Monday, 23 September 2013

Property values on Magadi Road appreciate by 51 per cent - Dreamz Property review

Dreamz Infra


Magadi Road in the western zone of Bangalore has been a fast appreciating locality. The investors have been able to double their money in a span of just one year. According to the data with, the property values in Magadi Road have gone up by almost 51 per cent in the last 12 months. With such rise in prices, Magadi Road has emerged as one of the most appreciating localities of Bangalore in 2012-13.

The average capital values on Magadi Road used to hover somewhere at Rs 4,900 per sq ft in Apr-Jun 2012. However, in Apr-Jun 2013, the prices were recorded to be at Rs 7,400 per sq ft.
Santhosh Kumar, CEO – Operation, Jones Lang LaSalle India, says “Magadi Road has been one of the fastest appreciating localities of West Bangalore, apart from Tumkur Road and Vijayanagar.

The property values here have appreciated considerably in the last one year. This region saw stable demand because of the developing Metro line, which will provide enhanced connectivity.”
Augustine Joseph of Network Ventures says, “Presently, there are several city based developers who are offering residential layouts here. The average prices have mostly been impacted due to the coming up of layouts by ETA Star and Purvankara Developers who have hiked the prices to almost Rs 7,000-8000 per sq ft. However, since most of these developments are towards the city, there are several other areas, farther on Magadi Road, which still offer properties within Rs 800-2000 per sq ft.”
dreamz infra

With a maximum availability of residential plots in the area, many investors are putting their money on stake in hope of healthy appreciations. Currently, the location is connected to the city by NICE Ring Road. In the future, Magadi Road is expected to deliver even higher returns, given the fact that it would soon be connected by the Bangalore Metro.

Magadi Road which starts at Majestic would be connected to the metro by 2016. Apart from that, the development of the commercial establishments on either side of the road is also going to draw more end-users to the market. Currently, lack of social infrastructure and insufficient commercial activities is leading to only investors eying this location.


  1. For the best work of Dreamz GK it’s my time to give reviews. We are pleased with the purchase of a flat from them. The way of serving a customer was nice. It was such enjoyable days when I was working with you and your crew in the construction of the flat.

  2. Ok guys I got your points about dreamz gk builder now I would like to see project sites of dreamz.

  3. Magadi road is a best place for long term investment still lots of residential sites are available there for investor. The area is connected to nice road and if you predict about the future than in an average within one year the value of these sites will increase to its double. So why to spoil your money in investing mutual funds and fix deposits if you want best returns on your investments than invest on land.

  4. Magadi Road is still consider as a virgin area for Bangalore real estate builders, the property value of this area is low as compare to other similar locations of Bangalore.I should appreciate the moderator for coming with such phenomenally informative article to keeping us updated on Bangalore real estate market prices.