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Locality Trends in Banashankari Bangalore


Locality Trends in Banashankari Bangalore

Banashankari is one of the older localities of Bangalore and has its own charm. Let us look at a few trends and facts about the locality in Banashankari. One of the most important aspects is that the Global Village Tech Park is less than 8 kms away from Banashankari. This technology park is one of the major hubs of employment in Bangalore with many companies housed in the campus. The other major tech center, Electronic City is only 20kms away and easily reachable. Being one of the older settlements in Bangalore, it has become a premium residential locality. Several celebrities too have their palatial bungalows. The area of Kathriguppe is home to many well-known stars of the Sandalwood cine industry. This fact makes it among the best in social amenities and infrastructure.

Talking of infrastructure, the Green Line of Namma Metro, the Bangalore Metro Service passes through Banashankari and has a station as well. The location is also very close to the NICE expressway. The railway network is also easily accessible, with the presence of the Nayandahalli Railway Station just 5 kms away. This enables good connectivity to Mysore Road, Electronic City, Kanakapura Road and Outer Ring Road. Many localities within Banashankari are provided with supply of Cauvery Water. This is indeed a boon in Bangalore. There are many manufacturing industries in the locality. Also, the food and packaging industries have their facilities in the locality. Some of the famous schools in the area are Apollo Convent School and Eshwari English School. Healthcare is also great in the area. Some important hospitals are People Tree Hospital, BMS Hospital, The Bangalore Hospital and many more. An interesting aspect of the locality is the presence of a reserved forest in the midst of the concrete jungle. This makes Banashankari truly special from the greenery front. Of course, there are also public parks developed by BBMP in the locality. There are many good malls nearby, namely Gopalan Arcade, Bangalore Central and Gopalan Promenade Mall.

With all of these great features, housing in Banashankari is also at its very best. At Banashankari 1st stage, with it being among the oldest developments in Bangalore, there are large independent houses set in beautiful plots. These luxury bungalows are preferred by the elite of Bangalore. With the development in other areas, Apartments and villas are highly in demand. There are many trending apartments coming up in the locality. Banashankari 3rd Stage comprises a lot of commercial and shopping hubs. One of the newer areas is the 6th Stage in Banashankari. This locality is developing at a fast pace and many new residential apartments and villas are coming up here. It is one of the trending locales in the area of real estate in Banashankari. In terms of trends within apartments, buyers are buying homes with either two bedrooms or three bedrooms. At the moment, the rate of sale of residential properties lies between the range of Rs. 4,200 per square feet, to about Rs. 6800 per square feet. The real estate has seen good returns with about 3-8% appreciation in prices over the last few years.

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