[ecis2016.org] Marathahalli is one of Bengaluru’s rapidly-growing areas and is a good zone for investment purposes. It is a developing mid-segment residential market, which had initially started off as a retail zone. Marathahalli currently has at least 40 to 50 residential projects that are being developed
The Marathahalli real estate market has seen positive growth, owing to its connectivity to the other parts of the city, as well as developing social infrastructure. Marathahalli has evolved since the IT boom in the 1990s and demand for flats in Marathahalli has steadily risen. Marathahalli was peaceful village on Bengaluru’s outskirts till the 1990s. However, the IT boom transformed the area, due to its proximity to Whitefield, Electronic City, Sarjapur and the HAL Airport
You are reading: Marathahalli property market: An overview
The Outer Ring Road runs through Marathahalli and is a major connectivity lifeline for residents. The area is dotted with several shopping malls, supermarkets and stores, which attract citizens from all parts of Bengaluru on weekends. There are several IT companies located nearby, while several high-rises have also come up here.
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The Innovative Multiplex is a major landmark in the area. There are several mid-range and luxury projects in the area and you will readily find 3 and 4-BHK apartments here. The development of the Prestige Tech Park, has also boosted the overall growth prospects in Marathahalli.
Today, Marathahalli has a very cosmopolitan flavor. There are various options, starting from economy to luxurious residential units, when it comes to apartments in Marathahalli, although 2 and 3-BHK are the most preferred configurations. There are several leading real estate builders in Marathahalli including Puravankara, Prestige, Sobha Limited, Sekhar, Brigade and others. Big-ticket projects in Marathahalli like Prestige Tech Vista and Puravankara Purva Riviera, have changed the profile of the locality even further.
While this area is good for affordable and mid-range housing choices, there are also plenty of options for the upper end of the market. Other nearby Marathahalli localities include Whitefield, Varthur and Sarjapur. Marathahalli offers lower property prices, in comparison to Whitefield and other areas. It is hence, regarded by many IT professionals as a good investment destination.
[ecis2016.org] Property rates & trends in Marathahalli, Bengaluru
Connectivity with nearby Marathahalli localities
- Well-connected to Whitefield via central Bengaluru and Old Airport Road.
- 6-lane railway over bridge near Marathahalli Junction, connects Kundalahalli and HAL Airport Road.
- Well-linked to Sarjapur Road and Outer Ring Road.
- Excellently connected to the rest of Bengaluru, through the Varthur Road/HAL Old Airport Road, which passes through Marathahalli and Marathahalli Road through Mahadevapura.
- Seamless connectivity to Hebbal and Banashankari areas via Outer Ring Road.
- KR Puram railway station lies 11 kilometres away.
- The International Airport is located 46 kilometres away.
- The signal-free ORR offers excellent connectivity.
- NH-7 and ITPL Road are easily accessible.
Employment hubs near Marathahalli
- Embassy Manyata Business Park via Marathahalli Road and NH-75.
- Koramangala via Varthur Main Road and NH-44.
- KIADB Industrial Area via Varthur Main Road.
- Whitefield – 7.0 kilometres via Old Airport Road/Varthur Road.
- Electronic City – 22.1 kilometres through NH-44/Hosur Road.
- Sarjapur – 20.7 kilometres via HAL Old Airport Road/Varthur Main Road.
- Wipro Corporate Office – 13.4 kilometres via HAL Old Airport Road.
- Prestige Tech Park is a major IT hub in Marathahalli.
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Marathahalli is supported by good social infrastructure. Reputed schools in Marathahalli include the Sri Chaitanya Techno School and the MVJ International School. Leading hospitals in Marathahalli include the VIMS Super Specialty Hospital and the Jeevika Hospital. Popular malls in Marathahalli include the SoulSpace Arena Mall and Inorbit Mall, to name a few.
Developing physical infrastructure in Marathahalli
- The Namma Metro network will include Marathahalli in the third phase of development and promises to provide a major push, to development in the region.
- The 8-lane Peripheral Ring Road, will help to reduce traffic load in the area.
Price trends in Marathahalli
- Price appreciation – almost 10%.
- Current property rates – Rs 3,200-7,843 per sq ft.
Reasons to invest in Marathahalli
Considering the price trends in Marathahalli and all the other factors, demand for residential spaces is bound to increase. Good connectivity to major IT hubs, the presence of the Tech Park and social infrastructure options, promise future appreciation and development. There are some minor issues, like drinking water supply, poor civic maintenance and absence of streetlights in many places. However, Marathahalli is fast becoming a preferred investment destination for IT professionals and their families.
Check properties in Marathahalli
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Category: Lifestyle
