Bangalore City has a number of prominent stretches that are in demand – for their proximity to IT hubs, potential for residential development, high-end commercial development and more.
People look to invest in property for multiple reasons – commercial gains, good appreciation levels which may lead to great returns or resale value; better connectivity to common places of interest and more. One such place that may meet all these requirements and more is that of Hosur Road.
So what exactly constitutes Hosur Road? – It extends from the end of Residency road, skirts Koramangala, Silk Board and goes all the way up to Attibele. Let’s divide it into 5 segments to understand its potential and the level of development that has already taken place.
1. The Koramangala Industrial Area:
There is little doubt about the saturation of this sector. There is not much scope for fresh development, though rentals for both commercial and residential buildings have immense potential.
2. Sections of BTM Layout:
This section, as well as the interior roads surrounding Silk Board provides some scope for development. The conversion of the Panyam Cement Factory brought in 24 acres of land for development. Several software offices opened their doors here in the recent past and this consequently led to a residential boom.
3. Bommanahalli and Bommasandra:
These sectors and everything in their radius do offer a certain level of potential for real estate development. Old industrial units spread over vast tracts of land are now being converted and there is a sudden availability of a good amount of a land in this strategically located area. Both residential and commercial development has immense potential here.
4. Electronics City:
There is no denying the popularity of the Electronics City belt. It is among the areas that heralded the IT boom in the city. In terms of real estate development, the Chadapur-Anekal-Attibele stretches are seeing a spurt in housing communities in the affordable mid-range. Recent newspaper reports talk of 4-5 lakh jobs being generated in the IT sector and Bangalore’s Electronic City will be a growth hub. This will mean a huge impetus in commercial real estate demand as well as residential. Several new projects are coming up on Hosa Road (Jail Road) with brands like Sobha, Prestige, Godrej and GM Infinity all jumping into the fray with new apartment projects in the last 6 months.
For everyone working in the Electronic City area, this is now the sector that is being looked at for residential requirements. It is gradually becoming self-sufficient and the potential for organized development is immense.
Amenities and facilities in Hosur Road
The investment potential of any place is further heightened by the kind of amenities and essential services it has in the vicinity. Considering the vast expanse that is Hosur Road, there are several medical, educational and recreational and utilitarian facilities that you may look avail of here, irrespective of where you may ultimately be located. Take a look at some of them:
- Ebenezer International School
- International Institute of Information Technology
- Treamis World School
- BTL Institute
- Bangalore College of Technology
- Sujaya School
- H Square Academy
Utilitarian and Medical Facilities
- Metro Wholesale
- Landmark Mall
- Narayana Hrudayalaya
- Sparsh Hospital
- Lemon Tree Hotel
- Dominos Pizza
- Ammi’s Biryani
- Adyar Anand Bhavan
- Neo Mall by the Patel Group is coming up in Electronic City
- Gopalan Dazzle Mall is an upcoming project in the area
A wide and mixed range
When everything seems to fall in place, your next consideration may be that of price. The vast expanse of Hosur Road does not allow for us to arrive at a fixed price for the entire stretch. A good project will command a high price and you will find a mix of projects in terms of quality right now. Due diligence when selecting a property is important.
You may be wondering about the kind of residential units available here. The demand in the sector is primarily for mid to high budget segments. The demand for high end villas and row houses is also high considering the availability of tracts of land in the area. Infrastructure is improving in the sector with several narrow roads being widened and numerous 30ft roads being converted to 60ft ones. Ground water levels are good in the area, especially from Electronic City.
Finding projects closer to the city for purchase may not really be possible. That being said, here is a look at prices around the most popular of areas – Electronic City. It has a lower price band of Rs 3000 per sqft and an upper price range of Rs 3200 per sqft. You will find a range of properties in the area across all price bands. While budget properties such as that of Sipani Bliss, Vakil Whispering Woods, Icon Laurels are available, there are numerous high end properties from brands such as Godrej, Sobha and others.
With infrastructure in terms of better roads and connectivity being looked into, the potential for investment on Hosur Road remains constant. There are several builders with a range of projects of the area, ensuring that every kind of home buyer has something to look forward to here.
Ramesh Kumar has extensive experience in real estate in a career spanning over a decade. With his critical expertise in sales and marketing, he has successfully launched and closed out projects across a complete spectrum of properties like plots, budget apartments, comfort homes as well as luxury villas.
Ramesh Kumar holds a Post Graduate Diploma in Management from Bombay University and is currently serving as the Deputy General Manager – Marketing & Sales at Vakil Housing.