JP Nagar is 1 of the most well known residential locality in Bangalore. It is situated in the southern aspect of the city. The location neighbours other residential localities such as Banashankari, Jayanagar and BTM Layout. The location comes beneath the planned improvement category as it was designed as an extension of Banashankari and Jayanagar to accommodate the expanding population there. The location is measures 2500 acres and is spread more than nine phases. 1 of the main connectors in the city of Bangalore is the Outer Ring Road (ORR). The ORR runs by way of JP Nagar. By means of this road this location is nicely connected to all the main components of the city.
The other main roads which passed by way of this micro industry are the Kanakapura Major Road and the Bannerghatta Major Road. The National Highway 7 and Good Ring Road are some of the notable roads which can be conveniently accessed from this locality. The Kempegowda International Airport is situated at a distance of 47 kms from this micro industry. Even though there is no proposal for a metro station for this locality, there is a proposal for a metro station in Kanakapura which will prove incredibly valuable for these who are living in this location.
The typical cost for apartments for sale in JP Nagar stands at INR 4200 per square feet. The typical price for apartments stood at INR 3600 per square feet a year ago. The home rates right here have appreciated by about 17 % more than the course of the final year. The going price right here has been going up and down for the final four years. About four years ago the going price stood at INR 2900 per square feet on typical. The most well known configuration for apartments for sale in JP Nagar are two BHKs. three BHK flats in JP Nagar come in as a second selection. The most well known price range variety for these who are hunting for properties in this micro industry falls among INR 40 and INR 50 lakhs.
The second most well known price range variety falls among INR 30 and INR 40 lakhs. The most preferred unit size for apartments right here falls among 1000 and 1250 square feet. The 1251 to 1500 square feet variety comes in second. Purchasers are prepared to invest an quantity equal to higher than INR 2000 per square feet on apartments in this locality.
This is followed by the INR 3001 to INR 3500 per square feet variety. The micro industry is regarded to be a industrial actual estate hub as nicely in addition to getting a hub for residential actual estate. Plots are accessible in restricted quantity right here. Given that the Details Technologies hubs such as Electronics City, Whitefield and Marathahalli are situated in close proximity to this micro industry, there has been demand for industrial actual estate right here. It has attracted the IT population as nicely mainly because of the exact same purpose.
NRIs are an additional set of purchasers who are hunting for properties such as three BHK flats in JP Nagar.