The city witnessed a net absorption of 33,988 units in 2012 of which the lion’s share of 45-50 per cent was seen in Bangalore East
“Unlike Mumbai, the garden city expands laterally as more and more people move to the city for work. The residential sector throughout India may appear dull despite numerous attractive schemes offered by developers, in addition to the housing loan exemptions from the Government. However, Bangalore has a different story to tell,” says Shrinivas Rao, CEO-Asia Pacific, Vestian Global. “Accommodating over one million IT/ITeS workforce, and expecting to add over 100,000 employees annually, Bangalore witnessed a net absorption of 33,988 units in 2012 of which a lion’s share of 45-50 per cent was seen in Bangalore East. Once upon a time nothing but vast expanse of agricultural land, today Whitefield and ORR-Sarjapur count as the city’s most exciting residential destination, he says, “with everyone keen to move into that area.” What could have possibly led to such popularity and rapid transformation of Bangalore East into “the most sought after” region by home-buyers and investors?
Says Shrinivas Rao, “Neighbourhoods in Whitefield, ORR-Sarjapur, HSR Layout, and Mahadevpura boast of their proximity to the SEZs. Majority of the IT/ITeS companies present in the city house expansive campuses on ORR, Whitefield, ITPL and Electronic City. This region has witnessed massive growth in infrastructure in terms of connectivity. The ‘signal-free ORR’ stretching all the way from Silk Board junction to Hebbal and linking Electronic City to Whitefield is the major highlight of the eastern quadrant. Composed of a series of flyovers and underpasses, this 8.5 km extension is a boon for working professionals residing in HSR Layout, BTM-Madivala, and Marathahalli. The Madivala-Electronics City flyover is another useful linkage that transports you to the State boundary from the city centre within a quick 15-minute drive.
Over time, this route has facilitated a residential surge in adjoining neighbourhoods of BTM, Silk Board and Bommanahalli. Who could possibly defy the benefits of the Bangalore Metro Phase 1 connecting the city centre to eastern extension of Byappanahalli? This development has immensely facilitated working professionals opt for residential enclaves in the lush neighbourhoods of Bangalore East.”
Subsequently rapid development in terms of social infrastructure has boosted the desirability quotient. Whitefield and ORR-Sarjapur today collectively house six 5-star hotels, six operational malls and a host of fine dining options.RANJANI GOVIND