Kanakapura: A hot residential destination
Kanakapura road has become a prime hub for real estate development since last 2-3 years. Kanakapura road is also expected to receive a massive boost in the coming years that are coming up in the area.
Iskcon, has bought a 28 acre hillock for Rs 23 crores at a public auction Disneyland-like 4D technology driven Krishna Lila Park and will transform the tourist potential of Bangalore. The construction work on the theme park was expected to begin in mid-2012 and will get completed by 2016-17 . The estimated cost is around Rs 350 crore. This will again impact the real estate market.
The residential real estate activity along Kanakapura Road is expected to rapidly expand with the arrival of Metro Rail network. Now an acre of land in the area is running at Rs 9-10 crore which is expected to rise by 10% to 15% in the next five years
Most of the project on Kanakapura Road are integrated townships, which are attracting senior citizens as well as young working population. The place once known as a village is now witnessing a sudden sprouting of exclusive enclave and tall multistory apartments.
Connectivity:
Kanakapura Road has great connectivity to Electronic City, Hosur and Sarjapur. Apart from these, the place also have a close proximity to Jayanagar and JP Nagar. BMTC bus services are there. In future, the connectivity will improve with Metro in place.
Price trends:
Kanakapura Road is one the prominent localities in Bangalore The price per sq. ft. was Rs 3846 in Oct- Dec 2012 quarter that reached up to Rs 4395 with appreciation of 10 in the first quarter of 2013. In July- September quarter, 2012, Kanakapura Road have witnessed 12 percent rise in the rental values.
Projects in Kanakpura Road:
Some of the ongoing projects in Kanakapura Road are Mantri Royale, H L Villas, Dhammanagi Leaves, Karishma Hills and The Wood Rose. The price of the apartments in this area ranges from Rs 45 lakhs to Rs 3.50 crores.
Building typologies:
The area offers 2, 3 and 4 BHK apartments, villas and different size of plots. Key developers are Brigade Group, DS Max Properties, Shobha Developers, Sunil Mantri Realty Limited, Nitesh Estates and Puravankara Projects Limited
Social Infrastructure:
The road is a home to educational institutes like Oxford Senior Secondary School. RV Dental College, Surana College, The National Degree College are some of the educational institution in this area. Hospitals like Prabha Eye Clinic and Research Center, EPMC’s women’s clinic & surgery, Sagar Clinic are there.
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