How KR Puram is developing into the best upcoming real estate project in BengaluruSamar Javed01 February 2020
The real estate of Bengaluru has benefitted from healthy growth for the last 10 years with the emergence of new localities at a regular interval. This is a central city that has plentiful potential to develop in all directions. The great social infrastructure availability and the assurance of Metro Rail connectivity have allowed the builders and the consumers to penetrate new areas; KR Puram being one among them.
Situated in Bengaluru, the Silicon Valley of India, KR Puram is a booming real estate market. This city has 682 MNCs [Multinational corporations], 131 biotech companies more than 1600 IT and IT–facilitated service companies & government organizations like BEL, HAL, NAL, ISRO, BEML and HMT. The city has great potential for housing real estate too. Bengaluru has observed a hike in the price of the properties by 17% and beholds numerous new emerging localities as prospective hotspots; KR Puram is one such area that is acknowledged for its robust infrastructure combined with reasonably priced housing in the city. The approaching commercial development including an aerospace park with international companies like TCS and Wipro is said to create 2.5 lakh jobs in KR Puram.
Strategic Location in KR Puram Bangalore
KR Puram situated in Bengaluru’s eastern part draws the attention of the investors because of its tactical location. It operates as the Bangalore-East Taluk’s axis of operations and accommodates numerous government offices in conjunction with 50-year-old ITI [Indian Telephone Industries]. The propinquity to the IT hubs of Marathahalli and Whitefield enhances the demand for reasonably priced flats in this location. RK Puram is enclosed by Kuvempu Nagar, A Pura, B Pura, Pal Layout and Dooravani Nagar.
Immediacy to the finest schools, high-tech hospitals and great opportunities for recreation and entertainment are a necessity and not optional. KR Puram ticks all these boxes; schools such as VIBGYOR High, Orchids the International School and KendriyaVidyalaya make sure that your kid gets the best education. There are reputed hospitals situated in the vicinity as well like the MS Ramaiah Memorial and Columbia Asia hospital that provide advanced and progressive medical treatment with several specialties. There are quite a lot of restaurants and malls to guarantee that you and your family members will have loads of entertainment choices.
Good connectivity to KR Puram Market, KR PuramRailway Station, and Metro Station
KR Puram is well-linked to the other parts of the city since it is situated near National Highway 75. It is placed at the Old Madras Road and Outer Ring Road junction. For people who wish to take a trip by metro, it is easy to reach the closest Metro station located in Byappanahalli which is just 3 km from KR Puram. Furthermore, efforts are taken by the state government to make sure that the drivers have the benefit of a smooth drive from the airport to the business district.
Enhancements are to be made over the Hebbal flyover and 5 other significant roads in the city; KR Puram between Mahadevapura and Benninganahalli flyover, Outer Ring Road between Jayadeva Hospital and Silk Board Junction Flyover, Ramanamaharishi road from Mekhri Circle to Windsor Manor junction, Nagawara junction on the way to Hebbal flyover and Hebbal, Bannerghatta road between Sagar Apollo Hospital and Bangalore Dairy. The neighborhood is also linked to the Krishnarajapuram railway station and a huge number of buses that connect KR Puram to various parts of the city.
The 2nd phase of the proposed Namma Metro is under construction through which the locality will acquire metro connectivity. Nagawara located on the city’s south side is all-set to be linked to the airport via this metro line. An HRSL [High-Speed Rail Link] of 33 km is in development as well, which helps connect central Bengaluru and the airport. To relieve traffic jams, an East to West Corridor that begins from KR Puram and ends in Goraguntepalya has been proposed.
Proposed developments in KR Puram Bangalore
The NHAI [National Highway Authority of India] has suggested constructing 2 six-lane raised expressways that will help make the commute easier by bringing down the traffic congestion at the highway's intersections. One expressway will connect the Hosur Road flyover to the Hebbal flyover located in the National Highway 7 while the other will connect the Nelamangala flyover and KR Puram flyover on National Highway 4. Krishnarajapuram and Nelamangala will be linked by an expressway that is 23 km long. All these developments will help increase the demand for accommodations in KR Puram.
Positive price trends in KR Puram
The KR Puram real estate has thrived over the past few years. The price of the properties has witnessed a boost of 21 percent, in the last 40 months. This constructive state of affairs further propels the demand for housing and plots in the area. Therefore, numerous prominent developers are building new apartments; developers like Shakthi builders Shakthi Fairmont, MC Builders Sarovar, Group Turquoise and Vaastu Structures Dew Flower.
The eminence of KR Puram as a real estate hub for residential properties is being realized only now. The prices of the properties are still affordable due to this face. The current rates are reasonable with plenty of housing options to meet your budgetary limits. You can enjoy a big space with the best amenities at a lower cost. KR Puram has several apartments, villas and plots available from reputed developers in various price ranges. Most of the projects include plentiful of modern amenities that include swimming pools, gyms, and clubhouses. Taking into account the latest price trends, it is sure that the demand will grow in the future, by all means.
The generation of employment is one key factor in real estate admiration in Bengaluru. This became evident from the boom of IT and the consequential demand for real estate in the city. The real estate of Bengaluru is supported by solid essentials including connectivity and location, unlike other speculative markets. Such factors payout for KR Puram turning into a prime location for investment and coming out as one of the sought after housing addresses of the city.