Nagawara: One-stop destination for home buyers
Nagawara in North Bangalore is first developing as a one-stop destination for property buyers. The area is becoming popular as it is close to many schools, IT companies and hospitals.
In Nagawara, the price of multi-storey apartments has seen an upward trend by 20 percent in October-December 2012 quarter. Presently, the sale price of multi-storey apartments in Nagawara have increased by 10 lakhs. The area is peaceful with good security measures and is well connected and has ample parking space.
Nagawara is becoming popular as an IT hub and is also attracting IT professionals. The area is just 30 minutes away from airport, it is also near to the railway station and Ring Road. Nagawara is close to offices like IBN software, BHEL, Manyata Tech Park and many other MNC offices, which is making it a hot locality.
Lumbini Gardens is a famous tourist attraction and Karle Technology Park is expected to come here soon. 1, 2 and 3 BHK apartments are having more demand. The cost of 1 BHK apartment in 600-800 square feet area is Rs 30-40 lakh, for 2 BHK in 1100-1200 square feet area will cost around Rs 50-60 lakh. Whereas, a 3 BHK flat in 1500-1600 square feet area cost around Rs 70-80 lakh.
Mostly, IT professionals and businessmen are buying properties in this area. The user-investor ratio is 75:25. Shobha Developers has a lot of under construction projects in this area.
Paras Group, Bangalore’s fast growing real estate company, is coming up with their new residential project Paras Manyata (Phase I) at Rachanahalli, behind Manyata Tech Park, Nagwara, comprising of 92 apartments. The project offers 2 and 3 BHK apartments and the price falls in the range of Rs 44 lakh to Rs 69 lakh.
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