Tag: Real Estate
2.78 Lakh Homes Completed in 2021, Over 3.85 Lakh to Complete in 2022
Mayank Saksena, MD – Land & Head – South India, ANAROCK Property Consultants
Hosur Road in South Bengaluru essentially covers locations such as Begur, Kudlu Gate, Singasandra and Electronic City. Major factors contributing to its growth are:
Affordable Property Prices:
Locations along Hosur Road close to Electronic City and Begur Road essentially cater to affordable and mid-segment housing.
Prices in Electronic City, for instance, range between Rs. 3,500-5,600 per square foot. Prices on this stretch are more relatively affordable than other major IT hubs, including Whitefield and Outer Ring Road-Marathahalli.
Good office rental yields:
Commercial property prices range from Rs. 4,500-8,000 based on the type of property and the amenities available in the building. Rental yield in Electronic City varies from 3.5 to 4.2%, which makes it one of the top rental yield markets in Bengaluru.
A wide range of housing options:
A favourable confluence of factors such as ample new supply in Electronic City due to large tracts of land, affordable property prices coupled with high consumer demand,