Attibele, a suburb in Bengaluru is one of the most sought-after housing destinations. Located along Bengaluru-Chennai Highway, it is popularly known as Hosur Road and lies in the vicinity of industrial areas like Attibele Industrial Area, Jigani, Anekal & Bommasandra and Electronic City IT-hub of Bengaluru. Well-developed connectivity, social & civic infrastructures, budget friendly housing options, and presence of employment hub fits into investment-worthy options in this expanse.
Attibele is well-connected through Hosur Road, Attibele-Sarjapur Road, & Anekal Road to all the prominent destinations of the city. The micro-market is predominantly providing hassle-free connectivity by Bangalore Elevated Tollway Limited (BETL), an elevated flyover between Koramangala and Electronic City. This elevated corridor has reduced the travel time and provided much-needed relief from traffic congestion near Silk Board Junction and is further linked by Attibele’s main road to provide smooth connectivity.
Social Infrastructure
Attibele – Hosur Road has well-established blend of social infrastructure. It boasts of many reputed schools & colleges, namely, Alliance University, BTL Institute of Technology and Management, PESIT-South Campus, Delhi Public School, KLS International School, and Attibele Public School. NEO Mall, SRT Mall, D-Mart, and others along with Narayana Institute of Cardiac Sciences, Vimalalaya Hospital, Athreya Hospital & etc. in and around Attibele has supplemented towards making it a popular residential destination in East Bengaluru.
Industries and employment hubs
The Electronic City has the second largest conglomeration of IT-companies in Bengaluru, situated in the close vicinity of Attibele on Hosur Road. Sarjapur IT-hub is also well connected with Attibele through Attibele-Sarjapur Road. These two IT-hubs houses several IT Parks and companies, namely, TCS, Infosys, Cognizant, HP, and others.
Chandapura-Attibele, Bommasandra, Jigani, and Hosur Industrial Area boasts of several manufacturing and industrial zones. There are several national and multi-national manufacturing units and their offices reside in these industrial areas, located neighbouring Attibele, Hosur Road. The prominent companies such as Ashok Leyland, TVS Motors, Wipro, Biocon Pharmaceuticals, Hindustan Granite, etc.
Residential Market – An Investment Opportunity
Attibele -Hosur Road is the hub of affordable housing in the East Bengaluru. This micro-market has an excellent connectivity to all prominent localities in the city through well-developed roads. The realty market has a presence of several regional and national real estate developers, namely, Shriram Properties, Tata Housing, Value and Budget Housing Development, Artha Group, Sowparnika Projects & Infrastructure and others. Due to an exceptional physical & social infrastructure and employment hubs, the micro-market has witnessed entry of around 35 real estate developers and cumulatively offers about 60 residential projects.
Attibele- Hosur Road has witnessed an unprecedented demand of residential housing units in the last four years. In order to fill demand and supply gap, several reputed real estate developers have forayed into this market with a value pricing strategy.
According to Square Yards Research, residential properties are available in the price range of INR 2,689 – INR 4,890 per sq. ft, with the average hovering around INR 3,210 per sq. ft. As per price analysis study analysis, the micro-market has given stupendous returns of around 17% in just last 10 quarters.
People are started pouring into this micro-market due to attractive price appreciation and wide variety of property types namely apartments, villas and plots. Undoubtedly, this is next affordable realty market hub in making.
Scope of Growth
The upcoming infrastructures around Attibele- Hosur Road will further cement the position of the affordable housing capital of Bengaluru.
The proposed Peripheral Ring Road (PRR) will connect Tumkur Road and Hosur Road via Attibele. Peripheral Ring Road will be 65-km long, development will take place on the whopping budget of INR 13,600 crore and 8-lane highway with four cloverleaf interchange and six flyovers.
The upcoming metro project along Hosur Road with proposed metro station at Attibele, will improve suburban connectivity with Bengaluru city. It will further help in the growth of the area and demand of residential properties.
Evidently, Attibele- Hosur Road provides a good investment opportunity for realty investors and to those working in Sarjapur and Electronic City. This micro-market of East Bengaluru has registered capital appreciation of 17% and further expected to deliver around 9-10% annually.
