Due to the presence of prominent economic and industrial hubs near the Marathahalli – HSR Layout stretch of the Outer Ring Road (ORR), residential neighborhoods are also on increase in these areas. Brookfield, Varthur and Whitefield are near Marathahalli which is also developing into a residential neighborhood at a rapid pace. This demand is propelled by the professionals employed in tech parks in the vicinity.
While commenting on the overview of the residential market in these areas, experts are of the opinion that the residential neighborhood in these areas, as Marathahalli, Bellandur Road, HSR Layout are growing at never before pace and the upcoming locations of resident’s choice are Panathur Road and Haralur Road. The experts feel that the employees of the hi tech IT companies of the adjacent areas are pushing the demand of residential houses, here.
With the launch of several residential projects in Marathahalli, the place is slowly turning into a self-sustaining hub of its own. HSR layout being close to Marathahalli posed an advantage in this respect attracting residents as most of the work places are around the Outer Ring Road.
The real estate industry watchers feel that HSR layout is by itself a prime choice for residents, choosing to stay in South Bangalore. But Bellandur and Marathahalli has emerged as favoured residential locations in the recent years, primarily because of the development of the IT parks around ORR with large number of builders developing residential projects in this micro-market.
The data and research shows that the factors which are pushing development are a blend of different types of residential projects starting from villas, independent houses, apartments, gated communities and the like, depending on locations.
With all this development in the fray the price in Bellandur is Rs. 4,500 – Rs. 6, 000 per Square Feet In and around HSR Layout, it comes to Rs, 5000 to Rs. 11, 000 per Square Feet and in Marathahalli; it would range from Rs. 4,500 to Rs. 9, 000 per Square Feet.