Marathahalli Emerges as a the Top Choice for Residential Real Estate in South East Bangalore

Marathahalli situated in south eastern Bangalore is one of the fastest developing suburbs in Bangalore city largely driven by the IT Sector. Surrounded by the Outer Ring Road this locality has been strategically located close to the top IT corridors of Bangalore City. It is located next to the top developing localities in the city namely Whitefield and Electronic City. The development in these localities have propelled the growth in Marathahalli as well. Apart from the ORR (Outer Ring Road) the locality is served by Old Airport Road, National Highway 7, Sarjapur Road and the ITPL Road. 

According to a report Solid Grounds Report by IndiaProperty.com, “Over the course of the last one year the residential property prices in Marathahalli has appreciated by over 20%. Buyers are shifting their attention from Whitefield to Marathahalli as this area is well connected to Whitefield and the going rate for properties here is 10% lesser than those in Whitefield. Ground water level here has dropped due to the influx of population into this area. Many residents here depend on tankers for water supply. This micro market possesses sound social infrastructure in terms of educational institutions, hospitals and malls. With improved infrastructure, Marathahalli will be well on its way to becoming one of Bangalore’s prominent real estate hub.”

The locality has excellent connectivity, but the growth in the IT sector has created a commercial/ retail real estate space in the locality like no other. The locality banks on the fact that it is a well-balanced residential and office space market which has resulted in a sudden surge in retail activity in the region. Properties in Marathahalli there are suitable both for investment and living purpose as the locality is a well-rounded locality. Price of apartments for sale in Marathahalli is anywhere between INR 3500 to 5000 per sq. ft.

Marathahalli has seen a lot of development in the past 5 years. This is one of the older localities or suburbs in the city and has been on the sidelines because of all the development in localities like Whitefield and Electronic City. However today older properties and construction in the area has given way for newer buildings and residential and commercial spaces in the city. As of today around 75% of projects in Marathahalli are apartments and the rest are independent homes or villas in the region. Mid segment housing in most in demand and buyers seem to eyeing properties in the price range of INR 35 to 50 lakhs. 2BHK properties of average unit size of 1200 sq. ft. has been the most popular form of investment.

This shows that the locality heavily relies on mid segment housing when it comes to the real estate sector. IT sector is what the real estate market as well as the rental market here. If you are looking to rent out a 2BHK apartment in the area, you must be prepared to shell out INR 15,000 to 20,000 per month.

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