Chandapura – Anekal Road, A Real Estate Survey
Prop Headlines frequently conducts surveys of Various Localities, Important Roads, Prime and Non-Prime Residential areas to Understand the Sentiments of Real Estate buyers, Developers, Agents, Investors to understand their opinions and help end users to make the decisions in the Particular Micro Markets
This survey has reinforced the significance of real estate as a tool for prudent and risk-averse investment. as many of of our Readers and subscribers have chosen real estate as a mode of investment in the future. In a time when the fragility and fatigue in the financial markets will persist, tangible assets like real estate will be a go-to option for investors
Brief of the Locality: Chandapura, the name literally means a beautiful town in Kannada. Chandapura is a Town Municipality Council (TMC) in the Bengaluru urban district of Karnataka state in India. Chandapura is 6 km from Electronics City on NH 44 (widely known as Hosur Road). It has a Saturday market for fresh fruits and vegetables, Chandapura to get Namma Metro services by 2024 Extending from Bommasandra
Karnataka Housing Board (Surya Nagar Phase 1) is just 200 meters from Chandapura and also Phase 2 & 3 are close by to Chandapura. It is one of the industrial areas in Anekal taluk, with others being Attibele, Bommasandra, Electronic City, Jigani and Sarjapura.
Heelalige (2 km from Chandapura Circle) is a nearby railway station which connects to Bangalore City and Tamil Nadu. Phase II of Bangalore City Metro to be done from 2017 to 2022 has already got the Bommasandra neighborhood of Chandapura circle included in the rail network.
Chandapura – Anekal Road has many Real Estate projects, Prop Headlines decided to conduct a survey on this locality and spoke to the Veterans of the Real Estate Industry and the Primary question was How will a Budgeted villa in a Price Range of 60 – 85 Lakhs if Launched will Perform in this Micro Market, here are their Reviews
According to Mr Debki Nandan Pani, Assistant Vice president Anarock, Chandapura is a Locality a Micro Market full of plotted developments being sold by various builders and developers has no Managed gated community villa projects in this Stretch, if any developer comes up with a Conceptualized villa project, then this will be a Game changer and creates a Win-win situation for both the Buyer and developer, he holds a highly positive reviews of this location and in a strong belief that the budgeted villa project will be sold out with a shorth span of time
Mr Karan Bindal, Former Partner Saritha Developers to hold a Positive Review on this Locality and said that their are lot of Premium Villa projects in the Sarjapur Road, Electronic city and clients dropping out of this project due to budget issues will be a fodder to the Managed Gated community villa project in this location
Mr Shashidhar K, President Alt Real Tech too holds a Positive View on this stretch, He is on the view that not only Budgeted but even the premium villa project will fare well in this locality as the Social Infrastructure, Road, Important International schools, Colleges, and even a University (Alliance) has become a Favorite Educational spot to the young aspiring students and an urge of the parents to stay close by to these educational institutions will keep the demand for both budget and premium segments always high priority in this locality
Mr Shekhar Raghuvanshi, Associate Director at CBRE Asia Pacific, The Highly appreciated prices on the Electronic city Phase 1 and Phase 2 has made the Real Estate unaffordable to the First home Buyers, The Cost of a 2 bhk apartment in these locations is costing between 65 – 80 Lakhs and these buyers don’t mind travelling for another 6 more kms to Chandapura where they can settle for a Decent Villa in a Gated community at the same cost
According to Mr Salman Ahmed, Channel Sales Strategist Concorde Group, The Lack of Availability of Residential Units surrounding the Prime IT Investment region of Electronics city phase 1 and 2 will enforce Migration of buyers to this next real estate destination of Chandapur – Anekal Region and moreover the first-time home buyers who are dependent on their parents with the Traditional Mindset that a Villa / Independent house is always better will drive sales in this Investment Region
Mr. Mohammed Sufiyan Director Rexa Global and managing Partner A2Z Real Estate holds a Mandate of the Largest Residential Layout developed by Sri Sri Amruthavarshini believes the Recent Development of the I-Phone Manufacturing coming up near Hosur which directly employs close to 60000 people workforce will fuel the demand for Residential units in this area, Apple has outsourced the manufacturing of iPhone enclosures to Tata Electronics, which has a plant at Hosur making it the most favorable Investment destinations and end users to stay in and commute to their workplaces
Mr Augustine Joseph, Managing Partner Network Ventures Real Estate said the Worsening water issues in Electronics city, The small and narrow roads inside the IT Hub and again the lack of New launches as well as the Pricing part will force the Prospective buyers to look at the alternative Real Estate destinations of chandapur – Anekal Pocket and the Low budget compared to the nearby localities will fuel the Investment from the Regional and overseas Real Estate Investors
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Survey of Chandapura – Anekal Road Conducted by Prop headlines Sovereign Real Estate Investors Funds – Bangalore
