Real estate properties of East Bangalore: Potentials and Development

                                                                         

Development happening in East Bangalore                     
Plenty of real estate movements are noticeable in east Bangalore particularly in the Old Madras road falling between KR Puram railway station and Hoskote.
To name a few reputed builder projects Prestige Tranquality, Brigade Exotica, GR Sun Villas, Pruksa Silvana, two big Signature 2 plot projects (Dreams and Tulip), Samruddhi Lakedrive Villas, Pashmina Waterfront. Prestige Tranquality & Pashmina Waterfront projects are big mega projects where Tranquality is coming up with 2000+ units and Waterfront with 1000 units. Pruksa Silvana is a FDI (Foreign Direct Investment) project where Pruksa (Indonesian builder) is developing a society with 320 villa units and 80 row-houses (for more details see http://harshasagar.com/2011/06/22/pruksa-silvana-by-pruksa-india-pruksa-silvana-pricing/).
All these projects have their possession starting from early 2012 till 2015 end.

Follow this link(price list) to get an idea about prevailing price lists of these builders.

Big Bazaar is coming up with their setup near to Budigere-Cross(9km from KR Puram railway station towards Hoskote). Apart from that Aishwarya already have their retail shop functional in the close proximity of  Budigere-Cross.
One more bigg mall(Hebron mall) is coming near Pasmina Waterfront project(4-5kms from KR Puram railway station towards Hoskote).

From  Budigere-Cross Kadugodi is 4-5 km. Between Kadugodi to Old Madras Road again plenty of real estate projects happening(apartment + Villa + plots). Including all of them around 15000 to 20000 families are expected to get the possession between early 2011 to end of 2014.

Delhi Public school has acquired a land in this area(around  Budigere-Cross). Hopefully they should be operational within couple of years of time frame.

Real estate properties in and around Budigere-Cross is getting piled-up at mass level. Prestige Tranquility, Pruksa Silvana, Brigade Exotica, Signature Tulip/Dreams and GR Sun Villas are few such big level projects around this area.

Columbia Asia hospital has decided to come near to Prestige Tranquality project.



Why it is a good appreciation candidate?
Reach to IT parks: Most of the IT parks are in the vicinity of 10-20kms.

• Whitefield(7km)
• Manyata Tech Park(15km)
• CV Raman Nagar(10km)
• Embassy Golf Link Business Park(14km)
• Marathahalli(11 km)
• RMZ Ecospace(18 km).

Reach to Pharmateutical companies: CIPLA, Glaxo & Smith(GSK), Hindustan Uniliver Ltd, GE and Indegene all between 2-15km.

International Airport: For the time being BIAL is around 35km from  Budigere-Cross but a new alternate route has been proposed which will reduce this to 20km.

Railway stations: Whitfield Railway station is 5km from old madras road and KR Puram Railway station is also 5km from Pashmina Waterfront project.

Metro in the vicinity: Just 9 km of distance towards KR Puram will connect you to Bypanahalli Bangalore Metro train terminal.

Schools: Currently Baldwin International school is around 3km from  Budigere-Cross. DPS has also acquired a land in this area. Hopefully they should be operational within couple of years of time frame.

Columbia Asia hospital has decided to come near to Prestige Tranquality project.

Forum Value Mall is 10km from Old Madras Road.

MG Road is again 14km from Pashmina Waterfront.

No water problem: Areas like Sarjapur and Whitefield has heavy water problem and they need to bank on external water tankers. Although water is affordable now but in longer run this is bound to put deep hole in your monthly budget. But so far this area doesn't have any water problem in-case you go for your own diggings/borowell. Out of all above listed projects  Pruksa Silvana is one who is starting their Phase I possession in December 2011 and they are having four water borowells for the time being.
But most of the apartment based projects like(Tranquality/Exotica/Waterfront/etc.) have their possession around 2013. By that time this area will be very much developed and in-case if need is felt for external water tank(which is less likely to happen in near future) it should be there as in Mandur(5km from Budigere-Cross/Old Madras Road) huge BBMP water dump is present.


Cost Appreciation:
Already developed areas like Indira Nagar, Koramangala, BTM, Jayanagar, Sarjapur, Marathahalli, Whitefield, HSR layout, JP Nagar, Electronic city are preferred residential options. But these areas have already seen the appreciation of 50-100% in last 3-4 years. Going further I agree there would be appreciation but not to the amount that have happened since 2005/06 onwards. However, this is upcoming area and is a good appreciation candidate given its proximity to major IT/Pharma hubs. Given this fact together with the ample real estate development happening will be a driving force for the development of entities like shopping retail mails/hospitals/schools.

Signal free connectivity till KR Puram:
From KR Puram to Hoskote it is 6 lane dedicated highway with broad service roads on both the sides. Also between these 2 places there are 5-6 flyovers making this stretch signal free.

People are investing heavily in this area and no doubt this area will become very much livable over span of 2-3 years.

This is indeed one of the fast paced hot real estate upcoming areas with true future potentials to develop and appreciate. To know more about other upcoming areas in Bangalore refer this link.
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