Sarjapur Road has become a booming locality for real estate developers, thanks to its huge multitude of IT employee denizens and proximity to the Outer Ring Road (ORR). The latter is the new home to prominent multinational corporations and is easily accessible to residential areas, SEZs and IT parks, making it a prominent real estate hub.
Over the past 25 years, the city of Bangalore has increased in size by about 400 percent, whereas real estate prices have roughly jumped about 6 times. Prices have increased even since the advent of the Bangalore International Airport on the Yelahanka-Devanahalli stretch. The creation of an IT hub on the ORR and the general increase in real estate prices across the city have led to an alarming spiralling of costs in locations like Whitefield, Sarjapur Road, Outer Ring Road, Bannerghatta Road, and Hosur Road.
Earlier, Sarjapur Road was an isolated place, but with Wipro becoming the first to open the corporate gateway, the real estate boom in this locality started in the early 1990s. The IT sector subsequently started shifting attention from Electronics City and started considering Sarjapur Road as a potential hub, as large tracts of land were available as well as land prices were low at the time. Towards the end of the ‘90s, the Marathahalli-Sarjapur Outer Ring Road was built, which boosted connectivity to Sarjapur Road. IT companies subsequently started setting themselves up on the Outer Ring Road, which became the next IT zone after the International Tech Park (ITPL), in Whitefield. Today, the Outer Ring Road houses IT giants like Accenture, Capgemini, Cisco, HP, and Wipro, to name a few. Besides this, it also houses other prominent multinational corporations like Genpact, Paypal, ARM, KPMG, Nokia, and more.
Apart from the Outer Ring Road, Sarjapur Road is connected to other Bangalore hotspots such as Electronics City and Whitefield. The average price per square feet hovers around the Rs. 4000 mark while the disparity between minimum and maximum prices can be as high as Rs. 2000 and Rs. 8000, respectively. The area is full of essential urban facilities such as hotels, hospitals, educational institutions, gyms, shopping malls and other recreational facilities, banks, restaurants, etc.
Besides its status as an IT hotspot, Sarjapur Road is also gaining recognition as an education hub. The International School of Bangalore (TISB) is located here, as are other prominent schools, such as Primus Public School, Harvest International School, Gear Innovative International School, Delhi Public School, Head Start Educational Academy, and more. Besides educational institutions, the locality is home to prominent malls such as Total Mall, movie theatres such as Cinemax, and a host of banks and restaurants, which assure convenience to locals and visitors alike.
Even as the Southern and Eastern parts of Bangalore have become saturated in real estate terms, Sarjapur Road still stands as a beacon of opportunity and potential for enterprising real estate companies looking to provide quality accommodations to an upscale populace that expects the best in amenities and utilities and is looking for convenient connectivity with leisure and work centres across the city. Unsurprisingly, there are many high profile builders and real estate developers who have left their mark on Sarjapur Road. These include the SJR Group (now known as BREN), Sobha Developers, Mantri Developers, Salarpuria Group, Puravankara Projects Ltd., Prestige Group, and others.
BREN has several acclaimed projects in or near this prime location. These include Paddington, Celestia, EdgeWaters, Redwoods, Park Vista, Brooklyn, and Verity. Paddington has been recently launched, Celestia is ready to occupy by December 2013, EdgeWaters is about to be launched soon, whereas Redwoods, Park Vista, Brooklyn, and Verity are completed and occupied projects. Visit http://bren.com/homes.php to know more about these projects.