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Good Social Infrastructure |
Future Potential |
Near IT Hubs |
JP Nagar is an established residential hub of Bangalore with many arterial roads providing excellent connectivity to other parts of the city. The locality’s proximity to Bannerghatta Main Road, Kanakapura Road and Gottigere-Kengeri Road are the key drivers for good real estate demand. JP Nagar’s nearness to IT hubs such as Electronic City has also led to a rise in demand for houses. Due to limited land availability in nearby localities such as BTM Layout and Jayanagar, land prices in JP Nagar have increased during the past few years. The locality is surely a residential hotspot from an end-user as well as investor perspective.
You are reading: Property rates & trends in J.P. Nagar, Bengaluru
Summary
- Home to the Bangalore’s affluent population
- Conveniently located in proximity to IT hubs
- Good social infrastructure with educational institutes, shopping complexes, hospitals, etc.
Key Growth Drivers
- Located in South Bangalore and in proximity to BTM Layout (~ 10 min), Banashankari (~ 15 min) and Bannerghatta Road (~ 15 min).
- Home to the Bangalore’s affluent population and is an important residential area. This locality is filled with parks, small ponds or lakes and great roads.
- JP Nagar was initially promoted by BDA and is divided into Independent dwelling units, apartments and retail developments. Gradually JP Nagar turned into a major commercial and residential real estate hub which also increased the land rates compared to other BDA developments such as Jayanagar and BTM Layout.
- Good connectivity to the international airport (~ 60 min) via Bellary Road
- Excellent connectivity to other parts of the city by buses and other modes of transport.
- Strategic Location – Electronic city at 25 min, Majestic at 25 min and Koramangala at 20 min.
- Good social infrastructure with presence of educational institutes such as National School of Business, R V Dental College, etc., malls such as Bangalore Central Mall and Gopalan Mall and hospitals such as Shekar Nethralaya, Rajshekar Hospital, Apollo Cradle, etc.
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Source: https://ecis2016.org
Category: Lifestyle
