Conveniently located south of Silicon Valley in Bangalore, Kanakapura Road has grown from a lush green jungle to one of the city’s most coveted localities. Being a clean and green suburban area of Bangalore, the locality has secured a spot on its real estate radar due to its good connectivity features. It is bordered by lakes and green landscapes and offers a better standard of living for residents. Soon after realizing its importance as a good residential area, Kanakapura Road Bangalore projects began to proliferate, first in the central areas and later on the outskirts. Infrastructure and connectivity work in favor of location.
INFRASTRUCTURE
Due to good physical and social infrastructure, the demand for an apartment for sale 1 BHK at Kanakapura Road started accelerating a decade ago. Its serene neighborhood is surrounded by world-class architecture, some already completed and others under construction. It is mainly considered as a leisure destination for those who live in the posh southern district of Bangalore. Disneyland is going to be developed in the city and several other theme parks will also be developed. There are plenty of social amenities to support a busy urban lifestyle.
CONNECTIVITY
The locality is connected by Kanakapura Road which connects the central parts of Bangalore with its uptown areas in the south and the CBD. The NICE ring road also crosses its localities by connecting it to the West and to the East. The upcoming metro connectivity will amplify the connectivity status of the city. It is an accepted fact that when a locality’s connectivity characteristics are improved, its real estate market flourishes. Launching of so many projects in Kanakapura Road Bangalore can be attributed to this factor. The Bangalore-Mysore infrastructure corridor project is another important point to consider.
REAL ESTATE SCENARIO
Offering a cultural, spiritual, educational and tranquil lifestyle in Bangalore, Kanakapura Road has left its mark on the real estate landscape of the city. It has a thriving real estate market with 1 BHK, 2 BHK and 3 BHK in the form of apartments and independent development. 1 BHK Apartment for Sale at Kanakapura Road receives the highest demand from young professionals for end use and investment purposes. The average property price in Kanakapura Road is Rs 5,315 per square foot. Since the locality also has a healthy rental market, a number of buyers have put their homes up for rent.
Due to its improved infrastructure, commercial real estate will also enjoy good appreciation in the coming times. Metro connectivity will further drive demand. Its proximity to the important centers of Bangalore makes it an ideal place to invest. Real estate prices have been steadily appreciating over the past five years and trends are expected to remain the same for some time.