Major reasons for the realty growth in KR Puram

With seamless connectivity to IT hubs and improving social infrastructure, the demand for residential properties in KR Puram has increased over the past few years. As most of the working population prefers to reside close to IT hubs such as Manyata Tech Park and Marathahalli, this region has witnessing a higher absorption rate in recent times. Apart from it, the expensive property rates in these prime areas makes KR Puram the most preferred investment destination among home buyers and investors. Moreover, the proposed new metro line and the peripheral ring road are playing a major role in booming the real estate market of this region. Here is an overview of real estate market in this region; Price Trends When compared to neighboring areas like Marathahalli and Whitefield, the properties prices are quite affordable in KR Puram. Owing to this affordability factor, the demand for housing has been high in this region. As a result, the capital values in KR Puram have been witnessing an upward trend in recent times. According to realty sources, the capital values in KR Puram have increased by 8% during Jul-Sep 2016. If you are planning to buy a 2 bhk flat in KR Puram, you will have to spend anywhere between INR 40 lakh to INR 60 lakh. Whereas, the same configuration in Marathahalli will cost you about INR 60 lakh to INR 75 lakh. As a result, the working professionals who look for budget homes prefer to invest in KR Puram. Infrastructure Developments The upcoming peripheral ring road is one of the major growth drivers of real estate in KR Puram. This infrastructure project will have 6 elevators which will enhance the connectivity of this region. Further, the proposed 17 km long metro line between Silk Road and KR Puram will also boost the connectivity of this locality further in near future. Once these projects become operations, the demand for residential properties will increase in the following years. Thus, if you are looking for the best place to buy an apartment in Bangalore for investment purpose then preferring KR Puram is certainly a safe-bet. The locality’s connectivity to the Outer Ring Road is yet another major factor is transforming this locality into the most preferred residential hub. By taking the ORR, the commuter can reach all the major highways of the metropolis with ease. Besides, this major stretch passes through major areas such as Krishnarajapuram, Marathahali, Hebbal, Banaswadi, J P Nagar and Bangalore University.