Yeshwanthpur is on the road to development. The region, once considered a distant suburb, is now in focus with bustling retail and residential activity along with infrastructure development projects.
Yeshwanthpur is surrounded by densely populated localities such as Rajajinagar, Malleswaram, Mathikere, Jalahalli, Mahalaxmi Layout, Nandhini Layout and Sadashivanagar. The city has expanded much beyond this former suburb today. However, there was a need for good hospitals, hotels, schools and retail outlets to cater to this populace, and today, Yeshwanthpur is emerging as a self-contained locality with all these amenities.
Infrastructure
A slew of development projects are coming up here giving the area much better access. An underpass below the Yeshwantpur flyover near the police station, fresh ramp, and wider road from Tumkur Road for smooth flow of traffic to Yeshwantpur are some. The Circle Maramma Temple junction is also getting a new underpass to connect to the underpass under progress at the Prof C N R Rao Circle.
The C N R Rao Road underpass will be a unique Yshaped underpass as it is an important junction. The cost of the project is estimated at Rs 30.14 crores and began in January 2011 by the Bruhat Bangalore Mahanagara Palike (BBMP). This Y-Shaped underpass will ensure traffic flow towards Yeshwanthpur-Malleswaram and Yeshwanthpur-Mekhri circle.
The Metro Rail towards Rajajinagar, as part of Reach III of the north-south corridor which will be 24.20 km long, will also bring in tremendous commercial development to the region. The Metro Rail work is progressing at a fast pace here. Reach III of the Metro Rail project begins from Majestic and continues upto Hesaraghatta cross. The route goes through Sampige Road, Srirampura, Kuvempu Road, Rajajinagar, Mahalakshmi Layout, and reaches Peenya and Nagasandra.
This part of the city has been facing connectivity issues of late and the Metro will open up the traffic congestion in a big way. With better connectivity, property prices are bound to go up, and so will the demand for retail and commercial spaces. While Reach III of the Metro Rail will run from Swastik to Yeshwanthpur, Reach IIIA will be from Yeshwanthpur to Peenya.
Realty prospects
“Yeshwanthpur is a fairly well-developed locality today,” says Tufan Ghosh, CEO, Columbia Asia Hospital in Yeshwanthpur. “The Metro passing through here will also make a significant impact,” he adds.
The Metro will mean a big boost and properties on West of Chord Road, Dr Rajkumar Road and Tumkur Road will certainly rise in value. There are many housing projects coming up at the Rajajinagar-Magadi Road junction. Huge retail outlets have already earmarked space for their upcoming stores. The availability of residential units will mean people looking at closer proximity to the Central Business District and Majestic, coming here to stay. The residential catchment is extending upto Mysore Road.
“We are scouting for space in this region”, says Siddharth Indrakanti, Store Manager, Marks and Spencer. “There are many nice malls coming up here and this area has potential of high spending customers. Good connectivity, number of households and infrastructure make this area upcoming,” he adds.
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