[ecis2016.org] Kengeri is a well-established satellite township, located in the western part of Bengaluru. It is one of Bengaluru’s fastest-growing areas and has been witnessing quite a lot of activity in the real estate sector. Kengeri currently has more than 60 new housing projects under construction
The Kengeri real estate market has skyrocketed, due to its easy accessibility to the city and this has led to a spike in demand for flats in Kengeri. This satellite township is bordered by Rajarajeshwari Nagar, Nagarbhavi and Vijay Nagar. The area is known for having two major bus depots, while the Kengeri Railway Station is also a major connectivity lifeline. The Bidadi and Bangalore City Junction railway stations, are also easily accessible from the locality. Kengeri was formed more than 30 years ago, by the BDA.
You are reading: Kengeri property market: An overview
The area has witnessed the rise of cyber cafes, utility infrastructure, restaurants and other social infrastructure. Kengeri is home to several stores and several apartment complexes have come up here.
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The area offers good connectivity to the Outer Ring Road and the Kengeri Satellite Town Club, is another major landmark, here. The east-west Namma Metro corridor, has boosted property development in the area, along with its proximity to the Global Village Software Park.
For home buyers, there are several options for apartments in Kengeri, although 2 and 3-BHK are the most-preferred configurations here. There are many leading builders in Kengeri including Uniworth, Puravankara, Prestige, K Raheja, Sekhar, Brigade and many others. Some of the best-known projects in Kengeri include Uniworth Tranquil, Vaastu Greens and Linea Sunflower, to name a few. Kengeri is also home to the Kengeri Lake.
Kengeri is indeed a good option for investors looking for affordable and mid-range housing, while neighboring regions cater mostly to the upper-end of the market. The premium segment of real estate is still in a nascent stage here. Other nearby Kengeri localities includes NICE Road and MG Road areas. Due to the easy accessibility to the major IT parks, along with all desired social infrastructure, Kengeri offers higher appreciation potential, as compared to most of its neighbours.
Connectivity with nearby Kengeri localities
- Well-connected to the central part of Bengaluru – 14 kilometres.
- Excellently-connected to the rest of Bengaluru via NICE Road, ORR and the Mysore-Bengaluru Highway.
- Kengeri is located 49 kilometres away from the Kempegowda International Airport.
- Kengeri Railway Station is the nearest one and is located on the Bangalore-Mysore rail route.
- Well-connected to Bangalore City Junction and Bidadi railway stations.
- Home to two bus depots.
Employment hubs near Kengeri
- KIADB Industrial Area – 16 kilometres via Mysore Road.
- Bagmane Tech Park – 25.4 kilometres via Mysore Road.
- Electronic City – 26.7 kilometres via NH-48.
- Wipro Corporate Office – 18.2 kilometres via Mysore Road.
- Embassy Manyata Business Park – 33.9 kilometres via ORR.
- Koramangala – 37 kilometres via NH-48 and Hosur Road.
- Global Village Software Park is located nearby.
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Kengeri has good social infrastructure, with reputed schools in Kengeri including the SJR Kengeri Public School, Priyadarshini Vidya Kendra and BGS Public School. Leading hospitals in Kengeri include the HK Hospital and Shreya Hospital. Popular malls in Kengeri include the Park Gopalan Arcade Mall and BDA Commercial Complex, to name a few.
Upcoming physical infrastructure in Kengeri
- The second phase of the Namma Metro, will cover Kengeri. Extension of this metro line from Mysore Road Terminal, will boost connectivity.
- A metro station will be added on the western extension of the Purple Line, while a depot may be built at Challaghatta.
- The Peripheral Ring Road will serve to ease the traffic load in the entire area.
- The Traffic Transit Management Centre (TTTMC) is being built here.
Price trends in Kengeri
- Price appreciation – 1%-4% over the last couple of years.
- Current property rates – Rs 3,101-4,656 per sq ft.
Reasons to invest in Kengeri
The present price trends in Kengeri reflect the locality’s future potential for growth. The completion of the metro station here, will boost property prices hugely and lead to growth in social and other infrastructure. Connectivity to several business hubs is decent and social infrastructure is also growing at a good pace. The only teething problems here are water supply issues, water quality and indiscriminate filling up of the Kengeri Lake.
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Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
