In recent times, many new localities have emerged in the IT city, Bangalore that has attracted many homebuyers who are looking for budget-friendly and affordable homes. One such locality which has gained prominence among home buyers is Thanisandra. The area is located in North Bangalore and with the recent expansion of the main road; the area has become a favourable realty hotspot. Take a look at some of the features that have made Thanisandra an emerging real estate hotspot in Bangalore:
The locality is surrounded by many plush and affordable residential localities as well as IT parks such as Hebbal, Jakkur, Hennur, HBR Layout, etc Situated on the Outer Ring Road, the area enjoys seamless connectivity via a thriving rail and road network. One can easily commute easily with local BMTC buses which are available at frequent intervals. Also, the locality is in close proximity to International Airport which is just 20 minutes far away.
There are many planned and proposed infrastructural developments sanctioned by the state government to make this area more popular and bring it within the reach of people. For example, the proposed metro connectivity in Whitefield and Electronic city will further push the real estate market of the locality.
Thanisandra is home to many leading schools, renowned IT parks, malls, recreation, and entertainment centres. Some of them include Nees Montessori Pre Primary School, Shangri-La, Hilton Ibis, Sri Basaveshwara School, Blossoms International Play School, Novotel, Manayata Tech Park, and KIADB Industrial area etc. Due to proximity to IT Hubs and Industrial area, Thanisandra is favoured by mostly working population who are looking to invest in their own home which is near to their office space.
Real Estate Market
The Thanisandra main road has been recently widened to 100 ft. Due to this; the property market here took a steep jump. Also, with planned infrastructural development underway, many leading developers have developed housing projects here catering to different segments. Some of them include Mantri Builders, Unishire group etc. One can easily get different size and configuration apartments at affordable rates.
Thanisandra has also grown a booming rental market in recent times due to the presence in IT hubs and industrial are in the vicinity. A good percentage of the rental community has strong presence here.
Property Price and Trends
Presently, the average property price of the apartment here is Rs 5,903 per sq.ft. The minimum and the maximum price hover around Rs 4,620-7,186 per sq.ft. While a one BHK is available at a price of 30 lakh, a 2 BHK will cost you Rs 60 lakh onwards. Studio units are also available with a starting price of 20 lakh.
Talking about the rental price, a 1 BHK will cost you around 14000 while a 2 BHK can be availed at Rs 20,000 onwards.
Experts suggest that as compared to Hebbal, the property prices in Thanisandra are still on the lower side that’s why one can easily avail bigger units at affordable prices. So, it’s a good time to invest here as with time, the rates will jump accordingly.