Real Estate Trends on Bagalur Road
Bagalur Road is one of the main thoroughfares in Bangalore, India. The road stretches several kilometers and connects the city to various suburban areas, including Bagalur, Hosur, and Sarjapur.
History of Bagalur Road
Bagalur Road is relatively new compared to many other roads in Bangalore. The road was constructed in the late 1990s to improve connectivity between Bangalore and the suburban areas north of the city. Before the construction of Bagalur Road, the area was primarily agricultural land, and there were few paved roads connecting the area to the city. The construction of Bagalur Road was a significant development that opened up the area to develop residential and commercial properties along the road.
Current State of Bagalur Road
Today, Bagalur Road is a busy thoroughfare. The road is four lanes wide, with two lanes in each direction. It is paved with asphalt and has a median separating the two traffic lanes. The road has residential and commercial properties, including apartments, shops, and offices. The area around Bagalur Road has seen significant development in recent years, with many new residential and commercial properties being built.
Steps Taken to Address Challenges
The government and local authorities have taken several steps to address the challenges faced by motorists and residents on Bagalur Road. One of the primary steps taken has been to improve the road conditions. The government has invested in repairing and maintaining the road, which has resulted in a smoother and safer driving experience for motorists. Additionally, the government has implemented traffic management measures, such as signal lights and speed limit signs, to improve road safety. The government has introduced several bus routes that connect the area to other parts of Bangalore. Additionally, the government has introduced a metro rail project that will connect Bagalur Road to other parts of the city.
Real estate on Bagalur Road
Real estate in Bagalur Road, Bangalore, has seen significant growth due to the area's proximity to major transportation routes and the development of new infrastructure.
Property Prices
The property prices in Bagalur Road have steadily increased over the past few years. According to a published report by Knight Frank, a leading real estate consultancy firm, the average property prices here have increased by 12% in the past year. The report also suggests that the prices are expected to continue rising due to the increasing demand for properties in the area. A 2BHK apartment in a premium residential complex on Bagalur Road can cost anywhere between INR 50 lakhs to INR 1 crore. In contrast, an independent house or villa can cost upwards of INR 2 crores.
Demand
The demand for real estate on Bagalur Road has been increasing steadily. The area has become increasingly popular among young professionals and families owing to its proximity to major employment hubs and good schools. Additionally, the area is well-connected to other parts of Bangalore through major transportation routes such as the NH-44 and the Outer Ring Road. The demand for properties on Bagalur Road will continue increasing in the coming years. The government's plans to develop the Kempegowda International Airport and the proposed Peripheral Ring Road (PRR) are expected to further boost the demand for properties in the area.
Future Growth Prospects
The future growth prospects for real estate in Bagalur Road are positive. The area is expected to see significant growth due to the development of new infrastructure and increasing demand for properties. The proposed PRR is expected to connect Bagalur Road to other parts of Bangalore and significantly reduce travel time and traffic congestion. Additionally, the government's plans to develop the Kempegowda International Airport are expected to positively impact real estate in the area. The airport's expansion is expected to bring new businesses and industries to the area, increasing the demand for residential and commercial properties. Bagalur Road in Bangalore has seen significant growth in the real estate sector in recent years. The area's proximity to major transportation routes, good schools, and employment hubs has made it a popular choice among homebuyers and investors. The increasing demand for properties in the area and the development of new infrastructure make Bagalur Road a good location for real estate investment in the coming years.
Provident Ecopolitan
One of the finest Real Estate Trends on Bagalur Road is Provident Ecopolitan. Provident Ecopolitan is a new residential development in the Aerospace Park at Bagalur, North Bangalore. Provident Housing, a Puravankara Limited subsidiary, developed this project. The project offers a unique living experience with unmatched amenities that promise to make life more comfortable and enjoyable for residents. The development is spread over 11 acres of land and offers 1, 2, and 3 BHK apartments thoughtfully designed with world-class amenities. With 80% open space, Provident Ecopolitan allows residents to enjoy nature and indulge in various outdoor activities. Some of the project's key highlights include a clubhouse, gymnasium, swimming pool, children's play area, jogging track, and beautifully landscaped gardens. Additionally, the development has a retail zone within the premises for everyday convenience. The project is strategically located with easy accessibility to major IT hubs, hospitals, schools, and shopping centers. Provident Ecopolitan is an excellent investment opportunity near the upcoming Kempegowda International Airport. The project's location and the availability of world-class amenities make it an attractive choice for those looking for a comfortable and luxurious lifestyle. The project offers an excellent opportunity for investors to invest in a property that promises high returns and is expected to appreciate significantly in the coming years.
