Demonetization has made public to holdup or delay purchase of property in India. This is also true in IT city Bangalore. Demonetization plus the lack of Black Money – the real estate transactions in the city drives prices down in the second sales market but this would be helpful for investors with legitimate money.
Thanisandra is a developing locality in North located in the south taluk of the Urban District in Karnataka. It is situated close to the Outer Ring Road and is easily accessible from the Nagavara Circle. Thanisandra Main Road has now been widened to 100 feet and once operational, it will connect to the Peripheral Ring Road. Manyata Technology Park which houses several corporate and IT giants like Kirloskar, Phillips, IBM, ure and Siemens is also located close to this area.
Thanisandra area is slated for development with the expansion of the main road as an alternative road to Bangalore International Airport. New layouts have been developed including MS Ramaiah North City, Anam Enclave, Telecom Layout (Sanchar Nagar) with the New apartment complex of Shoba being developed; the area also has good schools and is a potential area for future development.
Prices quoted for apartments in Thanisandra stands at Rs. 5150 /sqft on average. Because of connectivity, physical and social infrastructure, the Real Estate research analyst believes that the average price/sqft for properties in Thanisandra will arrive at Rs. 7500 by the year 1019 – 2020.
Why Thanisandra a good place to invest?
Thanisandra is known as one of the new center of development area in North Bangalore and the prices here are at least 20% – 25% less than East Bangalore. This affordability is likely to change in a few years when Thanisandra becomes a self-sufficient residential area.
Location and Connectivity
Thanisandra is now part of Bangalore Mahanagara palike and as the development of Bangalore city towards the new airport continues, many professionals have started inhabiting the area, water supply as well as proper electrical facilities extend through the entire stretch on Thanisandra main road, though few of the bi-lanes are yet to receive water supply from the bwssb.
Thanisandra is in close proximity to Bellary Road, Hennur Road and the Old Madras Road and has easy access to the airport, Whitefield, the Central Business District (CBD) and to the other important areas in the city through the Outer Ring Road (ORR). It lies 25 km from the International Airport, 8 km from Banaswadi Railway station, 2 km from Manyata Tech Pak and 8 km from Kirloskar Business Park.
Located close to the Outer Ring Road, Thanisandra enjoys flawless connectivity to key areas of Bangalore such as Jakkur (10 minutes), Nagarwa Junction (6 minutes), Hebbal (13 minutes), HBR Layout (10 minutes), Hennur (15 minutes), and Sanjay Nagar (16 minutes). Thanisandra is also well-connected by a double road (approximately 100 feet wide) to Bellary Road. It starts at Rashtrothana Vidya Kendra School, Thanisandra Main Road and ends at the Flying Club on Bellary Road. Thanisandra is only 20 minutes away from the International Airport via National Highway 7.
Thanisandra Main Road is being widened to 100 ft and it will provide direct toll-free access to the International Airport. Thanisandra is well served by the state run KSRTC buses as well as private operators like radio cabs and auto rickshaws. The Peripheral Ring Road (PRR) and the Metro Rail Node, both scheduled to come up in Thanisandra, is another reason for its choice as a preferred real estate investment destination.
Health care & hospitals
There are many hospitals in and around Thanisandra. Some of these are Regal, Cratis, JMJ, Aster CMI, Sakaria and the Bangalore Baptist. Besides, you also have many private clinics and medical laboratories.
Some of the schools in Thanisandra are Rashtrotthana Vidya Kendra, St. George Public School, Sinclair’s High School, Touch International, Saamar International, and Federal Public School. Among the colleges are the Rashtrotthana PU College, Kristu Jayanti, Indo Asian Academy Degree College, Presidency College, KNS Institute of Technology, etc.
Shopping & Entertainment
There are many malls and shopping centres in and around Thanisandra. Elements Mall, Phoenix Market and Esteem Mall are some of these. There are also many exclusive showrooms of both national and international brands selling both white goods and fashion material.
Thanisandra has easy access to the many IT parks and major commercial centres. Manyata Tech Park and Kirloskar Business Park are some of the important centres with good employment potential. A new Hardware Park is also to be set up in Thanisandra. Whitefield and the ORR are the two major employment hubs close to Thanisandra. There are also many garment exporters and importers located here.
Thanisandra Main Road has now been widened to 100 feet and converted into a commercial axe; Once it is ready Thanisandra Main Road will also connect to the peripheral ring road; Manyata technology park is close to this area with the presence of MNC companies and IT park; The coming of MNC’s in this area had greatly contributed to the development of housing in this area, the housing boom is driven by the sheer demand for housing Manyata Tech Park with its 1,00,000 employees has generated.
Major players in Bangalore’s real estate market have already begun developing this area; The key players being Sobha Developers Ltd who have constructed Sobha Chrysanthemum which is located off the main road and coming up with another big project named Sobha City, ATZ Properties have developed 5 projects with plans for further development in this area housing IT professional, Doctors, Bureaucrat and Businessman, The Regency Pinnacle Heights Apartments which houses many high level executives, The Monarch Group who are developing Monarch Serenity a 16 storey tower located on Thanisandra Main Road, Karle Group are coming up with Karle Town Centre, a MUD of 75 acres involving retail, entertainment, SEZ and residential developments by 2018.; Nitesh Estates who are constructing Columbus square as well as central park. The new layouts like M S Ramiah North City, Telecom Layout and the Anam Enclave; the development of physical and social infrastructure like water, drainage and power as well as the setting up of malls and multiplexes, etc are bound to attract people to this area.
The information provided here in Homemantra.co has been collected from publicly available sources, and is yet to be verified as per RERA guidelines.* Details collected and displayed here are for information purposes only.*