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Haralur road: the burgeoning micro-market

Haralur road: the burgeoning micro-market

Haralur road: the burgeoning micro-market

 

Bangalore is Primarily a rental market, Haralur Road has seen the sanctioning of a beeline of infrastructural projects, thereby giving the area an opportunity for massive residential development.

Competitive edge:

Haralur Road is the connecting road between Bengaluru’s key IT hubs – Sarjapur Road and Electronics City. By virtue of this, the region has received significant interest for residential demand, thus resulting in its growing prominence.

Connectivity/ infrastructure:

While Haralur boasts of excellent connectivity to several key micro-markets, the infrastructural development in the area is still at a nascent stage. This presents an opportunity for significant development in the future. The corridor has been identified for a smart city project, which will further boost this region. Metro construction in Hosur Road is just a km away from this micro-market. The locality has several completed and ongoing residential projects from Grade A and other category builders as well.

Social infrastructure:

Due to its proximity to key commercial hubs in Bengaluru, Haralur has witnessed the development of good social infrastructure in recent years including shopping complexes, several private hospitals, educational institutions and activity zones.

Rental returns:

Haralur Road has an adequate supply of housing by several leading developers. It is primarily a rental market and rental values are in the range of Rs 18-20 per sqft. At present, 2-BHK apartments are available at a rent of Rs 25,000 and 3-BHK apartments are available for renting in the range of Rs 30,000- 45,000 per month.

Future potential:

The proposed infrastructural development including widening of the road and proposed metro on Hosur Road, which is parallel to Haralur Road will provide a boost to the area. Going forward, Haralur Road presents a great opportunity for residential development, provided the physical infrastructure in the area improves.

Source : Times of India

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