When compared to markets in North and East Bangalore; South Bangalore generally comes a step behind, in terms of investor’s excitement level. The principle reason being, while North and East Bangalore are upcoming locations in terms of infrastructure development, Southern Bangalore pertaining to its well established infrastructure has comparatively less room for future development. This results into higher expected appreciation for the latter.
However, South Bangalore has its own charm. Here is the list of 3 reasons, which entices investors to enter into the South Bangalore market.
Strong Social Infrastructure: The location has a robust social infrastructure in the form of education institutions, medical centers and retail outlets. Some of the leading schools in the nearby location involve Ryan International, Shree Chaithnya, Sherwood, National Public School and Delhi Public School. Likewise nearby hospital encapsulates Apollo, Fortis, Jayadeva and Sagar etc. The projected is also located in close proximity with numerous well-known malls such as Meenakshi, Gopalan and Big Bazaar etc. Not to mention that IIM Bangalore, one of the top notch B-school in India is also located nearby.
Strategic Location: It is conveniently placed with numerous new SEZs in Electronic City, Varthur and Begur area. Likewise a large number of fortune 500 companies have offices located in the South Bangalore area.
Namma Metro: The Metro is also set to enter the South Bangalore area in its second phase connecting Gottigere to Nagavara passing through the IIM Bangalore. The advent of metro is expected to cut down the road traffic drastically, thereby further adding value to the South Bangalore’s realty market.
Calm and Serene Environment: South Bangalore has a comparatively calm and serene environment with a range of parks and green space in contrast to its North and Eastern counterparts.
A well-developed social infrastructure, easy connectivity to IT parks and SEZs coupled with upcoming metro project and calm and serene environment make South Bangalore as one of the promising locations in the Bangalore. The area already has a thick concentration of residential projects, which will be further augmented with players such as Hiranandani and Mahindra coming into the picture. The former is coming with projects such as Queensgate and Glen Gate whereas the latter is coming up with Windchimes.