Hosur Road is found in Bangalore, India, and contains neighborhoods like Begur, Kudlu Gate, Singasandra, and Electronic City. What makes it more successful than the rest are its various contributing factors
Properties located on Hosur Road near Electronic City and Begur Road range from affordable to midrange properties. Homes in Electronic City sell for Rs. for just 3,500-5,600 a square foot, prices on this strip are surprisingly cheap. Prices at major IT hubs like Whitefield and ORR-Marathahalli are significantly higher.
You'll spend between Rs. 4,500-8,000 depending on the type of commercial property you buy and the available facilities. With rental yields at 3.5% to 4.2%, Whitefield is one of Bengaluru's top rental yield locations.
Based on new supply in Hosur Road and cheap property prices, this micro market is an all-around consumer's paradise, having a variety of types and prices for housing, with high rental rates and more.
Significant players like Prestige Group is already active in this micro market. Over the years, Hosur Road has become a thriving and self-sustaining market with ample housing options across segments and various retail and recreation options.
There is good connectivity to other major city areas through the Expressway and to the NICE corridor, and the area has become self-sufficient by opening several retail and entertainment outlets.
Increasing connectivity through Hosur Road and the Expressway has helped increase residential property demand along Hosur Road's locations. While Electronic City has seen both commercial and residential growth, the residential movement has grown the most. The 10-km Hosur Road Expressway and its widening have positively affected the real estate market along this road. With the Expressway, commute times to Electronic City have been significantly reduced, and real estate opportunities have increased in this central IT hub as well. Namma Metro's proposed yellow line will increase its connectivity to city areas and increase real estate activity further due to ample land availability. The proposed Hosur airport will also encourage development.
Among Bengaluru's micro-markets, Electronic City is a micro market with a significant IT industry presence. The Electronic City is a central IT hub that hosts more than 200 companies, including Infosys, Wipro, HCL, TCS, Tech Mahindra, and Biocon. Prior to the development of Electronic City, the area consisted of only commercial developments, with most of the residents living in areas such as Koramangala, HSR Layout, and BTM Layout. It is an attractive site for large corporate houses due to the availability of land and the affordability of property prices.
In light of an increasing IT population in a micro market, more and more shops and cafes are being opened. While waiting for the grand opening of Neo Mall, other large and well-known high street retailers have opened in Electronic City. Beyond great shopping platforms such as Brand Factory and FabIndia, multiple dining establishments have set up shop at the marketplace, such as various fancy-pants restaurants including Lemon Tree, Radha Regent, BBQ Nation, Golden Tulip, Fire Station, and so on. The micro market mostly has regional retail shops and the nearby areas of Hosur Road have many retail shops, both of which target large segments of the population.
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