₹4.99 Cr
Investment Size
Bangalore
LocationUnder-Construction Commercial Space, Kanakapura Road
Why invest in this opportunity
Development of Tech Park in Kanakpura road is a necessity because there is quite a sizeable population living here that works in the tech parks located in Whitefield, Outer Ring Road, Bannerghatta Road, JP Nagar. Metro connectivity has reduced the travel time considerably for the people residing in this area for those working in Whitefield, CBD and Indiranagar/ORR Location. With increase in population and low supply of quality commercial spaces - we foresee good commercial market and after that it will be asset owners monopolistic market.
Accessibility and Location
This property is located on kanakpura road with easy access to Konankunte Metro station-400 mtrs and Nice road-5 kms. Forum south mall is 350 meters away and metro cash and carry at 1.9 kms distance.
Market and Asset class performance
The growth in Kanakpura market has been stupendous with new infrastructure initiatives. Land prices on main road has gone up by over 100 %. The new roads connecting Kanakpura road to other parts of city has developed like Banasankari and JP nagar 9th phase where the affordable housing has been planned.
Expected Growth Scenario
There is emphasis from present government to create and Industrial and logistics hub in Kanakpura, Bidadi and Harohalli. There are no land available on the main road for organized commercial in the area thus we emphasize the fact that the rental will increase by more than inflation rate in this area.
