Kanakpura Road, Bangalore is the latest buzz in conversations doing the rounds in real estate circles. Located in Ramanagara district, famous for its silk, Kanakpura Road is now a state highway that is fast becoming a real estate hotspot. With the metro city in the epicentre of an urban boom, Bangalore has been steadily expanding to the outskirts of the city to accommodate the demand for affordable housing.
And Kanakpura has emerged as the ultimate destination of choice for realtors with its lush green geographical fabric, strategic location, and easy access to many idyllic recreational spots around the city. The serene, peaceful character of the place is pulling homebuyers and investors to this picturesque landscape, who want to get a respite from the chaotic concrete jungle life.
Situated in South Bangalore just 55 kilometres from the hinterland of the city, Kanakpura Road, also known as National Highway 209, runs between Basavangudi to NICE Ring Road at Mallasandra. This strategic stretch offers excellent connectivity to many major parts of Bangalore including Jayanagar, JP Nagar, Bannerghatta Road, and employment hubs like Electronic City and Sarjapur Road.
The completion of the Peripheral Ring Road will boost connectivity to Tumkur Road, Hosur Road and Old Madras Road. The ongoing 6.5 kms Namma Metro Phase II extension on Kanakpura Road with a dedicated station of its own, up to Anjanapura township will be over by 15th August 2020.
In terms of social infrastructure, a host of renowned schools including Delhi Public School, Jain International, Jyothi Kendriya Vidyalaya, and hospitals like Apollo, Fortis Vasan Eye Care, are situated in close proximity to the area.
With the presence of Cauvery river in its vicinity and numerous lakes that dot the area, homebuyers will be free of any water woes that are plaguing the rest of Bangalore.
Residential Price Trends over the months
Kanakpura Road is the most favourable real estate destination in South Bangalore owing to its prominent location. The place has seen an upward curve in real estate rates for three successive years. Price trends indicate that investing in Kanakpura Road at this moment is a profitable move.
The starting price of decent, grade A properties in Kanakpura Road is INR 4800/- per sqft while the average price hovers around the INR 5300/- per sqft range. The average rentals in the stretch fall between 20000-25000 approximately per month for semi furnished 2 to 3 BHK homes.
Here is a glance sheet of how prices trends have fared in Kanakpura Road.
|Locality Price Trends of Kanakpura Road|
Godrej Zest-a tranquil abode of luxury par excellence
Welcome to a world that exudes calm elegance and countryside charm. The Godrej Zest has arrived to treat you to the finest of living experiences nestled amidst the lush greens. The project is an 18-acre residential destination, comprising of 2BHK & 3BHK homes with G+3 floor structure.
A total of 180 elegant, spacious abodes come in sizes of 712-1707 sqft and quote prices in the range of INR 41 L-1.06 Cr. Homebuyers are transported to a paradise of its own with terraced gardens, water bodies, sweeping views of greenery and undiluted dollops of luxury at every step.
To make living finer, a platter of amenities waits in tow for residents. Expansive greenery of 6 acres, pedestrian-friendly zones, Kids play area, jogging tracks, multi-sport amenities including water volleyball, table tennis, indoor badminton court, foosball, kickb\oxing and skating area, outdoor gym, health club, library, Nilgiris supermarket, lavish clubhouse and many other exciting features bring opulence to living at Godrej Zest.
Advantages of project price
Godrej Zest is the only low-rise, low-density project in the area offering unparalleled luxury living. The apartments are priced at INR 41 lakhs-1.06 crores which are easily affordable.
Other projects in the vicinity like Salarpuria and Provident are priced lower than Godrej Zest but the project is the only one offering G+3 structures and excellent unrivalled amenities.
The project has multiple configurations that cater to a wide buyer base.
High chance of future price appreciation
Property prices in South Bangalore have witnessed a healthy price appreciation for years now. Kanakpura Road owing to its excellent connectivity, rural charm, good social infrastructure and congestion-free roads will have a positive impact on real estate prices. The stretch is expected to see capital appreciation rates go north to the tune of 8-20% in the subsequent years.
Recreational zones like Krishna Lila theme park built on Vaikuntha Hill, upcoming IT Parks and malls, metro work extension, widening of NH-209, will fuel land prices and make it South Bangalore’s biggest growth hubs in the future.
After Bannerghatta Road, this stretch has been one of the most sought-after locations by IT professionals for residences due to its excellent social infrastructure and easy accessibility to workplaces.
The 10:90 magic
Given the current situation and the demand for housing in mind, Godrej has unveiled a never-before-seen payment plan known as 10:90. Under this plan, potential homebuyers will have to pay just 10% of the total cost of the property upfront and nothing till possession. The rest 90% payment will have to be fulfilled upon receiving the occupation certificate.
Homebuyers can expect huge capital appreciation on their investment when they are handed over the keys.
Godrej-the name you can bank upon
Godrej Properties is a name to reckon within the real estate industry. Having a legacy of 119 years, the company is a part of the Godrej group, one of the most renowned and trusted names in India.
Godrej Properties is known for its focus on innovation and sustainability. The company has interests in residential, township and commercial projects and have successfully delivered a deluge of projects in India. The company is currently in the process of developing 115 million sq ft of projects in 12 cities.
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