The Hoskote-Malur Road has residential options such as villas, apartments and plots. The active localities in this corridor are Kolathur, Haralur and MBT Road. The current price for residential projects here is in the range of Rs 2,500-4,000 per sq ft.
The real estate market is doing good in the peripheral locations around Hoskote because of the proximity to the airport, IT/ITeS hubs on Old Madras Road, Whitefield, and commercial development in the north-east quadrant of the Outer Ring Road (ORR).
The major belt in this region are the Hoskote-Malur belt, Hoskote-Chintamani belt, Hoskote-Kadugodi-Whitefield belt and Hoskote-K R Puram belt.
Hoskote Road belt is into focus because of the proximity to the IT hub of Whitefield, up-gradation of Old Madras Road and affordable priced residential options. Moreover, it is accessible from Whitefield and Marathahalli. This has opened up demand from corporate employees too.
One of my friend is planning to invest in this area but he is staying in abroad so he want to buy a property through me. What will be the price of an apartment in this locality?
According to sources, Hoskote Road has 2 & 3 bhk configurations. Size ranges are 900-1,200 sqft and 1,200-1,500 sqft respectively with prices ranging between Rs 35-75 lakhs approximately.
The tremendous growth experienced over the last three years has led to an increase in property prices. Experts cite that there has been an appreciation of about 40 per cent year on year.
Prices in Hoskote were approximately Rs 4,100 per sq. ft. in January 2014 which rose to Rs 4125 in February and in March it was Rs 4,115 per sq. ft. It considerably fell to Rs 3,830 in April. During May, post elections, prices appreciated to Rs 3885 per sq.ft. Hence forth, prices have been on the rise, even though marginally
Currently, the town is well-connected to Bangalore by buses. The government also inaugurated a BMTC bus depot in the locality recently. The nearest railway stations to the area are Krishnarajapuram and Whitefield railway stations. Further, the town also houses a reputed medical college. And research institute known as the MVJ Medical College & Research center.
Major factors that led to the growth of the town include:
1. Proximity to Bangalore City.
2. Commercial and Industrial Developments along major roads passing through the region.
3. Good Connectivity with Bangalore and other cities.
- Two National Highways pass through this town. NH-4, connecting Bangalore to Chennai and NH-207 that
passes through the town on the Western side.
- Satellite Town Ring Road (STRR) connects Hoskote to 9 other satellite towns namely Devanahalli,
Doddaballapur, Dabaspet, Ramanagaram, Kanakpura, Anekal and Sarjapura.
- Intermediate Ring Road is proposed within the STRR for connecting the locality and the other towns around
Bangalore.
- Industrial developments by KIADB, public and private sectors.
Hoskote is witnessing the development of a mixed range of housing. Plotted developments as well as mid-range housing are available here. Even the development of the industrial corridor is also pushing this locality as a prominent residential catchment. :)
Localities like Budigere Cross, Hoskote and its surrounding areas where land parcel is still available at a lower rates are seeing the development of residential layouts. The factor that make Hoskote an idea satellite town is because of the up gradation of the Hoskote-Chintamani Road, rail link between Whitefield and Kolar with a station at Narsapur, road to Devanahalli and the international airport, as well as the BangaloreChennai Infrastructure Corridor connecting Hoskote via Malur up to Chennai.
Another reason for rise in residential values is Narasapura in Kolar district, which is at a distance of 20 km from Neo Bangalore. This area is known as the auto hub of the state and houses Volvo and Honda factories and will soon have many more auto brands.
Hoskote, an area in Bangalore which holds great promises and expectations. There are various reason why Hoskote is becoming one of the hot spots. One of the main reasons why people want to stay in this area is because it is well planned and has good infrastructure.
Hoskote is the new hot spot in Bangalore. Neo Bangalore is all about a planned township, world class connectivity with established industries coming in.
A six lane Super highway is being developed all the way to Sri Perambudur that will reduce the travelling time between the two cities. Hoskote is well connected to important parts of Bangalore. It is a quick drive from the Bangalore International Airport, Byappanahalli Metro Station and the K.R. Puram Railway Station. The BAIL is 30 drive away as Budigere Road connects Hoskote and railway station is just 20 minutes away.
The Karnataka Industrial Areas Development Board has seen a high demand for the 685 acre industrial belt of Narsapur in Hoskote. Many big companies’ factories are already there and many of them are said to be getting their new address here. Around 468 Japanese have set up their store along the Bangalore-Chennai belt and Hoskote is the starting point of the corridor.
The government of Karnataka is having great plans for the area which includes an exclusively designed Special Economic Zone, SEZ, for electronics hardware and IT at Bagur. The Aero IT SEZ is already under development at Budigere and promises to create employment for almost 98,000 people.
Hoskote aka Neo Bangalore is witnessing high real estate activity. The land prices increased by 80 percent in this area. The area is located on the Bangalore-Chennai highway NH 4 which comes under the limits of the main city.
The land value in this area has seen almost 80 percent of appreciation in the last one year. The plots that were sold earlier at Rs 1,000 per sq ft a year ago now they are available for Rs 1,800 per sq ft. The infrastructure initiatives have impacted the real estate values in the locality.
Bangalore is one of the fastest growing cities in India and several new developments are happening in the city. Neo Bangalore is one of new developments coming up in Hoskote, Bangalore. The proposed Satellite Township Ring Road (STRR) covering 284 km will connect Hoskote with important satellite towns around Bangalore. The Intermediate Ring Road (IRR) covering 188 km, also connects Hoskote to the rest of Bangalore. The property price in this area has increased because of the tremendous growth experienced in the last three years. The year-on-year increase of prices is said to be about 30%.
Hoskote, an area in Bangalore which holds great promises and expectations. It is not a place where time will stand still. It is about a great ambiance, good infrastructure and fantastic connectivity. Recently, the government has inaugurated a BMTC bus depot which was built for Rs 4.70 crores. A new integrated satellite township with proper infrastructure has been put in place. Good road planning has taken a precedent over here.