[ecis2016.org] Jayanagar is a prime residential as well as commercial locality, located in southern Bengaluru. At present, Jayanagar has about 50 residential projects under construction and lies near areas like BTM layout, JP Nagar, Banashankari, which have high property rates
The Jayanagar real estate market has been on the upswing, owing to the presence of the International Tech Park (ITPB) and the induction of this region into the Bruhat Bengaluru Mahanagara Palike. Jayanagar has witnessed a significant transformation, since the IT boom, due to which, the demand for flats in Jayanagar has shot up rapidly and the locality now has a cosmopolitan feel.
You are reading: Jayanagar property market: An overview
Jayanagar is one of Bengaluru’s foremost commercial-cum-residential neighborhoods. Jayanagar was founded in the year 1948 and is also known for the Gramadevata Goddess Festival. The area is divided into 7 wards and ten blocks. The 3rd and 4th blocks are predominantly commercial zones, while the remainder are residential zones. Jayanagar was earlier perceived as the southern limit of Bengaluru. The South End Circle and Ashoka Pillar, still bear testimony to the area’s historical past.
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The Jayanagar Shopping Complex is a major landmark here, along with the beautiful parks on either side of the Nanda Road. The 4th block is home to several restaurants, shopping destinations and eateries. There is also an Inox Multiplex and bus stand in this block. The Ragigudda Temple and Shree Dharmanath Temple, are the other religious landmarks here. The area is also known for being an educational hub, with major institutions like the Vijaya High School and Sudarshan Vidya Mandir National College located here. Jayanagar is home to a predominantly upper middle-class population, along with government officers. However, the area has witnessed an influx of several IT professionals and businessmen recently. Prominent citizens living here include NR Narayana Murthy, the founder of Infosys, writer Shashi Deshpande and many others.
Although there are various options available, when it comes to apartments in Jayanagar, 2 and 3-BHK homes are the most preferred configurations here. The most prominent builders in Jayanagar include Puravankara, Prestige, Sobha, Brigade and many others. Some landmark projects in Jayanagar include Sobha Opal, Jain Prakriti and Mantri Gardens, which have transformed the area. This area is a good bet for those looking for high-end housing choices, since the property rates are on the higher side here. Due to the establishment of major IT parks in the city, along with all required social infrastructure, Jayanagar offers better potential for appreciation, as compared to most of the neighboring localities.
Connectivity with nearby Jayanagar localities
- Well-connected to the Bengaluru City Junction Railway Station, which is just 7 kilometres away.
- Excellently connected to the most important parts of Bengaluru, like Bannerghatta Road, BTM Layout, KR Road and Banashankari.
- Jayanagar is located 40 kilometres away from the Kempegowda International Airport (about an hour’s drive).
- BMTC bus network connects the area to several other parts of the city.
Proximity to employment hubs in Jayanagar
- Koramangala – 5 kilometres via Bannerghatta Main Road.
- Companies present nearby – Siemens, Capgemini, Qualcomm, Infosys, Tata Consultancy Services, Wipro Ltd and many others.
- Wipro Corporate Office – 8.6 kilometres via KH Road.
- Electronic City – 14.6 kilometres via Hosur Road.
[ecis2016.org] Property rates & trends in Jayanagar, Bengaluru
Reputed schools in Jayanagar include the Bangalore International Academy and Sudarshan Vidya Mandir. Leading hospitals in Jayanagar include the Sanjay Gandhi Hospital, Apollo Specialty Hospital and Jayanagar Orthopedic Hospital, among others. Popular malls in Jayanagar include the Swagath Garuda Mall and The High Street Mall, to name a few.
Developing physical infrastructure in Jayanagar
- The stretch of Namma Metro, which includes the points between National College and Puttenahalli via Jayanagar, are on the list for the upcoming metro railway network. A metro station is also being built near South End Circle.
- The 8-lane Peripheral Ring Road in Bengaluru, will help to decrease traffic congestion in the entire region.
Price trends in Jayanagar
- Price appreciation – around 15% over the last quarter.
- Current property rates – Rs 6,727-11,464 per sq ft.
Reasons to invest in Jayanagar
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Seeing the price trends in Jayanagar and all of the above factors, it is certain that demand for residential property, is set to increase in the future. The current rates are quite competitive, with housing options mostly for the higher-end of the market. There is excellent social infrastructure and the neighborhood is home to several prominent citizens. There is good connectivity to several business hubs, as well.
Teething problems include rampant garbage dumping and drainage woes. Overall, Jayanagar is a great place to invest in.
Check properties in Jayanagar
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Category: Lifestyle
