Bangalore: Not long ago, Kanakapura Road was seen as a far-flung extension of Jayanagar and J P Nagar. But as the city's periphery expanded, Kanakapura burst into the realty landscape with relatively reasonable land rates.
This transformation has meant that an area that had only a few major developers like HM Constructions now has a host of them launching or looking to launch projects. That includes Puravankara, Sobha Developers, Mantri Developers, Nitesh Estates, Brigade Enterprises and Chartered Housing.
"The catchment area of Kanakapura Road, Banashankari and J P Nagar has mature social infrastructure. The NICE Road connecting the area to Electronics City, and the proposed Metro Rail have triggered a residential boom in this area.
"The proposed metro rail link all the way up to the Art of Living Ashram will be a game changer for the micro markets as well.
Unlike its upscale neighborhood that commands a premium; capital values on Kanakapura Road are more moderate. They have risen gradually, as and when infrastructure developed around the region. There is some indication that over the past year, there has been a sharper rise. SV INFRA Developers launched SV JASMINE apartments Rs. 2800* per sft.
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