KR Puram, short for Krishnarajapura is located on NH4, in the north east part of Bangalore next to Mahadevpura. The recent announcement of extending the metro’s Purple Line to Baiyappanahalli is likely to raise property rates by 20-30% in RK Puram and surrounding areas of Mahadevpura
Given the fact that KR Puram has more IT and ITES employees from Marathahalli and Whitefield, it is only natural that the development happening in this area will target the IT sector. Let us look at the connectivity that KR Puram offers.
KR Puram is cut by 3 arterial roads, namely,NH4, Outer Ring Road and Highway 35. RK Puram has its own railway station which is about 15 kilometers from the Bangalore Railway Station. And the International Airport is 37 kilometers away via the Outer Ring Road.
However, KR Puram is also faced with civic issues like traffic snarls on the junctions, no sustainable garbage disposal and irregular water supply. But as in the case of any suburb, when real estate picks, the population in the said area increases leading to improvement in civic amenities. So these issues are likely to get sorted once the IT population comes flooding in.
According to statistics, KR Puram and Mahadevpura have 46% of residential projects under construction. 36% are independent bungalows or villas and the rest of 18% is plots. The prices of apartments in KR Puram has gone up by 3% and 15% in Mahadevpura. Clearly Mahadevpura is preferred over KR Puram.
Going forward, we can expect the demand in Mahadevpura and KR Puram to climb steadily. Majority of the demand originating from the IT crowd. Mahadevpura remains a slightly more upscale susburb compared to KR Puram. Investors should look at investing in these areas to gain from the metro line extention before property prices reach their zenith.
