A locality that is conducive to your holistic living is usually most coveted by potential buyers. One such prime location is Jakkur.

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By Century Real Estate November 19, 2019

Jakkur - the fastest developing locality in North Bangalore

A locality that is conducive to your holistic living is usually most coveted by potential buyers. One such prime location is Jakkur. Jakkur’s rapid infrastructural development and balanced social-cultural life are alluring to most home seekers. Moreover, Jakkur’s connectivity and accessibility to prominent landmarks are establishing a residential niche for itself in North Bangalore.

Jakkur is a prominent investment destination too, due to high returns and standard of living. Apartments in Jakkur not only offers affordable and mid-range housing but also has a variety of luxurious, all-inclusive and facilitative apartments. Thus it boasts of a highly competitive real estate market offering definite price appreciation with an average annual return of 11%-14%, as per market estimates. Jakkur hence currently has more than 100 new and upcoming residential projects for a discerning crowd of prospective buyers

Past Reasons for Development

Further, the Development of the Bellary Road and Bangalore-Hyderabad Highway are major factors contributing to the growth of Jakkur’s real estate market. The region since then has seen a significant increase in residential and commercial pockets. Favorable factors such as availability of land, proximity to business hubs, high connectivity, and pristine environment has drawn many reputed builders to mark their footprints with several new projects with 2 BHk flats in sale for Jakkur.

Future Growth of Physical Infrastructure

The building of the proposed elevated expressway is set to boost connectivity in the area allowing to reach anywhere in Bangalore once they got on to the Bellary Road. The construction of the proposed Peripheral Ring Road, supporting 8 lanes of traffic, will decongest traffic to a great extent in the entire stretch. The 22 km-long, six-lane, signal-free expressway will connect it to Hebbal on one side and to the airport on the other. Such unparalleled infrastructural development further enhances the locality’s overall residential and commercial appeal for end-use or investment.

In addition, the government is keen on relocating the Bangalore Turf Club (BTC) from outside the city to Jakkur. The locality’s proximity to the airport and the availability of 150 acres of land also make it an ideal location for the BTC to start operations here.

Proximity

Jakkur’s proximity to high-end neighborhoods such as Hennur Road, Sahakaran Nagar BIAL Road, Hebbal, Kodigehalli, Sampigehalli, Dasarahalli, Rachenahalli, and Amrutahalli, via excellent roads and public transport, further propagates its growth. Thus Jakkur’s proximity to these prominent places such as Bellary Road and Bangalore-Hyderabad Highway further mobilizes its connectivity rendering the impetus crucial to its rapid development in all-around sectors.

Connectivity and Transit Points

Jakkur Main Road, Amruthahalli Main Road, and Talacauvery Road play a vital role in enhancing the region’s overall connectivity. Since several buses ply to and from GKVK, JNCASR, Telecom Layout, Amruthahalli, and Byatarayanapura bus stops facilitating intra-city travel. Hebbal Railway Station and Kodigehalli Railway Station are the two prominent rail transit points near Jakkur, providing inter-city rail transport.

Taking Century Horizon as a landmark, Kempegowda International Airport is just a 20 mins drive, Embassy Manyata Business Park is 15 mins, Koramangala is 20min via Bellary Road, Mekhri circle is 25 mins, MG road is 35 mins drive, KIADB Industrial Area is 10 mins via Bellary Road and Wipro Corporate Office are 10min via NH-74/NH-44. Thus, the connectivity of Century Horizon to the above business-hubs is expected to further expedite Jakkur's growth in the real estate market.

Pristine Environs with Natural Resources

The bounty of nature Jakkur possesses being situated amidst ponds and lakes adjoining the Bangalore-Hyderabad Highway renders serenity to its environs. Thus luxury apartments in Jakkur with scenic views are popular amongst potential buyers

Favorable Social Amenities

Jakkur houses the reputed Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), famous Jakkur Airfield called Jakkur Flying Training School, The Baptist Mission Hospital is a major landmark here, along with the Manipal School of Information Technology. Other noteworthy educational institutions such as Ohio Manipal School of Business, Pradeep Education Society and Amrutha Education Society, etc are in the vicinity. It also has a few well-equipped health-care facilities around the area, such as Regal Hospital Bangalore, Motherhood Hospital and Columbia Asia.

Shopping and Entertainment 

Mega Mart, Esteem Mall, Big Bazaar, and Reliance Fresh is the nearest commercial establishments to Jakkur, providing the residents with basic amenities. Movie theaters and eateries like Curry King, Maha Sri Restaurant and Amber Restaurant are scattered here, too.

Residential and Commercial Market Trends

Jakkur’s real estate market mostly comprises of Multi-storey Apartments with an average sale price for 2 BHK apartments for sale In Jakkur North Bangalore between 7K to 9K per sq.ft. The Rentals for a 2-3 BHK apartments vary from Rs 16,000 per month to Rs 65,000 per month, depending on whether the apartment is a premium or regular and exact location.

Commercial development in Jakkur is on par with its residential development. The average rate for commercial plots in Jakkur is also gradually increasing due to the many employment hubs in the vicinity. A discerning crowd looking for employment opportunities and business expansion consider commercial developments of Jakkur as lucrative investments with substantial appreciation rate. The price range for these commercial plots varies as per its exact location and favorable social amenities in proximity.

Conclusion 

Superseding the micro-markets trends, Jakkur has advanced as a desirable residential development with its several residential formats. Gated communities, independent bungalows, premium apartments, condominiums, and duplexes are preferred owing to the availability of an array of amenities and facilities within the society.

Thus taking everything into account, Jakkur is substantially pacing up development. Replete with opportunities for homebuyers, it has emerged as a favorable reality precinct in North Bangalore. It is witnessing reality expansion which is further set to boom due to the proposed PRR and the lake rejuvenation project.

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