Lifestyle

Kalyan Nagar property market: An overview

[ecis2016.org] Kalyan Nagar is one of northern Bengaluru’s fastest-developing residential localities and has been giving impressive average annual returns. Kalyan Nagar currently has several residential projects under construction and lies near some of the largest technology parks in the city

The Kalyan Nagar real estate market has taken off, owing to its proximity to the Manyata Tech Park and International Tech Park. Demand for flats in Kalyan Nagar has shot up, with rapidly-developing social infrastructure and connectivity improvements.

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When it comes to buying apartments in Kalyan Nagar, 2 and 3-BHK are the most preferred configurations, here. There are many leading builders in Kalyan Nagar including Puravankara, Prestige, Sekhar and Brigade, among others. Some of the well-known residential projects in Kalyan Nagar include Sahasra Grand and Elegant Splendor, to name a few.

While this is region is still a good bet for affordable to mid-range housing, the neighbouring localities cater mostly to the upper end of the spectrum, as the property rates are on the higher side. Other nearby Kalyan Nagar localities include Hebbal and Nagavara. Due to the easy access to the major IT parks here, along with all necessary social amenities, Kalyan Nagar offers better appreciation potential than most of its neighbouring areas.

Connectivity with nearby Kalyan Nagar localities

  • Well-connected to the Banaswadi Railway Station.
  • Nearest Namma Metro stations are Byappanahalli Metro Station and Indira Nagar Metro Station.
  • Kalyan Nagar is located 32 kilometres away from the Kempegowda International Airport.
  • BMTC bus services connect Kalyan Nagar to several other parts of the city.

Employment hubs near Kalyan Nagar

  • Embassy Manyata Business Park – 5.4 kilometres via NH-44, NH-75 and the Service Road.
  • Koramangala – 17.2 kilometres via NH-44, NH-75 and 100 Ft Road.
  • International Tech Park (ITPB) – 13.9 kilometres via NH-75 and Whitefield Main Road.
  • KIADB Industrial Area – 13.6 kilometres via NH-44, NH-75 and Bellary Road.
  • Bagmane Tech Park – 10.6 kilometres via NH-44 and NH-75.
  • Whitefield – 17.3 kilometres via NH-75 and Whitefield Main Road.
  • Wipro Corporate Office – 10 kilometres via Queens Road.

Schools in Kalyan Nagar and other social amenities

Reputed schools in Kalyan Nagar include the Royale Concorde International School and Maxwell Public School. Leading hospitals in Kalyan Nagar include the Specialist Hospital and CHRIS Hospital. Popular malls in Kalyan Nagar include the Sports Mall and Elements Mall, to name a few.

Upcoming physical infrastructure in Kalyan Nagar

  • Construction of the elevated expressway, will have a positive impact on connectivity from Kalyan Nagar to the other parts of the city.
  • The 8-lane Peripheral Ring Road, will help to decongest traffic in the region.
  • Price appreciation – 4%-6% over the last quarter.
  • Current property rates – Rs 2,885-4,687 per sq ft.

Reasons to invest in Kalyan Nagar

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Looking at the price trends in Kalyan Nagar, it can be said that the area offers great potential for future appreciation. The reasonable prices apart, the area is well-connected to two of the biggest IT parks in the city and other business hubs, as well. Social infrastructure has also been developing swiftly, in recent times. Narrow roads and indiscriminate garbage disposal, are the only problems here.

Check properties in Kalyan Nagar

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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