[ecis2016.org] Domlur is a small but well-developed township that is located in the eastern part of Bengaluru. It is surrounded by multinational IT companies and is one of the fastest growing localities with impressive average annual returns. Domlur lies near areas like Koramangala, Marathahalli and the old airport, where property rates are higher
The Domlur real estate market, has witnessed some major developments, due to the presence of the gigantic tech park, Embassy Golf Links (EGL), here. The IT boom in the 1990s was a prime catalyst for this area to flourish. Flats in Domlur are in high demand today, with the investors mostly belonging to the IT sector. Domlur is flanked by the offices of several MNCs and BPOs. Domlur is also home to divisions of the Indian Air Force and Army Service Corps. The famous tenth century Chokkanathaswamy Chola temple is located here.
You are reading: Domlur property market: An overview
The Old Airport Road Flyover, is another major landmark in the area and connects to the Inner Ring Road Junction. The flyover is a major connectivity lifeline for residents. The Domlur SAARC Park is another recreational hotspot in the locality.
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There are diverse options available, when it comes to buying apartments in Domlur, although 2 and 3-BHK homes are mostly preferred. There are many well-known builders in Domlur, including Puravankara, Prestige, K Raheja, Uniworth, Sekhar and Brigade, among others, engaged in big-ticket projects in Domlur which include Lotus Beau Monde and others.
While Domlur is still a good choice for investing in affordable and mid-range residential spaces, the neighboring Koramangala and Marathahalli have options mainly in the upper end of the range, with higher property rates. Other nearby Domlur localities includes Bengaluru CBD and Whitefield. Due to the presence of giant IT parks here, along with the ready availability of all necessary social infrastructure, Domlur offers better potential for appreciation, as compared to its neighboring localities.
Connectivity with nearby Domlur localities
- Well-connected to major parts of the city via Old Airport Road and Inner Ring Road.
- Excellently connected to areas like Indira Nagar, MG Road, Koramangala and ORR.
- The nearest railway station is Yeshwanthpur Railway Station – within 11 kilometres.
- Domlur is located 39 kilometres away from the Kempegowda International Airport via Bellary Road.
- The nearest metro station is Indira Nagar Metro Station – 2 kilometres.
- BMTC bus service connects this locality to other parts of the city.
Employment hubs near Domlur
- Embassy Golf Links Business park – 2.6 kilometres via 100 Feet Road and Embassy Golf Links Road.
- Embassy Manyata Business Park – 16 kilometres via NH-44 and NH-75.
- Koramangala – 5.7 kilometres via 100 Feet Road.
- International Tech Park (ITPB) – 13.6 kilometres via HAL Old Airport Road and Varthur Main Road.
- Companies here – IBM, Intel, Dell, Microsoft, Yahoo, Target, NetApp, Mistral Solutions, ANZ and many more.
- KIADB Industrial Area – 7.6 kilometres via HAL Old Airport Road and Cubbon Road.
- Whitefield – 13.2 kilometres via HAL Old Airport Road and Varthur Main Road.
Domlur boast of a solid social infrastructural support, with reputed schools in Domlur like Patel Public School and MVJ International School. Leading hospitals in Domlur include the Air Force Hospital and Manipal Hospitals. Popular malls in Domlur include the Family Mall and One MG Road Mall, to name a few.
Upcoming physical infrastructure in Domlur
- Extension of the Namma Metro service in Bengaluru, will include Domlur and will boost accessibility to a large extent.
- The completion of the Peripheral Ring Road, will help to ease traffic congestion in the entire corridor.
Price trends in Domlur
- Price appreciation – 3%-8% over the last quarter.
- Current property rates – Rs 3,356-5,177 per sq ft.
Reasons to invest in Domlur
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Taking the price trends in Domlur into account, along with its good social infrastructure, competitive property rates and accessibility to numerous business hubs, the future looks promising for this locality. This will be a good investment destination in the future. Teething issues include garbage disposal woes and poor roads in some stretches.
Check properties in Domlur
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
