Is Sarjapur poised to mirror Mumbai's real estate dynamics in Bengaluru?

Hyderabad: Sarjapur, nestled in the eastern part of Bengaluru, is experiencing an unprecedented surge in real estate development, prompting comparisons to Mumbai's dynamic property landscape. Once a tranquil suburb, Sarjapur has swiftly transitioned into a thriving hub, reminiscent of Mumbai's bustling real estate sector.

The area's evolution can be traced back to its past as a suburb with considerably lower land prices. Tech companies recognized its potential and capitalized on the burgeoning IT boom, propelling Sarjapur into the limelight. Despite its rapid growth, property rates remain notably lower compared to Bengaluru's central areas, creating an enticing investment landscape. With prices currently averaging around ₹6,000 per square foot, the trajectory points towards an upward surge, echoing Mumbai's renowned property escalation.

What sets Sarjapur apart is its burgeoning identity as an IT hub, earning comparisons to India's Silicon Valley. This has triggered an influx of individuals from Bengaluru and across the nation, fueling the demand for essential amenities. Schools, colleges, hospitals, shopping centres, and dining establishments have emerged to cater to the burgeoning population, offering multifaceted investment opportunities in both residential and commercial sectors.

Moreover, Sarjapur's unique selling point lies in its harmonious balance between technological advancement and environmental preservation. While technological progress takes centre stage, the area embraces lush greenery, establishing a harmonious synergy between urban development and nature. Properties like Godrej Park Retreat epitomize this blend, integrating nature-centric features into futuristic living spaces.

The region's affordability in modern housing stands out prominently. Unlike the soaring property prices in Bengaluru's central districts, Sarjapur offers a diverse array of well-equipped apartments and villas catering to various preferences and budget brackets. From compact 1 BHK units to spacious 5 BHK residences, Sarjapur accommodates the aspirations of diverse investors seeking personal homes or lucrative rental prospects.

Strategic planning and development further distinguish Sarjapur from other Bengaluru locales. The area boasts well-structured infrastructure, wide roads, minimal traffic congestion, multiple IT parks, upscale neighbourhoods, and comprehensive amenities covering education, healthcare, and recreation.

The pace of development in Sarjapur echoes Mumbai's real estate dynamics. A surge in demand for ready-to-move-in properties has led to nearly doubling of prices from ₹6000-8000 per square foot in the pre-Covid era to the current ₹11000-13000 per square foot range. Even Grade B builders have hiked housing prices in response to soaring demand.

With approximately 50 new projects introduced in the last three years, Sarjapur has emerged as a focal point for real estate developers capitalizing on escalating demand. The impending metro line promises to enhance connectivity further, elevating Sarjapur's appeal as an attractive investment destination.

While drawing parallels to Mumbai's real estate landscape, Sarjapur's remarkable transformation from a tranquil neighbourhood to a thriving real estate hub underscores its potential to establish a similar legacy within Bengaluru's dynamic property market.