Lifestyle

Kadugodi property market: An overview

[ecis2016.org] Kadugodi or Kadugudi, is located in the Whitefield area of Bengaluru, which is one of the most sought-after real estate zones and has been giving an average annual return of 11%-13%, as per estimates. Kadugodi currently has several housing projects underway and lies near areas like Marathahalli and Varthur Road Junction

The Kadugodi real estate market has developed fast, due to its proximity to the International Tech Park (ITPB) in Whitefield and the official induction of the Whitefield area into the Bruhat Bengaluru Mahanagara Palike. Kadugodi has experienced a huge transformation, since the IT boom in the 1990s and as a result, flats in Kadugodi are in demand from the IT professionals who work in the area. Consequently, the locality has also gradually become more cosmopolitan.

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The region’s name is derived from Gudi and Kadu which translates into a temple in a forest. The famous temples here include the Kashivishwanatha Temple, Shiva Temple and many others. The Sri Satya Sai Baba Ashram, is a major landmark in the locality.

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For home buyers looking to invest in property in this area, there are different kinds of apartments in Kadugodi but 2 and 3-BHK are the most-preferred configurations, here. There are many builders in Kadugodi, including Puravankara, Sobha, Sekhar, Brigade and others. There are several projects in Kadugodi including Sekhar Hyde Park and Puravankara Bougainvillea, which have changed the profile of the area.

Going by estimates, the Kadugodi area is still a good option for those who seek affordable and mid-range housing, whereas the adjoining places in Whitefield and Marathahalli, mostly have options for high-end customers. Some nearby Kadugodi localities include Channasandra and Segehalli. Due to the ease of access to the major IT parks, along with accessibility to necessary social infrastructure, Kadugodi offers better potential of appreciation than its neighbours.

Connectivity with nearby Kadugodi localities

  • Well-connected to the Kadugodi or Whitefield railway station.
  • Kadugodi is located around 54 kilometres away from the Kempegowda International Airport.
  • BMTC Volvo bus services connect area to several other parts of the city.

Employment hubs near Kadugodi

  • Koramangala – 20.3 kilometres via NH-44.
  • International Tech Park (ITPB) – 3 kilometres via ITPL or Whitefield Main Road.
  • Major companies in the area – IBM, Mphasis, SAP Labs, Tata Consultancy Services and many more.
  • Embassy Manyata Business Park – 22.9 kilometres via NH-75.
  • Whitefield being a major IT hub, offers employment for more than 3 lakh people.

Schools in Kadugodi and other social amenities

Kadugodi boasts of good social infrastructure. Reputed schools in Kadugodi include the Whitefield Global School and the Vydehi School of Excellence. Reputed hospitals in Kadugodi are the Narayan Multispecialty Hospital and the Columbia Asia Hospital, to name a few. Plush shopping malls in Kadugodi include the Park Square Mall and Inorbit Mall, among others.

Upcoming physical infrastructure in Kadugodi

  • The second phase of the Namma Metro, will cover the Whitefield and Kadugodi areas soon. The Purple Line from Byappanahalli, will come towards this locality.
  • The Peripheral Ring Road, will help to lighten traffic in the entire stretch.
  • Price appreciation – 11%-12% over the last couple of years.
  • Current property rates – Rs 3,247-5,069 per sq ft.

Reasons to invest in Kadugodi

Read also : LB Nagar property market: An overview

Considering the predominant price trends in Kadugodi, it is clear that demand will go up in the locality, since it falls in a major industrial-cum-IT zone. The locality has very competitive rates and there are options available, for almost every budget. However, the condition of roads is not good in some stretches. Some stretches are also filled with potholes and there are traffic congestion issues, as well. However, Kadugodi makes for a viable investment destination.

Check properties in Kadugodi

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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