legal status, accessibility, infrastructure development, locality, and habitability, not just capital appreciation.
Are you considering apartments in Sarjapur Road? Do the research first and make your choice. You can also keep faith in companies such as NBR Group (NBR) for their premium projects.