The 27 km long road extending from Majestic till Kanakapura town was called Kanakapura road. The development in Kanakapura has helped the area around this Kanakapura road to also develop. As Kanakapura Road is emerging to be a prime locality, builders are now targeting this locality to build many residential properties. Although this is a very cosmopolitan neighborhood, this is still a good option for affordable to mid-range housing choices, neighboring areas like HSR Layout offer options majorly in the upper end of the market, owing to higher rates of residential spaces there. To accommodate this population and be able to provide for their needs, the city has been expanding and developing at all ends. This has led to the development of many suburbs that were rather small and quiet. One of the major factors that is fueling this trend is its great connectivity. Major infrastructural developments like the NICE road (Bangalore-Mysore Infrastructure Corridor) improves connectivity to Electronic City, Bannerghatta Road and Mysore Road. The Peripheral Ring Road (PRR) connecting major highways (Hosur Road, Mysore Road, Old Madras Road and Tumkur Road) will also give a great push to the realty sector here. The Namma Metro here too is helping Kanakapura Road become a residential hub.
The combination of infrastructure, residential and commercial development became the biggest attraction point for the development of areas adjoining Kanakapura road. This brought in price appreciation and a sudden surge of residential property here. Kanakapura Road today is a busy segment with a number of construction activities. The present rates are pretty competitive to the other micro-markets around Bangalore and there are housing options for every budget. The proposed developments in the area, are bound to ensure good appreciation, while social and civic infrastructure in the area is also rapidly being developed. Reputed schools in Kanakapura Road include the Edify School, Jnana Sweekar Public School and Jyothy Kendriya Vidyalaya. Leading hospitals in Kanakapura Road include the Sri Sai Ram Hospital, Deepak Hospital and Aikya Speciality Clinic. Popular malls in Kanakapura Road include The Sport Mall and Mantri Arena Mall, to name a few.
Apartments and townships are now mushrooming to cater the high demand. Abundant water supply from the Cauvery River is also prompting many developers to build residential properties here. With Kanakapura Road’s close proximity to Electronic City, the location is favored by IT professionals. Second-time home buyers and the investors are now considering an investment property in Kanakapura Road as this locality looks to provide fruitful returns in the near future. The rental market seems to be at its ripe best because of its proximity to the IT parks and with infrastructure being very good. The rate per square feet prices for flats in Kanakapura Road cost Rs 4,912 to Rs 6,700. Developments like Wisteria Brigade Meadows cater to this micro-market. The proposed developments in the area, are bound to ensure good appreciation, while social infrastructure is also rapidly being developed and this will make prominent trends in the chart in a few years.