North Bangalore...
Proximity
to the International Airport, planned infrastructure such as the Elevated
Expressway (Bellary Road), High Speed Rail Link, Bangalore Metro Rail, etc..
have been the major growth drivers for residential development in North
Bangalore.
Also,
the Government is aggressively promoting this area for future economic
activities. The planned Information Technology Investment Region (ITIR) near
Devanhalli, Aerospace SEZ planned near the International Airport and the
proposed Devanhalli Business Park are the key drivers for residential
development in North Bangalore.
Some
of the prime developments in North Bangalore in the mid-segment residential
category are Prestige Misty Waters, Hiranandani Glen Gate, Brigade Altamont,
Mantri Webcity and Sobha City.
 Mr. Sanjay Chugh, JLL India |
South Bangalore..
South
Bangalore is close to major work centres along the ORR and is primarily
classified as an upper middle-class residential catchment. It has potential for
further augmentation of existing physical and social infrastructure.
Over
the past few years, the Southern suburbs have witnessed a high percentage of
appreciation on investments.
Amongst
the prime residential developments in the Southern suburbs of Bangalore,
projects that can be listed are Salarpuria Greenage, SNN Raj Lakeview, Purva
Highlands and Sobha Forest View.
East Bangalore..
Eastern
Bangalore is characterized by major work centres such Whitefield, the EPIP Zone
which has escalated the development of residential apartments over the past few
years.
Many
mid-scale residential projects such as Brigade Cosmopolis, Brigade Lakefront,
Sobha Habitech and UKN Belvista have been launched in this area.
These
areas are self-sufficient in terms of social and physical infrastructure as
well, which is of prime importance for residential development.
West Bangalore..
West Bangalore is characterized by a low
social profile and industrial surroundings. Also, being located away from the
major IT-ITES corridors, it shows less potential for real estate growth.
Although
it has high availability of land for real estate development, the demand is
substantially low in this part of Bangalore.
Further
development of the Metro in the near future might boost the development of
mid-segment residential apartments in this area.
At
present, one of the prominent residential projects in this area is Purva
Sunflower.
Factors Influencing Appreciation..
The
following are the factors influencing the capital appreciation and rental
potential in Bangalore:
a Growth in the IT Industry & a rapidly
increasing number of High Net-Worth Individuals, and movement of expatriates.
a The proposed infrastructure by the
Government (Peripheral Ring Road, Metro Rail, Signal Free ORR, High Speed Rail
Link, Mono Rail, Elevated Expressway).
a The proposed SEZ and IT parks in
North Bangalore. (ITIR in Devanhalli, Aerospace SEZ, Devanhalli Business Park,
Airport city)
About
the author..
Mr.
Sanjay Chugh is Head (Residential
Services -Bangalore & Chennai) at Jones Lang LaSalle India
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