Primarily, Sarjapur is an end-user driven neighbourhood, that has one thing for everybody. providing a mixture of residential inventory within the bracket of Rs 4, 500 – 5,950 per area unit, the belt caters to mid-income and high-income housing segments.
With the emergence of IT hubs in city, Sarjapur Road is successful mutually of the foremost asked for residential zones in city. Its proximity to figure area unit’s and reasonable property choices are the key stimulators to its growth. An economical Volvo public utility and accessibility through transport additionally places it high on location attractiveness index. The neighbourhood incorporates a ton additional for investors and end-users in its jar. Within the last one year, housing costs here have jumped by nearly fifteen per cent. the costs area unit expected to visualize additional hike within the time to come back. The stretch in the main offers two and three BHK Multi-Storey flats beside plots and villas.
A large chunk of housing demand for the stretch comes from end- users, particularly IT professionals attributable to its proximity to that and business hubs like Whitefield and Electronic town. Also, the offices settled on the Outer road (ORR) area unit simply accessible from Sarjapur Road.
Developers like plus Builders, Sobha Square, Sai Vandana Properties, Prabhavathi Builders Developers, Yesvee Estates have launched their comes like plus Elvira, Sai Vanadana Brundavan, Prabhavathi Royal bush, Reliaable Grevillela parallela, etc. within the space.
While the neighbourhood is cheaper as compared to Orr and Marathahalli, property costs here area unit more than those in Silk Board, Whitefield, and Electronic town.
One will get a 2bhk in Sarjapur Road for around Rs and a 3BHK for around Rs…. Most of the consumers like the neighbourhood attributable to its proximity to that hubs like Manyata school Park, ITPL, and Marathahalli that carries the population of IT professionals at massive.
“The demand for finish use is increasing day by day with due course of your time among rental yet as customer,” says Nasir Shariff of MN Realtors.
In terms of property and presence of facilities, Sarjapur Road serves the simplest to its residents as there area unit many academic institutes, hospitals, restaurants and retail stores set in shut neck of the woods like DPS, Sri Sarawati Vidya Niketan, Oakridge International college, Dommassandra Eye Care Hospital, Health and Clinic, Balaji rest home, Dommasandra stop, HP gas Bunk, atomic number 50 Provision Store, etc.
A railway line is planned to run through the belt underneath Namma railway line Phase-II. The city railway line Rail Corporation restricted (BMRCL) has already begun the development work for its 133 klick stretch of Phase-III. Property costs within the belt area unit expected to travel unconscionable post the railway line becomes operational.
3. Residential Landscape
Sarjapur Road has the utmost share of offer within the mid-income housing budget class, that is Rs 40-60 large integer. Most of the comes area unit underneath construction with a tiny low share of able to move and a negligible share of recent launches. New launches overall have born in city attributable to the snowballing unsold inventory within the town.
“The most advantageous configuration within the neighbourhood area unit 2 BHK units, followed by 3 BHK. 1 BHK units area unit the smallest amount most popular and have share a meek share within the overall offer,” says Nasir Shariff.
Low occupancy levels could be a major concern for those that reside here. “As most of the comes area unit under-construction, there area unit few residents within the space. So, security could be a very little concern there, however, it’s expected to be resolved inside a span of 2-3 years once most of the comes are prepared for possession” says Harish of Sai Sannidhi Estates.
Irregular facility has had been a perpetual civic woe within the town. “The facility could be a major concern for whole city, but, currently folks area unit terribly accustomed it and that they use water tanks for his or her demand of daily chores,” adds Shariff.