Abbigere: An emerging residential hub in Bangalore

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Bangalore

Having witnessed an interesting metamorphosis on the back of enhanced infrastructure, industrial integration and expanding housing opportunities, Abbigere, in Bangalore has emerged as one of the most sought-after destinations for the homebuyer community.

In the northern realms of Bangalore, Abbigere has evolved from a swamp industrial area to a self-contained housing market in the city. Robust connectivity, reputed schools and a host of entertainment options, Abbigere has it all to boost it as a potential realty hub. Moreover, the serene surroundings coupled with lush green views are icing on the cake.

Earlier, investors and end-users scouted for residential opportunities in the heart of Bangalore or areas close by. The trend, however, has altered due to limited choices and high property prices in the city. Now, homebuyers have shifted their focus towards emerging areas of the city  witnessing rapid infrastructure growth. Abbigere is one such locality which is registering high buyer traction owing to its fast evolving infrastructure.

Living experience and property market in Abbigere

With an extensive green belt and scenic views, Abbigere is an ideal location for nature enthusiasts. The area is famous for beautiful mornings laced with picturesque landscapes whereas evenings are safe with well-lit and tarred roads. Also, traffic volume in the area is relatively lesser than the other areas in Bangalore, which makes it a perfect homebuying destination for self-use.

Abbigere has a variety of options ranging from economical to mid-income units. Lower land prices have significantly helped the realtor’s community to sustain at lower costs without compromising on modern amenities. Some of the standard amenities doled out include jogging tracks, play areas, meditation rooms, power back-up, and gardens. Besides residential apartments in Abbigere, one can also consider affordable plotted developments.

Real estate prices in Abbigere

Prices

Capital prices

Rental prices

1 BHK

Rs 18-20 Lakh

Rs 5,000-6,000 per month

2 BHK

Rs 25-28 lakh

Rs 6,500-8,000 per month

3 BHK

Rs 35 lakh and above

Rs 10,000-15,000 per month

 

Social infrastructure

Abbigere is supremely placed in proximity to renowned schools, malls and health care centres. Some of them include Vidya Vihar International School, Unique Public School, Sree Ayyappa Education Center, HMT Shopping Complex, Rock Line Mall, MS Ramaiah Plaza, Mindu Shopping Complex, Abbigere Government Hospital, Rajalakshmi Hospital and Papaal Multi Speciality Hospital.

Commercial hub

Abbigere is home to Peenya, one of the biggest industrial hubs of Asia. Peenya encompasses several small, medium and large-scale industries producing, electronics, textiles, machine tools and rubber moulding gears. Besides, Abbigere is in proximity to Yelahanka, Kadugodi, Manyata Tech Park, MS Ramaiah Road and other Central Business Districts (CBD), which makes it popular among the young working populace.

According to Karim Pir Khan, Managing Director, Network Ventures, “While capital demand in Abbigere is driven by the industrial and corporate populace, who cannot afford a house in the heart of the city, rental demand is largely fueled by the student community. Several medical and engineering college students, both from India and abroad, particularly from Africa and Maldives live here. Lower rentals and a plethora of food joints and entertainment options keep the rental demand afloat.”

Connectivity

Namma Green Line is an important mode of transport to and from Abbigere. Covering 24 stations, it ensures a hassle-free trip to locales such as Banashankari, Jayanagar, South End Circle, National College, Yeshwantpur, Peenya, and Jalahalli. Besides, Abbigere is only four km away from Yeshwantpur Railway Station, 13 km from Majestic Railway Station and 20 km from Bengaluru International Airport.

The State buses also ply here at frequent intervals. Auto-rickshaws and cabs are also readily available at odd hours, affirming round the day connectivity to different parts of the city. Moreover, Abbigere also boasts of its proximity to critical areas such as Cross, BEL Circle, PB Road, and Mathikere. All these locations are accessible via road within 10-15 minutes from Abbigere.

Investment prospects

With average property prices pegged at Rs 2,700-4,200 per sq ft, the low-income and mid-income segment have more to gain from residential apartments in Abbigere. Plotted developments here are also reasonably priced. On an average, a plot of 750-2,500 sq ft area hovers from Rs 2,200 per sq ft to Rs 12,500 per sq ft.

Although currently, the average capital prices in Abbigere are on the lower side, its increased popularity and seamless connectivity to key stretches such as NICE Road, Tumkur Road  and Bannerghatta Road are expected to fillip the housing demand further and thereby, the real estate prices.

 


Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.


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