Why Banashankari is an ideal place to buy residential apartments in Bangalore
The evolution of Bangalore over the years has been one of the reasons why the city has seen more and more investments. The property market here is quite stable and robust and was one of the places in the country that is good enough to withstand the effects of demonetization. One of the factors this could be attributed is the good name developers in Bangalore have earned for themselves even when compared to some of the best in the rest of the country.
Post the IT explosion, a lot of unused areas was developed to make up for the lack in residential and commercial spaces. This meant that the builders and developers in Bangalore were in for a real treat. Having acres and acres of land at their disposal meant these people could do what they wanted and how they wanted- be it luxury villas in north Bangalore or apartments in South Bangalore, people could have their pick of the litter. One of the areas that grew in popularity during the past couple of decades is Banashankari which transformed itself from being one of the most traditional areas around to one of the foremost multicultural neighborhoods.
This south Bangalore location is the biggest locality in the whole of Bangalore and was named after the Banashankari Amma temple which was located nearby on Kanakpura Road. The locality is divided into 6 stages. The first three stages have been around for sometime while the latter three stages came into prominence in the past couple of decades. The unique thing about Banashankari is that it is the only section which has all three possible divisions- block, phase and stage.
As expected, this first stage here is the oldest and houses one of the more prominent temples. The key commercial area in Banashankari is the second stage. Any one on the lookout for flats for sale in Banashankari 2nd stage will have an assortment to choose from in Kadirenahalli, Kaveri Nagar, Yarab Nagar and Karesandra.
This is one area in Banashankari where almost all the reputed builders and developers in Bangalore try and stake a claim for themselves as this is where all the action seems to be. Proximity to educational and health institutions, good infrastructure and excellent connectivity to the major working areas of Bangalore make the apartments in Banashankari 2nd stage a lucrative investment for all parties involved.
Kathriguppe and Hosakerehalli make up the third stage which is divided into 9 blocks and 3 phases. This is also one of the more prominent commercial spaces and gained this popularity due to the massive amounts of expansion around the Outer Ring Road. Prices in this area have seen a slight dip in the last couple of months with the rates ranging between Rs 4356-7843 per sq. foot between July and September 2017. The fifth stage is divided in two phases and there are 11 blocks in the final stage where there are a considerable number of residential complexes coming up as well. Out of the many apartments for sale in Banashankari, the safest best would probably lie in choosing one from the second stage. It would also rank among the best deals for apartments in south Bangalore for sure.
Past proposals for the construction of steel over-bridges over the railway stations in Yeshwanthpur and Banashankari railways stations along with a subway over the bus station in Kalasipalyam was among the major initiatives introduced for the ease of access for the residents of Banashankari. Apart from this, the major plans involved building major elevated corridors so that people would be able to reach other parts of the city faster and avoid congestion in the busier parts of the city. These proposed changes gave prospective homebuyers even more of a reason to invest in one of the apartments in Banashankari Bangalore.
As previously mentioned Banashankari is the largest locality in the entire city of Bangalore and is arguably one of the most planned parts of the city as well. It is very well connected to all parts of the city and is flanked on the east by Jayanagar and J P Nagar and Rajarajeshwari Nagar in the west. It is right up there in the list of best places to buy residential apartments in south Bangalore as it has the right mix of good infrastructure, connectivity and is also one of the better places around to invest in as past rises in property rates would have shown. The abundance of lush green spaces, various entertainment spots and restaurants ensure that one would never run out of options to keep themselves occupied.
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