Varthur Among Top Five Localities In Bengaluru
As per the PropTiger DataLabs report, Bengaluru witnessed a decline of 16 per cent in residential launches during September 2016 over the previous month. However, sales largely remained stable during the month with maximum units sold in mid-segment. In the past 12 months, prices in localities such as HSR Layout, Richmond Town, JP Nagar Phase 5 and Ulsoor increased in the range of 15 percent to 20 percent. Under this positive market scenario, opportunities in different micro-markets of Bengaluru are coming up. Varthur is one of the top localities in the city.
PropGuide highlights the factors that makes Varthur, a promising real estate hub:
Smooth connectivity
Strong connectivity of Varthur with Whitefield and Marathalli is the main reason that the companies are looking up to this area. The accessibility to railway stations and presence of Bengaluru International Airport at Devanahalli is a plus. Along with this, the upcoming Peripheral Ring Road Project will be a 220 feet long road connecting the Old Madras Road and Kanakapura Road. This attracts companies such as Aricent Group, Cisco Systems and Wipro Technologies to create their set up in Varthur. This creates demand for plots in Varthur.
Excellent Liveability Score
Varthur's liveability score is 7.5 on the scale of 10. The locality has good roads, reputed educational institutions and healthcare facilities that will ensure a great life for the residents. Demand for affordable apartments in Varthur is increasing. As per PropTiger DataLabs report, Varthur is one of the top five localities in Bengaluru based on the percentage contribution to total sales.
Favourite Destination Among Home Buyers
Varthur's proximity to Whitefield, Sarjapur, and KR Puram makes it an investment hotspot among investors and homebuyers. As a result, developers are creating more apartments in Varthur. Some of the developers in the area are Hilife Developers, Adithi Builders Group and Ecolife Group. At present, there are around 150 projects in Varthur.
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