Real Estate Trends in Magadi Road
Magadi Road is one of Bangalore, India's most important and oldest roads. It connects the city center with the western suburbs of Bangalore. The road runs parallel to the Bangalore-Mysore state highway and is a busy arterial road in the city. It is named after the town of Magadi, located at the road's western end. Magadi Road stretches for around 16 kilometers, starting from the city center and ending at the Tumkur Road junction. The road passes through several important localities of Bangalore, including Rajajinagar, Vijayanagar, Nagarbhavi, and Ullal. It also connects to other important roads in the city, such as Mysore Road, Outer Ring Road, and Tumkur Road. The road is a vital lifeline for the people living in the western suburbs of Bangalore. It provides easy access to important institutions like hospitals, schools, colleges, and government offices. The road is also home to several industries and commercial establishments, which provide employment opportunities to the people in the area.
One of the main attractions of Magadi Road is the Mantri Mall, located at Malleshwaram. The mall is one of the largest in Bangalore, offering a wide range of shopping, dining, and entertainment options. Another popular destination on the road is the Orion Mall, located near the Sandal Soap Factory. Magadi Road is also home to several educational institutions, such as the National Law School of India University, Bangalore University, and the Indian Institute of Plantation Management. These institutions have contributed to the area's development and made it a hub for education. The road has undergone several developmental changes over the years. The Bangalore Metro Rail project has recently brought significant changes to the area. The Purple Line of the Metro Rail project passes through Magadi Road, providing easy connectivity to the city center. This has also led to several commercial and residential projects along the road. Magadi Road is an important arterial road in Bangalore, connecting the city center with the western suburbs. It has played a vital role in the area's development, providing easy access to important institutions and employment opportunities. The road has undergone significant changes recently, with the Bangalore Metro Rail project bringing in new developments.
Real Estate Trends in Magadi Road 2023
Magadi Road is a major arterial road in Bangalore, India, connecting the city's central business district with the western parts of the city. Several residential areas surround the road, and it has become a famous destination for real estate developers in recent years. One of the core reasons for the growth of real estate activity on Magadi Road is its proximity to the city center. The road is just a few kilometers away from major commercial areas like Majestic and Chickpet. This has made it an attractive location for people who work in these areas but prefer to live in the suburbs. As a result, several residential projects have come up along the road, catering to this demand. Here, we will explore the real estate trends in Magadi Road and understand why it has become a hotbed for real estate activity.
Another factor that has contributed to the expansion of real estate activity on Magadi Road is the development of the Bangalore-Mysore Infrastructure Corridor (BMIC) project. This project involves the construction of a six-lane expressway connecting Bangalore with Mysore. Magadi Road is a part of this expressway and is expected to benefit greatly. The project will not only improve connectivity to other parts of the city but will also lead to the development of several new commercial and residential projects along the road. The availability of land at relatively lower prices compared to other parts of the city has also contributed to the growth of real estate activity on Magadi Road. Several villages and small towns surround the road, and the land here is still predominantly agricultural. This has made it an attractive location for real estate developers who can acquire land at relatively lower prices and develop it into residential or commercial projects.
Residential real estate has seen significant growth along Magadi Road in recent years. Several developers have launched projects offering apartments, villas, and plots. The apartments here are predominantly two and 3-BHK units, catering to the needs of the middle-income group. The average price for an apartment in the area is around INR 4,500-5,500 per square foot. Some popular residential projects along Magadi Road include Prestige Jindal City, Shriram Earth, Provident Park Square, and Provident Sunworth. Commercial real estate has also seen significant growth along Magadi Road. The road is home to several industrial areas, and many companies have set up their offices and factories here. The BMIC project is expected to boost commercial activity along the road further, and several new projects are expected to come up short. Some popular commercial projects along Magadi Road include Aditya Industrial Estate, Unity Estate, and SNS Enclave.
The demand for real estate along Magadi Road will increase in the coming years. The BMIC project, in particular, is expected to be a game-changer for the area. The project will not only improve connectivity but will also lead to the development of several new commercial and residential projects along the road. The growth of real estate activity along Magadi Road is a clear indicator of the city's expanding boundaries and its potential for growth in the coming years. Magadi Road has become a popular destination for real estate developers in recent years thanks to its closeness to the city center, availability of land at relatively lower prices, and the development of the BMIC project. Residential and commercial real estate has seen significant growth along the road, and several new projects are expected to come up short. With its potential for growth and development, Magadi Road is a prime location for real estate investment in Bangalore.
Purva Blubelle
One of the best properties to invest in on Magadi road is Purva Blubelle. Purva BlueBelle is a luxurious project located in the suburbs of the fast-growing city of Bangalore, India. Developed by the Puravankara Group, one of the leading real estate developers in the country, this project offers its residents world-class amenities and luxurious living spaces. Spread across a land area of 3.85 acres, Purva BlueBelle consists of 13 residential towers with 378 units. The project offers 3 BHK apartments with a size range of 1423 sq. ft. to 1628 sq. ft. Each apartment is designed to provide maximum space utilization and is equipped with high-quality fittings and fixtures. The towers are designed to give each unit ample natural light and ventilation.
