Why Sarjapur is in High Demand for Property buyers?

Bangalore being the IT hub has contributed to the development of Sarjapur Road as one of the best location for residential complexes. The two most important factors that acted as stimulators for the rapid development of Sarjapur Road are its proximity to the various IT areas and the affordable property of the area. The area has more for property buyers as the prices of the apartments in Sarjapur are expected to witness a great hike in the coming years. It has already seen an escalation of almost 15% in the last one year.

Courtesy: Net

Hotspot for Property Buyers

It is primarily an end-user driven area that has something to offer for everyone. It offers a mixed residential inventory which ranges from Rs 4,500-5,950 per Sq.Ft. and thus catering the mid-income as well as high-income housing segments. Real Estate developers like Sai Vandana Properties, Yesvee Estates, and Prabhavathi Builders have already launched their affordable projects like Asset Elvira, Reliable Silver Oak, Prabhavathi Royal Gardenia, etc. The various factors that contribute to the high demand of affordable Sarjapur Road apartments are:

 

• Good connectivity to the IT complexes like Whitefield, Outer Ring Road, Koramangala, Electronic City and Marathahalli makes Sarjapur Road the ultimate choice of the employees working in the IT sector.
• The density of population is on the higher side in the Sarjapur and so spurred by powerhouse demand in the local market the area is surely to see a sharper price appreciation.
• The availability of land at cheaper rate is the primary advantage for the property buyers.
•  The announcement of Metro Phase III boosts the demand.
• Wipro has announced its largest campus just 1 km away making it a place of commercial projects along with residential ones.
• Residential prices have seen an appreciation of five to ten percent and moreover the availability of large land for residential and commercial projects makes Sarjapur an attractive place for property buyers.

The main reason of profit after investing in residential apartments is the rise in demand because of the development. So a property with infrastructural development is always going to add an appreciation to your buy. Commercial and residential projects in Sarjapur Road offer the entire infrastructural development making it the favorite destination for the property buyers.

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