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Purva Highlands Reviews
- 1. LOCATION ANALYSIS –PURVA HIGHLANDS March 2013
- 2. Contents 1 2 3 4 5 6 1Bangalore City Overview 2Micro-marketOverview 3Key Residential & Commercial Development & Social Infra Infrastructure Initiatives 4 Location Transition 5 Key Drivers 6
- 3. Bangalore is amongstthe top 10 preferred entrepreneurial locations in the world Bangalore is also emerging as the top destination for startups in India Purva Highlands Hosur Road NICE Interchange Purva Skywood Mysore Road NICE Interchange Silk Board Junction Sarjapur Rd. Junction MysoreRoad Junction Marathalli Junction Major Statistics • Population – 8.9 million (2011) • Population Density – 11,371 per sq. km. • Literacy Rate – 80% (2011) • Investment approved in 2010-11 – INR 27,195 million KR Puram Junction Outer Ring RoadYeshwanthpurJunction HebbalJunction Tumkur Road NICE Interchange City Overview • From being a pensioner’s paradise, the city has transformed into an established IT/ITeS destination, In addition the city is well known for its pleasant climate and being the most cosmopolitan city in the country • The city witnessed a significant surge in population since 2001. From about 5.7 million in 2001, the population of the city grew to about 8.9 million people in 2011 • Over the past decade Bangalore has witnessed exponential growth in the influx of IT/ITeS and BPO firms, this is also complimented by availability of large talent pool in the city City Map In the last decade, the city has witnessed a remarkable transition as a major IT/ITeS & Biotech destination in India Bangalore City Overview 1
- 4. Purva Highlands isone among the landmark developments near Kanakapura Road – metro developments when operational is anticipated to propel capital values and development activities in the micro-market Impact of Development • Going forward, the development is expected to command a premium – under construction Phase-I metro is nearing completion and is expected to be operational by end of 2014 will augment significant real estate demand Micro-market brief – Kanakapura Road • Kanakapura Road is an emerging residential corridor – location is characterized by presence of independent dwelling units and mid-large scale layout developments & mid-large scale apartment developments • Demand for housing in the micro-market is fueled by limited housing supply in the neighboring micro-market such as Bannerghatta Road, Banashankari and JP Nagar • NICE road has significantly enhanced connectivity to IT hubs located in Electronic city, Bannerghatta road and Mysore road. • Further the under construction metro connectivity is expected to catalyze significant real estate demand along the corridor Kanakapura Road - Map Purva Highlands Micro-market Overview 2
- 5. & 3Social Infrastructure development areaLocation 300,000 Kanakapura Rd. Mall Syllabus LocationLakeview development Garden DPS CBSE Institute of Engineering Kanakapura Rd. Schools & Colleges Kumaran Pu ICSE Mallasandra School Engineering Kanakapura Rd. College Mantri RoyaleExaltus Institute of Technology Prominent Residential Projects Name of the development No. of Units Location Sobha Forest View 492 Off. Kanakapura Rd. Brigade Omega 520 Off. Kanakapura Rd. The Magic Faraway Tree 144 Kanakapura Rd Mantri Royale 203 Off. Kanakapura Rd. Nitesh Caesar’s Palace 514 Kanakapura Rd. Mantri Serenity 350 Off. Kanakapura Rd. Prominent Retail Projects Name of the Total Built-up (sq. ft.) Metro Cash & Carry 25,000 Kanakapura Rd. Gardens Galleria Prominent Educational Institution Name of the KSIT College Engineering Kanakapura Rd. Off Kanakapura Rd. Yellama Dasappa Technology Kuaran Public KSIT Engineering Map capturing residential, commercial & social infrastructure in the micro-market Gardens Galleria Mall Under Construction Hotel Vaishnavi Metro Cash & Carry Brigade Omega DPS School Iskon Temple Khoday Breweri es Mantri Serenity Mantri Mall - Planned 340 acre Turhalli Forest Area Yellama Dasappa Sobha Forest View Nitesh Caesar’s Palace KSIT Engineering College Mallsandra Paramount Gardens Judicial Layout Mantri Hoilday Resort Shriram Symphone Skyline Vakil The Magic City KS Grp. of Institutions Shriram Residential Farway Tree Mahaveer Carnation Shriram Surabhi Completed Residential Project Under Construction Residential Project Planned Residential Projects Capital Resort Purva Highlands Educational institutes Pu blic School Hospitals & Medical centers Retail Hubs Commercial Development Hospitality Development Mapping of Key Residential & Commercial Development
- 6. E junction Purva Highlands Anjanapura/NIC Talaghatapura Vajarahalli Krishna LeelaPark Anjanapura Cross Puttenhalli Station Proposed Kanakapura Road Widening • In order to ease traffic along the stretch, NHAI has proposed to widen the 60ft wide Kanakapura road to a 150ft wide four lane road • NHAI has issued preliminary notification for land acquisition for the road widening activity in April 2012. Road widening will begin from the NICE road interchange and will end at Kanakapura. • Road widening will substantially ease traffic – positively impact the image of the location NICE Road • NICE Road was built with the objective of developing a high- speed express corridor between Bangalore and Mysore. • NICE Road interchange on Kanakapura Road provides connectivity to major hubs including Electronic city & Bannerghatta Road in the South and Tumkur Road & Kengeri in the West Metro Phase –I & II • Metro Phase – I will be operational by end of 2014 and is expected to connect up to Puttenhalli on Kanakapura Road and the extension up to NICE road interchange expected to be completed by end of 2017 Kanakapura Road Widening – 150 wide Metro Track alignment Metro Stations NICE Road Infrastructure Initiatives 4
- 7. E Kanakapura Road Widening- Metro Track alignment Metro Stations NICE Road Kanakapura Road 5 years from now is expected to emerge as the Queens Town of Singapore. This is subject to timely completion of all the proposed and planned infrastructure developments along the corridor Purva Highlands Anjanapura/NIC junction Purva Highlands Talaghatapura Vajarahalli Krishna Leela Park Anjanapura Cross Puttenhalli Station Location Transition – 5 Years from now 5
- 8. Economic Drivers • KanakapuraRoad is an emerging residential market located towards South of Bangalore. Development activities witnessed along the corridor are primarily residential – location catering to the demand of IT/ITeS populace working in Electronic city, Bannerghatta Road and Banshankari – connectivity to the location is complimented by the NICE road • As per BBMP population data, Anjanapura (Kanakapura Road being a part of Anjanpura) micro-market has an estimated population of 45,407 people and we anticipate it to rapidly increase in the next 5 years. • Although the micro-market has limited IT/ITeS development along this corridor – demand is fueled by infrastructure developments such as Metro & NICE Road • In addition the location is emerging as a preferred residential destination as it is located away from the main activity zone – thereby well suited for residential developments Growth Drivers • Developments such as Metro Phase – I and extension in Phase – II further towards the NICE junction and the established NICE road are the major infrastructure activities driving the micro-market. In addition the further extension of NICE Road to Mysore will play crucial role in fueling real estate demand • Limited residential activity and spill over of demand in the neighboring micro-markets such as Bannerghatta road, Banashankari and JP Nagar are expected to drive the next level of growth for residential demand in the location. • 5 years from now, Kanakapura Road is anticipated to emerge as the sought after residential micro-market in the south Key Drivers 6