[ecis2016.org] Mahadevapura is one of eastern Bengaluru’s rapidly-developing regions and has been giving an impressive average annual return to investors, as per estimates. Mahadevapura is located near other areas such as Indira Nagar, Brookefield and Kadugodi and offers excellent connection to the bustling employment zones in the city
The Mahadevapura real estate market has taken off, due to its proximity to the Bagmane Tech Park in the area and the official inclusion of the area into the Bruhat Bengaluru Mahanagara Palike. Demand has gone up for flats in Mahadevapura owing to good future prospects. There is a beautiful bird sanctuary in the area, as well.
You are reading: Mahadevapura property market: An overview
Apartments in Mahadevapura are indeed lucrative to investors and 2 and 3-BHK configurations are the most preferred options, here. There are several well-known real estate builders in Mahadevapura, including Puravankara, Prestige, Raheja, Sobha and many others. Some of the prominent housing projects in Mahadevapura include Candeur Carlisle and Brigade Metropolis, which have transformed the area.
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While Mahadevapura is still a good option for affordable to mid-range investment options, neighbouring areas like Brookefield and Indira Nagar cater mainly to the upper range of the spectrum.
Other nearby Mahadevapura localities include Banaswadi, Brooke Fields and Kadugodi. Owing to the presence of major software technology parks nearby, along with access to all necessary social amenities, Mahadevapura offers better potential in terms of property appreciation than its neighbours.
Connectivity with nearby Mahadevapura localities
- The Bangalore City Junction railway station is accessible through the BMTC bus service network.
- Well-connected to State Highway 35, through Brooke Field Road and NH-75 and NH-44.
- Mahadevapura is at a distance of 26 kilometres from the Kempegowda International Airport.
Employment hubs near Mahadevapura
- Embassy Manyata Business Park – 13.3 kilometres via NH-75.
- Koramangala – 15 kilometres via NH-44.
- International Tech Park (ITPB) – 5.9 kilometres via ITPL Main Road or Whitefield Main Road.
- KIADB Industrial Area – 21.5 kilometres via NH-75.
- Bagmane Tech Park – 7.3 kilometres via NH-44 and Swamy Vivekananda Road.
- Electronic City – 25.6 kilometres via Hosur Road and NH-44.
- Whitefield – 9.3 kilometres via Whitefield Main Road/ITPL Main Road.
Impressive social infrastructure, is also one of the reasons for Mahadevapura’s demand. Leading schools in Mahadevapura include the Gopalan National School and Euro School Whitefield. Reputed hospitals in Mahadevapura include the Rainbow Children’s Hospital and Jeevika Hospital. Shopping malls in Mahadevapura include the Phoenix Market City Mall and Soul Space Arena Mall, to name a few.
Upcoming physical infrastructure in Mahadevapura
- The extension of the Namma Metro Service, to cover Mahadevapura, would be an added advantage for this locality.
- Construction of the elevated expressway, will also benefit Mahadevapura to a great extent.
- The Peripheral Ring Road will help to bring about decongestion in traffic, along the entire area.
Price trends in Mahadevapura
- Price appreciation – 3%-5% over the last quarter of 2016.
- Current property rates – Rs 3,738-6,217 per sq ft.
Reasons to invest in Mahadevapura
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The present price trends in Mahadevapura and its good connectivity to major business hubs, make it a great investment destination with fabulous future appreciation potential. Mahadevapura also offers decent social infrastructure to its residents. The only teething problem here, is indiscriminate garbage dumping and infrequent disposal.
Check properties in Mahadevapura
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
