Arekere offers wide range of properties
Arekere in Bangalore has witnessed 75 percent of appreciation in capital values in the January-March 2013 quarter. The area offers property for all kinds of home buyers. The price of a 2 BHK apartment in this area is in the range of Rs 30 to 80 lakh.
What is the reason for price appreciation in this area?
Arekere is located on the Bannerghatta Road in South Bangalore and the area has started developing very fast since 2000 because of the establishment of large number of IT and BPO companies.
Some of the well developed residential areas in Arekere are Arekere Mico Layout which is a BDA layout and Pandurangnagar which is just adjacent to Mico layout.
The area is close to all the required facilities and is well connected to other parts of the city. It is around 12 and 11 kms from Electronic City and MG Road respectively. The facilities such as daily grocery shopping marts, banks and ATMs are also available within a kilometer radius.
As the area is close to high-end hospitals, educational institutions and shopping malls, which makes it a preferred area by professionals working in corporate houses and software companies.
According to industry experts, the area is not only witnessing high demand for residential property but for commercial and retail properties too.
If sources are to be believed than about 55 properties are available for sale in this area.
This locality houses some prominent apartment complexes such as are Vijaya Bank Enclave, Syndicate Bank Colony, Mantri Paradise, Mantri Woodlands, L&T Southcity, Meenakshi Residency, Meenakshi Mangalam, Mantri Residency, Shantiniketan and Aspenwood Apartments.
Click here for related forum discussion
Related real Estate News:
Hoskote emerges as promising residential destination
Begur Road witnesses 75% growth in residential values
Apartments in Bangalore, Arekere, Bangalore, Bangalore Real Estate, projects in Arekere, properties in Arekere, properties in Bangalore, residential apartments arekere, residential properties bangalore, Residential property, Residential real estate
