[ecis2016.org] Manyata Embassy Business Park, also known as Manyata Tech Park, is one of the major software technology parks in India’s IT hub in Bengaluru. This tech park is located on the bustling business zone of ORR, near to the Hebbal region and comprises of one of the fastest-growing localities in the city. Manyata Tech Park is surrounded by areas like Kasturi Nagar and HBR Layout
The Manyata Tech Park real estate scenario has experienced a boom, ever since the IT industry in India took flight. The establishment of the sprawling technology park in this region, has majorly contributed to the rise in demand flats in Manyata Tech Park.
You are reading: Manyata Tech Park property market: An overview
The software technology park is actually located at Nagawara and spreads over 424 acres in all. The Park has a workforce of 95,000 professionals, as per estimates. There are several leading MNCs and IT giants present. There is a special community on the campus called Energize, which conducts sporting events, as well as community, music and cultural initiatives.
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Apartments in Manyata Tech Park are available for investors in various configurations, although 2 and 3-BHKs are among the most preferred here. Presence of some leading builders in Manyata Tech Park like Unishire, Puravankara, Prestige and others, has led to the development and construction of big-ticket projects in Manyata Tech Park.
Compared to the other nearby Manyata Tech Park localities like Varthur and HBR Layout, this area is more convenient for IT professionals and hence, it offers better future prospects in terms of investments.
Connectivity with nearby Manyata Tech Park localities
- Seamlessly connected to the other parts of Bengaluru, via the Outer Ring Road and Hebbal.
- Easy connectivity to Whitefield and Electronic City via NH-44.
- Manyata Tech Park is located 17 kilometres away from the Kempegowda International Airport.
- BMTC bus services connect this area to the other important parts of Bengaluru.
Employment hubs near Manyata Tech Park
- Koramangala – 27.7 kilometres via NH-75 and NH-44.
- International Tech Park (ITPB) – 17.8 kilometres via NH-75 and Whitefield Main Road.
- KIADB Industrial Area – 11.9 kilometres via Bellary Road.
- Companies present in this tech park – Nvidia, Microsoft, TCS, CTS, Cerner, IBM , HCL Technologies, Alcatel-Lucent, ANZ, Cognizant, Lowe’s, Fidelity, Concentrix, Larsen & Toubro Technology Services, Rolls-Royce, Nokia Networks, Philips, Voonik Technologies Private Limited and many more.
Manyata Tech Park is supported by good social infrastructure. Well-known schools in Manyata Tech Park include the Kingston High School and Dhee Global School. Leading hospitals in Manyata Tech Park include Embassy Manyata Hospital, Sri Sai Hospital and MS Ramaiah Memorial Hospital. Some of the popular shopping malls in Manyata Tech Park include Regalia Elements Mall.
Upcoming physical infrastructure in Manyata Tech Park
- The extension of the Namma Metro to cover Manyata Tech Park, will definitely improve accessibility. This is expected to come up soon, in the future phases.
- The 8-lane Peripheral Ring Road will boost connectivity to a large extent along the entire corridor.
Price trends in Manyata Tech Park
- Price appreciation – 10%-15% over the last quarter.
- Current property rates – Rs 4,594-6,696 per sq ft.
Reasons to invest in Manyata Tech Park
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Looking at the price trends in Manyata Tech Park and the presence of so many leading companies here, it is obvious that residential demand will stay intact and prices will appreciate steadily in the future. The only teething problem here, is the huge traffic congestion during peak hours.
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