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Caution: Work in progress here...
Suja Natarajan, May 1, 2015, DHNS
If you dream of settling in a verdant landscape among the lakes, farms and fields in the outskirts of Bengaluru, then head to Kanakapura Road right now. Known as Kanakanahalli Road earlier, the belt was a forest with minimal transportation facilities. What was once known to be the hot destination for weekend breaks for City dwellers has gradually transformed into one of the prominent residential markets in South Bengaluru.
Located 55km away from the City, Kanakapura Road is part of NH 209 and passes through Banashankari, Outer Ring Road, Konankunte, parts of JP Nagar and Uttarahalli. The proximity to other suburbs like Bannerghatta Road and Jayanagar has further added value to the locality. Improved connectivity and quick infrastructure development in the
neighbourhood has lured most investors towards this part of the City. Serene surroundings and large land spaces are some of the important factors that have driven the rise of several mid and luxury-scale apartments in the area, making it an emerging residential corridor.
Rapid paces of development
“As a fast-developing locality, Kanakapura Road has access to all facilities. It has well-built apartments by reputed builders like Sobha, Prestige, Nitesh, Brigade and so on. Good connectivity is one of the key factors for Kanakapura Road being one of the preferred localities in South Bengaluru,” says Bharath, a real-estate agent in the area. It’s close proximity to NICE Road, an express corridor between Bengaluru and Mysuru and connecting areas like Tumkur, Kengeri, Bannerghatta Road and Electronic City, adds to the advantage. The connectivity has catered to the IT professionals employed in BG Road and Electronics City. Affordable price and seamless connectivity to the workplaces have attracted the IT populace to settle in Kanakapura Road in great numbers.
Several proposed infrastructural plans by the government have boosted confidence among builders and investors. The development of metro, peripheral ring road, the proposed widening of the existing Kanakapura Road to four lanes are playing a crucial role in augmenting the real-estate demand in Kanakapura. “Kanakapura Road is expected to be one of the most sought-after residential suburbs in South Bengaluru in five years, provided the proposed plans are implemented,” adds Bharath.
Social infrastructure
Kanakapura Road has moderately developed social infrastructure. Interior parts of the locality have very few health, retail and educational institutions. However, the presence of Metro Cash and Carry, an international wholesale retailer (25,000 sq ft) and the upcoming Gardens Galleria Mall (3,00,000 sq ft) are some of the prominent retail outlets that have made the locality promising. Kanakapura Road is also home to several reputed educational institutions including Delhi Public School, Kumaran’s, Yellamma Dasappa Institute of Technology, Jain International, KSIT College, College of Ayurvedic Science and the Valley School. It also provides easy access to some of best healthcare institutions on BG Road such as the Apollo and Fortis Hospital. Other healthcare facilities in the area include Sri Sai Ram Hospital, Vasan Eye Care and Ayur-Arogya Ayurvedic Hospital.
“Water supply is excellent with the presence of Cauvery water supply and the presence of innumerable lakes. But like other parts of Bengaluru, Kanakapura Road also has regular power cuts,” says Amarnath, a real-estate agent from the area.
Market speak
The area is attractive to homebuyers who commute to Bannerghatta, Gotigere and Electronics City through NICE Road and Ring Road. The price also makes this locality a hot investment destination, which has offered good returns on capital appreciation.
According to realty experts, the average price range of a multi-storey apartment in the area is Rs 4,600 sq ft (it was Rs 4,299 per sq ft, during the last quarter). There has been an appreciation of seven per cent in the last three months. However, the sale of residential plot has dipped by 10 per cent. The average rental yield for a two-BHK apartment ranges between Rs 10,000 to Rs 17,000. If you are looking to invest in a two-BHK apartment in this area, you have to shell anywhere between Rs 40-60 lakhs.
Problem areas
Kanakapura Road is no exception when it comes to social infrastructural challenges in Bengaluru. “There are problems galore on Kanakapura Road – encroached footpaths, lack of streetlights, dangerous speed breakers and huge potholes,” maintains a harrowed resident. All these make it rather tough for the residents, especially as the issues don’t evoke much response from the government, she adds .
“While the locality has several residential apartments, it lacks major companies on this road. There are small-scale industries, which makes the locality seem far away from the IT/ITeS hubs,” observes Amarnath. “Most of the land is being acquired by builders for residential purpose because of which there is slow growth in the commercial segment,” says Bharath.
“Improper planning and execution by BBMP is the main cause. Gaping manholes, broken drainage pipelines and unavailability of footpaths create a lot of hassle to the commuters and is dangerous at nights...and nightmarish in the monsoons,” says another resident. “Garbage system is deplorable, and most of the bus stops are in a poor condition, calling for immediate attention,” says Manjula, a homemaker.
“Thousands of people travel on this pothole-ridden road and there have been several accidents, too. Traffic snarls are also very common here,” says Srivatsa, another hassled resident. “Lack of connectivity to other parts of Bengaluru is still a problem. It is actually quite far from the international airport,” adds Bharath.Overall, as an emerging residential
locality, Kanakapura Road offers a lot of options for homeowners as well as a safe avenue to park your money for good returns.
Some upcoming residential projects
Prestige Group - Prestige Falcon City
Brigade Group - Brigade Wisteria
Nitesh Estates - Nitesh British
Columbia
Sobha Limited - The Park and
The Plaza
Mantri Developers Pvt Ltd - Mantri Courtyard and Mantri Serenity
Located 55km away from the City, Kanakapura Road is part of NH 209 and passes through Banashankari, Outer Ring Road, Konankunte, parts of JP Nagar and Uttarahalli. The proximity to other suburbs like Bannerghatta Road and Jayanagar has further added value to the locality. Improved connectivity and quick infrastructure development in the
neighbourhood has lured most investors towards this part of the City. Serene surroundings and large land spaces are some of the important factors that have driven the rise of several mid and luxury-scale apartments in the area, making it an emerging residential corridor.
Rapid paces of development
“As a fast-developing locality, Kanakapura Road has access to all facilities. It has well-built apartments by reputed builders like Sobha, Prestige, Nitesh, Brigade and so on. Good connectivity is one of the key factors for Kanakapura Road being one of the preferred localities in South Bengaluru,” says Bharath, a real-estate agent in the area. It’s close proximity to NICE Road, an express corridor between Bengaluru and Mysuru and connecting areas like Tumkur, Kengeri, Bannerghatta Road and Electronic City, adds to the advantage. The connectivity has catered to the IT professionals employed in BG Road and Electronics City. Affordable price and seamless connectivity to the workplaces have attracted the IT populace to settle in Kanakapura Road in great numbers.
Several proposed infrastructural plans by the government have boosted confidence among builders and investors. The development of metro, peripheral ring road, the proposed widening of the existing Kanakapura Road to four lanes are playing a crucial role in augmenting the real-estate demand in Kanakapura. “Kanakapura Road is expected to be one of the most sought-after residential suburbs in South Bengaluru in five years, provided the proposed plans are implemented,” adds Bharath.
Social infrastructure
Kanakapura Road has moderately developed social infrastructure. Interior parts of the locality have very few health, retail and educational institutions. However, the presence of Metro Cash and Carry, an international wholesale retailer (25,000 sq ft) and the upcoming Gardens Galleria Mall (3,00,000 sq ft) are some of the prominent retail outlets that have made the locality promising. Kanakapura Road is also home to several reputed educational institutions including Delhi Public School, Kumaran’s, Yellamma Dasappa Institute of Technology, Jain International, KSIT College, College of Ayurvedic Science and the Valley School. It also provides easy access to some of best healthcare institutions on BG Road such as the Apollo and Fortis Hospital. Other healthcare facilities in the area include Sri Sai Ram Hospital, Vasan Eye Care and Ayur-Arogya Ayurvedic Hospital.
“Water supply is excellent with the presence of Cauvery water supply and the presence of innumerable lakes. But like other parts of Bengaluru, Kanakapura Road also has regular power cuts,” says Amarnath, a real-estate agent from the area.
Market speak
The area is attractive to homebuyers who commute to Bannerghatta, Gotigere and Electronics City through NICE Road and Ring Road. The price also makes this locality a hot investment destination, which has offered good returns on capital appreciation.
According to realty experts, the average price range of a multi-storey apartment in the area is Rs 4,600 sq ft (it was Rs 4,299 per sq ft, during the last quarter). There has been an appreciation of seven per cent in the last three months. However, the sale of residential plot has dipped by 10 per cent. The average rental yield for a two-BHK apartment ranges between Rs 10,000 to Rs 17,000. If you are looking to invest in a two-BHK apartment in this area, you have to shell anywhere between Rs 40-60 lakhs.
Problem areas
Kanakapura Road is no exception when it comes to social infrastructural challenges in Bengaluru. “There are problems galore on Kanakapura Road – encroached footpaths, lack of streetlights, dangerous speed breakers and huge potholes,” maintains a harrowed resident. All these make it rather tough for the residents, especially as the issues don’t evoke much response from the government, she adds .
“While the locality has several residential apartments, it lacks major companies on this road. There are small-scale industries, which makes the locality seem far away from the IT/ITeS hubs,” observes Amarnath. “Most of the land is being acquired by builders for residential purpose because of which there is slow growth in the commercial segment,” says Bharath.
“Improper planning and execution by BBMP is the main cause. Gaping manholes, broken drainage pipelines and unavailability of footpaths create a lot of hassle to the commuters and is dangerous at nights...and nightmarish in the monsoons,” says another resident. “Garbage system is deplorable, and most of the bus stops are in a poor condition, calling for immediate attention,” says Manjula, a homemaker.
“Thousands of people travel on this pothole-ridden road and there have been several accidents, too. Traffic snarls are also very common here,” says Srivatsa, another hassled resident. “Lack of connectivity to other parts of Bengaluru is still a problem. It is actually quite far from the international airport,” adds Bharath.Overall, as an emerging residential
locality, Kanakapura Road offers a lot of options for homeowners as well as a safe avenue to park your money for good returns.
Some upcoming residential projects
Prestige Group - Prestige Falcon City
Brigade Group - Brigade Wisteria
Nitesh Estates - Nitesh British
Columbia
Sobha Limited - The Park and
The Plaza
Mantri Developers Pvt Ltd - Mantri Courtyard and Mantri Serenity
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(Published 30 April 2015, 17:09 IST)
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