Sarjapur Road, located in south-eastern part of Bangalore, is evolving to the next real-estate hub of Bangalore. Although real-estate market is saturating in the southern and eastern Bangalore, Sarjapur as an exception is experiencing considerable growth since last five years.
One main reason for Sarjapur’s impressive growth is its proximity to Outer Ring Road, Whitefield, and Marathahalli-Sarjapur stretch, which are some of the commercially well-developed localities. As Sarjapur started developing rapidly, IT giants like Wipro and Infosys planned big investments in this region. A Wipro campus was set up as well as Infosys came up with its IT SEZ on 202 acres in the area. While Sarjapur initially emerged as a mid-level market, it is now experiencing high-end launches too.
Demand
With a project launched by Infosys, realty developers predicted an increase in residential demand in Sarjapur and consequently started eyeing for investments. Following this, numerous residential and commercial ventures were launched here. Wipro’s Azim Premji has recently announced the company will acquire 50 acres of land in Sarjapur for building a world-class university. Hospitality players like Shangri-la, Hilton, and Novotel are also interested in Sarjapur.
With more than 2 lacs of IT employees working in ORR stretch, this area is developing into a busy IT corridor. Moreover, the capital values in Sarjapur are quite affordable as compared to its neighbouring residential hubs like Whitefield and Koramangala.
Price Trends
This diverse range of prices has made Sarjapur an attractive micro market for all classes of buyers. It has witnessed stable demand from middle-class buyers for 1 and 2-BHK flats, whereas high-end customers desire to invest in luxurious and deluxe 4-BHK apartments. Additionally, its villas and independent houses also appeal to a variety of customers.
Builders from all over India are setting up housing units and offering them in a wide price range for all classes of people. Sobha Developers, Mantri Flora, Divyashree Elan, and Springfield Apartments are some of the prominent establishments in this locality situated amidst green and serene surroundings.
Notable Features
With proximity to happening places like Madivala, Electronic City, and Whitefield, as well as excellent connectivity to Bangalore’s international airport, Sarjapur Road has been witnessing immense demand for housing. It also has a good mix of educational institutions and retail outlets. Radial roads connect it to commercial hubs like Koramangala and Bannerghatta.
As a result, versatile projects like shopping malls, IT offices, and residential apartments are embellishing this locality. With growing unavailability of housing options in its neighbouring areas like HSR and Bellandur, Sarjapur has become the residential haven for many IT professionals, which strengthens its real estate market.
On account of its booming real estate industry, comfortable living conditions, and excellent connectivity to prime locations, the already-flourishing Sarjapur Road has the potential of becoming the next most-desirable location for both settlers and investors in Bangalore.
