Bangalore’s real estate market has experienced a remarkable boom, with certain areas surpassing others in terms of development and subsequent price escalation. Among these standout locations, Sarjapur, situated in the eastern part of the city, has transformed from a quiet neighborhood into a realty hotspot.
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This evolution is attributed to the influx of major companies, such as Wipro, Meesho, and Navi, leading to a surge in population and a heightened demand for homes in the vicinity. Sarjapur’s trajectory has been nothing short of remarkable, evolving from a serene neighborhood to a bustling realty hotspot within just five years.
Source: Square Yards
Buyers typically consider various factors when purchasing a property, such as proximity to workplaces, accessibility to educational institutions, medical facilities, and convenient access to shopping and entertainment options. Sarjapur, being a rapidly developing part of Bangalore, boasts good connectivity to major IT areas like Whitefield, Koramangala, HSR Layout, Marathahalli, Electronic City, and the Outer Ring Road (ORR). This has significantly contributed to its appeal as a sought-after residential destination.
The landscape of Sarjapur has undergone a dynamic shift with the emergence of numerous offices, IT parks, and brand showrooms. The area’s transformation mirrors the real estate dynamics of Mumbai, where high property prices are driven by inventory constraints and high demand. The demand for ready-to-move-in (RTMI) properties in Sarjapur has outpaced the limited supply, leading to a substantial increase in the average price per square foot. Over the past three years, the price has nearly doubled, soaring from Rs 6000-8000 to the current range of Rs 11000-13000.
Source: Prestige Group
The surge in demand has not only impacted property prices but has also fueled a hotbed of new launches in Sarjapur. Real estate developers are strategically capitalizing on the robust sales momentum, resulting in the launch of 50 projects in the past three years. The heightened demand has led to the rapid absorption of these projects, further contributing to the area’s transformation into a realty hotspot.
One crucial factor contributing to the increased demand in Sarjapur is the upcoming metro line. The improved public transportation connectivity promises reduced commute times, making Sarjapur an even more attractive prospect for property investment. Both end consumers and investors stand to benefit from this development, further solidifying Sarjapur’s status as a sought-after residential and investment destination in Bangalore’s dynamic real estate market.
