Property prices restore in Begur Road
In the last couple of months, the property value in Begur Road have gone up tremendously. The area has witnessed a steep fall in rates in the quarter July- Sep 2012, but in the last couple of months, the prices restored to an average of about Rs. 2942 per sq ft.
The highest price reported in the quarter Oct-Dec 2012 was Rs. 3169 per sq ft. Begur road is located far away from the hustle and bustle yet close to MNC’s like Wipro, Infosys, Siemens, Bhel and 3M.
Today, Begur road is one of the developing localities in Bangalore, which is close to Hosur Road, Bommanahalli and Bannerghata Road. It is about 3 kms from Bommanahalli Circle and 7 KM from Electronics City.
Many news projects are coming up in this locality which includes projects like of SNN Raj Serenity, Nitesh Hyde Park and DLF Westend Heights. The area is close to Meenakshi Mall in Bannerghatta Road.
IT and government officials target the layouts like Royal Meridian, off Begur Road, about 2 Kms from Central Silk Board and Madiwala market and Aratt Felicita lifestyle flats at Begur BTM Extension as they prefer to stay in individual residential homes. These layouts are well maintained with properly lit roads.
Community lifestyle encouraged by the different layouts makes the area different from other areas. There are some developers targeting the mid segment market, the number of lifestyle constructions outnumber the Rs. 35 Lakh to Rs. 40 Lakh segment.
The region has been developing continuously and so does the sectors. The development of the region is directly proportional to the uplift in the markets and any sector for that particular region. The real estate is also upgrading along with all the other sectors.
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