Hosur Road in South Bengaluru essentially covers locations such as Begur, Kudlu Gate, Singasandra and Electronic City. It has major factors contributing to its growth. Locations along Hosur Road close to Electronic City and Begur Road essentially cater to affordable and mid-segment housing. Prices in Electronic City, for instance, range between Rs 3,500-5,600 a sq ft. Prices on this stretch are more relatively affordable than other major information technology (IT) hubs, including Whitefield and Outer Ring Road-Marathahalli. Hosur Road has a wide range of housing options.
Commercial property prices range from Rs 4,500-8,000 a sq ft based on the type of property and the amenities available in the building. Rental yield in Electronic City varies from 3.5 per cent to 4.2 per cent, which makes it one of the top rental yield markets in Bengaluru.
As one of the major IT hubs in Bengaluru, Electronic City has seen major real estate
development over the last few years. It houses several IT majors such as Wipro, Infosys, HCL, and Siemens, to name a few.
The area boasts of good connectivity via Expressway and Hosur Road to other major areas of the city and is also easily accessible to the NICE corridor. Moreover, with the opening up of several retail and entertainment outlets, the area has become quite self-sustained.
Major players like Prestige Group, SNN Builders, Raheja Group and Salarpuria Sattva are already active in this micro market – a fact which has worked well from an overall profiling perspective.
Hosur Road has local retail stores, while the surrounding areas of Hosur have many neighbourhoods retail stores that cater to the large segment of the population living here. Some of the other prominent stores are Metro Cash and Carry, More supermarket, D-Mart, Stanley Global Living, Emporio, etc. The locality has many food joints varying from Indian to continental foods. Some of the known food joints in the area are Cafe Coffee Day, Subway, Burger King, Frozen Bottle, Domino's Pizza, Pizza Hut, KFC, McDonald’s and Beijing Bites etc.
The writer is MD - land and head - South India, ANAROCK Property Consultants