[ecis2016.org] Gottigere is one of the rapidly growing areas, located in the southern part of Bengaluru. Gottigere currently has more than 70 new and upcoming residential projects and lies near areas like Electronic City and NICE Road. There is also the Gottigere Lake, from which the place has received its name
The Gottigere real estate market has taken off, due to its closeness to the main IT hubs in Bengaluru and the official inclusion of the locality into the Bruhat Bengaluru Mahanagara Palike. Gottigere has experienced a huge developmental change, since the IT boom in the 1990s. Consequently, the demand for flats in Gottigere has surged.
You are reading: Gottigere property market: An overview
Gottigere is located along the important Bannerghatta Road and is surrounded by the NICE Road. The Gottigere Lake is a major landmark in the area and there are several IT companies, located along the Bannerghatta Road and also at Electronic City. The locality is known as an educational hub, with several schools and colleges located here.
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When it comes to apartments in Gottigere, there are various options available, although 2 and 3-BHK are the most preferred configurations. There are many leading builders in Gottigere including Prestige, K Raheja, Puravankara, Sekhar, Brigade and others.
While Gottigere still has many affordable and mid-range housing options, the neighbouring areas, such as Electronic City, mostly cater to the upper end of the market, as property rates are on the higher side. Due to the proximity to major IT parks here, along with all necessary social infrastructure, Gottigere offers good appreciation potential, compared to nearby Gottigere localities.
Connectivity with nearby Gottigere localities
- Well-connected to the Bangalore City Junction Railway Station.
- Easily connected to Nagawara Metro station.
- Gottigere is located 48 kilometres away from the Kempegowda International Airport (about an hour’s drive).
- BMTC bus services connect this area to other important parts of the city.
Employment hubs near Gottigere
- International Tech Park (ITPB) – 29 kilometres via 100 Ft Ring Road and Outer Ring Road.
- Koramangala – 11.6 kilometres via Bannerghatta Main Road.
- Bagmane Tech Park – 21.2 kilometres via Bannerghatta Main Road.
- Electronic City – 13.2 kilometre via NH-48.
- Wipro Corporate Office – 15 kilometres via Bannerghatta Main Road.
Gottigere has solid social infrastructure, with reputed schools in Gottigere including the Silicon Valley School and Carmel Academy. Leading hospitals in Gottigere include the Government Hospital and others. Popular malls in Gottigere include the Royal Meenakshi Mall and Gopalan Innovation Mall, to name a few.
Upcoming physical infrastructure in Gottigere
- The second phase of the Namma Metro, will cover Gottigere.
- The 8-lane Peripheral Ring Road, will also help to reduce traffic congestion in the entire area.
Price trends in Gottigere
- Price appreciation – 1%-5% over the last quarter of 2016.
- Current property rates – Rs 2,835-4,554 per sq ft.
Reasons to invest in Gottigere
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Considering the current price trends in Gottigere and its competitive property rates, future appreciation will benefit investors. Proximity to several business hubs and Electronic City, will also help. Teething issues in the locality include garbage disposal issues and a few poor stretches between Gottigere and the NICE Road Junction.
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Source: https://ecis2016.org
Category: Lifestyle
