Sarjapur Road in South East Bangalore is recognized as one of Bangalore’s major business hubs. With the presence of large companies such as Wipro and Infosys one of which established a 3000 people strong campus and the other an IT Special Economic Zone in the region, its full steam ahead for this part of Bangalore.
Due to excellent connectivity with other parts of the city such as Electronic City and Whitefield as well as the presence of good malls and schools near Sarjapur Road, the location is touted as the next top residential hub of the city. Flats in Bangalore at Sarjapur have appreciated by nearly 14% over the past 3 years, the growth in the price of apartments located at Sarjapur over this time period has been steady and consistent.
This price appreciation at Sarjapur may indicate the desirability of Sarjapur as a prime destination for many upcoming projects in Bangalore as well as provide a glimpse into the mindset of the homebuyer and his or her appeal towards Sarjapur as an attractive destination at which to own a home. In the consumer’s mind owning a home at Sarjapur has great appeal as there is no shortage of excellent social infrastructure in the vicinity and the easy commute to other important parts of the city such as Electronic City.
What may be leading to demand for flats in Bangalore at Sarjapur Road is the need for housing by young IT professionals who enjoy the location premium provided by a home at Sarjapur Road, such a home provides easy connectivity to the IT corridor greatly reducing the daily commute for workers employed in the IT sector.
A great deal of the demand for housing at locations such as Sarjapur Road is for budget homes priced between 40 to 60 lakhs of which there are several developments in Sarjapur Road. There are number of developments at Sarjapur Road where apartments are priced between 40 lakhs and 60 lakhs and the locality also offers consumers the option to own a 1300 square foot 3 BHK flat for less than 30 lakhs. Buyers who are interested in 2 BHK flats in Bangalore should have no difficulty in house hunting for them at Sarjapur Road.
Despite the appeal of Sarjapur Road as a destination for budget homes, it’s the luxury segment which actually makes up the bulk of the available housing at Sarjapur. A 2000 square foot 3 bedroom flat at Sarjapur could be yours for 1.5 crores; similarly you can be the owner of a 4 bedroom 2400 square foot flat at Sarjapur Road for less than 2 crores. The price of luxury apartments in Bangalore at Sarjapur overlaps with what may be considered budget housing at other cities and hubs, yet homes ranging from 1 crore to 1.5 crore rupees at Bangalore may or may not fall into the luxury segment depending upon the location of the development. At Sarjapur Road such properties may be classified as luxury housing or even budget homes.
It may be said that real estate in Sarjapur has a bright future ahead as the preferred residence for Bangalore’s IT workforce.