Bengaluru real estate has enjoyed robust growth for the past 5-10 years with new localities emerging regularly. Bengaluru is an inland city with ample potential to expand in all directions. The availability of great social infrastructure and the promise of Metro Rail connectivity allows builders as well as buyers to enter new areas, with KR Puram being prime among them.
Employment generation is one of the key factors in Bengaluru real estate appreciation. This became very apparent from the IT boom and the resulting demand for real estate in Bengaluru. Unlike speculative markets, Bengaluru’s real estate is based on solid fundamentals including location and connectivity. These factors contribute to KR Puram being a prime destination for investment and emerging as one of Bengaluru’s most sought after residential addresses. Here are some reasons why KR Puram is the best place to live in Bengaluru.
Excellent Social Infrastructure
One of the biggest factors for home buyers in KR Puram is proximity to vital social infrastructure. Proximity to the best schools, state-of-the-art hospitals and opportunities for entertainment and recreation are not optional, but a necessity. KR Puram checks all of these boxes. Schools like Kendriya Vidyalaya, VIBGYOR High and Orchids The International School ensure that your child receives an early advantage through a world-class education. There are also several reputed hospitals like Columbia Asia and MS Ramaiah Memorial Hospital which offer cutting-edge medical treatment with a number of specialties. There are also numerous malls and restaurants to ensure that you and your family will have an abundance of entertainment options.
Abundance of Commercial Hubs
Due to the establishment of major IT parks, including Manyata Tech Park, along with access to social infrastructure, KR Puram offers numerous employment opportunities and ease of commuting. Upcoming commercial development around the region includes a hardware and an aerospace park with global companies such as Wipro and TCS. This is set to create at least 2.5 Lakh jobs in the area. With the Government’s announcement to revive the Information Technology Investment Region project, this initiative would generate about 40 Lakh jobs in the region. The first phase of the project is expected to be operational by 2020. BIAL is also planning to expand the Kempegowda International Airport into an aerotropolis or a mini city built around an airport, which will make Bengaluru more business-friendly.
Connectivity is the major USP of the area. The second phase of the Namma Metro through which KR Puram will get metro connectivity is under construction. Nagawara in the south of the city is set to be connected to the airport in the north via Phase II of Namma Metro. A 33 kilometer proposed High-Speed Rail Link (HSRL) is also in development, connecting central Bengaluru to the airport. To ease traffic congestion, an East – West Corridor from KR Puram to Goraguntepalya is proposed. Also, quadrupling of the Bengaluru City-KR Puram-Whitefield railway line stretch is proposed.
Numerous Housing Options
The prominence of KR Puram as a residential real estate hub is only now being realised. Due to this, property prices are still comparably affordable. The present rates are competitive, with housing choices to suit all budgets. For a lower price, home buyers in KR Puram can enjoy a larger space with better amenities. KR Puram has numerous apartments, plots and villas available by reputed developers in a wide range of prices. Many of the new projects come with a host of modern amenities including club houses, swimming pools and gyms. Taking into consideration the current price trends in KR Puram, it is certain that demand will increase in the near future.