The recent trend is Padmanabhanagar is showing an up movement and is the right time to buy or sell the property. The starting price here is 10000 per sq ft and the average price here is 14824 per sq ft and the investors are going in right now. The good residential localities like Chikkalasandra, Bendre Nagar, Katriguppe, RR Layout, Banagiri Nagar, Banashankari, and Gundanapalya are also emerging with Padmanabhanagar.
The locality is close to employment hubs like Electronic City, White Field, and IT companies like Brigade Software Park, Kalyani Magnum IT Tech Park, T M Tech Park, Enzyme Tech Park, and others are close by. There are other companies in the Outer Ring Road, Peripheral Ring Road, and the Hosur road too, which are accessible from Padmanabhanagar.
These IT clusters led to the development of residential plots and high-rise towers by trusted and reputed builders with 1000s of apartments in them. These apartments are multistoried, or builders' floors which are furnished, semi-furnished or no-furnished. Situated close to the national highway NH-948 providing connectivity to the close by areas.
The tech-parks are a good source of employment and are accessible from the locality. There are many educational institutions, hospitals, and restaurants in the area, which helped in the real estate growth in the locality. The growth has been rapid and the shopping complexes like E K Supermarket, omega supermarket, Shoprite, behtar supermarket, happy green baskets, Canara fish market, krushi Thota, amma vegetable shop, and others are in the locality.
Health care centers like motherhood hospital, hillside hospital, Agarwal eye hospital, d g hospital, Yogananda multi-specialty hospital, maharaja agarsen hospital, c s hospital, and the kidney foundation are all well taken care of in the area. The properties have seen an appreciation rate of 3% and the 2 BHK houses are the most sought ones.