Sarjapur is located on the south
eastern region of Bangalore and is home to the famous Infosys SEZ Tech Park. It
is surrounded by well-known areas like Chikkadunnasandra, Gudighattanahalli,
Chichuraganapalli, and Ittangur. Bangalore and its relatively famous outskirts
like Whitefield and Electronic City has almost reached the point of saturation
in terms of real estate development. In comparison to those areas Sarjapur is
still experiencing a lot of new real estate activities. The area has lot of
open space and green patches of land; making is an ideal choice for people who wish to buy 1 BHK flats in Sarjapur.
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| Image Source: Net |
The main USP of this area lies in
its proximity to the Outer Ring Road. There are about two lakh employees
working along the stretches of the Outer Ring Road, making this area a highly
sought after destination for the people working in the IT sector as a lot of
professionals prefer to live close to their workplace. Another factor which is
also acting as a major force behind Sarjapur popularity in the real estate market
is the relatively low price of land and property, when compared to the property
prices in other areas near the IT sector Bangalore.
The average value of a Sarjapur 1 BHK flats is estimated to be around
Rs. 4300- Rs 6500 per square feet. The rent
for an average 2BHK apartment is around 20,000-30,000 INR, while the rent for a
3BHK apartment stands at 25000- 35000 INR. Along with the property market, the
micro market has also experienced a price appreciation of around 5-7 % annually
in Sarjapur.
Currently there are around 8
multi storied projects that is being developed in Sarjapur. These projects are actively
selling around 2400 units annually and another 1700 units is being constructed
to be sold in the near future. The rate of price appreciation stands at 10%
annually, generally driven by the end demand from employees of the IT sector.
Sarjapur was quite famous among
the IT population looking for villas and luxury accommodation in the recent
past. However, with the availability of low parcel land and more affordable residential flats the area is expected to witness more real estate activity in the
coming years.
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