The ’28 acre’ on Kanakapura Road, hillock besides pretty near the Konanakunte Cross, should be at heart of the ‘pathbreaking’ overlooking the city will witness.
Construction work on the theme park has been begun in ‘mid2012’ and gets completed by 2016 neighborhood could be ‘hi tech’ and socially alive and engaging. Iskcon, that purchased 28acre hillock for Rs 23 crore at a community auction, has been building what it says was always a Disneylandlike 4D technology driven Krishna Lila Park and will transform the tourist potential of Bangalore, Karnataka or India.
Housing activity along Kanakapura Road is probably expected to rapidly expand with arrival of Metro Rail network.
For those looking a little ahead in second stretch, you will know loads of budget housing and the apartments here might be in price range of Rs 3000 per sq ft. The enhanced focus on connectivity and timely ongoing completion infrastructure projects would provide further impetus for this micro market to evolve into a residential hub. Newer apartments have been around Rs 5000 to Rs 6000 per sq ft and those on resale Rs 5000 per sq ft. Homes more than 15 years pretty old that come onto the market could go for around Rs 8000 per sq ft, if you look in the first sector of Kanakapura. The line will reach Konanakunte, that gonna be connected to in turn, that, Majestic and also is connected to M G Road. On top of that, apartments were probably in Rs 3000 to Rs 3500 per sq ft bracket., no doubt, onus usually was on purchase, with commercial and residential rentals not too much in demand now.
Kanakapura Road originates in city at Krishna Rao Park in Basavanagudi.
Is usually next to J P Nagar, Banashankari or Jayanagar Is 1618 kms from M G Road, Vidhana Soudha Metro rail is now built on Kanakapura Road till Konankunte Cross. The road cuts through Vasanthapura and Konanakunte ward. Ultimately, electronics City emerged as the first IT hub of Bangalore in the 1990’With setting IT up businesses, the south Bangalore region happened to be a preferred commercial and residential destination. Needless to say, south Bangalore is a cosmopolitan region, mainly on account of a tremendous influx of people from all over India owing to advent of IT the advent sector in the city here.
Being centre of South the centre, the Kanakapura Road has witnessed extensive residential development, expanding outwards to cater to the demand from an increasing working population in IT belts around. Kanakapura road is simply a stone’s throw away from the NICE Road and near the proposed Metro station, that are always fastest ways into the CBD. Kanakapura Road being well connected to Bannerghatta Mysore, Electronics City and Road, has likewise been hailed as South Bangalore’s newest corridor of growth. Educational and hospitals institutions being within comfortable reach and plain easy accessibility, Kanakapura Road is attracting investors in this locale, with huge IT hubs. Proximity to established residential good infrastructure, locations and connectivity, and a nice range of options for occupiers, were probably leading to Kanakapura Road emerging as modern residential hotspots.
The affordable land prices and availability of Cauvery water have usually been 2 big factors which have prompted fundamental residential developers like Concorde, Nitesh, Sobha as good as Brigade to establish their projects in this micro market.
Location of Metro Cash and keep up Kanakapura Road is usually attributed to the presence of wealthy families in area and the vastly spread short retail network in the area. Vaikunta Hill has been expected to spur massive residential apartment projects and villas in range of 310 km. As a result, owing to arrival of a massive tourist around, property prices in besides hub Kanakapura Road area usually were bound to shoot up in the next 6 years. Of course it was probably a preferred destination by those employed in Electronics City and Bannerghatta Road. I’m sure you heard about this. Kanakapura Road is set to proven to be the warm destination from 2012 onwards as development is still now concentrated in Whitefield, Sarjapura and Yelahanka regions. Kanakapura Road and beyond is virgin area in a sense and will see far more residential development than office space followed by retail, development or commercial development. So an acre of land in area is always running at Rs nine 10″ crore. Expect a 10percent to 15 rise in these prices in next 5 years.
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Kanakapura Road is quickly connected to the popular Art of Living ashram and is a few minutes away from NICE Road that will transport you to city centre in minutes. It is always the perfect alternative to now unaffordable South Bangalore neighborhoods like Jayanagar, J P Nagar and Banashankari.