Hosur Road in Bangalore is a stretch of land that has come under the development spotlight from the real estate perspective, in recent times. While Hosur Road has become a niche for low-cost housing, the multifaceted area has equally good reasons for luxury housing. Read on to know why.
Hosur Road is a typical example of Bangalore, expanding to accommodate the growing populace and techno-industrial zones in the city. Apart from being part of National Highway 7, the renowned IT industrial park Electronic City is also situated along the Hosur Road. The most crowded area of the road is the region between Madiwala and Electronic City. The presence of a 10 km elevated highway reduces the clogging, but it is still one of the busiest roads in the city.
Hosur Road - A Neighbourhood For All Types Of Homeseekers
Over the past decade, Hosur Road has been steadily developing into an important fringe extension of the main Bangalore city. No doubt, the presence of various small scale industries and IT companies have played a major role. But of late, the real estate market has been digging for results on Hosur Road itself. Surrounding areas like Koramangala, Dollar Scheme Colony, Silk Board, Kuvempunagar, and KAS Officers Layout had witnessed housing development during the early 2000s, when Hosur Road transformed into an IT industrial corridor.
As of now, Hosur Road has all types of properties listed in the realty sector with 62 percent apartments/flats, 11 percent independent houses, 19 percent residential plots, and 5 percent office spaces. It has to be noted that the average selling price in Hosur Road has been flailing for the past 2 to 3 years. But luxury apartments and row houses can no more find a place in the attractive neighborhood of the likes of Koramangala. This is where Hosur Road is set to become the next target for luxury builders.
Luxury Builders Are Eyeing Hosur Road
Some of the top premium luxury housing builders include HM constructions, Brigade Group, Embassy Group, Total Group, Sattva Group, Sterling Developers, and Adarsh Developers. While these giants have already built beautiful homes in premium locations like MG Road, Vittal Mallya Road, Whitefield, and Rajaji Nagar, they all notice the luxury housing potential that Hosur Road presents. The connectivity and growing number of malls, supermarkets, hospitals, and schools in Hosur Road is only indicative of an upward slope for realty progress.
So if you are looking for a sweet little luxury home, Hosur Road will be a smart choice, given the recent developer market interests.
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