The Real Estate Landscape in Panathur Road: Trends and Investment Opportunities
October 21st, 2023
Panathur Road is a high-on-demand real estate destination in Bangalore. There are multiple reasons for the popularity of the region, which include connectivity, its closeness to ORR – the tech corridor of Bangalore, and the conveniences around.
Adjacent to the Outer Ring Road between Marathahalli & Bellandur, Panathur Road is a thriving real estate destination. For a homebuyer or a real estate investor, this area is a must-have in their investment portfolio. Considering the trend over the years, the rate of appreciation for real estate properties in the locale has been phenomenal. This blog focuses on Panathur Road, its investment prospects, various opportunities, and emerging trends.
Table of Contents
The Growing Appeal of Panathur Road
What makes Panathur Road one of the most popular real estate destinations in Bangalore – a city that is growing at an exponential rate? It is important for homebuyers or real estate investors to understand the transformation of Panathur Road from a small suburb to a real estate hotspot.
The IT boom earned Bangalore a place in the information technology landscape of the world. When multinational IT companies started their operations in Bangalore, there was a demand for huge office spaces, as infrastructure development is critical for business. The 60 km Outer Ring Road (ORR) was developed to increase connectivity of these office spaces with different parts of Bangalore. Today, ORR is the lifeline for lakhs of employees who work in large tech parks and from K R Puram to Silk Board.
With increased connectivity, areas that flank the ORR started gaining popularity as employees started preferring to stay in vicinity of their offices. Bellandur was one such destination. Today, it is home to some of the most prominent tech parks in Bangalore. Naturally, Panathur Road, which is easily accessible from the Outer Ring Road became a favourite destination for real estate developers, homebuyers, and investors.
In addition to its seamless connectivity, Panathur Road has a well-developed social infrastructure. With reputed schools, educational institutions, shopping centres, recreational facilities and more in the vicinity, the locale is ideal for those who prefer ease of living.
Current Real Estate Trends on Panathur Road
With demand for housing on Panathur Road steadily on the rise, major real estate players in Bangalore, including SOBHA Limited, are developing multiple projects in the locality. After the incredible success of SOBHA Dream Acres and SOBHA Sentosa, the much-awaited SOBHA Neopolis witnessed an unprecedented response during the pre-launch. In just two days, hundreds of Greek-themed luxury apartments were sold. This reiterated the ever-increasing demand for housing on Panathur Road.
A. Residential Property Trends on Panathur Road
In accordance with the current trend in real estate, apartments constitute the maximum number of houses on Panathur Road. Though villas and plotted developments are also available, they form a small segment.
91% of total residential units in the locality are apartments. Among them, the most popular configuration is 3BHK, which accounts for 43% of the overall sales that take place on Panathur Road. The average price per square foot is ₹9,906. The most common price range for properties in the area is ₹60 lakh – ₹1.2 crore.
B. Commercial Property Trends on Panathur Road
Just like it is a favourite destination for residential properties, Panathur Road also has a wide range of commercial properties – from retail establishments to corporate spaces. The growing demand for commercial properties in the locality is resulting in an increasing rental yield potential for the region. From an investment point of view, considering commercial properties on Panathur Road will be a wise decision as it holds the prospect for immense growth and appreciation.
C. Infrastructure and Connectivity
One of the most important factors that make Panathur Road a favourite destination for homebuyers and developers is its enhanced connectivity. Once the under-construction CDP (Comprehensive Development Plan) Road network and Metro Phase 2 are completed, Panathur Road will witness unparalleled connectivity. In turn, property prices in the area will further increase, owing to tremendous appreciation.
Investment Opportunities on Panathur Road
A. Residential Investments
Panathur Road is a high-on-demand residential location. It offers apartments, villas, and plotted developments. The newly launched SOBHA Neopolis offers 3 and 4 BHK apartments. If you are an investor keen on making it big on the residential real estate portfolio, you should consider investing on Panathur Road.
As an area that is poised to grow exponentially in the coming years, especially with the burgeoning infrastructural growth contributing to increased connectivity, prospects of property appreciation are quite high on Panathur Road.
Between the quarter ended July 23 and October 23, there has been an increase of 9.34% in residential property prices on Panathur Road. Going by the trend, it is expected that the locality will witness excellent appreciation in the long run.
B. Commercial Investments
As an area that is rapidly turning into one of Bangalore’s most favourite residential locations, it is quite natural that commercial enterprises such as retail spaces and office complexes are flourishing on Panathur Road. Investing in commercial properties will be lucrative as the growth prospects are very high.
C. Rental Market
Bangalore often finds itself in the news for increased housing demand and skyrocketing rent. If you are looking for a steady income that will increase year-on-year, investing in a residential property such as SOBHA Neopolis on Panathur Road is an excellent way to attain your financial goals.
A 1BHK on Panathur Road commands rent starting from ₹9,000 which goes up to a whopping ₹37,000. For 2BHK, it is between ₹22,000 and ₹58,000. The rent for 3BHK homes goes up to ₹90,000, whereas a 4BHK easily fetches ₹1.5 lakh to ₹2 lakh.
Key Development Projects and Builders on Panathur Road
As a promising real estate destination, Panathur Road has an array of residential projects – ongoing and upcoming. Major real estate companies, including SOBHA Limited, offer luxury residences on Panathur Road. Besides SOBHA Dream Acres, which is a completed project, SOBHA has two ongoing projects in the area – SOBHA Sentosa, which is almost sold out, and SOBHA Neopolis, which is newly launched. Offering a Greek holiday in Bangalore, SOBHA Neopolis comes with over 65 curated amenities including three sprawling clubhouses.
Offering 3 and 4 BHK residences, SOBHA Neopolis is an ideal real estate investment. Considering the reputation SOBHA holds for quality and on-time delivery, as well as the exponential growth prospects of Panathur Road, choosing a home in SOBHA Neopolis will yield great returns for the times to come.
Factors to Consider Before Investing on Panathur Road
Budget and Financial Planning:
Before you zero in on a project, be sure about your budget. If the project you have your eyes on comes within your budget, go ahead. This way, you can ensure that you don’t find yourself in a financial quagmire later.
Due Diligence and Property Inspection:
Due diligence is of utmost importance when buying a property. If the property you are planning to buy is just launched and the work hasn’t commenced yet, make sure that you pay a site visit and see the mock-up apartment. If it is a ready-to-move in residence, visit the property and do a thorough check.
Legal Considerations & Documentation:
Valid legal documents are crucial and without them, a property has no legal standing. Make sure that you check all the documents such as title deeds carefully with the help of a legal expert.
Risk Assessment and Exit Strategies:
Consider all the liabilities and any unforeseen incidents in the future, before finalising your home. Assess your ability for long-term financing and work out a detailed plan to lessen your financial risks, in case a situation pops up wherein you will have to relinquish the property.
Future Growth Prospects of Panathur Road
Panathur Road has excellent connectivity to other parts of Bangalore including the IT hubs of Whitefield and Electronic City, besides its close proximity to the Outer Ring Road (ORR). In addition to road connectivity, it also has railway stations in the vicinity – Bellandur Road, Carmelaram, and K R Puram railway stations are close by.
Panathur Road’s connectivity will dramatically improve with the under-construction CDP Road Network, as well as the upcoming metro network. Considering all these, it is beyond doubt that properties on Panathur Road will see excellent appreciation in the future.
Invest on Panathur Road
As we have seen, Panathur Road holds immense potential as a real estate investment destination. Various properties in multiple price ranges and configurations are available on Panathur Road for investment. SOBHA Neopolis, which has been creating a buzz in the market ever since its pre-launch that broke all sales records, is a perfect option to consider for its location, luxury, amenities, quality, trust, and the impeccable track record – all of which are the hallmark of SOBHA homes across the country.
Contact and Enquiry Information
At SOBHA, quality is a way of life. It is not just restricted to the homes we design & build, but the personalised experience a customer gets. From the initial enquiry to final handover, we go the extra mile to ensure that the entire journey of a SOBHA customer is transparent and hassle-free.
If you have zeroed in on SOBHA Neopolis, you can rest assured that your home-buying journey will be smooth, safe, and rewarding. You can get to know more about the project by clicking this link: SOBHA Neopolis – Apartments in Panathur – SOBHA Ltd. If you have any queries, feel free to call 080 4646 4500 or click Contact Us – SOBHA Limited
1. Is Panathur urban or rural?
Panathur is an urban area in East Bangalore, and it is located near Marathahalli, Kadubeesanahalli, Bellandur, HSR Layout, Whitefield, and ITPL. Panathur is within commuting distance of major tech parks on Outer Ring Road.
2. Is Panathur a good place to live?
Panathur has it all. Yes, Panathur is a good place to live, with close proximity to Outer Ring Road and presence of all necessary conveniences in the vicinity. Panathur has seamless connectivity, good social infrastructure, and safety.
3. What are rural areas and urban areas?
Rural areas comprise of villages and small towns, while urban areas are metros and large cities. In the context of Bangalore city, the former fall under Bangalore rural district, and the latter are a part of Bangalore urban district.
4. What is Panathur famous for?
Panathur is famous for being an excellent residential area near large tech parks on ORR. Panathur is a favourite real estate destination in East Bangalore.
5. Which metro station is closest to Panathur, Bangalore?
Currently, Kundalahalli metro station is closest to Panathur, Bangalore. Once the Phase 2 Metro, which is under construction, gets completed, Kadubeesanahalli metro station will be closest to Panathur.
6. Is Panathur Bangalore north or south?
Panathur is in Bangalore East. It is a popular residential area adjacent to the Outer Ring Road. The locality is also close to Bellandur and Sarjapur Road.