South-East Bangalore - The Hub of Villas

Admin November 19, 2015, 08:10 PM Sarjapura, Bangalore - The Hub of Villas
Sarjapur started to attract IT companies History

Located in South-East quadrant of Bangalore, Sarjapur is one of the fast developing real estate hub in the city. Even in the 21st century, Sarjapur was most rural in character and was headquarter for Anekal taluk until 1873, with a population of 3,017.

The major occupation then was sericulture. Raw, high quality silks were produced in the area since the reign of Tipu Sultan, which were transported to other centers that converted the raw silk into cloth. There was enough variety produced by the sericulture industry in Sarjapur that farmers were able to manufacture silks of different diameters that led to different textures in final woven cloth.

”History

The travel account of Buchanan who visited Bangalore in 1800 gives an exhaustive account of trading and commercial activities of Bangalore. According to him, apart from Bangalore, neighboring villages like Agara, Halasur, Hesaraghatta, Varthur and Kengeri were centers of brisk wholesale trade. Sarjapur near Anekal was noted for Muslin cloth. Saries manufactured at Aralepete were famous throughout the state and were exported to far off places like Mangalore, Bellary, Bombay and other places near sea ports. But, today, finest quality of muslin is neither made nor manufactured in Sarjapur.

Acceleration

Progressively, from 1996-2002, Outer Ring Road came into existence which was proposed by BDA for ease traffic throughout the city. Also, during the late 90’s when the IT boom uplifted in Bangalore, Sarjapur started to attract IT companies and start-ups to set shop here.

Reasons being, connectivity to and from Sarjapur had improved by leaps and bounds. From the early 2000’s, with good connectivity to the major IT clusters of Bangalore, and well planned and timely developing residential and commercial infrastructures, this region’s prosperity unfolded.

Once known as a small village coming in Anekal taluk, today, boasts of hosting several IT majors. It houses Azim Premji Foundation, a university campus of over 75 acres and also an upcoming SEZ exclusively for IT on a land parcel of over 300 acres by Infosys.

”Sarjapur

Sarjapur’s connectivity to IT hubs and its location along the Outer Ring Road (ORR) is what makes it an excellent destination for residential and commercial developments. This area is well connected to other IT hotspots such as Whitefield, Electronic City, Bommanahalli, Bommasandra, Marathahalli, Silk Board Junction, Anekal, Koramangala and Madiwala. Home buyers enjoy the convenience of living close to their work place.

Sarjapur, and its micro markets

Lately, this year, Sarjapur is emerging as one of the most promising markets for villa projects in Bangalore. A good reason is that real estate prices on Sarjapur Road have been more affordable compared to its similar counterparts. Villa type of development in this location has a total supply of 17.6 Mn sq. ft.

Area Supply in Lakh sq. ft. Size Range
Sarjapura East 35 1860 - 2967
Attibele - Sarjapur Road 34 1860 - 2967
Sarjapur - Bagalur Road 35 2111 - 3564
Bommasandra 25 1962 - 2433
ChikkaTirupati 20 1744 - 3412
Gunjur 10 3117 - 4934
Sarjapura Rd 9 3029 - 4263
Sarjapura 8 2255 - 3093

Sarjapur East and the Attibele-Sarjapur road has the maximum supply of villa development. The size range here varies from 1257-5200 sq. ft. built up area. The average saleable area here is analyzed to be around 3228 sq. ft. The average price in Attibele-Sarjapur road is observed to be INR 4,398 per sq. ft.

Ticket Category Supply in Lakh sq. ft. Size Range
60-80 lakh 24 1716 - 2196
80 lakh - 1 cr 40 2044 - 3139
1 -1.2 cr 31 1566 - 3182
1.2 -1.5 cr 14 2002 - 3509
1.7 - 2 cr 13 2687 - 4654
2 -3 cr 19 2743 - 4216
3 cr and above 20 3192 - 4676

Villas in this region are priced from anywhere between INR 60 lakh-3 crore and above. It has been noticed that the price category of INR 80 lakh-1 crore has the highest number of villa projects. The total supply in this price bracket is of about 4 Mn sq. ft. of villa development. Villas in this price have varied sizes ranging from 2044-3139 sq. ft.

Sarjapur road has a large primary supply of Apartment development. The total size of Apartment development in Sarjapur road stands at 32.2 Mn sq. ft. Haralur road branching out of Sarjapur road has a primary supply of 9.9 Mn sq. ft. whereas Hosa road has a supply of 1 Mn sq. ft. of Apartment development.

Sarjapur road has Apartment units ranging from as low as 700 sq. ft. for a 1 BHK upto 3000 sq. ft. for a 5 BHK. An average size of 2 BHK Apartment in Sarjapur road is 1200 sq. ft. and the average price of the unit will come up to INR 54.4 lakhs. The bigger Apartment units sizing 3000 sq. ft. is priced at INR 1.3 crore. The average size of Apartment units in Haralur road is relatively better than Sarjapur road. An average 2 BHK Apartment in Haralur is of 1250 sq. ft. costing INR 62.6 lakhs whereas a 3 BHK is of 1860 sq. ft. costing INR 93.2 lakhs.

The Forecast

Sarjapur is growing steadily until date. Outer Ring Road has recorded 2,00,000 employees working on that stretch, which makes Sarjapur an obvious choice. Also being more affordable in prices compared to other similar markets is a plus point. The density of the population in this area is very high.Investments here can be advantageous as it will lead to sharper appreciation, given the higher demand in this market.

A good portion of the demand is expected to come from mid-range residential spaces.With significant Grade A office space supply in the pipeline and a rise in affluent employee base in this part of the city, the demand for housing is likely to sustain in the years to come.

Sarjapur is not only about IT, connectivity and housing. Even to this day, it is known for its Billapura Lake, lush greenery, reputed schools, universities and rapidly growing hospitality sector. Considering all the factors, the demand for the area will not reach a point of saturation any time soon, since there is constant growth and development.



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