May 27, 2014

About Locality & Project of Hosur road, Bangalore

Project of Hosur road, Bangalore
Being an IT hub along with offering good connectivity to the surrounded important places, Hosur Road has been on top of the property investors’ list. It is close to Madivala, BTM Layout 2nd Stage, BTM, Bommanahalli, and Koramangala. The IT boom in Bangalore has facilitated real estate market grow intensely at all IT centers of the city. Hosur Road is a part of NH-7, which consists of many industrial and IT business houses. Electronic City is the most famous IT industrial park for which Hosur Road is world over known.

It is among the hottest property investment markets like Whitefield, Sarjapur Road, Outer Ring Road (ORR), Bannerghatta Road, and so on. Despite the skyrocketing property rates, demand for both residential and commercial properties remains high in this area. Hosur Road is on 46 Km distance from Bangalore International Airport. Owing to good connectivity to office destinations, all important places, and improved infrastructure; residential demand especially from IT employees is high on Hosur Road.

Connectivity of the Locality:

Real estate Hosur road, Bangalore


Hosur Road is located at four-eight lanes NH-7, which connects it with all nearby areas easily. To ease the traffic on this road, National Highways Authority of India has built a 10-kilometer-long elevated highway from Madiwala and Electronics City. To make this arterial road signal free, Bruhat Bengaluru Mahanagara Palike and Bangalore Development Authority have also planned a series of flyovers and underpasses. Moreover, construction of peripheral roads e.g. Nandi Corridor, Hosa road are under construction to give hassle free accessibility towards the Electronic City.

Property availability chart of Hosur road, Bangalore:
Availability of Residential Units as per Unit Type



Supply of 2 BHK apartments at Hosur road Road is 41% of the total supply. Whereas, there is 34% supply of 3 BHK apartments and supply of 1 BHK apartments is 17%. Whereas, sSupply of more than 3 BHK apartments is 8%.

Property availability as per area :




Apartments covering 1000-1500 square feet area have 61% property availability and less than 1000 square feet have 4% property availability at Hosur Road. While, there is 27% property availability of apartments that cover 1500-2000 square feet. Flats spread over more than 2000 square feet have lesser availability that includess 8% only.

Property availability as per budget:



Above graph gives the information regarding property availability according to the budget of home buyers. Availability of properties ranging between Rs.20 to 50 lakh is 43%. Apartments between the ranges of Rs. 50 lac  to 100 lakh have 15% units. Whereas, there are 40% flats that range from Rs. 10 to 20 lakh. In addition, flats less than Rs. 10 lakh have only 1% availability.  

Price Trend in Hosur Road


2011 (Price range)
Locality
Min
Max
Avg
Q-Q change
Hosur Road
2170
4800
3485
1%

                      

Fig 4: As compared to the year 2009, Hosur Road has witnessed appreciation in property prices in 2010 and 2011. Average residential property price in 2009 was about Rs. 3343 per square feetSq.ft., which increased to Rs. 3493 per square feetSq.ft. in 2010 and Rs. 3458 square feetSq.ft in 2011 respectively. The tremendous down in property prices over the past two years is 1 percent. 

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