Lifestyle

Jakkur property market: An overview

[ecis2016.org] Jakkur is located in the northern part of Bengaluru and it is among the fastest-developing localities, with an attractive average annual return of 11%-14%, as per market estimates. Jakkur currently has more than 100 new and upcoming residential projects and is located near areas like Hebbal and Kodigehalli

Demand in the Jakkur real estate market, has taken off as it is home to the Bangalore Flying Club and the Jakkur Aerodrome, which is the only general aviation field in the city. This is also home to the Government Flying Training School. The entire aerodrome spreads over 214 acres and offers flight training, private hangars and other facilities. It is a major landmark in the area. Demand for flats in Jakkur has also gone up significantly, due to its good connectivity and developing social infrastructure.

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Jakkur is located in northern Bangalore after Hebbal. Jakkur is also home to the Jawaharlal Nehru Centre for Advanced and Scientific Research, which was founded in 1989 and is another landmark here. The Bellary Road is a major lifeline here, while the Kodigehalli railway station is nearby. The area is dotted with lush natural greenery and has the pristine Jakkur Lake. The Baptist Mission Hospital is a major landmark here, along with the Manipal School of Information Technology.

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2 and 3-BHK apartments in Jakkur are the most sought-after configurations, by property investors. This is offered by many of the leading builders in Jakkur, which includes Puravankara, Prestige, Sobha, Sekhar, Brigade and several others. Some big-ticket housing projects in Jakkur include Sobha Emerald, Brigade Northridge and Prestige Dorchester, to name a few.

Jakkur is quite a lucrative investment destination, which also guarantees a high standard of living. This area is also a good choice for those who are looking to invest in affordable and mid-range housing. The nearby Jakkur localities include BIAL Road and Hebbal. Jakkur has hugely competitive property rates and offers good scope of future appreciation due to its connectivity and developing social infrastructure.

Connectivity with nearby Jakkur localities

  • Well-connected to the Bangalore City Junction Railway Station – 17 kilometres.
  • The nearest Namma Metro railway stations are Byappanahalli Metro Station (8.7 kilometres) and Swami Vivekananda Metro Station (9 kilometres).
  • Jakkur is located 26 kilometres away from the Kempegowda International Airport.
  • BMTC bus services connect Jakkur to all other important parts of the city.
  • Bellary Road runs near the locality.
  • Kodigehalli Railway Station is the nearest railway station.

Employment hubs near Jakkur

  • Embassy Manyata Business Park – 3.3 kilometres.
  • Koramangala – 23.7 kilometres via Bellary Road.
  • International Tech Park (ITPB) – 19.9 kilometres via NH-75 and Whitefield Main Road.
  • KIADB Industrial Area – 14.5 kilometres via Bellary Road.
  • Jakkur Aerodrome is located in the vicinity.
  • Wipro Corporate Office – 15.3 kilometres via NH-74/NH-44.

Schools in Jakkur and other social amenities

Reputed schools in Jakkur include the Vibgyor High Jakkur, Greenfield Public School and Government Flying Training School. Leading hospitals in Jakkur include the Regal Hospital Bangalore, Motherhood Hospital and Columbia Asia Hospital – Hebbal. Popular shopping malls in Jakkur include the Regalia Elements Mall and Orion Mall, to name a few.

Upcoming physical infrastructure in Jakkur

  • Construction of the proposed elevated expressway, will boost connectivity in the area.
  • The construction of the proposed Peripheral Ring Road, supporting 8 lanes of traffic, will decongest traffic to a great extent in the entire stretch.
  • Price appreciation – 1%-3% over the last quarter of 2016.
  • Current property rates – Rs 4,077-6,047 per sq ft.

Reasons to invest in Jakkur

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Taking a look at the current price trends in Jakkur, including all the other factors here, it is certain that demand will continue to rise for residential housing. The connectivity to major business destinations, presence of the Aerodrome and other developing social infrastructure, will continue to facilitate appreciation. The only downside is that the manmade wetland project for the Jakkur Lake has misfired, leading to sewage and drainage issues.

Check properties in Jakkur

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

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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