Most welcoming and ultimate prices

Posted by Prestige Project
5
Sep 7, 2015
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One of the early residential areas, the west of Bangalore, is expected to soon become a bustling commercial junction. Credit goes to the massive infrastructure facilitating the easy flow of traffic all along the corridor- the improved Mysore Road, Magadi Road and the connectivity with the Outer Ring Road. The metro rail junction that is shortly coming up here is supposed to give a latest high to the commercialization. Localities in Bangalore west are located at a close distance of 8-10 km of CBD. Prestige royale gardens places are Basaveshwaranagar/ Malleswaram/Rajajinagar/Chandra Layout/Mahalaxmi Layout/Mathikere/Yaswantpur and Nandini Layout. Though the commercial growth is now on its nascent stage, however it is expected to change after the installation of Metro. Rajajinagar, Jallahalli, Magadi Road and Mysore Road have already emerged as the commercial hotbeds. The residential catchments built in vicinity to these regions have fuelled the growth of the walk to work' trend thus encouraging businesses to set up by this region. However a total makeover over this region can give a boost to its commercial growth which is only possible if the businesses invest capital in this corridor. Retail business has however taken a leap of overwhelming success due to the plush residential catchments dueling in this region. Several Malls, including the Mantri Mall in Malleswaram have become the common visiting sites for all the IT workforce of this region who doesn’t mind on spending some extra for a lavish living.

Commercial office spaces in West Bangalore basically belong to the Grade C category which is mainly characterized by stand alone buildings with an average area of 10,000 sq ft. The west of Bangalore has a large availability of empty land which requirements to be exploited. Apart from large land parcels, the steady industrial growth along this belt and the improved Prestige royale gardens Bangalore NICE Road. According to Cushman and Wakefield, Grade an office spaces in Bangalore West comprise of SEZ and Non SEZ commercial spaces. Grade A operational office spaces here accounts for a total area of 3.3 million sq ft. where 48% of it belong to SEZ. Other office space buildings along this belt belong to Grade C category.


As per the current scenario, the businesses from the micro market residing in the West of Bangalore are gradually shifting towards the ORR considering the facilities accessible in this region. However, the scenario is supposed to take a change after the metro installation and the proper usage of the empty land parcels. The highly potential regions along this corridor are Mysore Road/Tumkur Road/Magadi Road/ Rajajinagar and Jallahalli.

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