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Business Standard
3 days ago
- Business
- Business Standard
Bengaluru's Sarjapur, Thanisandra see 80% rise in housing prices: Report
Thanisandra Main Road, located in the north Bengaluru, saw an 81 per increase in prices to Rs 9,700 per sq ft from Rs 5,345 per sq ft Bengaluru's Sarjapur Road and Thanisandra Main Road have witnessed around 80 per cent growth in average housing prices in the past three and a half years, according to Anarock. Real estate consultant Anarock data showed that the average housing prices at Sarjapur Road appreciated by 79 per cent to Rs 10,800 per sq ft in April-June this year from Rs 6,050 per sq ft at 2021-end. Thanisandra Main Road, located in the north Bengaluru, saw an 81 per increase in prices to Rs 9,700 per sq ft from Rs 5,345 per sq ft. "Sarjapur Road has long been part of Bengaluru's eastern IT corridor, but the promise of the Red Line Namma Metro connecting Hebbal to Sarjapur has fuelled a fresh wave of interest," the consultant said. Thanisandra Main Road's proximity to Manyata Tech Park and improving road connectivity have made it a magnet for mid-to-upper-income IT professionals, it added. Rental values too have increased sharply at Sarjapur Road and Thanisandra Main Road by 81 per cent. Across 14 key micro markets in seven major cities, Anarock said that capital values rose 24-139 per cent and rentals climbed 3281 per cent between 2021-end and Q2 2025. These seven cities are Bengaluru, Hyderabad, Pune, NCR, Mumbai Metropolitan Region (MMR), Kolkata, and Chennai. Commenting on the Bengaluru's housing prices trend, Karishmah Siingh, President (Sales, CRM and Marketing) at Sattva Group, said Sarjapur Road and Thanisandra Main Road corridors have matured into premium destinations. "The ORR-Airport metro connectivity, the upcoming Sarjapur-Hebbal corridor, and strategic proximity to the Outer Ring Road IT belt have created a compelling value proposition," she said. The limited supply in these prime regions has only reinforced their investment appeal, Siingh said. Anjana Sastri, Director-Marketing of Sterling Developers, said, "Connectivity has played a crucial role in the rapid growth of North Bengaluru's real estate sector with areas such as Hebbal and Thanisandra witnessing rapid demand." Angad Bedi, CMD of BCD Group, said Sarjapura and Thanisandra are witnessing the development of Grade A office spaces along with rapid development of enabling ecosystems such as residential and retail spaces. "A judicious combination of these is resulting in accelerated growth in capital as well as rental values and is poised for sustained growth in the short-term," he added. Bhavesh Kothari, Founder & CEO of Property First Realty, said, "While Sarjapur is a prime destination for startups and unicorns, Thanisandra is an established destination for established enterprises and MNCs, making these locations ideal for investment from a retail investors' perspective. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
3 days ago
- Business
- Time of India
Bengaluru's Sarjapur Road, Thanisandra Main Road see 80 pc rise in housing prices in 3.5 yrs
Bengaluru's Sarjapur Road and Thanisandra Main Road have witnessed around 80 per cent growth in average housing prices in the past three and a half years, according to Anarock. Real estate consultant Anarock data showed that the average housing prices at Sarjapur Road appreciated by 79 per cent to Rs 10,800 per sq ft in April-June this year from Rs 6,050 per sq ft at 2021-end. Thanisandra Main Road, located in the north Bengaluru, saw an 81 per increase in prices to Rs 9,700 per sq ft from Rs 5,345 per sq ft. "Sarjapur Road has long been part of Bengaluru's eastern IT corridor, but the promise of the Red Line Namma Metro - connecting Hebbal to Sarjapur - has fuelled a fresh wave of interest," the consultant said. Thanisandra Main Road's proximity to Manyata Tech Park and improving road connectivity have made it a magnet for mid-to-upper-income IT professionals, it added. Live Events Rental values too have increased sharply at Sarjapur Road and Thanisandra Main Road by 81 per cent. Across 14 key micro markets in seven major cities, Anarock said that capital values rose 24-139 per cent and rentals climbed 32-81 per cent between 2021-end and Q2 2025. These seven cities are Bengaluru, Hyderabad, Pune, NCR, Mumbai Metropolitan Region (MMR), Kolkata, and Chennai. Commenting on the Bengaluru's housing prices trend, Karishmah Siingh, President (Sales, CRM and Marketing) at Sattva Group, said Sarjapur Road and Thanisandra Main Road corridors have matured into premium destinations. "The ORR-Airport metro connectivity, the upcoming Sarjapur-Hebbal corridor, and strategic proximity to the Outer Ring Road IT belt have created a compelling value proposition," she said. The limited supply in these prime regions has only reinforced their investment appeal, Siingh said. Anjana Sastri, Director-Marketing of Sterling Developers, said, "Connectivity has played a crucial role in the rapid growth of North Bengaluru's real estate sector with areas such as Hebbal and Thanisandra witnessing rapid demand." Angad Bedi, CMD of BCD Group, said Sarjapura and Thanisandra are witnessing the development of Grade A office spaces along with rapid development of enabling ecosystems such as residential and retail spaces. "A judicious combination of these is resulting in accelerated growth in capital as well as rental values and is poised for sustained growth in the short-term," he added. Bhavesh Kothari, Founder & CEO of Property First Realty, said, "While Sarjapur is a prime destination for startups and unicorns, Thanisandra is an established destination for established enterprises and MNCs, making these locations ideal for investment from a retail investors' perspective."
Hans India
06-06-2025
- Business
- Hans India
RBI Rate Cut: A Timely Boost for Real Estate Market Sentiment and Growth
The Reserve Bank of India's decision to reduce the repo rate by 50 basis points has been welcomed across the real estate industry, as it is expected to give a significant boost to market sentiment, demand, and liquidity. Ramani Sastri, Chairman & MD of Sterling Developers, emphasized that affordable financing remains a critical driver of demand in real estate. 'We welcome the RBI's move to cut the repo rate, which will encourage end-users to move forward with home-buying decisions. It is crucial, however, that these benefits are passed on to borrowers immediately through lower home loan rates,' he said. He further noted that developers would also gain from reduced borrowing costs, easing financing pressures and enhancing liquidity. According to Sastri, the rate cut sends a strong signal of policy support, which will help strengthen confidence, attract investments, and accelerate growth in the sector—positioning real estate as a key engine of the nation's economic development. Lincoln Bennet Rodrigues, Founder and MD of Bennet & Bernard, echoed similar sentiments, calling the rate cut a "welcome move" that will positively impact affordability, especially in the budget and mid-income housing segments. While the luxury housing market is less influenced by interest rates, Rodrigues pointed out that a softer monetary stance enhances overall economic confidence—a critical factor for high-value real estate purchases in lifestyle-driven markets like Goa. 'This shift is expected to revive interest from NRIs, domestic HNIs, and long-term investors seeking inflation-hedged, tangible assets,' he added. Overall, industry leaders agree that the repo rate cut is a much-needed step toward boosting buyer sentiment and sustaining the real estate sector's growth momentum, especially if supported by prompt transmission of the policy change through lower lending rates.
