Rental values in Sahakar Nagar rise by 26 percent
Sahakar Nagar is a residential suburb in Bangalore. Sahakar Nagar was formed in early 1980s as a co-operative society for Telecom and Post & Telegraph employees of the Government of India. Sahakar Nagar comes under the Bruhat Bengaluru Mahanagara Palike (BBMP) limit.
Sahakara Nagar comes in parts, under both Byatarayanapura and Kodigehalli wards of the BBMP, and is flanked by Hebbal, Vidyaranyapura, and Kempapura, Jakkur Airfield & Pilot Training Academy. The famous Bhupati Tennis Village is located nearby.
Sahakar Nagar is subdivided into seven blocks, Block A to Block G. Sahakar Nagar is also receiving an influx of people owing to its proximity to many reputed educational institutions like Trio World School and Silicon Valley Residence School. NCBS (National Centre for Biological Sciences), a premier research institute, is located adjacent to the layout, banks, premier hotels, malls and supermarkets, hospitals and so on.
Sahakar Nagar is also well serviced by the BMTC buses. The nearest railway station is Kodigehalli, which is just 1.9 km from Sahakar Nagar. Bangalore-Hyderabad Highway is also in close proximity.
Sahakar Nagar is just 3-km from Mekhri Circle and 15 km from Yeshwantpur Railway Station. Manyata Tech Park is also 4-5 km away. The International Airport at a distance of nearly 20 km.
Its proximity to various prime localities adds to the advantage of being a prominent locality and the rates of the property on Sahakara Nagar. The price per sq. ft. was at Rs 4372 in Oct- Dec 2012 quarter and then price appreciated to Rs 4646 in the next quarter of Jan-Mar 2013. The price appreciation was around six percent. The rental values in Sahakar Nagar have increased by approximately 26 per cent.
With increasing amenities like 24 hours power backup, parking, clubs and swimming pools etc the maintenance charges have increased. This is the major reason for which the rental values have gone up.
The rental value of a 2 BHK apartment without any amenities will cost Rs 14,000 per month whereas with more facilities the same configuration will be available for Rs 20,000 per month. Rental value for a 3BHK apartment is approximately Rs 25,000 per month.
Renting luxury apartments in Sahakar Nagar like Godrej Apartments costs Rs 40, 000 a month while, a high-end 3BHK apartment touches nearly Rs 1lakh per month. According to real estate expert, 99 percent of the population in the area are end-users and they comprise mostly of IT professionals due to its proximity to the Tech Park.
In 2012, the best performing areas in Bangalore were Hebbal, Sahakar Nagar and RT Nagar in North Bangalore. These locations have seen the highest demand and appreciation during the year.
Some of the upcoming projects are Fortuna Center park, Hoysala Ace, Chitrakut Century, Unique Signature and Sterling Tulip which offers a range of 2 bhk to 5 bhk apartments.
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