Hennur Road is an emerging hotspot in Bangalore
Bangalore has seen exponential growth in the last few years. What is unique about this growth is that it has been radial in nature.
The city has continually been adding to its girth and as a result several localities, which were considered outskirts, are today considered within city limits. Hennur Road is one such area that rides on the promise of an emerging hotspot. Located close to the Central Business District (CBD), several IT companies are looking at the area for expansion of their offices. Residential growth has also seen huge spurts and several builders have acquired land in the area. Says Alexander Moore, Managing Director, L J Hooker India, a specialist property consultancy, “Hennur Road comprises in general terms East, back past Manyata Tech Park on the Ring Road, then North on Hennur Rd. including Kariyana Palya, Kachakaranahalli, Hennur and Kothanur. The stretch is probably around 12 km in length.”
There are several reasons why Hennur Road is considered a highly promising locality for real estate growth. Bijay Agarwal, Managing Director, Salarpuria Sattva explains, “The stretch is spacious, currently not too crowded with developments but has a lot of potential given its location, connectivity to the International Airport and the Outer Ring Road (ORR). Its peacefulness and its potential for growth are what make it attractive.” The reasons for growth, feel realtors are proximity to large new IT parks of Embassy Manyata and Karle Group, the vast amount of money being pumped into the development of infrastructure in the northern corridor over the next decade and the fact that Hennur road is going to become one of the major connections to international airport due to the infrastructure development started here recently. International schools, hospitals and other residential areas being in the vicinity are also other factors.
Infrastructure has to keep pace with the growth and Hennur Road doesn’t fare too bad in this respect. Shashank Singhania, an owner who bought property called Gold Summit at Hennur road in March 2009 and intends to occupy it soon explains, “This road has a good water connection in comparison to the International Airport Road. So many developers are concentrating their residential projects on this road. The road is well connected to the Hebbal area, Frazer Town, Cox Town and has an easy access to MG road.”
Adds Bijay Agarwal, “Once the flyovers are operational the entire stretch of Ring road is going to be signal free and commuting will become easy to any destination including Electronic City. Connectivity is one of the main reasons why Hennur Road has seen tremendous development.” Agrees Shashank,“ We bought an apartment in Gold Summit more than a year before the official launch. This pre launch booking has given us a good appreciation already. When we booked our apartment, there were only 3-4 other developers present in the location. Now you can see numerous projects slated to launch in the next 3-6 months. The road is quite wide and is proposed to be increased in width in the future. The property prices have been quite low initially and now are on par with the market.”
“North and East Bangalore are the future of development. BDA too is planning its future layouts in the North. Given the signal free corridor planned in this stretch and peaceful location, people wouldn't grudge travelling an extra mile to set up residences here. Rates will also go up by at least 12 to 15% in the next 2 years,” sums up Bijay Agarwal.