Realty Hotspot: Is Sarjapur in Bangalore becoming the New Mumbai?

financialexpress.com:

The real estate market in Bangalore has witnessed a significant boom in recent times. Among the several pockets of development, certain areas have outperformed over others, in terms of development and ensuing price increase. Among all the outliers, Sarjapur, nestled in the eastern part of the city, is emerging as a focal point of exponential growth over the past five years.

Sarjapur, once a quiet neighbourhood, has now evolved into a realty hotspot, with numerous companies establishing their offices here. Major companies like Wipro, Meesho, Navi, amongst others, have attracted influx of people from other cities. This surge in population has created a heightened demand for homes in the proximity of these thriving workplaces, turning Sarjapur into a sought-after residential destination.

Typically, buyers consider various aspects when purchasing a property, such as its proximity to workplace locations, accessibility to schools and colleges, proximity to medical facilities, and convenient access to shopping and entertainment options. This is a fast-developing part of Bangalore with good connectivity to the major IT areas such as Whitefield, Koramangala, HSR Layout, Marathahalli, Electronic City and the Outer Ring Road (ORR).

Also Read: PPF, NSC, SCSS Rates Remain Unchanged: Where to invest now for higher returns?

A huge number of offices, IT parks and brand showrooms have recently sprung up in the area, signalling a dynamic shift in Sarjapur’s landscape. Just as Mumbai is characterized by extremely high property prices due to inventory constraints, Sarjapur is experiencing a similar evolution in real estate prices, i.e. inventory crunch and high demand.

The high demand for RTMI properties has outpaced the limited supply. In