[ecis2016.org] Cooke Town is located near the Bengaluru Cantonment area and is one of the fastest-growing residential localities. This is one of the oldest neighborhoods of Bengaluru, which witnessed widespread modernisation with the coming up of luxury apartments, in place of British-era houses. Cooke Town is bordered by Fraser Town, Cox Town, Richmond Town and Langford Town
The Cooke Town real estate market has seen a major upheaval, with the rise of residential apartments, owing to the strategic location of this place, which offers easy access to the major business centres in the city. Cooke Town has witnessed a steady transformation, since the IT boom in the 1990s, owing to which the demand for flats in Cooke Town has increased and the locality has become more cosmopolitan in nature.
You are reading: Cooke Town property market: An overview
Cooke Town is located in the Bengaluru Cantonment zone in the north-eastern part of the city. Cooke Town is one of the city’s oldest and most charming localities. It derives its name from the president of the Bengaluru Civil and Military Station, GH Cooke. The area has witnessed several British-era bungalows making way for luxury apartment complexes. Cooke Town is today, one of the city’s most posh and coveted neighboruhoods, with ample natural greenery and several parks. It lies near the Bangalore east railway station and CBDs.
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Cooke Town is more coveted than many of its neighbours, owing to its social infrastructure. The area is home to restaurants, with cuisine options ranging from Lebanese, Syrian, Vietnamese and French to local options. Cooke Town has a large native Tamil population but has steadily become more cosmopolitan. Major landmarks include the Bangalore Pork Shop, Milton Street Park, Ascension Church, Cooke Town Park, Richard’s Bakers & Confectioners, Village Supermarket, Mini Bazaar and the High Street Children’s Park.
Well-developed social infrastructure, coupled with easy connectivity to the city, mean that Cooke Town offers better scope of appreciation, in comparison to most of the other nearby Cooke Town localities.
When it comes to apartments in Cooke Town, there are various options, although 2 and 3-BHK are mostly preferred here. There are several leading builders in Cooke Town including Prestige, K Raheja, Puravankara, Sekhar, Brigade and many others. Some big-ticket projects in Cooke Town include Prestige Woodland Park and EGPI Arcadia, to name a few. You will find mid-range to premium and luxury housing options in this area.
Connectivity with nearby Cooke Town localities
- Well connected to the IT hubs and important commercial zones, along with shopping centres of MG Road.
- Excellently connected to the Commercial Street and Brigade Road.
- Nearest Namma Metro stations are at Byappanahalli and MG Road.
- Cooke Town is located 35 kilometres away from the Kempegowda International Airport.
Employment hubs near Cooke Town
- Embassy Manyata Business Park – 8.2 kilometres via NH-44 and NH-75.
- Koramangala – 10.9 kilometres via Lower Agaram Road.
- International Tech Park (ITPB) – 15.6 kilometres via Whitefield Main Road.
- KIADB Industrial Area – 6.1 kilometres via Haines Road.
- Bagmane tech Park – 7.1 kilometres via Charles Campbell Road.
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Cooke Town has well-developed social infrastructure in place. Leading schools in Cooke Town include Oasis International School and Clarence High School. Well-known hospitals in Cooke Town include the Mathrusri Ramabai Ambedkar Dental College & Hospital and Santosh Hospital. Popular shopping malls in Cooke Town include the Phoenix Mall and Esteem Mall.
Upcoming physical infrastructure in Cooke Town
- The second phase of the Namma Metro, will cover Cooke Town. The Purple Line, once operational, will immensely help improve connectivity.
- Construction of the foot bridge, to cross the unmanned level crossing at Wheeler Road Junction, will help the residents to a great extent.
Price trends in Cooke Town
- Price appreciation – 1%-3 % over the last quarter.
- Current property rates – Rs 6,863-11,290 per sq ft.
Reasons to invest in Cooke Town
Considering the price trends in Cooke Town and its connectivity to major business hubs and city areas, appreciation is likely to be slow but steady in the future. Cooke Town offers excellent social infrastructure and livability. Teething issues include garbage disposal woes and narrow roads in some stretches.
Check properties in Cooke Town
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
