Sahakar Nagar, a locality in North Bangalore is an upcoming residential layout. The drivers for growth are factors like proximity to Hebbal, City Centre, International Airport Road and connectivity to NH-7 through Bellary Road and Outer Ring Road.
The capital value of multi-storey apartments range from Rs 3,300 to 3,700 per sq ft depending on the area, location, age of the property, developer, typology and other attributes of the property. The locality has seen an increase of about 4% in capital values and 8% in rental values in the July to September period compared to the April to June quarter this year.
Saqib Ilyas of Trends Shelters said that owing to increased demand, Sahakar Nagar residential market has witnessed a rise of 5 to 10% in the premium property segment. Majority of residential demand is coming from the salaried class and youth IT professionals in this locality. He stated that 2BHK apartment is seeing maximumd demand here.
Ilyas added that there is a scope of commercial development in this locality in the near future. In rental market, 2BHK is commanding Rs 14,000 to 16,000 per month while a 3BHK is commanding Rs 20,000 to 22,000 per month.
Hoysala Projects Pvt Ltd, Arya Krishna Builders, Fortuna Builders and Developers are some of the prominent builders in the area. The locality is surrounded by good number of IT Parks including Manyata Tech Park, schools and colleges, and Esteem Mall, which is further attracting buyers to this locality
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