Why Horamavu In Bengaluru Is An Upcoming Real Estate Hub

Horamavu is an upcoming real estate hub in Bengaluru. Banaswadi, Ramamurthy Nagar, KR Puram, Hebbal and Kalyan Nagar surround it. Its strategic location makes it very popular amongst the investors. Transportation networks are also good, and this leads to great demand for apartments in Horamavu. Construction of the much-delayed railway underpass will raise the demand even further. In the past 41 months, property prices in Horamavu have risen by 18.3 per cent.

PropGuide lists factors that make Horamavu an upcoming real estate hub:

Strategic location

Horamavu is strategically located along the ring road. The three major stations of Banaswadi, K.R Puram and Bengaluru East are close to Horamavu. The Hindustan Airport (HAL) is also close to it. Horamavu has many planned layouts like the Sai Sankalpa Layout, Brindavan Layout, P&T Layout, Ashirwad Colony, Nandanam Colony, Bank Avenue Colony, Banjara layout, Coconut Grove Layout, Kenchappa garden, Papaiya Layout and Brundavan Layout.  This has led to greater demand for apartments in Horamavu.

Real estate in Horamavu

Horamavu is an emerging real estate hotspot in Bengaluru.  It is close to business areas, and this is a major driving factor behind the rising demand for apartments in Horamavu. There are total 135 projects in Horamavu. Of these, 119 are ready for possession, 14 are under-construction, and two will be launched soon. Some of the key developers in Horamavu are DS Max Solitaire, Sovereign Developers, SLV Structures Platina and Samhita Sarovar.

Price trends in Horamavu

Rising property prices in Horamavu makes it a real estate hotspot. From January 2016 to August 2016, apartment prices in Horamavu rose from Rs 3,949 per square foot to Rs 3,992 per square foot. In the past 41 months, property prices in Horamavu rose by 18.3 per cent. This rise in property prices is one of the factors that lead to the construction of more apartments in Horamavu.