Located on the north-west region of Bangalore is Rajajinagar; a locality where real estate development has improved fortunes for those made it early. The locality is named after C.Rajagopalachari, the renowned Indian freedom fighter. This is one place where one can find a fine balance of cultured and cosmopolitan living.
Rajajinagar is split into 2 stages which are further split down into blocks, each block denoted by a number or an alphabetical listing. Yeshwanthpur and Malleswaram are the immediate neighbors of this fast developing residential hub of Bangalore. Other neighbourhoods within quick reach include Basaveshwara Nagar, Mahalakshmipuram, Mahalakshmi Layout, Vijaynagar, etc.
Reasons are plenty that has pushed Rajajinagar to the prime spot of real estate development, but what has accelerated the growth is the rapid infrastructural development in the Yeshwanthpur-Rajajinagar-Malleswaram region.
Rajajinagar enjoys close proximity to the Central Business Districts (CBD) of Bangalore. The Brigade WTC and Golden Heights are the noted commercial centres in near vicinity. It won’t be too long from today when Rajajinagar will become an extended CBD where residential spaces and commercial centres will jostle with each other for space.
Rajajinagar has already secured a soft corner in the minds of Bangalore denizens for another reason. The city’s prime hangout joints – the Mantri mall and Orion mall are located here and poses an excellent destination for retail therapy at your own leisure. Unlike other malls that are located amidst snarling traffic junctions and bottlenecks, these malls are positioned amidst serene residential neighbourhoods with zero noise and zero pollution.
A short drive of 5kms will take you to the Yeshwanthur railway station from where inter-state and intra-state rail connectivity is available all throughout the year. Once launched, the monorail connectivity will also bring the BIAL and Hebbal Outer Ring road further closer to Rajajinagar. At present the 8th main road and Mahakavikuvempu are the arterial roads providing quick road connectivity to commercial centres of Bangalore.
Rajajinagar has about 30+ schools, day-cares and educational institutions which put to rest the worries of working parents in the IT/ITES sector. In addition to educational institutions, the region also enjoys a decent presence of extracurricular training facilities, parks and entertainment avenues that will give your child a splendid environment for growing up. Further, nationalized banks, ATMs, petrol pumps, salons, convenient stores – there is everything at Rajajinagar that a household will require for comfortable living.
Purvankara, V Raheja, Phoenix Ltd, Brigade and a range of other prolific real estate developers of India have already sketched plots for building elite housing properties in Rajajinagar. Past statistics and current price trends indicate a 12-14% annual capital appreciation for real estate properties in the region. The surge is deemed to continue without any shortfall in the near future.
Most properties located in Rajajinagar are affordable for the higher-income bracket customer segment. The property prices range from Rs.8,500 to Rs. 10,500 per sq.ft which is significantly higher than most noted localities of Bangalore. Real estate developers are betting high on the booming IT/ITES sector which is attracting investors and employees from all corners of the country. The demand for quality living space in Rajajinagar seems ceaseless at this point.
Author Bio:
Brinda is a Bangalorean by heart though a Tamilian by origin. She loves to stay out and write on Indiaproperty.com in her free time.
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