Property values in Begur road have risen significantly in
the last couple of months. The area had recorded a steep dip in rates in the
quarter Jul-Sep 2012, but in the last couple of months it has revived to touch
an average locality price of about Rs. 2942 per sq ft in the following months.
The highest price reported in the quarter Oct-Dec 2012 was Rs. 3169 per sq ft.
Developers attribute this trend to partly a seasonal shift
and the near saturation level reached by other layouts closer to Electronic
City.
“Begur Road is located ideally away from the hustle and
bustle, yet very close to MNC’s like Wipro, Infosys, Simens, Bhel and 3M,‘’
states Naushad, of M K Property Consultant – Real Estate Broker.
Begur Road is one of the developed localities in Bangalore
today, close to Hosur Road, Bommanahalli and Bannerghata Road. It is about 3
Kms from Bommanahalli Circle and 7 KM from Electronics City. An upcoming
locality with many new projects coming up including the likes of SNN Raj
Serenity, Nitesh Hyde Park and DLF Westend Heights to name a few.
Close to Meenaxi mall on Bannerghatta road it still manages
to be a calm and peaceful location away from traffic jams with huge future
potential.
Layouts like Royal Meridian, off Begur Road, about 2 Kms
from Central Silk Board and Madiwala market and Aratt Felicita lifestyle flats
at Begur BTM Extension are targeted by both IT and Government officials
preferring to live in individual residential homes. These layouts are well
maintained with well lit roads.
“It is in a central location close to Electronic-City and
Sarjapura Road and good for IT Employees working in this area, as well as
government officials due to its straight connect to Central Bangalore,” states
B. Sarala, who is employed with the Karnataka Electricity Board and a resident
of one of the newly developed layouts. “What makes this area different from
others is the community lifestyle fostered by the different layouts.”
Although there are some developers targeting the mid segment
market, the number of lifestyle constructions outnumber the Rs. 35 Lakh to Rs.
40 Lakh segment.
Source: Magicbricks
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