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’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.
||Supply in Lakh sq. ft.
||1860 - 2967
|Attibele - Sarjapur Road
||1860 - 2967
|Sarjapur - Bagalur Road
||2111 - 3564
||1962 - 2433
||1744 - 3412
||3117 - 4934
||3029 - 4263
||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.
||Supply in Lakh sq. ft.
||1716 - 2196
|80 lakh - 1 cr
||2044 - 3139
|1 -1.2 cr
||1566 - 3182
|1.2 -1.5 cr
||2002 - 3509
|1.7 - 2 cr
||2687 - 4654
|2 -3 cr
||2743 - 4216
|3 cr and above
||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.
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.