The ever-changing demographics of Bangalore have highly influenced the overall real estate market of Bangalore. The following post explores the real estate market of Bangalore with special reference to East Bangalore.
Bangalore’s property market has become extremely popular over the past few years. If a luxury apartment would come at a price of INR 1 crore three years back, today the price is almost double. So it goes without saying that Bangalore is a safe option for real estate investments. The city’s property market has recorded a huge appreciation in the true sense of the term. Clubbed with this, the government’s initiative to further boost the development of the city has attributed largely to the growth of the overall property market of Bangalore.
East Bangalore—a region quite prominent in the map, however, appeared a little late in the realproperty market of Bangalore. Bangalore east is a comparatively developing zone, and comprises localities like Sarjapur Road, Whitefield, Ramamurthy, Horamavu, HSR Layout, KR Puram and CB Raman Nagar. These potential micro-markets have witnessed a lot of development in the recent past.
New Launches in East Bangalore
Several new residential launches are adorning the skyline of East Bangalore. Among them Trifecta Esplanade at Whitefield is definitely worth mentioning. Developed byTrifecta Projects, Trifecta Esplanadeis a promising new residential project that is all set to redefine the skyline of east Bangalore. Offering 3BHK apartments,Trifecta Esplanademakes for grand lifestyle living. Amenities that one can find within Trifecta Esplanade include
Clubhouse with all facilities
Power Back up/Car Parking/ Lifts
What Makes Bangalore East a Top Destination?
Direct positive impact of infrastructure on real estate has long been proven. The same is applicable for Bangalore East. Bangalore East has developed into a robust region boasting of a good mix of residential, commercial and retail real estate.
The real estate of the region is developing with a rapid pace and all the neighbourhoods of East Bangalore now stand pretty well-connected with the rest of the city. Outer Ring Road, Old Madras Road and the Namma Metro line developing has reshaped the real estate sector of East Bangalore to a great extent.
Moreover, as the economy expanded, Bangalore’s transformation was also extremely evident. In the recent past East Bangalore has witnessed the development of the following structures:
Bangalore Namma Metro Phase I
The Madivala Electronics City Flyover
Outer Ring Road (ORR) that connects Whitefield and Electronics City
Another major factor for the growth of the real property market is the IT/ITeS sector. The IT sector has been driving the overall property market of Bangalore to a great extent. Eastern Bangalore is no exception. Whitefield is a prominent IT hub of the city, again located in East Bangalore. Therefore, on a final note, it can be said that east Bangalore makes for an excellent destination for real estate investment.
Arvind Mishra – I am a full
time real estate enthusiast always ready to help people with their property
queries. I am a consultant for many property firms and my insights into the
market trend have always been well received by the Indian property gurus.