[ecis2016.org] Majestic or Majestic Bus Stand, which is often known as Kempegowda Bus Station, is located in central Bengaluru. Majestic is one of the most rapidly-growing areas, with a high rate of development in terms of social and civic infrastructure. Majestic has many prominent upcoming residential projects and lies near important localities like Seshadri Road, Danavanthri Road and Tank Bund Road
The Majestic real estate market’s demand has surged significantly, owing to its strategic location, which offers easy access to the major business hubs in Bengaluru and has excellent transportation facilities. Being located at the city centre, there has always been huge demand for flats in Majestic. This central Bengaluru locality usually witnesses property rates on the higher side.
You are reading: Majestic property market: An overview
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Many options are there when it comes to apartments in Majestic but 2 and 3-BHK are mostly preferred, here. Prominent real estate builders in Majestic consist of Puravankara, Prestige, Raheja, Mahaveer, Sekhar, Brigade and many others. Some of the best projects in Majestic include ETA The Gardens, among others.
Majestic is definitely a good option for affordable and mid-range residential properties. Other nearby Majestic localities include Avenue Road, Lokmanya Tilak Park and Sheshadri Road. Due to the easy transportation facilities to the main business areas of the city, along with the IT parks in close proximity, Majestic offers impressive appreciation potential, in comparison to most of its adjoining localities.
Connectivity with nearby Majestic localities
- Located at the centre point of Bengaluru, with seamless access to all major areas of the city.
- Located exactly opposite to the Bangalore City Railway Station.
- Majestic is located around 22 kilometres away from the Kempegowda International Airport.
- BMTC bus services connect Majestic to all other parts of the city.
- Majestic has the largest metro railway station in India. It allows passengers to transfer between the Green and Purple Lines of Namma Metro.
Employment hubs near Majestic
- Embassy Manyata Business Park – 13.4 kilometres via Bellary Road.
- Koramangala – 11.7 kilometres via Hosur Main Road.
- International Tech Park (ITPB) – 21.1 kilometres via Swamy Vivekananda Road and Whitefield Main Road.
- Wipro Corporate Office – 4.1 kilometres via Seshadri Road.
- Electronic City – 21.8 kilometres via Hosur Road.
- Bagmane Tech Park – 13.1 kilometres via Cubbon Road.
- KIADB Industrial Area – 25 kilometres.
Majestic is supported by modern social infrastructure. Leading schools in Majestic include the Isaac Newton High School, Bangalore International School and Carmel High School. World-class healthcare facilities are offered by hospitals in Majestic which include Sreenivasa Hospital, Leprosy Hospital and Bangalore Hospital. Popular malls in Majestic for entertainment include the Alankar Plaza and Coupon Mall, to name a few.
Physical infrastructures in Majestic
- The proposed construction of the elevated expressway in Bengaluru, is the most-awaited development in the city, which is expected to bring relief to daily commuters facing infamous traffic snarls in the city.
- The Peripheral Ring Road will also serve to reduce the burden of traffic along the entire corridor.
Price trends in Majestic
- Price appreciation – 3%-5% over the last couple of years.
- Current property rates – Rs 6,800-11,645 per sq ft.
Reasons to invest in Majestic
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Being located at the city centre, Majestic always makes for a fantastic investment proposition. Excellent connectivity and transport options, along with good social infrastructure, mean favorable price trends in Majestic in the future. The area faces heavy traffic in peak hours but it makes for a great investment option overall.
Check properties in Majestic
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Source: https://ecis2016.org
Category: Lifestyle
