Also known as the city of dreams Bangalore city has always been the prime terminal for young professionals. Not just the job availability but the land has so much starting from good weather to the ideal lifestyle of the millennial and this is why it is in high demand. Start-ups are intertwined with the ambiance and the city's trends and academic institutions are some of the exquisite essences of the place. This means only one thing: a huge surge in the accommodation facilities for such a population bringing in the enhancement of the real estate market in Bangalore. Even though the country suffered three different magnitudes of Pandemic and even with the complete lockdown the market never dipped. As reports emphasize Bangalore in 2020 experienced a 33% increase and the total unit of houses doubled in 2021. All the zones of Bangalore have equally benefited from the rapid development of the city. However, the side of East Bangalore is an emerging model market for rampant development.
The main criteria for the sudden rise of East Bangalore are the accumulation of large IT hubs, huge land areas, well-organized residential spaces, and more significant social infrastructure. The biggest game changer for the high-demand East Bangalore region is the presence of IT zones around the outer ring road, Balladur, Mahadevapura, Koramangala, and Electronic City. The expanding IT/ITeS district is bringing in the required social infrastructure development and making sure the population is given the benefits of affordable housing with top-class amenities.
The suburbs of Bangalore city are the most preferred area by builders and corporations and this is where budget-friendly homes are highly concentrated. Some of the biggest perks of the location of East Bangalore are the IT/ITes centre in the vicinity, in close proximity to White Field, Electronic City, Koramangala, and others in Outer Ring Road. This has ornamented the Sarjapur area in the East belt with unlimited employment opportunities and a better standard of living. The significance of the IT cluster of Electronic City, Marthahalli, and White Field is pooling in and attracting investors to pour into the East Belt.
Apart from the best weather conditions, the Silicon Valley of India is known for its start-up-friendly environment. The ecosystem and nexus of start-ups are all based in Bangalore and perfectly intertwined with the city's growth and more than 65% of the ventures are surviving in the city. As recorded 26% of India’s start-ups are nested in Bangalore and this is made possible by the nexus of White Field, Electronic City, and Koramangala. More to this there is no doubt the place offers the most premium civil infrastructure of schools, colleges, hospitals, purchasing points, and other urban lifestyles. The transformation of the social infrastructure is not lagging behind and going parallel with the city growth projection. Some of the game-changing renewals in infrastructure are the six-lane Chennai to Bangalore expressway, Phase 2 of Namma Metro, and Peripheral Ring Road aim to seamlessly connect Sarjapur to various parts of the city and surrounding. Also, the Chennai- Bangalore Industrial hall is laid out to pass through Hoskote in the North-East, estimated to bring back the panoramic view of east Bangalore.
Strategically positioned in Sarjapur, Bengaluru by the Prestige City it is close to all quality schools & colleges, commercial points, workplaces, etc. The Prestige Meridien Park Bangalore project is well accessible using the Outer Ring Road and the proposed Peripheral Ring Road. Spread over a large parcel of 18.2 Acres of land, it is one of the most anticipated residential properties in Sarjapur and East Bangalore.
