Jigani land rates

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Property Appreciation of Jigani in Last 5 Years

A quick look at the South of Bangalore, Jigani is sure to catch your eye. With IIM-Bangalore already setting up its second campus in a total of 110 acres here, Jigani still has quite a bit of land left in its well established industrial acreage to invest in. This is particularly the case considering Jigani land rates are expected to skyrocket in the next 3 to 5 years.

Karnataka Housing Board itself chose Jigani’s neighboring town of Chandapura to put up its Suryanagar Phase 2; gorgeous apartments within an 800-acre layout designed for lots of space to bring up public parks and commercial joints. A future Koramangala or Basweshwaranagara in the making. The government has allocated wide roads, underground sewage, and electric lines. The locality has become a handpicked choice for investment owing to its rapid urbanization. This is primarily due to the development of the Electronic city and several government initiatives that led to population growth here since 2004. These factors have very well influenced the land prices in Jigani, Bangalore for the better.

Being located beyond Electronic City, property prices in Jigani along with Attibele, Anekal and other localities towards the south of NICE Road are now gaining traction due to the relative affordability and perennial demand rising from the Jigani Industrial belt and Bommasandra Industrial Area. Companies like HCL, OTIS, and APC continue to aid the influx of more populace into this locality. This adds further to the property appreciation in Bangalore.

About 28 km from Bangalore City railway station (SBC), though the area has a few granite factories in the mix, Jigani continues to prop up a happy place for anyone who wishes to have the best of both worlds in the city of Bangalore. Nestled away from the bustle of mainstream Bangalore traffic. Great neighborhoods, relatively cleaner air and greenery make this area quite attractive and promises of growth potential.

Even as sales acceleration for mid-income and luxury housing in Bangalore fluctuates with macro-economic variations, the city’s affordable housing segment has been witnessing steady demand, particularly for flats in Jigani, Bangalore. Availability of large land parcels at lower price points and the rapid expansion of the city in all directions have encouraged real estate developments for properties in Jigani Bangalore. Infrastructure developments such as the planned Metro Rail and Peripheral Ring Road have also played a part in making these affordable emerging areas attractive and viable in the past 5 years.

Two significant market dynamics were observed in Bangalore’s real estate market, during the first half of 2016 – an increase in new commercial launches, and a rise in the net absorption of commercial spaces. While the absorption levels are currently somewhat sluggish in the residential sector, we find that commercial real estate is witnessing increased momentum with developers completing some of their projects ahead of the original timelines. This puts Jigani on the map as one of the most prospective localities to invest in for maximum returns in the near future. The average price range per square feet for the locality is ₹ 3,176 - 5,991 / sqft while the price rise expected is upwards from 133.2%.

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