Apartments in Marathahalli fits the description of a good home for an IT professional who works in the nearby Tech parks in Electronic City or Whitefield. The price trends of apartments in Marathahalli stands testimonial to the fact that there has been steady push and pull between supply and demand of properties in the area. The average price per square feet of an apartment in Marathahalli currently stands at about Rs.5700 psft which previously stood at Rs4500 psft just a couple of years back. IT professional or not, Marathahalli is rated by most as a fine locality to reside in. Here's a list of everything one needs to know, regarding the locality, before buying an apartment in Marathahalli.
Investment opportunity:
As mentioned earlier, price appreciation has been steady over the years. Even factors like Demonetisation, GST etc. have shown very little if any effect on the steady price appreciation. Factors such as smooth road connectivity to other areas and proximity with major IT hubs of Bengaluru has made it a real estate hub. Market estimations have pointed out a 0.6% increase in the going rate per square feet of
apartments in Marathahalli within the first half of 2017. Going by the data and market perceptions, it sure is a safe investment opportunity.
Apartments Overview
There are quite a number of upcoming apartments in Marathahalli. It has its share of both luxury and mid range apartments with the availability of all types of configurations such as 2,3,4 and 5 BHK. Prices for high end luxury apartments ranges between Rs1.65 crores to 4.2 crores. Mid range apartments range between Rs 48 to 82 Lacs.
Connectivity
Perhaps the most influential factor that has lent Marathahalli a real estate strong arm is its easy and convenient connectivity to important parts of the city. The NH 7 runs through the area and serves as a good connector along with the Airport Road. A signal free stretch with free flowing traffic is the Outer Ring Road which residents of the area can make use of to quickly commute to other areas of Bengaluru. It is at a nearby distance of IT hubs like Whitefield, Sarjapur Road and Electronic City offering easy and quick commute option to software and IT professionals.
Schools in the area
The presence of reputed schools and colleges in the area is a boon for apartments in Marathahalli. In the eyes of an investor, it attracts occupation of families and college students alike keeping the rental and resale markets active. Ravindra Bharathi Global Schools, H.A.L. Gnanajyoti School and Narayana e-Techno School & PU College are some of the reputed schools in the area. Colleges in the area include Hindustan Aviation Academy, Dr. Shyamala Reddy Dental Hospital and Research Centre and MVJ College of Education.
Shopping and hospitality
Marathahalli has a sound social infrastructure which is a prerequisite for any good locality. Big retail chains such as Max, Megamart, Lifestyle International, Big Bazaar, Reliance Fresh and Maha Bazaar etc have an outlet here. A number of popular hotels like Absolute Barbecues, Novotel, etc and theaters such as Innovative Multiplex, Srivinayaka theatre make up the entertainment part of the locality. Multi specialty hospitals such as Fortis and Sakra World Hospitals are also present.
Water Supply
Marathahalli is one of the parts of Bengaluru where the groundwater level has gone low due to the population influx. Many of the apartments in Marathahalli subscribe to water supply tankers.