Upcoming Residential Areas In Bangalore And Amenities To Look For In Them

Hoskote is a locality in Bangalore and its growth story is quite phenomenal. However, the keystone of growth in this area is much like that in any other area- good infrastructure and easy connectivity to other parts of the city.

Situated in the eastern part of Bangalore, this area has expanded because of the location of close to 400 manufacturing companies. The KIADB or Karnataka Industrial Areas Development Board has developed the region into planned zones for industries which has led to a development of this area. The Kolar district houses the Narsapur Industrial Area which is roughly 53 kilometres away from Bangalore. It was developed in 3 phases. Located over a sprawling area of 4000 acres, the area is home to prominent Indian manufacturing companies as well as Japanese companies.

Located between Chennai and Bangalore, Vemagal is being developed by the KIADB as extension of Narsapur Industrial Belt. The region will also be in the BCIC or Bangalore Chennai Infrastructure Corridor.  Vemagal is in the Devanagiri Kolar State Highway. The development is taking place in two phases. For the first phase, 666 acres have already been acquired while the 2^nd phase shall contain roughly 1000 acres. There will be several apartments of 1BHK for rent in Bangalore Vemagal area once residential construction starts off in full force.

Owing to its geographical situation, Hoskote has a lot of advantages being offered. Not only is the Bangalore side being developed, but Chennai is also doing its bit for the development of the area. The Chennai Bangalore Expressway or the NH4 is well developed and connects southern and western sections of the city. The road also connects Hoskote with Oragadam which is another industrial spot outside Chennai. Not only is connectivity available here but also social infrastructure. For example, schools, shopping areas and hospitals are easily available here.

Connectivity Options

Hoskote is a good satellite township because the Chintamani-Hoskote Road has been repaired and there is a railroad linkage between Kolar and Whitefield with a stop on Narsapur. There is also a road to Devanahalli and the Bangalore International Airport. The BCIC is also there which connects Malur in Chennai to Hoskote.

Residential Areas

The roads to Hoskote from Bangalore are seeing a lot of development in terms of residential apartments. Projects are being developed plot wise and also mid segment housing is being made here. As the industrial belt in Hoskote is emerging as an aerospace and automobile hub, the demand for luxury and premium residential units is increasing as well. The Industrial Corridor’s development is also making this area a popular catchment for residences.

The Peninsular Region Industrial Development Corridor is a plan for developing a business corridor in Chennai-Andhra Pradesh-Mumbai-Bangalore region. The development of this region shall produce a flurry of townships in this area. Places such as Hoskote and Budigere Cross and surrounding locations are witnessing development of residential apartments as land is available at an inexpensive rate.

The expectations from the Central Government are high. There is a shortage for housing in the country because of the government’s emphasis on low cost housing solutions. As the industrial regions of Vemagal and Narsapur require affordable housing, there may be a growth spurt of real estate in this area. Builders expect the new government to aid with quick land acquisition and approvals, low cost and easy funding with improved infrastructure to make housing interesting enough for investors and builders alike.

Irrespective of the style of housing project it is, some of the common amenities offered are public halls, swimming pools, gyms, kids’ play areas etc. Using these salient points, builders often try to sell their houses. However, are these amenities at all up to the standards that they should be? Before you take a house on lease in Bangalore, do check the quality of the amenities offered.

Walking Paths

A walking path or pedestrian path needs to be wide enough to allow 2 people to walk simultaneously without bumping into each other. They should not have any hazards such as undulations and friendly for senior citizens as they would be the ones using these pathways the most.

Over the world, the average width suggested is roughly 3 ½’ to 4’ for facilitating walkers and wheelchairs.

According to planning authorities of townships, the pathways, sidewalks and crossings need to be constructed for minimising collisions with external agents like vehicular traffic and noise and architectural elements that jut out. This will keep the walkers’ environment safe.

Pools and Jacuzzis

Builders should be enquired of pool hygiene plans along with maintenance guides, which is the convention in developed countries too.

The pool cleaning mechanism should be enquired of builders because there is a limit to using chlorine for cleaning water, depending on the water’s quality. Most builders are unaware of such things.

Play Area for Kids

Safe play kits and location is very important. If a children’s play area is located near a parking lot, then it can be very unsafe. Also buyers need to enquire the frequency of changing the sand in sand pits. A first aid kit should be kept nearby in case a child gets injured while playing.

Landscaping and Planting Trees

You should check the kind of plants being put in the compound. Make sure that they are free from thorns so that no one pricks their fingers on them. The plants put in should have deep roots for holding on to the soil because Bangalore has fierce winds blowing in. Potted plants and the ones that shed leaves may make walking paths slippery and therefore, you should pay close attention to where these kinds of plants are being put in.

Requirements of Gymnasiums

A bright and open design should be adopted for gymnasiums. Air circulation should be there and hence narrow and long corridors must be avoided. From the club foyer, you should be able to see the main facilities which will allow users to get used to the layout of the gymnasium.

Friendly for Senior Citizens

The project should have walking paths which are well lit and with smooth surfaces. There should be access for handicaps with spaced for helpers. Cycling paths should be separate from the pedestrian ones. Also, transportation from one sport to one other sport inside the community should be easy and there should be arrangements made for safe and small vehicles inside the community.

Investment Interest In Apartment And Plots In Bangalore

The anticipated outcome of the general elections conducted in 2014 has led to a soaring of the share market and a rise in the value of rupee and strengthening foreign currency, more NRIs are inclined to invest in residential properties in Bangalore. The city is viewed as a premier market destination and checks off a number of boxes as the city to invest in.

The investment climate is healthy along with regularly expanding job scenario and better civic infrastructure, large platter of residential realty projects to pick from and an urban and active lifestyle is what is leading the cause for Bangalore as an attractive destination for real estate investment.

Premium locations for Residences

Although there are several older neighbourhoods which have retained their posh tag, several new locations have also been included in this group as they offer lifestyles comparable to that available abroad along with high quality social infrastructure.

Director of Silverline Realty, Zahed Mahmood has listed out some premium locales that NRIs consider such as Sadashivnagar, Jayamahal, Dollars Colony, RMV IInd Stage and RT Nagar and to a good extent, HRBR and HBR Layouts. Never areas such as Bellary Road, Jakkur and Hennur Road are also popular among NRIs. In short, areas in east and north are more preferred by Indians settled abroad.

While considering properties in the east, NRIs are still much convinced about Whitefield as enquiries about properties here pour in every day and many NRIs have already moved in here. Indiranagar is another preferred location. Places around Hennur Road, Whitefield and Thanisandra Road and areas along the 2 important technology parks are places where people prefer to invest. There are numerous luxury residential projects taking off in this area.

Conveniences and Lifestyle

Whitefield is mostly attractive to buyers because there have been a bunch of launches that offer good products. The business environment is quite rich here and there are many large facilities situated here that have good upcoming and established infrastructure in large malls for retailing.

Social infrastructure such as presence of renowned international schools, easy exit and entry to workplaces and airport, high quality finishing of property development projects in this price bracket and the lifestyle offered add up to increase the value of an apartment here. Open space for kids to play in and proximity to property where friends and relatives have bought apartments also become deciding factors in the purchase of apartments here.

Potential for Considerable Appreciation

Given the limited supply both currently and in the near future, Richmond Road, VittalMallya Road, Sadashivnagar, Ulsoor Road, Cunningham Road, Kormangala and Indiranagar are extremely plush locations and there is no overhand of supply whatsoever.

The lack of over supply is leading to very high capital appreciation potential. Even though a luxury apartment in these premier areas might cost between INR 6 crores and INR 30 crores here, compared to premium locations in cities like Mumbai and Delhi, it is quite reasonable.

Preference for Choices

Almost 75 percent of property demand in these areas is driver by end users. The demand is mainly in the Rs 2 crore to Rs 5 crore segments which stated preference for gated communities and large apartments or villas.

A lot of investor activity can be noted in the increase in price in North Bangalore, especially around Yelahanka and Hebbal, where investor interest is high. Nevertheless, considering the mostly healthy characteristics of the market and better offering involved, the areas and their nearby locations are quite reasonably priced as they offer a plush lifestyle and rank quite high in appreciation of capital value.

Bangalore residents are mostly enthusiastic at times of investing in plots for residences. Of the 12 percent prospective buyers of land in the nation, almost 30 percent of them are in Bangalore. The buyers want to invest in residential plots not only for reaping healthy returns but also to live on the land after building a house.

When considering the prospects of investment in land, it can be safely said that the returns on land is much than that in apartment and hence it is a better option for investment. Bangaloreans seem to be taking this nugget of advice more seriously than others. 

Almost 28 percent buyers of residential property in Bangalore demand residential plots. The highest demand for this kind of property type is located in the West and Northern region followed by the South and East. The only region left out is the Central part which does not have land parcels available for selling.

When supply is being considered, west, south and north showed a slight shortage by around 2 to 8 percent while the east showed an excess in supply by almost 12 percent when compared to demand. In east Bangalore, the highest supply of this kind of property is in Hoskote, Sarjapur and Whitefield.

The maximum plots available in Sarjapur within Rs 10 to Rs 20 lakhs budget followed by that in Rs 20 lakhs to Rs 30 lakhs and then Rs 30 lakhs to Rs 40 lakhs. Within this amount, buyers can buy plots which are almost 5000 sq. ft big. A few options of 850 to 1500 sq. ft. plots are also there and they cost around Rs 5 to Rs 10 lakhs.

Hoskote is an area rapidly developing along the city’s periphery and it offers mostly residential property. Almost 90 percent of the residential development is in the form of selling of plots. The plotted developments have been started to be converted into apartments and combined with the infrastructural improvement like the upcoming Bangalore Chennai Industrial Corridor and Pearl Ring Road, the region is believed to bring in healthy returns in the near future.

Plotted developments do not form the majority in Whitefield, but they do form a chunk in the total land inventory available. As it is an IT hub, the area is a part of the most pursued localities in Bangalore and has shown an appreciation in capital value by roughly 16 percent in the past 1 year.

Apart from these localities in the east, there is a good supply of plots in areas like Mysore Road, Electronic City and Devanahalli.