Residential real estate in Bangalore is on the growth path. This city is one of the few in all of the country to have a successful realty story in the past few years. The growth seen here has been tremendous and has bucked all the predictions made by real estate pundits. Apparently the realty related rules applied for most of India do not apply here.
The housing sector in Bangalore has to thank the Information Technology sector for its success. It is primarily the IT industries present in the city which have given a great lift to demand for housing. There are many IT hubs present in the city. And almost all of them have a strong market for residential properties. Most of the demand and supply for housing in the city is centred in these areas.
One of the more important IT and real estate destinations in the city is Marathahalli. This micro market is located in the south eastern part of Bangalore. The real estate landscape of this locality after the IT boom hit Bangalore. The area was once a village but today it ranks among the most well developed localities in the city.
A flat for sale in Marathahalli is priced between INR 6000 to 10000 per square feet depending on the amenities on offer. Plots in Marathahalli are priced between INR 4000 to 5500 per square feet. There are multiple other factors which have influenced buyers when it comes to purchasing properties in this area. Besides being an IT hub of good repute, the micro market is also well connected to the rest of Bangalore. The National Highway 7 passes through this locality. Localities which have a big connector like a state or national highway always find favour among buyers. The Outer Ring Road is also another major connector which is located in close proximity to this area.
The micro market lies in close proximity to other residential and IT hubs such as Whitefield, Electronic City and Sarjapur Road. One of the reasons why a flat for sale in Marathahalli is in demand among buyers is because it is more affordable than a flat located in other IT hubs. This has in fact led to an increase in demand for properties in this locality. Most of the residential properties present here are apartments. There is good demand for rental properties as well, as IT professionals sometimes choose to rent properties rather than buy them. So even if you are thinking about buying a property as an investor and not as an end-user, then Marathahalli is still a good option. Rentals here fall between INR 16000 to 21000 for 2 BHKs.
A fair share of residential properties present here are apartments. This is not to say that properties such as villas and plots in Marathahalli aren’t available. They are, but not in the abundant numbers that flats are present. With rapid infrastructural improvements on the cards for the whole city, buying into properties in Marathahalli will make a lot of sense.
The housing sector in Bangalore has to thank the Information Technology sector for its success. It is primarily the IT industries present in the city which have given a great lift to demand for housing. There are many IT hubs present in the city. And almost all of them have a strong market for residential properties. Most of the demand and supply for housing in the city is centred in these areas.
One of the more important IT and real estate destinations in the city is Marathahalli. This micro market is located in the south eastern part of Bangalore. The real estate landscape of this locality after the IT boom hit Bangalore. The area was once a village but today it ranks among the most well developed localities in the city.
A flat for sale in Marathahalli is priced between INR 6000 to 10000 per square feet depending on the amenities on offer. Plots in Marathahalli are priced between INR 4000 to 5500 per square feet. There are multiple other factors which have influenced buyers when it comes to purchasing properties in this area. Besides being an IT hub of good repute, the micro market is also well connected to the rest of Bangalore. The National Highway 7 passes through this locality. Localities which have a big connector like a state or national highway always find favour among buyers. The Outer Ring Road is also another major connector which is located in close proximity to this area.
The micro market lies in close proximity to other residential and IT hubs such as Whitefield, Electronic City and Sarjapur Road. One of the reasons why a flat for sale in Marathahalli is in demand among buyers is because it is more affordable than a flat located in other IT hubs. This has in fact led to an increase in demand for properties in this locality. Most of the residential properties present here are apartments. There is good demand for rental properties as well, as IT professionals sometimes choose to rent properties rather than buy them. So even if you are thinking about buying a property as an investor and not as an end-user, then Marathahalli is still a good option. Rentals here fall between INR 16000 to 21000 for 2 BHKs.
A fair share of residential properties present here are apartments. This is not to say that properties such as villas and plots in Marathahalli aren’t available. They are, but not in the abundant numbers that flats are present. With rapid infrastructural improvements on the cards for the whole city, buying into properties in Marathahalli will make a lot of sense.
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