Owing to the growth of Information Technology and Software Services sector and the establishment of over 35% of all ITES companies in the country (Grabhouse: Tech Capital of India: Hyderabad or Bangalore?) – Reputation of The Silicon Valley is often backed by the title, IT-Capital of India, Bangalore. Added to this is Bangalore’s consistent status of being the Outsourcing Capital of the nation due to its growth in the past 20 years and its constant inflow of multinational company investment. Almost any service can be outsourced to Bangalore. This in turn has led to the city being home to talented, educated and experience professionals and cosmopolitan crowd. Bangalore is also the Aviation Capital of India with nearly 60% of manufacturing located here. And then the city is host to numerous automobile and textile units.Added to this is the city’s pleasant climate and green spaces that give it the title of the Garden City.
With a reputation this big, it’s no surprise that Bangalore has 32% of the total office demand in the country. (CBRE India: January 2016) Even when it comes to office stock, Bangalore has far more office stock than the IT-dominated Pune and Hyderabad put together. (JLL, India.)
Marathahalli Real Estate- An Overview
Steeped in folk-tales and legends Marathahalli gets its name from a Hanuman (Maruti) temple. Alternative stories say the name comes from a fighter aircraft called ‘Marut’ that had crash landed in the area. The temple no longer exists and no planes have landed in the area since. Marathahalli- one of oldest and agriculture oriented areas in Bangalore- is no longer the place it used to be. It has transformed from an agricultural village to a thriving urban one. Today as one passes by the Bellandur flyover, a host of IT-parks and BT companies adorn the area.
The primary cause for this massive change is the Outer Ring Road. As the IT boom swept the city and the Outer Ring Road was developed, Marathahalli was pulled into the mix. Today, with its proximity to areas such as HAL Airport, Whitefield, Sarjapur Road and Electronic City apart from ORR has elevated the social and physical infrastructure of the area.
Location & Connectivity to Marathahalli Real Estate
Marathahalli is situated in the East zone of Bangalore and is hence well connected to the IT-dominated Whitefield, ITPL and Sarjapur Road with these areas being less than an hour’s drive away.The area is also connected to the Outer Ring Road (initially developed for easy means of transportation for trucks only) which serves as a traffic-free route to most parts of Bangalore. NH44 (NH7) highway runs through Marathahalli, connecting it to major cities like Varanasi, Nagpur, Hyderabad, and Madurai. A 6-lane railway overbridge close to Marathahalli connects Kundalahalli and HAL Airport Road to Marathahalli. Both Marathahalli and Kundalahalli are directly connected to other areas in East Bangalore via the Old Airport Road, Outer Ring Road and Marathahalli Bridge.
Needless to say the HAL airport- from where private jets and a few cargo aircrafts ply as well as private aircrafts train- is 4 km from here.
Kempegowda International airport, meanwhile, is located at a distance of 46 km via the ORR and Bangalore Hyderabad Highway.The nearest railway station from Marathahalli is the Bellandur Railway Station which is 4 kms away. The KR Puram railway station which is at a distance of 11 km is also close by. The Bangalore Central railway station is 14 kilometers away.
BMTC plies across Marathahalli and connects it to the rest of the city, quite efficiently. Most popular bus stops are Innovative Multiplex Bus Stop, Marathahalli Bridge Bus Stop and Kalamandir Bus Stop. These buses offer connectivity across the city, from IT hubs like Whitefield, Sarjapur Road and Electronic City as well as to the centre of the city, Majestic regularly. Airport buses also ply regularly from Marathahalli Bridge Bus Stop and Kalamandir Bus Stop.
The up and running Indiranagar Metro station is 9 km away. A closer metro station would be the impending Whitefield metro station in the Phase II of Namma Metro, which is expected to connect Whitefield to Bypanahalli. This route is expected to have Jyothipuram, KR Puram, Narayanapura, Mahadevapura, Garudacharpalya, Doddanakundi, Visvesvaraya Industrial Estate, Kundalahalli, Vaidehi Hospital, Satyasai Medical Institute, ITPL, Kadugodi, Ujwala Vidyalaya and Whitefield.
Social Infrastructure: Healthcare, Education, Shopping
With regards to social amenities and infrastructure, Marathahalli real estate is quite self-sufficient and vibrant, to say the least. When it comes to educational institutions the region has reputed schools affiliated to various boards (CBSE, ICSE, and State Syllabus) like the MVJ International School, H.A.L. Gnanajyoti School, New Horizon, Ravindra Bharathi Global Schools and Narayana e-Techno School & PU College and more. Colleges like the Hindustan Aviation Academy, S.G.R Polytechnic College, Dr. Shyamala Reddy Dental Hospital and Research Centre and MVJ College of Education are also in the area.
Medical care comes from hospitals like Apollo Cradle, Columbia Asia, Fortis Hospital amongst many others. Specialty clinics like Vasan Eye Care and Javajo Homeopathy are also available to the residents of the area.
Glistening with five star hotels, service apartments, guest homes and restaurants- the hospitality sector of the area doesn’t disappoint. Most popular restaurants here include Yo China!, The Village, Absolute Barbecue, and Holy Flames. Ther Pup, Bangalore’s first dog café is also located in the area. One cannot overlook the nightlife the region enjoys with the presence of bars, pubs and lounges like Wareabouts Grill & Lounge, Purple Haze, Jimi’s Beer Cafe, Gadang Sports Bar – Hotel Park Plaza, Chiller’s Nation, Sherlock’s Pub and more. Whitefield has more options at close distances, with Whitefield Social, Irish House, and Windmills Craftsworks amongst others.
There is no dearth of retail outlets with regard to Marathahalli Real Estate and they span both national and international brands. In the sphere there is Sony, Hometown and more and in terms of clothing there’s Baby Mart, Max, Levi’s, W for Women, Megamart, Wood World, Traxx Shoes, Lifestyle International and more. Popular supermarkets include Big Bazaar, More Megastore and Reliance Fresh. There are also jewelry stores and footwear stores in the vicinity.
Popular to house the first multiplex in Bangalore, Marathahalli has Innovative Multiplex and other theatres like Srivinayaka Theatre, Thulasi Theatre to name a few. Whitefield with VR Bengaluru and Phoenix Market city has both INOX and PVR Cinemas.
Clubs like the Bangalore Players Club, Country Club and E-Zone are active here and the region has a few parks to its name as well.
Residential Investment in Marathahalli Real Estate
Marathahalli real estate’s primary residents are the IT and corporate professionals as well as expats who are looking to stay close to their office, even while enjoying the comfort of a residential space. IT Parks like Cessna Business Park, Global Tech Park and Embassy State Village Square are important in the area.
What also goes in favour of Marathahalli real estate is that the location is almost indistinguishable from its neighbors, with connecting roads merging into each-other. Homes along and near Marathahalli road enjoy all the benefits of the area and its neighbors all of which are well planned prime locations for property investment. With good connectivity, the location tops lists of most developers and property hunters.
It is hence obvious that the region is apt for building homes across budget segments that appeal to the cosmopolitan and professional crowd. Considering the fact that, most people in the region are not from the city, and are more often than not business people, expatriates, and young graduates who come in to work in the large IT offices that the place has to offer- projects what is looked at, in terms of property in the area is how reputed the builder is, how comfortable the living spaces are and what the amenities on offer are, considering the cost not being an issue. In fact, with Bangalore slowly turning into a concrete jungle on the outside, projects that try and maintain a green environment on the inside are preferred. This is especially because with the growing pollution in the city, fresh air is a necessity that is required at home- for children and senior citizens.
For those who work in the city, investing in a property in Bangalore is inevitable. Considering how the more traditional residential spaces in Bangalore like those in South Bangalore are saturated, the attention has shifted to investment friendly zones instead. Hence key localities lined with IT-companies like Marathahalli Real Estate have witnessed price appreciation.
Top and reputed builders that offer properties in Marathahalli real estate include Adarsh Builders who have come up with luxury villas, while Prestige Homes are present with IV Terraces, Sunnyside Oak and Silver Crest. There is Assetz with East Point, Rohan with Iksha amongst other reputable developers.
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