Begur Road witnesses fast paced development
In the past few months, Begur Road in Bangalore has witnessed a substantial growth in the real estate prices. The area is fast growing to be a hot property destination for the IT crowd.
The average price recorded in the area was Rs 2,942 per sq ft, an impressive increase of 21 percent since the previous quarter. The area is well connected with the major parts of the city.
Begur Road is around 7kms from Elelctronic city and around 3kms from Bommanahalli Circle, supporting the NICE corridor connecting both Hosur Main Road and Bannerghatta Road.
The reason why the area has witnessed a growth is that it is far away from the hustle and bustle of the city. It has also witnessed a growth in the high-end and mid-segment properties. Several apartments targeted at the upper mid-segment and high-end layouts have mushroomed along Begur Road.
Some of the premium layouts like that have developed in this area are Aratt Felicita, an exclusive community of lifestyle flats in BTM Extension, based on Aratt Homes,with the finest amenities, Radiant Redwood Luxury Apartment Complex and Royal Meridian, just off Begur-Road, about 2 Kms from Central Silk Board and Madiwala market.
The lowest price per sq ft quoted in this area is around Rs 2,715 per sq ft, which shows a growth of about 24 percent as compared to the last quarter and the highest price commanded in the area stands at Rs 3,169 per sq ft, primarily in the luxury layouts further off Begur Road, a growth of 18 percent for the same.
A few months ago, the price of 2bhk apartments in Begur was about Rs 1200 per sq ft to about Rs 2800 per sq ft which is an affordable price considering most of the projects are targeted at the upper mid- or the luxury segment. Prices of apartments have gone up, yet they are affordable, which is unique considering that the area is well connected and close to Electronic City.
The region has been developing continuously and so does the sectors. The real estate is also upgrading along with all the other sectors.
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