Owning one’s own luxurious 2BHK- 3BHK home has become the number one fantasy, chased by the working individuals of this era.
Especially, in the well renowned IT capital of India. We are all aware of the ever increasing technological boom in this Silicon Valley. Bangalore has emerged as the heart of Tech in India. Hosting the finest entrepreneurial and business environment, Bangalore is the leading contributor to boost the economy of India. IT firms in Bangalore employ almost 35% of India’s aspiring population.
Behind this electronic hub, are the intellectual mindsets of the working professionals, whose lives revolve around the dynamic market of Real Estate. The market that is mastered every morning, day, and night to fulfill their dream of just one apartment, that they can call home in one of the most developed metropolitan cities of India.
Manyata Tech Park, Source: Embassy Office Parks
Manyata Tech Park is one such amazingly advanced project located in the northern region of the city. Spreading across 424 acres, Manyata Tech Park is one of the leading software parks in the Bangalore. An area previously known for its immaculate Hebbal Lake, this small marketplace has remarkably transformed itself into a commercial, investment-attractive Real Estate Hub. Enveloped by extensive and continuous air, rail and road connectivity, this region has laid its foundation for the smooth network of large corporate offices. The establishment of technology in this region has captivated the attention of Bangalore’s working population, which has led to an enormous rise in the demand for buying apartments near Manyata Tech Park.
Truth be told, Real Estate is a game of numbers. The early bird is privileged to great offers, deals, discounts, and added benefits. But the ones with their strong right foot in investment industry are always aware of the correct time and market to buy themselves an apartment, that they can not only call home but also rely on it to be their utmost worthy asset.
What is a good investment?
The simplest explanation of a beneficial investment is a good percentage of profit you acquire on any commodity you purchase. In terms of residential spaces, property price is measured in per square foot basis. If 5 years down the line, a piece of block becomes triple the value, then it is said to be an excellent investment. It is the basic calculation of your Return On Investment (ROI).
With new construction projects coming up everyday, the task of deciding and finalizing a suitable, modern, and a lavish home can be mentally and physically exhausting. But a developed city like Bangalore always designs and architects the finest residential and commercial community platforms.
Here are a few reasons why you should be buying an apartment near Manyata Tech Park:
1. Industrial Growth
One of the largest tech park in Asia, Manyata Tech Park homes numerous prime companies like Microsoft, TCS, IBM, Nokia Networks, Intel Tech, Mcafee Software, Samsung, KPMG, Larsen & Toubro Technology Services, Rolls-Royce, Philips, Hitachi, Cisco, Voonik Technologies Private Limited and many more. Amongst others, it has also received the Best IT Park Award by the NDTV Property Awards 2013. With over 95,000 employees living their dream job everyday, more and more multinationals and IT giants are setting up their base here. This versatility to choose between top firms has given rise to increasing employment opportunities in leading companies which has increased the demand for investing near Manyata Tech Park.
Amentities near Manyata Tech Park, Source: Apranje Estates
2. Large-scale Facilities
The importance of social and civic infrastructure in any project is of umpteen importance. The area is surrounded by innumerable amenities to assist your daily activities. From impressive social infrastructure to green, grassy spaces, the apartments near Manyata Tech Park homes it all.
- Major Private and Public Banks, ATMs, and other Financial services are just a door away.
- Quick and On Time Ambulance Services are available round the clock.
- Well equipped Fire Stations are available at your beck and call to ensure safety measures.
- Various recreational facilities like amphitheaters, outdoor sports zones give this hi-tech location an entertaining vibe.
- Educational Institutions, Day Care Centers, and profound schools like Kingston High School and Dhee Global School are situated in the vicinity.
- Embassy Manyata Hospital, Sri Sai Hospital, and MS Ramaiah Memorial Hospital are few of the well-known hospitals built in close proximity.
- Shopping malls like Regalia Elements Mall are built around the neighbourhood for you to experience an enjoyable and relaxing shopping spree.
3. Peaceful Living
Living in a clogged, congested city, it can be tough to find a space with some calm. The hypnotizing balcony view of every residential property near Manyata Tech Park is worth every dime. The place is clean, well-kept and engulfed with natural beauty. With incredible amenities around you, and surrounded with natural ventilation, this northern residential area becomes the apt place for a peaceful living. You can expect a tranquil, serene and life that’s harmonious with nature.
4. Extensive Network of Transportation
Convenience to travel from one destination to another is considered to be the foremost factor of consideration, when choosing an apartment. Hebbal has a comprehensive arrangement of transport which makes it extremely accessible. Situated in Nagavara, the park is easily commutable from Kempegowda International Airport Bengaluru at a distance of about 25 km. A railway station is also close to Outer Ring Road. It is well-connected with the various city centres via sprawling flyovers and highly functional six-lane roads. Along with that, it has a tremendously strong public transport system backed by Bengaluru Metropolitan Transport Corporation connecting Hebbal to BMTC to the other important parts of Bengaluru. Whitefield and Electronic City are also accessed with ease via NH-44. The Hebbal main road is well connected to Hebbal, Cox town, Frazer town and MG road.
5. Upcoming projects
There are a number of infrastructural projects coming up to help the locality improve its accessibility. The extension of the Namma Metro will boost connectivity to a great extent.
The region will also undergo the 8-lane Peripheral Ring Road project to aide commuting. Overall, this zone which was claimed to be called quiet and outskirts of the city has in fact, transformed into the most attractive and appealing urban environment to explore a modest lifestyle.
6. Prices expected to rise in future
The Manyata Tech Park homes multinational companies which are surrounded by exquisite residential properties that have seen a sudden boom in its property price. Over the span of 3 years, residential projects in Hebbal have witnessed a 25 percent hike in prices.
An estimate of approximately 10-12 percent yearly increment on your investment is forecasted due to the development of its larger than life projects and recreational facilities.
Following this advancement of projects, price rates in Thanisandra, Hennur and neighbouring areas have witnessed a massive growth. For instance, residential property prices in Hebbal, stood between Rs 4000-4200/sqft in 2016. Within a few months, it increased to Rs 4,400/sqft. This steadily elevating real estate market near Manyata Tech Park has restored confidence and faith in investors as it promises a high and positive long-term return on their current investment. Going by the prevailing scenario, residential projects near Manyata Tech Park are proving to be a reliable and trustworthy investment opportunity for investors with its incredible upcoming infrastructure and fine quality apartments.
Although advanced, this locality is still considered to be in its progressing phase. Thus, apartments here are currently available at extremely economical rates. However, these rates are estimated to strikingly hike in the coming years.
The Downside of Investing Near Manyata Tech Park
Living in a vicinity near Manyata Tech Park like Hebbal, Thanisandra or Hennur come with their own set of drawbacks too.
- The Nagavara region is a great distant away from the upper class areas of the cosmopolitan city of Bangalore like Jayanagar, JP Nagar, Indira Nagar, BTM, Koramangala, and Marathahalli.
- Although these localities are well connected with numerous railways lines, roadways, taxi and bus services, they still encounter deadly traffic jams and signals. Lakhs of individuals commuting to and fro from work are the major cause of traffic congestion on the Hebbal flyover and Nagavara flyover. Which in turn, leads to air and noise pollution.
- You would expect plenty multiplexes in this almost developed zone enveloping Manyata Tech Park. But sadly, very few entertainment options are available.
- As this region is continuously advancing, the areas surrounding Manyata Tech Park are always under construction. This has led to a plethora of dust particles in adjacent areas.
With a huge variety of projects to choose from, finding the right place can be a daunting task. In spite of a few drawbacks, the northern area of Bangalore promises great returns and remains to be a hot option for investment. Buyers can rest assured of accountability and transparency in their investment in apartments near Manyata Tech Park, as enforced by Real Estate Regulation and Development Act (RERA). Based on the current increasing growth trends purchasing a 1 BHK flat near Manyata Tech Park would cost you around 18L and onwards. Similarly, investing in a 2 BHK, or a 3 BHK near Manyata Tech Park would start from approximately 30L.
To add more emphasis and credibility to our claim on residential properties near Manyata Tech Park being a good investment option, here’s a testimonial from two immensely happy and satisfied home buyers who also happen to be a couple.
The Get Me Roof team interviewed Mr. Ganesh Shastry and Ms. Soumi Chattopadhyay, who recently invested in MIMS Residency, Off Thanisandra Main Road, near Manyata Tech Park.
They quoted, “We would recommend MIMS Residency and MIMS Builders and obviously any flats to stay at MIMS Residency to anyone in Bengaluru. They never fail to surprise us.”
The interview with the two residential property buyers, the Get Me Roof team found out important information as to what made them choose MIMS Residency and MIMS Builders and about the different amenities, interiors, and fittings available to them.
So, if you are thinking to invest in a home in North Bangalore, then this is the right time to purchase an apartment that has the perfect ambience and countless facilities. This purchase near Manyata Tech Park will also reap you massive returns in the coming future.
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