Real Estate Trends In Varthur Road
The Real Estate Trend in Varthur Road is rising with a high demand for residential and commercial projects by prominent real estate developers. The region is a top IT hub and business centre located in East Bangalore and offers many luxurious township projects, such as Prestige Raintree Park. It has been known as the best region to invest and own a real estate property in the area. According to real estate trends, the prices of the properties in the region have seen new heights over the past decade as more investors and corporations invest in the real estate market of Varthur Road. The price trends of modern properties range from Rs. 11,356 per sq. ft. to Rs. 15,015 per sq. ft.
Factors Influencing the Real Estate Trends in Varthur Road
- Rising Property Value - The prices of properties on Varthur Road are increased by 15% to 20% every year. It is the fastest developing region, and it has numerous luxurious projects.
- Locality - Varthur Road is a modern locality in East Bangalore close to Whitefield, which offers premium real estate projects developed by top builders. It is also home to major tech parks and IT firms.
- Amenities - Varthur Road provides good access to basic amenities and facilities like schools, hospitals, colleges, and shopping malls. It also has large retail centres and malls situated nearby.
- Connectivity - Varthur Road is well connected to Whitefield via Whitfield Main Road, Sarjapur Road via Varthur Sarjapur Road, ITPL via Whitefield Main Road, and Old HAL Airport.
- IT companies - Varthur Road is home to major IT companies, such as Wipro, Dell, Cisco, Infosys, ARM, Huawei, TCS, Aricent, and many more.
