Banashankari is basically a superb located near south Bangalore and is the largest locality around. The name is derived from one of the oldest temples of Bangalore, Banashankari Amma Temple on Kanakapura Road. This is by far the largest locality in Bangalore, extending all the way from Mysore road to Kanakapura Road. It is bound by Basavangudi in the north, Girinagar and Rajarajeshwari Nagar in the west, Padmanabhanagar, Kumaraswamy Layout, ISRO Layout, Vasanthapura and Uttarahalli in the south and Jayanagar and J.P. Nagar in the east. This is the only locality which has all the classifications like stage, blocks and phases. It has got 6 phases, which is by far the largest.
South Bangalore, consists of innumerable recreational centres and shopping malls, which makes it a commercial hubs and Banashankari being the closest hot spot. It is a clean real estate hot spot with a sustainable outlook. Within a short span of time, the area has caught up with the Bangalore cosmopolitan culture. If you come here, then private roads and enclosed communities with green zones will be a common site. For people migrating to Bangalore for better professional opportunities, look no further. There are flats for sale in Banashankari, which is in the close proximity of reputable organisations like Asian paints, BPL, Hindustan Lever and Bangalore Grape Winery. These are manufacturing concerns which boasts of providing thousands of job opportunities for the deserving. If you are a tech savvy person, then companies like Accenture and Capgemini are there, to boost your career.
Presence of these commercial and business infrastructure have made Banashankari the destination of choice of flat buyers. The average sq feet for flats is Rs 6000/-, which can go up to Rs 8500 in the premium segment. However, if you are thinking to buy a flat for investment purpose and have a long time horizon to back up your investment plan, then it ought to be the choice of your destination. It has been seen that the capital returns from real estate investments here is a good enough one, compared to other localities. The growth potential is tremendous, with new project developers demarcating land every day. Since the zone has built a taste for commercial complexes, many new ones are started, which is fuelling the development in the area further.
When it comes to transportation, then surely a commuter can find multimodal transportation system here. It is well connected by good roads, with Volvo bus facilities for office goers. In many areas metro lines are coming up, which will cut short the travel time even more. With new road built every day, newer area is coming under the radar of real estate growth story. It is like a chain reaction, which is triggered with the growing civic infrastructure, leading to the development of business infrastructure. Some of the reputable education institutes close by are Indian Institute of Management, Buddha education society Alliance Business School and many more. Apart from these there are many schools for all age groups, which pretty much solve the concern of your child’s education.
However, many buyers are skeptical of buying a flat in a new area because of the unavailability of hospitals. This is not the case with Banashankari, which is well connected to some of the best hospitals in the city, like Jayadeva Institute of Cardiology, Sparsh Hospital, Sagar Apollo Hospital, Gangothri Hospital and Reddy Orthopedic & General Nursing Home. The availability of international quality medical facility is nicely backed up by roads and other transportation infrastructure. This gives an assurance of medical safety for the home buyers, in case of an emergency. One gets to choose from an array of real estate projects, as per their budget, in Banashankari. There are many projects which are under construction and promise to be delivered by 2019 or 2020. These projects can be booked with lesser amount than what you would have paid for a completed, ready to move in flat. So, if you have the cushion of time, then it is advisable to choose from an ongoing project to get that extra price benefit. These projects offer host of benefits which are not limited to free parking, and pay after possession facility. In totality, the affordable segment of less than 45 lakhs prevails here, all the modern amenities one can imagine.