Over the last decade, Sarjapur Road has metamorphosed from a quiet rural outskirt into one of Bengaluru’s most dynamic localities. This rapid development has also led to a remarkable surge in realty prices – latest reports show nearly 22% appreciation over the last 24 months.
In light of this growth, SPA Group, a premier real estate developer in Bangalore, will analyse the phenomenal trajectory of Sarjapur Road and investigate the key drivers causing property rates to spiral northwards.
The Evolution of Real Estate in Sarjapur Road
Up until the early 2000s, Sarjapur Road consisted of small agricultural villages with large tracts of empty land in Bangalore’s real estate market. The original settlers were drawn by its serenity. Gradually, proximity to the Outer Ring Road and other parts of Bangalore kindled interest.
The upgrades in infrastructure also acted as a significant catalyst. As connectivity improved through road widening along with the development of elevated flyovers at crucial junctions, the area became more accessible.
The landscape saw a significant change once Metro rail construction started. Additionally, prominent developers began eyeing to take advantage through Bangalore real estate projects. Within a few years, the area soon saw a rise in villas, apartments, and plotted developments in various sizes and configurations.
Recently, the exponentially rising property prices along Sarjapur Road have leapt by 32.2% over the last three years – a massive jump rarely seen in the region. Additionally, data reveals that land rates have also steadily appreciated by 4.2% in the previous five years, reiterating the positive momentum.
Further validation of the upward price trend comes from leading industry research. As per Anarock data, average residential capital values along Sarjapur Road have witnessed a nearly 22% jump – from Rs 6,050 per sq ft in 2021 to Rs 7,355 per sq ft by the end of Q3 2023.
Key Drivers of Rising Property Prices
The following aspects have contributed significantly to the rise of property investment in Bangalore, especially Sarjapur Road.
1. Infrastructure Growth
- The upcoming 37km metro line is slated to connect Hebbal with Sarjapur under Namma Metro’s Phase 3. This extension will link major hubs like Carmeleram, Agara, Koramangala, Dairy Circle, Central College and Armane Nagar.
- The proposed 90 km Peripheral Ring Road is all set to connect Tumakuru and Hosur roads via Hessaraghatta Road, Doddaballapur Road, Ballari Road, Hennur Road, Old Madras Road, Hoskote Road and Sarjapur Road.
2. Emergence of an Education Hub
- Top institutions like IIIT, Chrysalis High and Inventure Academy established campuses – attracted students/staff.
- This raised rental as well as residential demand from the student population and teaching community alike. The same has been witnessed at around 31% in the last year.
3. Commercial Development
- IT majors like ANZ, Accenture and Taj Hotels set up offices employing thousands of professionals.
- Large mixed-use projects with commercial spaces sprung up, offering workspaces.
- Retail real estate also grew with VR Bengaluru, Mantri Square Mall.
While the crux lies in improved liveability, demand-supply dynamics also played a role in rising values. Overall, the massive migration of working professionals intensified residential needs and fuelled the upward trajectory in capital prices.
Future Outlook
The current scenario highlights the fact that Sarjapur Road will continue to have immense potential for long-term growth. The 121-km Outer Ring Road expressway around Bangalore and Namma Metro will continue to boost transport access.
As connectivity improves further, more corporate offices, malls, and entertainment hubs will mushroom to cater to the city’s residents. Experts cite that sustained momentum in price will continue to dominate the next five to seven years.
SPA Group – The Ideal Destination for Real Estate Investment in Bangalore
In a span of a few years, Sarjapur Road has been entirely transformed by rapid-fire development. Its strategic location, coupled with solid infrastructure, has made the locality a magnet for homeowners and real estate investors alike – creating the ideal win-win scenario.
SPA Group has already been ahead of this development with its larger-than-life environments – SPA Ecocity and Frangipani Estates for sale off sarjapur road. These environments are at the heart of an urban Sarjapur, bridging the gap between the luxury of nature and connected city life.
