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Panathur Road  Bangalore –  A micro market with Panache

Panathur Road  Bangalore –  A micro market with Panache

Panathur Road  Bangalore –  A micro market with Panache

 

Gradually rising out of the shadow of vibrant IT hubs in east Bengaluru, Panathur is a highly sought-after neighbourhood for its mix of housing options.

Proximity to IT hubs:

Panathur by itself may not have figured on a home buyer’s list a few years ago when the locality was in a nascent stage of development. Abutting the IT hubs of Whitefield, Varthur and Sarjapur Road on the Outer Ring Road (ORR), Panathur has now evolved into a thriving micro market with access to all modern amenities.

High on social infra:

Due to it being a little away from the buzz of the city centre, Panathur is being increasingly seen as an ideal getaway spot. The area is experiencing a spurt in international school campuses, healing centres and health farms, shopping centres and other social infrastructure, in the last five years alone. Roads are being laid in planned residential enclaves that offer villas and apartments of every budget.

Affordable price tag:

This once quiet and laidback locality is now buzzing with a host of residential options to suit every budget. While the present highest price tag is Rs 3,500 per sq. ft, real estate firm Knight Frank expects it to touch an average rate of Rs 7,000 by 2020. The range of housing options includes one, 2 and 3-BHK apartments within securely gated properties. A huge supply of ready-to-occupy homes with different specifications is drawing those who no longer want to stay in rented houses. Given the area’s proximity to the IT hubs in Whitefield, Kundalahalli, and Sarjapur Road, Panathur offers a secure investment too.

Price appreciation:

A Knight Frank India Residential Investment Advisory Report had stated that this vibrant micro-market was set to see a price.

 

Source: Times Of India

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