Real estate trends on Kanakapura road

Kanakapura, famed for its production of silk and granite, is a town found in the south of Bengaluru. It is the headquarters of Kanakapura Taluk of Ramanagar district and the town is almost 55 kms away from Bengaluru. In contrast to the city, Kanakapura, is home to lush green forest and it is a favourite tourist spot, especially to those who love trekking.

Kanakapura Road lies on the National Highway NH 209. The road directly connects Bangalore and Mysore via Kanakapura town. We can see real estate developments happening on both sides of the road and with it many infrastructural facilities are also mushrooming up.

Why Kanakapura Road?

Real estate investors are very hopeful about the developments happening here. Affordable property values, improving connectivity to the city and rapid infrastructure developments make Kanakapura a promising land. It is well away from the hustle and bustle of the city and provides a calm atmosphere for living.

Some of the reasons why Kanakapura is seen as a prospect real estate haven are:

• The establishment of NICE (Bengaluru – Mysore Infrastructure Corridor) Road which has enhanced connectivity to Electronics City, Bannerghatta Road and Mysore Road.
• Bengaluru Metro Phase 1 till Puttenahalli will be extended till Anjanapura Township though the alignments are to be confirmed.
• Widening of the Kanakapura Road is planned to accommodate the increased traffic.
• Kanakapura has the advantage of Cauvery water supply.
• Plans to build an amusement park in the vicinity.

These proposed infrastructural plans are building confidence in real estate developers and they are sure of a healthy return on investment from here.

Luxury Spaces for Living:

With the recession slowly waning down, the companies are on a hiring spree and there is a huge influx of work force. This has made Bengaluru city much crowded and slowly the crowd is extending southward for a space to live in.

Kanakapura offers a scenic atmosphere for living and the developments are purely residential. The real estate builders mainly target those who are planning to make a permanent home in the place. This calls for larger living spaces and luxury homes. In the luxury category, many prefer 4BHK flats or independent villas.

Most of the projects coming up on Kanakapura Road are integrated townships, which attract senior citizens as much as the young working population.

Projects in place:

Currently, Kanakapura Road is having more than 73 apartment projects, 8 villa projects and 18 plot projects. Some of the popular builders in the area are:

• Shivaganga Infra
• Mantri Developers Pvt Ltd
• Sobha Limited
• Prestige Group
• Ds Max Properties
• Concorde Group Pvt Ltd
• Puravankara Projects Limited
• Shravanthi Shelters
• Brigade Group.

Current Price Trends:

The average price per square feet of apartments in Kanakapura Road is Rs.4214, villas at Rs. 4785 and Plots at Rs. 2089

The prices are relatively reasonable and statistics say that those who dream for a home in Bengaluru should seize the opportunity now and invest in the next six months, before the prices shoot up to double.

Gsv Naresh is a real estate blogger who blogs about India's realty market and also gives advice on buying residential projects and flats in India.For More Information about Real estate Visit CommonFloor.