BANGALORE: Doddaballapur Road, tucked in the northern corridor, has benefited from the recent infrastructure facelift given to the roads leading to Bengaluru International Airport (BIA).
The planned peripheral ring road (PRR), the proposed Information Technology Investment Region (ITIR) and the Aerospace Park coming up near Devanahalli are also expected to work in favour of residential areas in Yelahanka, Jalahalli and Doddaballapur Road.
Unlike the Outer Ring Road (ORR) that’s choc-a-bloc with residential development, Doddaballapur Road still has a good amount of breathing space, large open land parcels. So many realtors are coming up with villas on the stretch. Prestige Estates, Century Real Estate and Legacy Group are among them.
P Ravindra Pai, MD of Century Real Estate, says the potential for capital appreciation for villas in Doddaballapur Road is higher than on Sarjapur Road as prices in the latter area have already appreciated on account of the development there. “People are exploring the option of a second home and Doddaballapur Road fits the bill considering the affordability factor. Besides, villas are preferred because people don’t want to travel 30 kms away from the city to stay in an apartment,” he says.
Century Wintersun offers customized villas and row houses at Rs 1.8 crore to Rs 3.5 crore. Prestige Oasis’ villa project starts with a price tag of Rs 2 crore. Equivalent villas on Sarjapur Road are said to be priced higher.
Notwithstanding what Pai says, the locality is beginning to house many apartment complexes. Prestige Monte Carlo and Unitech Heritage were among early ones in the area; more recently there have been developments like Purva Venezia and the low cost Provident WelWorth City.
“You can even get a flat at sub-Rs 3,000 per sft in the area. So you get a bigger flat for the same price that you pay for one that’s closer to the city,” says Karun Varma, MD-Bangalore of real estate consultancy Jones Lang LaSalle India.
Naresh Dandapat, regional director-south of property consultancy Knight Frank India, believes Doddaballapur Road is a good bet if investors are considering a 3-5 years’ horizon.
Considering that you can’t get anything for less that Rs 3,500-4,000 per sft on Bellary Road, Doddaballapur Road is a good option. While upper end properties on the road like Sobha Althea, Unitech Heritage and Prestige Monte Carlo are today in the Rs 3,500-4,000 range, there are others available for less. Monte Carlo, incidentally, was launched seven years ago at Rs 1,075 per sft.
Swaroop Anish, senior VP (business development) at Prestige Estates, says social infrastructure in the area has developed in the last ten years. “There are good educational institutions like Delhi Public School, Vidyashilp Academy and BMS College,” he points out. There are several small hospitals in Yelahanka, but the closest well-known hospital would be Columbia Asia in Hebbal.
Currently Bellary Road sees a much higher offtake than Doddaballapur Road. Pai thinks it will take at least 3-4 years for the road to develop as a strong residential catchment area
Doddaballapur Road is a good bet.
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