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What should we know about the property market of J P Nagar!

April 03, 2018 | Admin

What should we know about the property market of J P Nagar!

Bangalore is increasing in its commercial importance with every passing time. Jayaprakash Narayan Nagar or better known as J P Nagar is one of the fastest developing locality in the city. With the establishment of major IT parks and commercial zones near it the region has turned into one of the most prominent residential areas in the southern Bangalore. The well-planned locality is widely spread over 2,500 acres that include a total 9 phases. Surrounded by areas like Bannerghatta Road, Jayanagar, BTM Layout, Banashankari and Koramangala the region faces a huge residential demand. Several prominent real-estate development brands are coming up with innovative ventures in the area. Unlike some other regions of Bangalore, the area is provided with BWSSB water supply and is home to great views of water bodies, wide roads and lovely parks.

The locality enjoys a great connectivity with the locations nearby. BMTC bus service is efficient around the region and offers efficient connectivity to other parts of the city. It is connected to the metro network through the stations of Banashankari Metro Station and Rashtriya Vidyalaya Road Metro Station. With widening of Outer Ring Road to turn it into an 8-lane road the traffic congestion is hoped to be reduced in the area. It abodes several schools, colleges, hospitals, multiplexes, malls, etc.

The regions close proximity with several employment hubs also make this region a much sought after residential location. One can easily reach major commercial regions from the locality including, Embassy Manyata Business Park, Koramangala, International Tech Park (ITPB), KIADB Industrial Area Electronic City and Wipro Corporate Office. Numerous IT giants like Capgemini, Qualcomm, Tata Consultancy Services, Infosys, Siemens, etc. have their offices in this vicinity.

The prices of property in the region have been estimated to give an average annual return of about 10%. The locality is home to several prominent names of India. The real-estate market is booming with quality construction work being done in the area. Some of the most recognised names in its realty market include, Purva Coronation Square, Shriram Southern Crest, Sobha Tulip and many more.

Recreating lifestyles at Shriram Southern Crest!

The mesmerising housing composite of Shriram Southern Crest is a presentation from the iconic realty brand of Shriram Properties. The project aims to offer an ultimate urbanised living experience. Home to some of the finest abodes in South Bangalore the project spans over 3.8 acres of prime land. The project compound offers 4 grand blocks with ground plus 18 floors. A total 413 apartments have been designed in various configurations of 1, 2, 2.5, 3, and 3.5 BHK units. The towers also comprise of some luxurious 3 BHK and 4 BHK penthouses. The sizes of these sets range from 1050 sq.ft.  to 2640 sq.ft. and have their prices in the range of Rs. 73.39 lakhs and Rs. 1.84 lakhs. Each home is embellished with top quality fittings and finished with branded products. Amenities offered in the estate include, clubhouse, meditation centre, kids’ play area, fire safety equipment, gymnasium, swimming pool, theatre and much more. Every block has a lift system and provisions for rain water harvesting.

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