Looking For A New Address In Bengaluru? Marathahalli Could Be Your Destination Next
Marathahalli, a suburb of India's IT capital Bengaluru, has gained traction among home buyers. The rise of residential real estate is attributed to various infrastructural development and boom in the IT sector. With the growing demand for apartments in Marathahalli, the property prices have also witnessed an uptick. The locality witnessed an increase of 30.7 per cent in property prices in the past 41 months.
PropGuide lists the factors that make Marathahalli an upcoming residential locality in Bengaluru:
Seamless connectivity
Marathahalli offers well-developed transportation facilities to its residents. The suburb is located at a distance of 20 kilometres from Bengaluru and also enjoys proximity to some of the key areas of the city, including Sarjapur, Koramangala, Belandur and Domlur. The Outer Ring Road (ORR) connects Marathahalli to these localities. A six-lane railway, near Marathahalli junction, connects Kundalahalli with Hindustan Airport (HAL) road. Along with this, Bangalore Metropolitan Transport Corporation (BMTC) offers bus services that strengthen commuting. The nearest railway stations are located in Whitefield and Carmelaram while the old airport and the new international airport, located near Devanahalli, is 45 kilometres away from the locality. A 21.31-kilometre line will connect Hosakerehalli to ORR at Marathahalli. This strong transport and connectivity services are driving force behind coming of new properties in Marathahalli.
Hotspot for IT Companies
Demand for affordable flats in Marathahalli is on a rise, mainly because of the settling of new IT/ITES companies in and around the locality. Some of the companies that have offices nearby include IBM Global Service, Intel Technology India Pvt Ltd, Samsung India Software Operations Pvt Ltd and Microsoft India R & D Pvt Ltd Support Centre.
Marathahalli is an upcoming residential locality with around 211 projects in total. Some of the developers that have projects in Marathahalli include Chourasia Group, Puravankara Group, Pranava Avenues and Shriram Properties Group.