“The future beckons Kanakapura Road,” says real estate market analyst Manoj Shetty, pointing to the noticeable brick-and-mortar seizure in the lush green neighbourhood of the 65-km State highway leading to Kanakapura.
Lakes, coconut orchards, ragi fields, vegetable farms, jelly-stone units and vast lakes where cattle leisurely wander; it's like setting up a home at a vacation spot.
The sudden sprouting of tall multi-storeyed apartments, built as exclusive enclaves in the middle of narrow lanes of what used to be villages, is apparent.
Says H.R. Girish, CEO of Vakil Housing Development Corporation, “The road was virgin and offered connectivity to Electronics City, Hosur, Sarjapur and Whitefield on one side, and Magadi Road, Mysore Road and Tumkur Road on the other, apart from its proximity to Jayanagar and J.P. Nagar.”
Metro effect
The prospect of connectivity to the central business districts via Namma Metro, even from as far as Tataguni, seems to have made this road further attractive.
A study by real estate portal 99acres.com revealed that property price trends after the launch of the first reach of the metro have enabled a higher price push in Kanakapura Road and Jalahalli, which will be connected in the next reach.
Land value on Kanakapura Road is upwards of Rs. 3,500 per sq ft in developed stretches, while average flat builders price their residential units at nothing less than Rs. 4,000 per sq ft.
For seniors too
Most of the projects coming up on Kanakapura Road are integrated townships, which attract senior citizens as much as the young working population.
“The quiet environs of this pastoral area are what we want in our sunset areas. Being away from the city doesn't bother us as we hardly go out,” says septuagenarian Padma Murthy, who stays at Suvidha retirement village on Kanakapura Road.
According to Mahesh Khaitan, who heads the research group Sattva Real Estate Solutions, the action begins at Konanakunte Cross and extends even beyond the Art of Living ashram, where builders have already invested in land reserves.
