Located on the eastern side of the NH 44 between Yelahanka and Hebbal, Jakkur is a well-developed suburb in the northern part of Bengaluru. In recent times, the demand for properties in Jakkur has grown rapidly, mainly in the affordable housing segment.
Buying a residential property in Bengaluru has not remained much easy, especially for the first time buyers due to increasing property rates. However, the presence of government and private industrial units, improved connectivity as well as proximity to Hebbal Tech Park has played an instrumental role in the growth story of Jakkur real estate market.
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Jakkur is surrounded by many IT parks and is well-connected to other parts of the city via rail, road and air network. The locality is just 100 meters away from NH7/Bellary Road and is in close proximity to the ring road. The area also enjoys an excellent network of Metropolitan Transport Corporation (BMTC) buses.
Jakkur ensures robust connectivity via Bellary Road and metro. The nearest metro station is Byappanahalli Metro Station (8.7 km).
The locality is best known for the Jakkur Aerodrome and Jakkur Lake. Jakkur’s property market fueled up after the establishment of Jakkur Aerodrome in 2011. From few launches to several compact housing projects, Jakkur has witnessed exponential realty growth over time.
Many renowned schools are located in proximity to Jakkur. Some of them include DPS, Ryan International School, Canadian International School and engineering colleges such as BIT, Reva and NITTE. Apart from this, Jakkur is also home to one of the oldest flying schools in the country. Jakkur Lake is a famous picnic spot where families spend their evening time in a serene surrounding.
For entertainment purpose, Esteem Mall, Kurlapa Shopping Complex and Idhaya Complex are a few options.
Also, the development of six-lane, 22 km long elevated expressway has not only brought this place nearer to Hebbal but also gradually attracted many developers and home buyers mainly IT professionals towards this place.
Real estate market
Due to many unparalleled and proposed development, as well as easy availability of land tracts, Jakkur real estate has gained momentum among developers in the affordable housing segment.
Prospective home buyers have the option to choose from a variety of residential units like apartments, gated communities, independent bungalows, row houses, condominiums, and duplexes. However, professionals and families mainly prefer residential flats located inside a gated community as it offers ample basic amenities and facilities at much budget-friendly rates.
Property price and trends
The average property price in Jakkur is Rs 5300/ sq.ft. However, one can easily get an apartment ranging from 5000-6000 per sq.ft. that suits every pocket size. However, if we go by the industry trends, the property prices have almost increased by 50% in last eight years i.e. took a steep rise from Rs 3,500 per sq ft in 2011 to Rs 5,300 per sq ft in 2018.
Also, the proposed Peripheral Ring Road (PRR) will further increase the property price in Jakkur. Experts say, “The expressway will serve as an alternative route to people commuting to and from North Bangalore.”
Clubbing all these positive factors together, it can be said that Jakkur offers an ideal investment option. Moreover, seeing such an upwards trend, even real experts are projecting that the price and demand of properties in Jakkur will increase more in the coming future.