Kadugodi is an emerging residential locality situated close to the prime commercial hub of Bangalore, i.e. Whitefield. The area consists mostly of high-rise residential apartments, catering to the IT professionals. Proximity to tech parks, commercial zones and educational institutes have been one of the major reasons behind the popularity of this area over the past couple of years.
Location and Neighbourhood:
Since the IT boom in the 1990s in Silicon City of India, Kadugodi has witnessed development by leaps and bounds. Mostly, 2 and 3 bhk affordable and mid-range apartments are the most preferred options here. Being in proximity to International Tech Park Bangalore [ITPB], Kadugodi provides good job opportunity and comparatively lower property rates than commercial hubs due to which it attracts a large base of homebuyers and investors.
Infrastructure [Social, Physical and Civic]: Kadugodi is a home of an overall well-established social infrastructure. Some of the famous schools are located within and close to this area such as Whitefield Global School, Vyadehi School of Excellence, to name a few. Also, Kadugodi has the presence of esteemed hospitals, namely New Life Hospital, Yashumathi Hospital, Columbia Asia Hospital, to name a few. BMTC buses connect Kadugodi to several other areas of Bangalore. Auto-rickshaws and cabs are some of the other popular commuting options. Besides these options, close distance from Whitefield Railway Station provides the residents of Kadugodi excellent inter-state connectivity. If you are a foodie, then Kadugodi will be a preferable choice as there are a number of popular restaurants and hotels. Further, Kadugodi also has the presence of several well-maintained parks with Kadugodi Park and Maithri Layout Park being the most famous one, providing a lush green over and an overall peaceful ambiance.
The on-going construction of road underbridge that connects Kadugodi and Channasandra junction will provide relief from traffic jams at Bengaluru- Jolarpet railway track. Overall, Kadugodi is one such area which has all the characteristics of being a potential residential destination for end-users.
Capital Values: Although property rates have witnessed a depreciation of around 3% QoQ in Kadugodi, the growth is expected to take a leap in the forthcoming quarters due to infrastructure expansion projects such as Namma Metro and Peripheral Ring Road. Due to developed social infrastructure and swift connectivity to IT Zones, Kadugodi establish itself as an attractive location for end-users as well as investors. At present, the locality offers an array of property options which are priced below Rs 60 lakh. The average property rates in Kadugodi are Rs. 3,952 - 4,292/sq. ft.
Rental Values: Being a pocket-friendly neighbourhood area of Whitefield, rental demand always remains as one of the key USPs of Kadugodi. Close proximity to software parks and educational institutes are one of the major reasons behind maximum traction of working people as well as students alike. Due to upcoming metro station, the rental landscape is anticipated to take a step further in this area. Currently, rental rates for 2 bhk in this locality are around Rs. 14,280 - 16,065, while 3 bhk options are available within the range of Rs. 17,978 - 21,573.
Entertainment: Though the locality itself doesnt have any prominent shopping place, there are some movie theatres, namely Srinivasa Theatre and Kino Cinemas. There are popular shopping destinations and entertainment zones such as Forum Neighbourhood Mall, Inorbit Mall and Ascendas Park Square Mall, and IONA Entertainment Pvt Ltd. which are just 3-5 km away to enjoy weekends.
Upcoming metro station in this area has really pulled up the chances of steep rise in realty growth in Kadugodi. Also, the under-construction Peripheral Ring Road is a major infrastructural project which will not only decongest traffic in Kadugodi but will also act as a growth stimulator for the property demand here. Backed by such infrastructure projects under its hood, Kadugodi is expected to pioneer the development pathways.