|Unit Type||Size (Sqft)||Price||Booking Amount|
|3 BHK||1888 Sqft||122.53 Lacs||Contact us|
|3 BHK||1871 Sqft||121.42 Lacs||Contact us|
|3 BHK||2052 Sqft||133.17 Lacs||Contact us|
|3 BHK||2071 Sqft||134.40 Lacs||Contact us|
|3 BHK||2017 Sqft||130.90 Lacs||Contact us|
Nearby Shopping Malls, Banks and Restaurants: All within 1 kms
TUMKUR ROAD EMERGING GROWTH CORRIDOR…
With good connectivity and proximity to the airport, residential options are picking up in this part of the city.
With the city stretching outwards, one of the prominent belts emerging to the north-west of Bangalore is Tumkur Road. Strategically wedged between residential catchments and the industrial region in the west, and the airport to the north, this belt has benefitted from the dynamics of location as well as connectivity.
Upgradation of the highway as well as seamless travel through the Outer Ring Road (ORR) link facilitates seamless travel within the city as well as to the outskirts, towards Nelamangala.
Changing real estate landscape:
The micro-market of Tumkur Road is primarily an industrial destination linking the core city with the traditional and established industrial clusters of Peenya and Yeshwanthpur. Tumkur Road, being an industrial corridor, houses various engineering and manufacturing facilities. In addition, the Hindustan Machine Tools (HMT) Township, spread across 475 acres is also located in this micro-market. Until the recent past, the population of this micro-market was dominated by employees of the industrial houses here as the area was a hub for small scale industries manufacturing ancillary parts for public sector undertakings, automobile industry, garment industry etc. Over a period of time, this area saw the arrival of large domestic and global corporations.
In the early 2000’s, saturation in city centre locations, steady growth in real estate, and availability of land for redevelopment led to the spillover of activity in locations such as Yeshwanthpur and HMT Layout. In 2008, completion of the international airport further strengthened the demand in this region.
Connectivity and development:
The upgraded elevated Tumkur Highway connecting to Nelamangala, announcement of the Bangalore-Mumbai Industrial Corridor, connectivity to the airport and the ORR have all worked in favour of this belt. Easy connectivity to key locations is changing the primarily industrial character of this region, triggering demand for residential options around. The elevated highway between Nelamangala and Yeshwanthpur junction on Tumkur Road (NH4) has significantly improved the physical characteristics of the area and influenced developments within 4-5 km from the NH-4. Further, the Bangalore-Mumbai Industrial Corridor is likely to leverage more residential, commercial and industrial developments.
Being a large, growing industrial hub with available land parcels, the rise of this micro-market can also be attributed to improved connectivity through the NICE Ring Road to south Bangalore, presence of the Bangalore International Exhibition Center and the elevated expressway to the airport. Since late 2005, Tumkur Road and its surrounding areas have been witnessing significant augmentation and improvement in terms of infrastructure in general and connectivity in particular. An integrated township present in this micro-market is a success story that has pushed values in this region. Additionally, proximity to Yeshwanthpur and Hebbal makes way for a link to the signal free ORR. Additionally, after completion of Metro Rail Phase 1, the real estate scenario has further improved in this region.
Locations in focus:
The increase in demand for housing units towards the north-west triggered growth here. Urban spatial growth towards this road and the land value appreciation led to the growth of localities such as Jalahalli, Abbigere, Nelamangala, and Magadi Road, among others. Proximity to the city is the main reason for the emergence of these locations. The average area of a two-bedroom apartment is in the range of 950 – 1,200 sq.ft while the average size of a three-bedroom apartment is in the range of 1,250 – 1,500 sq.ft.
Many Grade-A developments are located along Tumkur Road, from Yeshwanthpur up to the ORR. Infrastructure and connectivity has boosted residential developments in adjoining areas such as Magadi Road, Hesaraghatta, Jalahalli, and other areas up to Yeshwanthpur. Till date, about 17 apartment projects have been launched and the expected supply is about 5,100 units in this micro-market on a cumulative basis. This micro-market has immense potential for residential development especially in budget and mid-segment categories.
The capital values for Grade- A apartments here are in the range of Rs 4,300-11,500 per sqft. The capital values for Grade- A villas row houses are in the range of Rs 4,300-9,000 per sq.ft. Outlook.
The proposed Bangalore-Mumbai Industrial Corridor is expected to connect Bangalore City to Mumbai port, impacting the industrial activity along Tumkur Road. This development is anticipated to transform Tumkur Road into a growth corridor in the city in terms of residential, commercial and industrial infrastructure while existing, ongoing and proposed infrastructure initiatives in this micro-market are sure to gain more traction in the medium to long terms. While the micro-market is currently stable, prices are likely to appreciate between 10-12 percent per annum in the short term. Jalahalli and its suburbs, and Nelamangala, will see a lot of supply in the future. This location demands more budget category homes. The connectivity factor is a crucial aspect of development here.
Reader’s Please share your opinion about this project.