The Kengeri stretch has attracted many consumers due to its array of luxury as well as affordable availability of options. Kengeri has been one of the most attractive areas for investment in the outskirts of Bangalore as it has been one of the satellite towns of the city. Kengeri is an extended stretch of road that connects Bangalore City to the suburbs in the South extending up till Mysore.
Though the area is still not functional in a full-fledged way it has seen declaration of many projects by many of the leading developers. There is also a remarkable 20 % increase in the property prices which is around.
This area has been one to top list of many of the consumers primarily for two reasons one being the land price affordable and the other being the availability of luxury apartments along the road.
The Realty Development Scenario
The Bangalore Development Authority has taken the credit of developing several satellite towns along the stretch and much recently many of the satellite towns were set up in the same region.
The price tag of multi- story apartments alongside this belt is around Rs. 3,000 to 3,700 per sq. ft. During the last six months the area has alone witnessed a 10 percent increase in the property on an average basis. The price tag of residential plots in this stretch is following in the range of Rs. 17,600 to 20,000 per sq. yd. Ever since Jan- Mar 2014 quarter the prices have recorded a an average 19 percent increase.
The Connectivity fact
The Kengeri Railway Station located on the Bangalore Mysore rail route is extremely close to the Kengeri Main Road. This passage is well-connected with several express trains having their halts here. The names of a few trains which have pass through this passage way and have a fair duration of halt here include Chamundi Express, Mysore- Chennai Express, Yeshwantpur- Karwar Express which connects Bangalore- Mysore, Bangalore- Mangalore, Udupi and Karwar. The Tuticorin – Mysore express also connects well to this region. The railway station there has a technically sound computerized passenger reservation system which is totally functional.
In the coming time Kengeri will witness the construction of the Traffic Transit Management Centre (TTTMC) of the Bangalore Metropolitan Transport Corporation to be set up in this area.
There are also hopes of the Namma Metro corridor to be extended up to Kengeri Satellite Town from Nayandahalli on the Mysore Road which is closer to this stretch. A fact that edifies all these happenings is such that the Kengeri Road is nearly closer to the Outer Ring Road and hence, it is well connected to the major regions.
Other altitudes which have kept the kept the realty sector growing in this region is the expansion of sites like the Art of Living Ashram, International Airport, International Schools, Resorts and also the fact the various shopping malls will come up in the future will definitely stimulate the real estate growth in this region.
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