Wednesday 7 May 2014

Sarjapura is one of the Best Residential Location in Bangalore

The arrival of Information Technology in Bangalore & Sarjapur’s trouble-free accessibility to Tech parks all along the ORR (outer ring road) are the main reasons for the developments of Sarjapura as a favored realty destination. Situated in South-east Bangalore, Sarjapura is said to be one of the sought out locality among developers and builders in Bangalore This is said to be the main reasons, why there is such an increase in multitude of IT employees & the locality’s closeness to the Tech hub in the city.

Few years ago, Sarjapur was a derelict suburb, although once Wipro opened its corporate office in the 90’s, the region gradually came into the realty attention. With the increased availability of  lands at low costs, other IT companies began considering Sarjapur as a prospective Tech hub. At the moment, the ORR (Sarjapur - Outer Ring Road) has a number of many IT companies like Capgemini, Cisco, HP, Wipro, Accenture to name a few. Recently Tech major, Infosys obtained 202 acres of land in Sarjapur to set up an its corporate office.

In 2013, Wipro acquired 50 acres of land in sarjapur to set up its top-notch university, there are a number of  host of top-notch schools in and around sarjapur namely The ( TISB ) International School of Bangalore, Indus International School,  Harvest International School, Primus International School, (DPS) Delhi Public School, and lot more. Sarjapur even boasts a well urbanized social infrastructure with its proximity to multiplexes, malls, retail outlets,  banks,   and hospitals which collectively work simultaneously to make a luxury lifestyle for people.

Peninsula Infra developments has a quite a number of ongoing projects in this locality, which include luxury Villas and apartments in Sarjapur, Bangalore

Peninsula Pinnacles : : A luxury residential flat at Sarjapura with 208 flats in 5 different blocks with stilt + Ground + 3 Floor apartments. The project is approved by BMRDA authority and all major banks as approved the project for retail loan.

Peninsula Prakruthi: Peninsula Prakruthi - an exclusive gated community, secure, impeccably planned executive villa project in Sarjapur, Bengaluru. Catering to the emerging demand for luxurious gated communities, PIDPL has lined up various projects in Sarjapur.

 Peninsula PalmVille : is a residential villa project at sarjapura with 154 Duplex executive Villas with 3 BHK. The project is approved by BMRDA authority and all major bank as approved the project for retail loan.


"Sarjapur" is the next Big Thing in Real Estate

"Sarjapur" is the next Big Thing in Real Estate

South and East Bangalore are nearing saturation. But if there's one area that's still seeing significant real estate action, it's Sarjapur. 

Wipro came up with a campus on the road some five years back. Infosys has acquired 202 acres in the area to set up an IT SEZ, which is expected to become operational this year. 

Experts say Infosys' announcement about its project triggered developer activity, anticipating greater residential demand. Land prices in Sarjapur village shot up from Rs 75 lakh to Rs 2-3 crore an acre. Capital values on Sarjapur Road have been more affordable compared to some of its upmarket neighbourhoods. "You have an entry-level pricing of Rs 3,500 per sft compared to Rs 7,500 in Koramangala or Rs 4,500 in Whitefield," .Peninsula Infra developments, Divyashree Elan, Sobha Cinnamon are some of the prominent developments in the area.

"There are close to 2 lakh employees working in the ORR stretch. So Sarjapur Road is emerging as a busy IT corridor. It has a good mix of educational institutions and retail outlets. Many hospitality players like Hilton, Shangri-La and Novotel are coming up on Sarjapur Road. 

A GlaNce At Bangalore Metropolitan Region Development Authority (BMRDA)

Bangalore Metropolitan Region Development Authority (BMRDA) is an    autonomous body created by the Government of Karnataka under the BMRDA Act 1985 for the purpose of planning, co-ordinating and supervising the proper and orderly development of the areas within the Bangalore Metropolitan Region (BMR) which comprises Bangalore urban district, Bangalore rural district and Ramanagara district.

As per the Structure Plan, apart from BMA (BDA jurisdiction), the rest of the Bangalore Metropolitan Region [BMR] is divided in to five Area Planning Zones (APZ’s) and six Interstitial Zones (IZ’s).  The APZ’s  are proposed along the corridors, which are (1) Bangalore-Bidadi (2) Bangalore-Nelamangala (3) Bangalore-Devanahalli (4) Bangalore- Whitefield, Hoskote (5) Bangalore-Anekal, Sarjapur-Hosur.
The Area Planning Zones (APZ’s) are areas  where urban development is permitted subject to certain regulations. 

The Interstitial Zones are the areas lying between APZ’s where urban activities are restricted giving more emphasis to environmental – issues like conservation of forest area, agriculture etc.
For planned urban growth Local planning areas under Karnataka Town & Country Planning Act-1961 are declared in the five APZ’s and IZ’s 1 & 2.  The following are the Planning / Development Authorities functioning in the Bangalore Metropolitan Region (BMR).


Sl. No.
Authorities functioning within Bangalore Metropolitan Region [BMR]
Area in
Sq. Km.
1
Bangalore Development Authority [BDA]
1219.50
2
Bangalore – Mysore Infrastructure Corridor Area Planning Authority [BMICAPA]
426.24
3
Ramanagar-Channapatna Urban Development Authority[RCIDA]
63.06
4
Anekal Planning Authority [APA]
402.30
5
Nelamangal Planning Authority [NPA]
735.00
6
Magadi Planning Authority [MPA]
501.52
7
Hosakote Planning Authority [HPA]
535.00
8
Kanakapura Planning Authority [HPA]
412.78
9
Bangalore International Airport Area Planning Authority [BIAAPA]
792.00
10
Area Planning Zone-1 [APZ-1 ] (Excluding RDUDA & BMICAPA)
462.60
11
All Interstitial Zones in Bangalore Metropolitan Region [Iz’s BMR]
2455.00
Total
8005.00