KR Puram witnesses property price hike
KR Puram, a suburb located in the eastern part of Bangalore, has witnessed an increase of 21 percent in property price in the last quarter (Oct 2012- Dec 2012), the price of affordable projects range from Rs 2,994 to about Rs 3,869 per sq ft.
KR Puram has recorded an upward trend in property prices since its inclusion as a part of the BBMP a couple of years ago. Earlier the place was constituted of broken paths, debris and bumpy roads but now the area has been transformed and the infrastructure is way better than before. Property owners who have bought land before 2011 have profited immensely.
The area is close to ITPL, Whitefield and the newly announced SEZ coming up which have a positive impact on property prices further. The area has a healthy mix of apartment complex, independent plots and gated communities. The six lane old madras road is almost completed and the Byappanahalli Metro Station has also contributed to the fast development of area.
There are 4 lakes in and around KR Puram which keeps the weather cool in the area. The Yellammappa Shetty Lake, situated just outside the eastern limits of Krishnaraja Pura, the largest lake in Bangalore. The area is surrounded by many reputed well known international schools, ICSE schools, engineering colleges and upcoming post graduate colleges and the affordable rates of apartment makes the locality extremely attractive.
The area is a mix of both old and new Bangalore. However the property price has gone up in last couple of years and it is expected to continue for some years. Some of the existing and upcoming projects include Silvana Villa Project, Prestige Tranquility Apartments,Sanctity villa project and Ombalaji Jasmines.
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