What is the potential of Hosur Road in the next 5 to 10 years?

Hosur Road is a major arterial road in Bangalore, India, connecting the city to the Tamil Nadu border. Over the past decade, the area surrounding Hosur Road has seen rapid development in infrastructure, real estate, and commercial activities. Here, we will explain the potential of Hosur Road in the next 5 to 10 years.

Infrastructure Development:

Infrastructure development is one of the main factors driving Hosur Road's growth. The Bangalore Metro Rail Project Phase 2 is expected to connect Hosur Road with the rest of the city. The Phase 2 extension of the Bangalore Metro will cover 72.1 km and connect Hosur Road with Electronics City, Whitefield, and the Kempegowda International Airport. This will improve connectivity and reduce travel time, greatly boosting the region. Additionally, the Bangalore Development Authority (BDA) has proposed several infrastructure projects to improve connectivity and ease traffic congestion on Hosur Road. One such project is the construction of a flyover at the Silk Board junction, which is expected to be completed by 2023. The proposed flyover will have a length of 3.4 km and is expected to reduce travel time by 50%. The BDA also plans to construct elevated corridors on Hosur Road, reducing travel time and improving connectivity.

Real Estate:

Real estate is one of the fastest-growing sectors in the Hosur Road region. The area has seen an influx of IT companies, resulting in a growing demand for residential and commercial properties. Over the past decade, several real estate developers have launched projects in the region, catering to the growing demand. The region has significantly increased in high apartments, villas, and gated communities. The increase in the real estate sector on Hosur Road is expected to continue in the next 5 to 10 years. With the proposed infrastructure projects, the region is expected to become more attractive to homebuyers and investors. As a result, property prices are likely to appreciate, making it an excellent investment opportunity.

Commercial Activities:

The region surrounding Hosur Road has witnessed a surge in commercial activities over the past few years. The region has IT companies like Wipro, Infosys, and TCS. Several IT companies have set up their offices in the Electronic City, which is located on Hosur Road. Additionally, the development of the real estate sector has resulted in the establishment of several shopping malls, restaurants, and hotels. With the proposed infrastructure projects, the region is expected to attract more businesses, creating more job opportunities. This will, in turn, increase the demand for residential properties, positively impacting the real estate sector.

Challenges:

Despite the potential of Hosur Road, the region faces some challenges that need to be addressed. One of the main challenges is traffic congestion. The region witnesses heavy peak-hour traffic, resulting in longer travel times. The proposed infrastructure projects, such as the flyover at Silk Board and the elevated corridors, are expected to ease traffic congestion. Another challenge is the need for more public transport options. The Bangalore Metro is expected to improve connectivity but is still under construction. The region needs more public transport options to improve connectivity and reduce traffic congestion.

Hosur Road has immense potential for growth in the next 5 to 10 years. The proposed infrastructure projects, the growth of the real estate sector, and the surge in commercial activities make the region an attractive investment opportunity. However, the region faces some challenges that need to be addressed, such as traffic congestion and the need for more public transport options. If these challenges are addressed

Real estate trend in Hosur Road Bangalore

Hosur Road is a rapidly developing area in southeastern Bangalore, Karnataka. Over the years, Hosur Road has become a sought-after destination for homebuyers and investors due to its excellent connectivity, proximity to commercial hubs, and presence of several IT parks and MNCs. This article will discuss the real estate trends in Hosur Road Bangalore.

Residential Real Estate Trends

The residential real estate market in Hosur Road has been witnessing a steady increase in demand over the past few years. This can be allocated to the development of the IT sector in the area, which has led to an influx of young professionals seeking affordable housing options. The average property prices in Hosur Road range from Rs 4,500 to Rs 7,000 per sq ft. The area has a mix of ready-to-move-in and under-construction properties, catering to different segments of homebuyers. The most popular property configurations in the area are two and 3-BHK apartments, followed by villas and plots. The rental market on Hosur Road is also strong, with many tenants seeking accommodation in the area. The average rental yield for residential properties on Hosur Road is 3-4 %, which is considered a decent return on investment.

Commercial Real Estate Trends

Hosur Road is home to several IT parks and commercial establishments, making it an important business district in Bangalore. The presence of companies such as Wipro, Infosys, and HP has led to the development of several commercial properties in the area. The most popular commercial properties in the area are office spaces, retail spaces, and warehouses. The average property prices for commercial properties in Hosur Road range from Rs 6,000 to Rs 10,000 per sq ft.

Infrastructure Developments

Infrastructure development has played a crucial role in the growth of Hosur Road as a real estate destination. The area is connected to other parts of Bangalore via the Hosur Road Elevated Expressway, which provides easy access to the Electronic City, Outer Ring Road, and other important destinations. The NICE Road, which connects Hosur Road to Mysore Road, has enhanced the area's connectivity. The proposed metro line, expected to run along Hosur Road, will improve the area's connectivity. In addition, the development of social infrastructure such as schools, hospitals, and shopping malls has also contributed to the extension of the real estate market on Hosur Road.

Future Prospects

The prospects of the real estate market on Hosur Road are bright. With the development of the IT sector in the area, there is likely a sustained demand for residential and commercial properties. The proposed metro line is expected further to boost the demand for properties in the area. Moreover, the Karnataka government's plans to develop a satellite township in the area will lead to the development of new infrastructure, thereby enhancing the livability quotient of the area. This is likely further to increase the demand for properties on Hosur Road.

In conclusion, Hosur Road Bangalore has emerged as a popular real estate destination due to its excellent connectivity, proximity to commercial hubs, and several IT parks and MNCs. The area has a mix of residential and commercial properties catering to different segments of homebuyers and investors. With the development of infrastructure and the growth of the IT sector in the area, the prospects of the real estate market in Hosur Road are bright.

Brigade Valencia

Brigade Valencia is a luxurious home development built by Brigade on Hosur Road, off NH 44, Bangalore. Apartments in the 25-acre development range in size from 1, 2, 3, and 4 BHK. 1652 high-rise apartments are available on the site, which has four clusters. With 662 luxury apartments, Phase 1 introduces the Cielo tower. The design outlooks of the apartments follow the fundamental Vaastu principles. At Valencia, the houses are spacious, tastefully lit, and well-ventilated. For single tenants or newlyweds, the 1 BHK houses are ideal. Little families are ideal for the two-bedroom apartments. Large families can comfortably live in the 3 BHK flats. An attached maid's unit is part of the four BHKs.

Brigade Valencia is located in one of East Bangalore's most beautiful areas. The building is adjacent to Electronic City on Hosur Road, off NH 44. The region is known as the city's IT hub. All important civic infrastructure is located adjacent to the project. Also, it incorporates strong infrastructure, like flyovers, public parks, and large roadways. Prestigious schools, hospitals, and employment centers surround the immediate vicinity of the project site.

Brigade Group Blogs