Post the implementation of RERA, GST, the Bangalore Real Estate market has now recovered from the steadiness or Dip in the sector & is now heading strongly to cater the supply & demand effectively. The residential Real Estate market is number two after the MMR (Mumbai Metropolitan Region) with regard to absorption for Q1 2018 and overall supply. Bangalore’s housing market has witnessed good growth arising from positive customer sentiments, heightened commercial activities, and upgrades to infrastructure along with higher job opportunities. Bangalore is a market-driven majorly by end-users according to experts. There is increasing demand from the flourishing IT and ITeS sector and also via the start-up scene in the city which is thriving. Top-class healthcare and educational facilities available in the city along with continual upgrades in terms of physical infrastructure are also one of the major contributors to the rise in Bangalore real estate.

Below are the Top Micro Markets in Bangalore

5. Hebbal: Located in a strategic position and in close proximity to the Bengaluru International Airport, Hebbal forms an intersection point for all the roads that lead to the airport. The marvelous infrastructure is not all that’s in Hebbal; the beautiful Hebbal Lake preserves the locality’s nature quotient. People in and around Bengaluru frequently visit the lake, where one can go boating and rejuvenate themselves for the coming week. Several residential projects are also under development in and around the locality. IT professionals, old and young, typically book these apartments so they can move closer to the technology center.

Factors attracting property seekers & investors & making it as one of the preferred locality for investment are as follows

• The Hebbal flyover connects the Outer Ring Road and the Bellary Road, which is a part of the national highway NH-7 leading to Hyderabad. The presence of the Outer Ring Road makes Hebbal accessible to other major localities in Bengaluru too.
• The primary BMTC bus stand is below the Hebbal flyover. There are Volvo and regular BMTC buses carrying passengers to other localities in the city. Apart from that, people largely resort to auto-rickshaws to travel short distances. One can hire cabs too if the travel distance is large.
• The Bengaluru International Airport is only about 30 km from Hebbal. The BIAL (Bangalore International Airport Limited) buses carry passengers from all across the city to the airport, and Hebbal is an important junction on the way.

4. Electronic City: Electronic city a pioneer in Information Technology Infrastructure Development, situated in Anekal Taluk. Electronic City lies in the southernmost outskirts of Bengaluru. Phase I lies right next to the Hosur Road, sandwiched between Phase II on its east and Phase III on its west. It consists mostly of retail hubs of electronic goods and services, with large land parcels dedicated to IT-SEZs. The development has been so extensive that the IT industry in Electronic City Phase I is completely saturated. Being Country’s largest IT/Industrial Park, Electronic City is one of the most preferred Residential Markets among Home Buyers & Investors.

While the Area offers best Infrastructure set up, below USP’s are major contributors in high demand leading to a spike in Realty prices.

• Approximately 200 IT/ITES Companies including Infosys, Wipro, TCS, HCL, Tech Mahindra, Biocon etc. located within the Locality.
• Operational Heli Taxi Service between Kempegowda International Airport and Electronic City.
• Planned Namma Metro Phase-2 (R V Road – Bommasandra) to be completed by 2022.
• The four-lane mixed corridor elevated highway from Silk Board Junction to Electronic City
• The NICE Road connects Electronic City to other key areas in the west of Bangaluru like Bannerghatta Road, Mysore Road, Kanakapura Road and Tumkur Road. This is a 63-km 6-lane access controlled tollway.

3. Marathahalli: Located in southeastern part of Bangalore, Marathahalli lies adjacent to the old airport on HAL. It has Doddenakundi to its north, Kundalahalli, and Brookefield to its east and Kadubeesanahalli on the south. From a far-off suburb in the east of Bangalore to one of the well-established Retail Zone & Realty Hub, Marathahalli has witnessed a huge change over time. As an outcome of IT Boom & proximity to Commercial Hubs such as Whitefield, Electronic City, HAL Airport, Retail Development & Affordable pricing have been the key contributors to its growth. Residential project-wise, the real estate market in Marathahalli is booming. Because of its proximity to the IT hubs like ITPL, Sarjapur-ORR, and Whitefield, many IT professionals working in these places choose the locality of Marathahalli to rent or buy apartments. Average capital prices in Marathahalli ranges between Rs. 4473 to 5129.5 per Sq ft., making it a hot option to invest for the end users & investors.

• With its emergence as a self-sufficient township, a large number of flats and IT companies have also come up in the area.
• Some important shopping centers are Kalmandir, Nalli, Max Fashion, Puma, The first multiplex in Bengaluru, Innovative Multiplex is located here
• Easy accessibility to Whitefield, Silk Board, Bellandur, Electronic City & HAL.

2. Hosur Road: Hosur Road is a lengthy and efficacious four to eight-lane highway running through the National Highway 7. Beginning at the Vellara Junction on Richmond Road, it winds through Koramangala and Silk Board and runs all the way up to the border town of Attibele in the Krishnagiri district of Tamil Nadu. The ‘villages’ of Bommanahalli, Hebbagodi, Singasandra, Chandapura, and Attibele which once held the status of out-skirt suburbs, now fall within the developing belt of Hosur Road, bringing in growth, movement, and progress to these areas. The growth of Electronic City as a large IT hub within the city led to the development of Hosur Road as well, creating a brand new and highly equipped residential and commercial market. Although this area initially targeted professionals working in the IT/ITeS industry, its affordable property rates, continued development of infrastructure, and great connectivity has attracted hordes of people from a multitude of professions

Connectivity and Transit Points

• Hosur Road lies close to Baiyappanahalli, the terminal point on the east-west corridor of the Namma Metro, allowing for arrival at prime destinations like Indira Nagar and M.G. Road within minutes.
• Bangalore City Junction, the main railway station in Bangalore, lies 9 km away and is accessible via auto rickshaw or taxi services.
• The Kempegowda International Airport is approximately 40 km away from Hosur Road (Vellara Junction), and is easily accessible via KIA buses, with the frequency of half an hour.

1. Sarjapur Road: Sarjapur Road is situated strategically in southeastern Bangalore and links to Madivala from Sarjapur. This locality has witnessed considerable development and has found favor with IT professionals working in major zones like Electronic City, Whitefield, and Marathahalli. The area is home to the Market Square Mall along with several hypermarkets and supermarkets like the More Supermarket, Spencer’s Hypermarket and Families Hypermarket. There are several stores here including Looking Good Furniture, MegaMart, and Adidas. Several reputed educational institutions including the Delhi Public School, Indus International School, Swiss Graduate School of Management, Bangalore Technological Institute and the ISME-International School of Management Excellence are located in Sarjapur Road Locality.

Connectivity and Transit Points

• The Sarjapur Road offers great connectivity to places like Whitefield, Koramangala, Electronic City, Marathahalli, Outer Ring Road and Silk Board. The Hosur/Haralur/Chandapura Roads offer great connectivity to the Electronic City IT hub.
• The Kempegowda International Airport is located 52 kilometers away and can be accessed via the Outer Ring Road and also the Hyderabad-Bangalore Highway.
• The nearest railway station is located only a kilometer away and is the Carmelaram railway station.

*Ave. SBA Price represents Average Super Built-up Area Price i.e. Rs. Per Sq. Ft.

Some of the Newly Launched Projects in Bangalore are ATZ Areva, V Venture Abode, Aswani Vamani, Sowparnika Pranathi, Arvind Oasis, Purvi Khosala, Ambiant The Infiniti