Lifestyle

Bommanahalli property market: An overview

[ecis2016.org] Bommanahalli is the neighbour of the IT boulevard of Bengaluru, namely Electronic City and also among the most rapidly-growing localities, which is undergoing immense development. Bommanahalli at present, has more than 60 new residential projects under construction and it lies adjacent to the extremely busy Hosur Road

The Bommanahalli real estate market has been positively impacted, by the presence of major IT parks along the ORR and also after this locality was officially inducted into the Bruhat Bengaluru Mahanagara Palike. Its strategic location near Hosur Road and Electronic City, has led to demand increasing for quality residential flats in Bommanahalli. Bommanahalli is proving to be a smart choice for investors, since there are various housing options available here.

Bommanahalli is known for the Oxford College of Engineering and the Oxford Dental College, Hospital and Research Centre.

Several premium residential projects have come up here, when it comes to finding apartments in Bommanahalli. The most prominent builders in Bommanahalli include Puravankara, Mahaveer, Prestige, Sekhar, Ozone, Brigade and many others.

While this region is a smart choice for affordable and mid-range housing options, the adjoining areas like HSR Layout and Hosur Road, cater mainly to the upper range of the real estate market, since the property rates are higher. Owing to easy connectivity to Electronic City and rapidly developing social amenities, the area has got a better appreciation potential, compared to most of the nearby Bommanahalli localities.

Connectivity with nearby Bommanahalli localities

  • Well-connected to Indira Nagar (10.9 kilometres).
  • Nearest Namma Metro stations are Halasuru and Trinity.
  • Located along the Hosur Road, which is one of the busiest areas of Bengaluru.
  • Bommanahalli is located 44 kilometres away from the Kempegowda International Airport.
  • BMTC bus network connects Bommanahalli to several other areas of the city.

Proximity to business zones

  • Electronic City – 11.1 kilometres via NH-44.
  • Koramangala – 5 kilometres via Hosur Road.
  • International Tech Park (ITPB) – 22 kilometres via NH 44.
  • Companies in the area – KPMG, Oracle, HGS, Telsoft and many others.

Schools in Bommanahalli and other social amenities

There are several reputed schools in Bommanahalli, including the Oxford College of Engineering and Oxford Dental College, Hospital and Research Center. Leading hospitals in Bommanahalli consist of the Prashanth Hospital, Jayashree Multi-Speciality Hospital and others. Popular shopping malls in Bommanahalli comprise of the Royal Meenakshi Mall, Gopalan Innovation Mall, Forum Mall and Inorbit Mall, to name a few.

Physical infrastructure in Bommanahalli

  • The Karnataka State Government has sanctioned about Rs 100 crores, to take care of infrastructural developments in Bommanahalli, which was badly affected by floods in 2016.
  • The upcoming Peripheral Ring Road with 8 lanes, will help to decongest traffic along the entire stretch.
  • Price appreciation – 11%-13% over the last couple of years.
  • Current property rates – Rs 3,338-4,819 per sq ft.

Reasons to invest in Bommanahalli

Taking a look at the price trends in Bommanahalli and all the other points, it is clear that there will be a rising demand for residential spaces in the future. At present, the property rates are competitive and there are housing options aplenty. The proximity to Electronic City and growing social infrastructure, have scaled up the appeal of the locality.

There are some issues concerning potholes and other civic infrastructure. However, the future prospects look decent for this locality.

Check properties in Bommanahalli

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Debora Berti

Università degli Studi di Firenze, IT

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