Kanakapura Road: A Thriving Real Estate Hub in Bangalore
Kanakapura Road in Bangalore is experiencing a significant real estate boom due to improved infrastructure, green surroundings, and affordable property prices. Prominent developer Shrinivas Rao highlights the area's transformation and growing appeal to ho
Kanakapura RoadReal Estate BoomBangaloreProperty InvestmentInfrastructureReal EstateOct 19, 2024
Shrinivas Rao, a well-known real estate developer, shares, “Kanakapura Road has seen massive changes in recent years. The demand for housing is high because people now realize they can live in a quieter, greener environment without sacrificing accessibility.” The region’s natural beauty, including its greenery and water bodies, coupled with its proximity to popular tourist destinations such as the Art of Living Ashram and Thottikallu Falls, makes it an attractive choice for those seeking a higher quality of life.
Sunil Kumar, a resident who recently moved to the area, remarks, “I’ve lived in the city center for years, but I wanted to move to a quieter place. Kanakapura Road offered exactly what I was looking for—a peaceful environment with good connectivity to my workplace.”
Affordability is another key factor driving the real estate boom. Property prices in Kanakapura Road are still relatively lower compared to other established areas in Bangalore, making it an attractive option for first-time homebuyers and investors. Ashok Verma, a seasoned investor, emphasizes the area’s potential “Kanakapura Road offers excellent investment potential because of its growing demand and the number of infrastructure projects in the pipeline.”
The area has also seen the development of essential amenities such as schools, hospitals, shopping centers, and entertainment options, making Kanakapura Road a self-sustaining locality. Praveen Reddy, a real estate consultant, notes, “Kanakapura Road has grown beyond just being a residential area. It has become a mini-city in itself, providing everything one might need.”
As the area continues to develop, Kanakapura Road is set to become one of the most sought-after residential and commercial hubs in Bangalore, offering a blend of tranquility and convenience.
Frequently Asked Questions
What factors are driving the real estate boom on Kanakapura Road?
The real estate boom on Kanakapura Road is driven by improved infrastructure, easy connectivity through the Namma Metro’s Green Line, availability of vast tracts of land, and the area’s natural beauty and green surroundings.
How does Kanakapura Road compare in terms of property prices to other areas in Bangalore?
Property prices in Kanakapura Road are still relatively lower compared to other established areas in Bangalore, making it an attractive option for first-time homebuyers and investors.
What amenities are available on Kanakapura Road?
Kanakapura Road now has reputed schools, hospitals, shopping centers, and entertainment options, making it a self-sustaining locality.
Who are some of the key figures mentioned in the article and what do they say about Kanakapura Road?
Shrinivas Rao, a prominent developer, highlights the area’s transformation and high demand for housing. Ashok Verma, an investor, emphasizes the area’s investment potential. Praveen Reddy, a consultant, notes that the area has become a mini-city with all essential amenities.
What makes Kanakapura Road an attractive place to live?
Kanakapura Road offers a peaceful and green environment with good connectivity to the city center, making it an ideal place for those seeking tranquility and a high quality of life.
Related News Articles
India's Fractional Ownership Market Set to Boom: Top 3 Hotspots to Watch
The JLL – Property Share report highlights the immense growth potential of India's real estate fractional ownership market
Prestige Estates Faces 23% Slump in Q1 Sale Bookings due to Delayed New Launches
Bengaluru-based real estate major Prestige Estates witnessed a 23% decline in sales during the first quarter of FY24-25 due to delayed new project launches.
Savitribai Phule Pune University Invites Applications for 133 Assistant Professor Positions
SPPU invites applications for 133 assistant professor positions across various departments. Apply online from August 27 to September 5.
Luxury Housing Boom: What's Driving the Upper Class to Splurge on High-End Properties?
The real estate sector is witnessing a significant resurgence, particularly among ultra-high-net-worth individuals (UHNWIs). This trend has sparked renewed interest in luxury properties, driving up demand and prices in the high-end market.
Mumbai Experiences 12% Increase in Property Registrations in January
According to real estate consultant Knight Frank India, Mumbai has seen a significant rise in property registrations, with 12,249 units registered in January. This marks a 12% increase from the previous year.
Budget 2025: Capital Gains Tax Rules for ULIPs, FIIs, and AIFs
The Budget 2025 introduced significant changes to the capital gains tax system, particularly affecting Unit Linked Insurance Plans (ULIPs), Foreign Institutional Investors (FIIs), and Alternative Investment Funds (AIFs). These changes aim to bring clarity