The Changing Face of South Bangalore

July 11th, 2017

Property in Bangalore

South Bangalore vs North Bangalore is a debate that never seems to reach a conclusion. While North may boast of the International Airport, the South is not far behind with its robust infrastructure facilities and the old-world charm of the city.

Paul Goldberger, an American architectural critic once said, “Infrastructure creates the form of a city and enables life to go on in a city, in a certain way.” Truly, the way infrastructure can catalyse the real estate growth of any region is nothing short of remarkable.

About two decades ago, South Bangalore was synonymous with old residential neighbourhoods and broad roads with trees adorning the lanes. Several traditional shopping centres and old factories could also be spotted back then. Today, however, the region displays a completely transformed landscape with huge residential catchments. Due to the establishment of IT corridors and manufacturing belts coupled with several infra upgrades, it did not take long for micro-markets in the southern region to become bourgeoning residential hotspots. With high demand from the tech professionals in the area, several residential areas sprouted over the last few years.

And with the Metro chugging into the south, localities in the region will now be well-connected with the CBD areas as well as the outskirts.

So, let’s delve deeper into the growth journey of South Bangalore realty market.

Constantly Improving Infrastructure

Both, physical and social Infrastructure in South Bangalore have seen constant upgrades over the last few years. These include:

NICE Road: The NICE Road, which was designed to connect Bangalore and Mysore, has helped denizens to travel effortlessly through the peripheral areas in the south and west via Tumkur Road (NH4), Magadi Road, Mysore Road, the 9-km link road connecting the city centre to the NICE Ring Road, Kanakapura Road, Bannerghatta Road, and Hosur Road near Electronic City.

Hosur Road: The 10-km Hosur Road Elevated Expressway connects micro-markets from Madivala right up to Electronic City.

Outer Ring Road (ORR): The signal-free ORR has connected the southern part of the city with the east and the north, linking the IT hubs and the international airport.

Namma Metro: The Green Line section of Namma Metro, connecting Mantri Square Sampige Road and Yelachenahalli, was recently thrown open to public. This 12-km stretch will bring South Bangaloreans on board and will also allow commuters on the north-south and east-west corridors to switch lines at the Kempegowda-Majestic Interchange.

On the Anvil

Cauvery Water: The proposed Cauvery Water Supply Phase 3 project will ensure water supply to the region, a major problem faced by the fast-moving markets in the city.

Airport: Under the UDAN Scheme, Tamil Nadu government is planning to build a domestic airport in Hosur Aerodrome. If this becomes a reality, then residents of South and South-Central Bangalore will just take about half an hour to commute from Electronic City to Hosur, as opposed to the two-hour to Devanahalli.

IT/ITeS & Manufacturing Hub

  • Traditionally home to several manufacturing industries, South Bangalore gained prominence with the setup of its first MNC in Electronic City. Developed back in 1978 by KEONICS, Electronic City is one of the most popular IT/ITeS hubs in the city. In fact, the credit for the epithet of Silicon Valley of Indiato Bangalore largely be attributed to this 580-acre IT Park.
  • As NICE Road allows people to bypass the city traffic, it has seen active interest from IT companies who are setting up their offices around the nodes. Around PES Institute of Technology, companies such as Bosch and HP along with Velankani Tech Park have established their presence.
  • Mysore Road being a major manufacturing hub has also catalysed the demand for affordable projects in the satellite town of Kengeri.

Appreciation Potential
Due to realistic property prices, the appreciation potential of South Bangalore is relatively higher than its counterparts. Also, the continuous addition to infrastructure will provide impetus this market in coming years. For instance, there has been an approximate 40% rise over the last six years as per several market reports.

Projects Galore

All these developments have increased the focus on South Bangalore, with leading developers launching their projects, especially along the Mysore Road, Kanakapura Road, and Banashankari. From unspoilt beauty of the forest to a sports-themed project, SOBHA .is building not just projects but homes that transform lives of people aspiring world-class amenities.

Top Three Markets in South Bangalore

Kanakapura Road

From a sleepy stretch to a residential hotspot, the metamorphosis of Kanakapura Road can be attributed to the NICE Road and Peripheral Ring Road (PRR). The stretch enjoys seamless connectivity to central areas of Bangalore, Mysore Road and Bannerghatta Road.

It also boasts of several eminent educational institutions including International Institute of Aerospace Engineering and Management, CREST, among others. Buoyed by these factors, renowned developers like SOBHA have launched a few projects along the stretch including Forest View, and The Park & The Plaza.

Hosur Road

Another stretch that has carved a niche for itself in the southern region is Hosur Road. The presence of several IT/ITeS companies have attracted developers to launch their projects along the stretch. For instance, SOBHA launched Silicon Oasis, which boasts of 4 acres of uninterrupted green space with units comprising home automation, luxury fixtures and latest amenities.

Mysore Road

The growth story of South Bangalore is incomplete without Mysore Road. Proximity to various educational institutions coupled with industrial developments, and excellent connectivity from ORR and NICE Road have worked well in the favour of this stretch.

While there are several areas that fall along this road, Banashankari is quite popular being one of the oldest in the city. A residential project that is doing the rounds here is SOBHA Heritage. A Juliet window to gaze from, gorgeous gazebos, a cascading pool, lobbies done in the baroque, rococo, and neo-classical styles can truly be considered as the pinnacle of luxury living.

SOBHA Clovelly is another project in the vicinity (Uttarahalli) that is making headlines for boutique living concept in the city. Decked with plush amenities, the project promises amazing view and complete privacy to its residents.

 

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