Tumkur Road, One of The Most Sought After Self-Sufficient Micro Market

  • Added:
    Aug 25, 2014
  • Article Views:
  • Word Count:
Tumkur Road, One of The Most Sought After Self-Sufficient Micro Market Photo by Nandinee Gowda

Developing into an attractive destination for home buyers, National Highway 4 or better known as Tumkur Road is one stretch that is fast emerging as a realty hub. Dotted with many shopping malls and business establishments, the stretch also has a fair share of commercial spaces. While all the neighbouring localites around the highway have rapidly developed, properties in Tumkur Road are now witnessing a major boom.

Constituting a major part of the Golden Quadrilateral in the Mumbai and Chennai region, the road has eased the access between Karnataka and Mumbai. On a daily basis over 1 lakh commuters use the 19.5 km of stretch along with the elevated expressway. Affordable plot values, great connectivity and rapidly developing infrastructures are also attracting many real estate developers. The locality has currently been marked by many developers who are buying land in large parcels to build residential spaces.

Talking about its connectivity, Tumkur Road is well networked to the Nelamangala-Bangalore Expressway and NICE Road. The proposed Hesataghatta Cross metro station here will further improve the inter-city connectivity. Prime localities like Malleswaram, Rajajinagar, Peenya, Yeshwantpur and Nelamangala Industrial area are well networked with Tumkur Road. Although the locality is about 30 km away from the Bangalore Airport, the locality has a number of buses that provide good accessibility to the other parts of the city. Local and national real estate developers are now purchasing large properties in Tumkur Road to cater to the housing demand. Capital values of apartments here have appreciated over 40% and are attracting many property seekers. Tapping into this demand, the builders are offering an array of homes that vary from being affordable to mid-segmented to even luxurious, the locality is fast emerging into a residential catchment area.

Soaring prices within the city too have forced individuals to identify localities that fit their budget. Minimal budget flats in Tumkur Road have become a hit amongst both buyers and investors. Real estate developers are also exploring other housing units and are offering generous living spaces at economical prices. On an average an apartment for sale here is estimated to hover anywhere between the price band of Rs 4,900 and 5,300 per square feet, depending on the amenities that are being offered by the builders. The established social infrastructure also attracts working professionals and families to reside here. Schools, colleges, entertainment arcades and healthcare units here gradually add to the growing housing demand.

Being an exceptional market that offers approved plots by both BMRDA (Bangalore Metropolitan Region Development Authority) and NDA (Nelamangala Development Authority), several development can be seen on this stretch. A residential plot in Tumkur Road is expected to cost anywhere between Rs 1,700 to 4,500 per square feet.  With the stretch seamlessly connects Bangalore to Mumbai, it doesn’t come as a surprise to see many industries setting up their base here. The announcement of the Mumbai-Bangalore Industrial Corridor has also lured many players to enter the market.

The established social infrastructure and the growing economic belt here ensure that flats in Tumkur Road reap formidable benefits. And with the locality being a self-sufficient micro market, the never ending housing demand will also further push the prices. So if you are looking towards investing in a market that offer high ROI- Tumkur Road is the place for you.

Author's Profile

Nandinee Gowda is a real estate blogger and writer. He writes articles and blog content about real estate market trends. He prefers to invest in properties in Tumkur Road and flats in Tumkur Road

Please Rate this Article
Poor Excellent