What Does North Bengaluru's Malleswaram Offer Homebuyers?
Malleswaram is one of the oldest and plushest localities of Bengaluru. Located in the northwest neighbourhood of the city, the locality has many advantages that make the residential properties more in demand. There are many new constructions in the locality, including many upcoming residential and integrated projects in the market launched by prominent real estate developers. This has brought back the interest of many homebuyers.
PropGuide gives you a glimpse of this micro-market of Bengaluru:
Key factors that make Malleswaram hit among homebuyers
*Luxury housing options
*Proximity to business hubs
*Easy access from the international airport
*Improved physical infrastructure
*Ample social amenities
*Upcoming Metro station
*Ideal for long-term investment
The residential market
A part of Bruhat Bengaluru Mahanagara Palike (BBMP) , Malleswaram is home to a majority of the rich and upper-middle-class population of the city.
New infrastructure projects and connectivity to the Kempegowda International Airport has enhanced the real estate demand in this locality. Besides, development of special economic zones (SEZs) and growth of corporate offices in the vicinity is expected to sustain the residential demand here.
The property prices
Apartments in Malleswaram have an average price of Rs 12,000 per sqft. Spacious 2BHK apartments of average size 1,000 sqft are priced between Rs 80 lakh to Rs 1.1 crore. Luxury 3BHK homes of average size 1,800 sqft are priced between Rs 1.5 crore to Rs 2 crore.
The business hubs
The business hubs of Koramangala and Electronic City, the International Tech Park (ITPB) via NH-75, the Bagmane Tech Park via Sankey Road and the Embassy Manyata Business Park via Bellary Road can be reached conveniently from Malleswaram. The KIADB Industrial Area via Hare Krishna Road is less than four kilometres away and the World Trade Center (WTC) , situated 2.6 kilometres away, is also an important landmark in the region which is accessible via the 8th Main Road.
The liveability
The area houses many prestigious academic institutes such as the Indian Institute of Science and about 155 government and private schools including Kendriya Vidyalaya. Presence of 109 reputed hospitals, around 100 restaurants, local markets, eateries, retail shops, urban shopping centres, and numerous bank branches offer residents a metropolitan lifestyle.
The connectivity
Malleswaram is well-connected to the National Highway-4 or the Tumkur Road. It is close to the Kempegowda Bus Station, Hebbal, Yashwantpur, Rajajinagar, Sadashivnagar, Sheshadripuram and high-end localities such as Armane Nagar and Benson Town. The Margosa Road and the Sampige Road are arterial links that connect Malleswaram to the rest of Bengaluru. A railway station on the Bengaluru and the Yeshwantpur line and public transportation provided by the Metropolitan Transportation Corporation buses (BMTC) , rickshaws and taxis, ensure hassle-free connectivity for the residents. A proposed Metro station under the Namma Metro's Green Line will further ease commuting from Malleswaram.