"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.
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.
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