According to the sources, the advantage of seamless connectivity certainly plays a vital role in boosting the property prices in KR Puram. With the development of the second phase of Bangalore's Namma Metro, the locality will be connected to Baiyappanahall. The real estate experts predict that the price of the properties in KR Puram is expected to be increased by 20 to 30%.
When it comes to property investment, Bangalore offers several good localities to invest in. Apart from it, the home buyers can have a multiple choice while buying a property. Krishanaraja Puram is one such area that offers a wide range of residential properties. Particularly, the demand for home is high among the working professionals who have their work locations in Narayanapuram and Mahadevapuram.
Located along the National Highway (NH) 4, Krishanaraja Puram has emerged as the reatly hot spot after the existence of Information Technology (IT) in Marathahalli and Whitefield. Thus, the real estate developers build residential projects in this region by targeting the IT working professionals.
Connectivity is one of the key reasons that attracts the home buyers and investors to buy a property in KR Puram. The locality has good access to three arterial roads that include NH 4, State Highway 35 and the Outer Ring Road (ORR). Besides, KR Puram has the presence of railway station which is located 14 km from the Bangalore City railway station. Also, the international airport can be reached by commuting through the ORR which is 37 km away.
On the downside, the residents of Krishanaraja Puram have been suffering from numerous traffic snarls, as the KR Puram Junction is not very spacious. Alongside, the localities face issues like irregular water supply and the problems of dumped garbage on the roads.
Despite these problems, Bangalore's real estate market remains steady. With well-developed social infrastructure and increasing job opportunities, Bangalore is certainly a top real estate destination in the country. The city has famous schools and colleges that are best in the country. Besides, Bangalore is the major IT hub that attracts a heap of IT professionals. According to reports, it is estimated that 35% of IT professionals in India are working in Bangalore.
The real estate sources say that is about 40% of the residential projects in KR Puram that are under construction in which 36% are individual homes and the rest are plots. In recent times, the price of the apartments in KR Puram have increased by 2.9% while the individual homes have reduced by 9%. Thus, if you are intention is to invest in apartments in Bangalore then preferring Krishanaraja Puram could be the ideal choice.
