One of the most sought-after areas for real estate in Bangalore is Sarjapur Road, which is located in the city's southeast. The neighborhood has undergone a spectacular increase in the last several years, thanks to its strategic position, great connectivity, and quick development. But is it fair to invest in property on Sarjapur Road? The answer is yes, and here are some of the reasons why.
Appreciation: Property on Sarjapur Road has a high appreciation rate, since the neighborhood provides high demand and little supply of residential and commercial properties. Apartments, villas, plots, and row homes are available in the region, along with more inexpensive and luxurious options. The average price of homes on Sarjapur Road varies from Rs. 4,500 to Rs. 12,000 per sq. ft., depending on the area and kind of property. The capital appreciation on Sarjapur Road is roughly 10% to 12% per year, which is higher than the national average of 8%.
Rental: Property on Sarjapur Road also provides significant rental revenue, since the neighborhood draws more individuals from many areas, including IT, biotechnology, education, healthcare, and tourism. The neighborhood also draws more individuals from diverse categories, such as millennials, professionals, students, migrants, and retirees. The rental yield on Sarjapur Road is roughly 3% to 4%, which is higher than the national average of 2.5%. The rental revenue and occupancy rate of Sarjapur Road are likely to improve in the future, as the neighborhood continues to provide a dynamic and cosmopolitan lifestyle, a booming IT industry, a beautiful climate, and a diversified culture.
Infrastructure: Property in Sarjapur Road also benefits from the strong and increasing infrastructure of the region, since the area has a network of broad and smooth roads, a train station, and an incoming metro line. The neighborhood also features a steady power supply, water supply, sewage system, and communication network. The region also contains a variety of smart city initiatives, including waste management, solar energy, e-governance, and public transit, that seek to enhance the quality of life and environment of the residents.
growth: Property on Sarjapur Road also has the benefit of the quick and sustainable growth of the area, as the area has a lot of residential and commercial developments coming up. The region also boasts a number of prominent builders and developers, such as Sobha, Prestige, Godrej, Brigade, and Puravankara, who provide excellent construction, prompt delivery, and appealing facilities. The region also features a number of malls, such as Market Square Mall, Total Mall, and Forum Mall, that provide a range of shopping, eating, and entertainment opportunities. The neighborhood also contains a variety of parks, such as Kaikondrahalli Lake Park, Iblur Park, and Bellandur Lake Park, that provide greenery and leisure.
To sum up, property on Sarjapur Road is a sensible and profitable investment choice, since the neighborhood has a lot to offer in terms of appreciation, rental, infrastructure, and development. Investors and homebuyers who are searching for a lucrative and safe real estate investment in Bangalore could surely pick property on Sarjapur Road as their choice.
Arvind Forest Trails is a upcoming newly launched ultra-luxurious villas in Sarjapur Road neighborhood of Bangalore.