Tumkur road offers affordable plots
Home buyers find it difficult in buying plots within the city limits because of high property price. But if you are planning to buy a plot at an affordable rate then you can go for Tumkur Road. Tumkur Road is a locality in Bangalore City surrounded by Mahalakshmipuram , Subramanyanagar , Mahalakshmi Layout , Gayatrinagar and Mathikere. Yeshvantpur Jn railway station is 1 KM from Tumkur Road. And it is 8 KM distance from Shivajinagar Bus terminus. It offers Bangalore Metropolitan Region Development Authority (BMRDA) or Nelamangala Development Authority (NDA) approved plots in the price range of Rs 200-1600 per sq ft.
Tumkur Road, once considered as a village in the outskirts of Bangalore, has now transformed into a part of the city owing to its rapid growth in real estate sector.
Many real estate developers like Matheshree Developers, Divine Developers, Innovative Group and MHR Developers have come up with plotted projects in this area. The maximum demand in Tumkur road is for smaller plots having a size of 1,200 sq ft. from middle income group as they cannot afford to invest with the city limit because of high price.
People working in garment industries and Peenya Industrial Area are showing interest on those plots. As they have limited budget, they prefer to go for smaller plots. The stretch have witnessed an annual appreciation of 15-20 percent for plots. Demand is driven by long-term end users who wish to have their own independent homes.
At present the occupancy is very low but it is expected that the rel estate sector will rise in this area in few years considering the string of infrastructural developments lined up for this stretch. Tumkur road is well connected to the city centre and has gained prominence due to several recent developments such as the Jindal plant and Jindal Nature Care Institute.
3,000 acres of land has been alloted to shift the Peenya Industrial Area and the new cricket stadium which is under construction will get completed within the next two years, which will help to increase demand for housing. The metro station is an added advantage. the propesed outer ring road along the outer Greater Bangalore Corridor would further improve the connectivity of the region. The area offers residential plot at an affordable rates.
New projects coming up in Tumkur road are Godrej Gold County which is an ongoing project by Godrej Properties Limited and is expected to get completed by 2015. DS Max Starwood is one of the popular residential developments in Tumkur Road, neighborhood of Bangalore. It is among the ongoing projects of DS Max Properties Pvt Ltd and the project is expected to get completed by 2014.
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