Description: Property Address Global Homes, National Highway 207, Off Sarjapur, Bangalore. Description 3 Sites to sale in this layout, out of which 2 are East Facing, measuring 30/50 (1500sft.) and ONE is West Facing which is 1600sqft. Has all amenities like power, water, wide roads, road avenue trees, parks, drainage system, community area and etc.. BANGALORE: South and East Bangalore are nearing saturation. But if theres one area thats still seeing significant real estate action, its Sarjapur Road. Development in the area started later, and now, on account of its proximity to the IT clusters around Madiwala, Outer Ring Road (ORR), Whitefield and the Marathahalli-Sarjapur stretch, as also commercial developments along the road, the stretch is hot property. Wipro came up with a campus on the road some five years back. Infosys has acquired 202 acres in the area to set up an IT SEZ, which is expected to become operational this year. Analysts say Infosys announcement about its project triggered developer activity, anticipating greater residential demand. Land prices in Sarjapur village shot up from Rs 75 lakh to Rs 2-3 crore an acre. Sobha Developers has a 130-acre land in Gunjur, on the Whitefield-Sarjapur Road stretch. India REIT and SunCity, Mantri Developers and Salarpuria have land parcels in and around Sarjapur Road. The Varthur-Sarjapur Road stretch is seeing villas coming up. The area has the potential for capital value appreciation, says Naresh Dandapat, regional director-south for property consultancy Knight Frank India. Karun Varma, MD-Bangalore of property consultancy Jones Lang LaSalle India, says Sarjapur Road has a large number of upwardly mobile IT/ITES employees. Proximity to employee catchment areas and availability of ready-to-occupy/under construction Grade A office spaces make it a preferred destination, he says. The total Grade A office space on the adjoining ORR was 20 mn sft till last year. An additional supply of 3.93 mn sft is expected this year, according to a report by real estate consultancy Cushman & Wakefield. Capital values on Sarjapur Road have been more affordable compared to some of its upmarket neighbourhoods. You have an entry-level pricing of Rs 3,500 per sft compared to Rs 7,500 in Koramangala or Rs 4,500 in Whitefield, says Sobha Developers MD J C Sharma. Mantri Flora, Divyashree Elan, Purva Skywoods, Springfield Apartments, Sobha Cinnamon are some of the prominent developments in the area. Capital values have been appreciating. For instance, Mantri Flora was available at Rs 3,000 per sft two years back; now it is said to be about Rs 4,000 per sft. There are close to 2 lakh employees working in the ORR stretch. So Sarjapur Road is emerging as a busy IT corridor. It has a good mix of educational institutions and retail outlets. Many hospitality players like Hilton, Shangri-La and Novotel are coming up on Sarjapur Road, says Sushil Mantri, CMD of Mantri Developers. But the area lacks healthcare facilities. The closest is perhaps Vikram Hospital in Marathahalli and Sai Baba Hospital in Whitefield. For more information and to contact us use the email link.
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