Property prices in Nagawara witnesses hike
Nagawara in North Bangalore is fast developing as a one-stop destination for property buyers.
The area is becoming popular as it is close to many schools, IT companies, hospitals and good connectivity. In the Oct- Dec 2012 quarter, the area has witnessed a capital appreciation of almost 20 percent.
The second phase of metro route between Gottigere-IIMB and Nagawara is expected to push the property prices in the area. Once the metro construction is completed, Nagawara will have one of the most flourishing realty markets. In the coming one year, the area is expected an appreciation by 30-40 percent.
The demand for residential properties is increasing because of the close proximity to the Manyata Tech Park and the increasing number of IT companies. The IT professionals are looking for 2 and 3 BHK apartments due to their small family sizes.
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.
The price of 2 and 3 BHK apartments in Nagawara range from Rs 2,500 to Rs 4,000 per sq ft depending upon the amenities provided and builder. The sizes of these apartments range from 900-1500 sq ft. Nagawara offers properties in the range of Rs 50- 70 lakh.
Many well known developers like Bhartiya City developers, Monarch Group and Shobha Developers have entered the realty market in and around Nagawara, offering almost 2500 housing units.
Not only end users but investors too are attracted to the locality. Nagawara has good future prospects and it is an ideal place for those who are planning for long term investment.
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