Bangalore has always been consistent in the residential market growth when compared to other metropolitan cities in the country. The high demand for real estate in Bangalore is not only driven by development activities, but it is also driven by the large migrant population who shift their base to Bangalore for employment opportunities.
Located in the south eastern part of Bangalore, Sarjapur Road is one among the renowned areas that have high demand for residential projects. It is a 20 kilometre stretch that connects Sarjapur with Madivala in Bangalore. This most-sought after residential hub in Bangalore grasps the attention of many investors owing to job opportunities in nearby IT corridors, easy connectivity, improved infrastructure and more. These are the driving factors that had a positive impact on different segments of the Bangalore real estate market, as well.
Proximity to IT hub
Sarjapur Road is located along the Outer Ring Road, making easy connectivity to IT corridors. Located very near to IT hub, this road makes a suitable residential area for people who work in IT companies and look for affordable houses to live near their work place. With more than 2 lakh employees working in the Outer Ring Road (Sarjapur-Marathahalli-Hebbal belt), Sarjapur Road has become very busy and highly populated as well. This locality witnesses growth in commercial and residential sector, good connectivity, proximity to catchment areas, all other basic USPs to attract potential home buyers. Though there are various other well-developed areas around the IT corridor, Sarjapur always has an extra demand among people due to its affordable factor.
People prefer to buy land or flats in the outskirts of the city only if it is well connected to other areas of the city especially if it offers easy connectivity to nearby IT corridors. Sarjapur Road in Bangalore satisfies this requirement for home buyers as most of the IT hubs around this area are easily accessible. You can reach the IT corridor in Electronic city from here though the Hosur Road, Chandapura Road or Haralur Road. Moreover it is also connected to other area such as Koramangala, Whitefield, Marathahalli, Electronics City, Silk Board, and Outer Ring Road through well-connected roads.
Increasing Housing Demand
As its counterpart areas such as Whitefield, Marathahalli, Electronics City and Outer Ring Road are already saturated, people are forced to move towards Sarjapur Road to buy residential properties. Most of the residential supply from Bangalore is mainly concentrated in Sarjapur Road, Haralur Road and Gunjur to meet such a high demand from end users. With a constant growth and infrastructural development, Sarjapur Road will never fail to meet the high number of demand for residential properties.
Affordability is the key reason behind the rapid real estate development in Sarjapur Road. When compared to the areas surrounding this locality, the capital values of flats for sale in Sarjapur Road are considerably lesser and affordable to middle income group people. Also, large land parcels are available in this area for sale at reasonable prices allowing investors to launch several new projects at affordable rates. Thus, a home buyer can find several budget flats or villas in Sarjapur and other major localities along the stretch.