Overview of Panathur Road, Bangalore

Location and Connectivity

Panathur Road, situated in East Bangalore, holds a well-known spot for its strategic location and excellent connectivity. Being close to important business centers like Varthur, Sarjapur Road, and the Outer Ring Road (ORR) makes it a popular choice for people and investors alike.

Real Estate Demand and Trends

• Real estate interest on Panathur Road keeps rising, boosted by good connections and new infrastructure. Large developers like SOBHA Limited are constructing new projects here.
• We've witnessed a significant jump in home prices, a 9.34% hike from July 2023 to October 2023. This boost shows strong potential for long-term profit.

Property Prices

• Starting property costs on Panathur Main Road begin at Rs. 5,681 per square foot, with an average of Rs. 11,709 per square foot.
• Though some sources mention a cheaper starting price at Rs. 4,500 per square foot, the average is Rs. 14,504 per square foot, providing many choice options.

Types of Properties Available

Residential Properties

• Most of the homes on Panathur Road are apartments, but you can also find villas and plot developments.
• SOBHA Dream Acres, SOBHA Sentosa, and the new SOBHA Neopolis deliver luxurious living with many great features.

Commercial Properties

• There's also growth in business areas, like shops and office buildings, which make it a good investment spot.

Rental Market

• Rental costs on Panathur Road are quite fair:
  • 1 BHK flats: ₹16,000 - ₹36,000 per month
  • 2 BHK flats: ₹35,000 - ₹53,900 per month
  • 3 BHK flats: ₹44,850 - ₹75,000 per month
  • 4 BHK flats can reach ₹1.5 lakh to ₹2 lakh per month.

Infrastructure and Amenities

• Panathur Road features nice gated communities and a lively property scene.
• It has great road and train links.
• Its closeness to schools, supermarkets, and big tech companies like Cessna, Flipkart, JP Morgan, and Cisco makes it extra appealing.

Key Development Projects and Builders

• Noteworthy projects include SOBHA Dream Acres, SOBHA Sentosa, and SOBHA Neopolis, featuring upscale homes with more than 65 special amenities.

PropertyWala's Conclusion

When it comes to real estate, Panathur Road in Bangalore stands out. Its strategic location, strong infrastructure, and varied housing choices make it highly attractive. With steady property price increase, great connections, and lots of amenities, it's perfect for both home ownership and property investment. Whether you plan to buy or rent, Panathur Road offers both affordability and luxury, ensuring long-term gain and steady income from rentals.