With a plethora of opportunities in terms of jobs and investment avenues, Bangalore is among the leading investment destinations of India. In a scenario where the demand for affordable housing continues to drive residential sales across the city, localities such as Thanisandra have gradually started to gain prominence over expensive residential areas such as Hebbal.
While there is always a demand for high-end residential apartments in Bangalore, the demand for budget-friendly accommodations is no less. Having witnessed rapid urbanisation, surging economic growth and the augmenting demand for compact housing, the city, as a matter of fact, is pioneering the concept of affordable luxury as well.
With saturation hitting the established residential market in Hebbal, affordable localities in propinquity such as Thanisandra have emerged as a shining spot in North Bangalore. Here are some of the reasons why we say so.
A suitable alternative to Hebbal
Settled merely at a distance of six km from each other, Thanisandra and Hebbal enjoy a similar set of social infrastructure. Providing robust connectivity to prominent parts of the city via Bellary Road and Nagavara circle, both these markets are situated in proximity to the Outer Ring Road (ORR). However, it is the pricing and the available housing options that make the difference! Comprising mainly of 3 BHK units and above, Hebbal has residential units priced between Rs 6,700-Rs 8,500 per sq ft. On the other hand, Thanisandra is a more affordable option where the average property prices vary between Rs 5,000-Rs 5,800 per sq ft.
“While investment in Hebbal is a costly affair, Thanisandra with multiple housing options is best-suited for buyers with a limited budget. A 3 BHK unit in Hebbal, priced at Rs 1 crore may not necessarily have all the modern amenities as desired by the residents. But, a Rs 1 crore apartment in Thanisandra is brimmed with all such amenities, including a clubhouse,” shares Kareem Khan, Managing Partner, Network Ventures, Bangalore.
Discussing the price trends in Thanisandra, Nakul N Gowda, Owner, VV Properties, a Bangalore-based real estate agent, informs, “A semi-furnished 1 BHK flat in Thanisandra is available at Rs 4,500 per sq ft. The price gradually increases depending upon the developer and the amenities provided therein. Keeping in mind the escalating population and demand for Thanisandra, the region is expected to witness a capital appreciation in the next two years with prices touching Rs 5,000-Rs, 6,000 per sq ft.”
Why should you consider investment in Thanisandra?
With easy access to a number of IT Parks and major commercial centres such as Manyata Tech Park in Nagawara and Kirloskar Business Park in Hebbal, Thanisandra is massively believed to serve the IT/ITeS workforce who prefer staying in proximity to their workplaces. Besides this, the locality also has some of the prominent healthcare institutes and reputed educational institutes within quick and easy reach. With an abundance of shopping and entertainment centres such as Elements Mall and Esteem Mall, there is no need to worry about long commutes to East or South Bangalore for weekend attractions.
Catering to a large number of working professionals within its vicinity, Thanisandra offers attractive rental returns as well. Overall, the presence of adequate social infrastructure has immensely helped Thanisandra gain ground in Bangalore.
Distance from prominent IT hubs of the city
- Electronic City -13 km
- Manyata Tech Park -3 km
- Whitefield - 22 km
- KIADB Industrial area -15 km
“Thanisandra is a safe bet for people looking out for rental properties near Manyata Tech Park or Bhartiya City,” says Nakul N Gowda, Owner, VV Properties, Bangalore. Revealing the price trends in the locality, he shares, “The locality is popular amongst the working populace having offices nearby. While a 1 BHK residential unit within a society in Thanisandra is available on rent at Rs 14,000 per month (exclusive of maintenance), the rental rates for a 2 BHK unit hover around Rs 20,000 per month.”
There is still a lot more to come!
While infrastructural developments such as the widening of the Thanisandra Road and the inauguration of a six-lane elevated road from Hebbal to International Airport have played a pivotal role in augmenting the popularity of the region, there is still a lot more coming up for Thanisandra! Some of the upcoming infrastructure projects in and around the region include enhanced connectivity to prominent places such as Whitefield and Majestic through the proposed Metro Phase 2, development of alternate arterial roads to the airport from Thanisandra, and upcoming mega projects in proximity such as the Devanahalli Business Park.
Keeping in mind the recent price trends and the factors as mentioned here above, the region is expected to witness robust capital appreciation in the future. If you too are looking to invest in North Bangalore, Thanisandra can be a lucrative option to look out for.
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.