JP Nagar - a Popular Destination for Property Buyers

Posted by TRIFECTA projects on December 27th, 2017

One of the most popular residential areas in Bangalore is JP Nagar. Commutation and aspects for Bangalore residents and popularity of a locality depend largely on these factors.

JP Nagar is a preferred residential area due to the fact that the Outer Ring Road runs through this area. This road acts as the main connector to all the important parts of the city. The other important roads like the Bannerghatta Main Road, Kanakapura Main Road pass through the location and the NH 7, NICE Ring Road are easily accessible from JP Nagar. Hence this is very lucrative location if you are looking for a Property for Sale in Bangalore.

JP Nagar is a well planned residential area which spreads over 2500 acre and has 9 phases in all. The area is a convenient locality from residents’ perspective as their facilities like market and shops are available and also commuting to the workplaces is very easily accessible from this area.

The place is located at a distance of 47 kms from the Kempegowda International Airport. There are also future plans for a Metro Railway Station in Kanakapura which will make it immensely popular destination among the real estate customers who are investing in Properties in Bangalore.

The people looking for Properties in Bangalore are often attracted by the price range of properties here. Here the average price range for an apartment hovers around Rs. 4200/- per square feet. A few years ago the price range was much lower but due to the hike in property prices and high demand of the locality the price range has gone up. This price rate of an apartment fluctuates through the years depending on several factors like market conditions and area developments.

Among Property for Sale in Bangalore, in JP Nagar, the 2 BHK apartments are very much in demand. The cost of a 2 BHK in JP Nagar is on an average 40 lakhs. The buyers’ price range limit is from 30 - 50 lakhs l. The 3 BHK or higher level of apartments is preferred by mostly the NRIs.

The apartments are in general spacious and the area has a lot of open space to offer. The proximity of JP Nagar from the IT Hub and several other offices and industries is the strongest point of the locality. This is one of the areas of Bangalore which still offers some of the old spirits of the city.