Sarjapur road – situated along the south-east end of Bengaluru is a fast-developing residential hotspot offering property options ranging from high-end luxury homes to budget apartments.
While east and south of Bengaluru are heading towards property saturation, there is still one locality left with vast potential of realty growth. Sarjapur road – once a farmland is an emerging residential district of Bengaluru with an excellent road connectivity to major IT hub areas like Electronic City, Whitefield, Outer Ring Road, Koramangala and Marathahalli. The realty growth of this locality has been driven by the increase in demand for luxury homes preferred by IT professionals, MNCs executives and NRI investors. Due to this, a slew of new residential projects has been launched in this area.
Factors impacting Sarjapur’s growth:
The strategic location of the area provides seamless connectivity to important IT/ITes locations such as Electronic City and Whitefield. Easy access to Outer Ring Road and Marathahalli plays a major role in the success of Sarjapur. Devanahalli International Airport is easily accessible via Outer Ring Road.
The giant IT firm Infosys has acquired 202 acres of land in Sarjapur with a motto to set up an IT Special Economic Zone (SEZ). The Azim Premji Foundation has announced acquisition of 50 acres of land where world-class university will be established. Moreover, another IT giant Wipro has also acquired land for its Campus in Kodathi, Sarjapur Road, which has an employee strength-15000.
Social and Civic Infrastructure
The roads and other civic amenities are parallel to the other developed areas. The campuses of big IT players have been the major game changer in the growing demand of significant office and commercial space development. The area along the stretch of Whitefield- Sarjapur and Marathahalli-Sarjapur are presently buzzing with many real estate activity which leads to hike in property prices.
Shopping malls and recreation
Big Bazar, Total Mall and Spencer are some of the famous shopping complexes which caters the daily needs of the residents. The famous hospitals in the area include Apollo clinic, Columbia Asia and Town hospital. The recreation facility in the locality is cater by Decathlon sports and Zeeshan Ali tennis academy.
Residential market aspect
Sarjapur residential market is mainly dominated by end-users, due to high supply of flats and apartments. The demand for high-end luxury apartments in the locality is driven by the presence of a large number of working professionals in the area which are mainly IT class with decent source of income.
Rebin Thomas, who runs a property brokerage service in Kalyan Nagar, says the demand for residential apartments has significantly increased in Sarjapur. The locality always witness a lot of takers who invest in residential apartments to earn rent on it. The area in around is inhabited by mid-income class who demand for multi storey apartments on rent in the locality.
“There have been a total of 125 completed projects, and in addition to this there are 121 projects which are in the different phase of construction. Some of the recent launched projects include Salarpuria Celesta, Purva Whitehall,” he says.
The average price of property in Sarjapur is about Rs. 5,516 per sq. ft., while the maximum and minimum prices ranges between Rs. 4,083 – Rs. 6,950 per sq. ft.