Is it worth investing in Kanakapura Road?
Is it worth investing in Kanakapura Road? – Let us explore
Strategic Location
One of the major benefits of investing in Kanakapura Road is its prime area. It connects the area to major hubs such as Jayanagar, and JP Nagar. The Green Line of the Metro gives a good metro network that ensures seamless access to all major areas within the city. Also, the strategic area gives access to all major IT parks in E City.
Infrastructure Development
There are many ongoing projects in the area that include widening of Kanakapura Road to ease traffic. There are many ongoing works in water pipe lines and drainage systems, which will improve the lives of people in the area. The Peripheral Ring Road, once done, will give better access to North area of the city, and investing here will give good value.
Excellent Connectivity
Kanakapura is well connected to other areas of the city through NICE Road. The Road connects the area to Mysore Road, Tumkur Road, and E City. NH 948 gives good road access, and now it has been expanded into a six lane highway. This will reduce traffic, and it will make travel smoother.
Better Lifestyle, and Social Life
The area has everything that is needed for daily life, which includes IT hubs, schools, malls, and more. The area has the top schools that include Delhi Public School and Jain School. Parents no longer need to worry about long travel for their kids.
Some of the big hospitals in the area include Apollo and Fortis Hospital. Some of the major shopping malls in the area include Royal Meenakshi Mall and Forum Falcon City Mall.
Future Growth
Kanakapura Road is growing at a fast rate, and property prices are likely to grow in the coming years. The average price of properties in the area is ₹6,000 to ₹12,500 per sq. ft. It is affordable compared to other prime areas. With the growing demand, experts expect a fast rise in property values over the next 5 years.
- Plot prices: ₹6,500 to ₹10,000 per sq ft
- Flat rates: ₹9,000 to ₹11,000 per sq ft
- 1 BHK rent: ₹10,000 to ₹20,000 per month
Investing in Kanakapura Road is the smart choice for buyers as it has good access to all areas with a strong growth potential. The future growth potential makes it the best area to invest.
One of the upcoming highlights near this corridor is Birla Evara, a new residential launch which is 35 km away. It promises modern homes within a well planned community. Investing in this property is the best choice who want long term value with a luxury lifestyle.
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