About Mathikere
mathikere, bangalore is a residential locality located in the north of bangalore. it consists of a part of the cri staff colony, part of a.g.s layout, devasandra layout, main mathikere, mathikere extension, hmt layout, gokula extension, sbm colony, sundar nagar, tannirhalli, muthyala nagar, and bns layout.nh-75 national highways border the mathikhere and cv raman road area from north to south on the westside while the new bel road borders it from north to south from the eastside. it forms a part of the malleshwaram constituency in the karnataka state assembly.key highlightsjaya prakash narayana park, a 85-acre park for the recreational activities of the nearby community.bel circle flyover at the border which connects it to the industrial area of jalahalliramaiah institute of technology, ranked among the top 100 private engineering colleges in india, is located in this area.indian institute of science (iisc) bangalore, one of the prestigious colleges run by the government of india, is located here.whats great?clean roads and well-organized traffic system in the area.affordable and convenient housing options for the students of the several institutes in the area.whats not great?traffic congestion is a significant problem in the area.the area is very densely packed, resulting in few silent zones and fewer parks (other than the large jay prakash narayan park)very high property rates in the area.Watch out for?apartments near jubilee gardens, devasandraapartments in sundra nagar, gokula extensionproperty rising factorshort termnew projects being build in the area, such as imperial navkis celeste, arge urban bloom, and luxuria.long termlocated close to national highway -75 thus the rates of the nearby properties are expected to increase.the bustling mohankumar road and m.s. ramaiah road runs in the middle, while another busy street, new hmt road, runs along the edge. thousands of people commute on these streets daily.the presence of reputed colleges in the area, such as iisc and ramaiah institute of technology, would attract many students, and they would need a residence to stay.other highlightssocial infrastructurejay prakash narayan park is the leading site for social meetings and entertainment in the area. the park offers boating, cycling, marathon, sports, a musical fountain, musical walkways, and other services.ramakrishna hegde swimming pool is another community hangout area located in the area.to cater to iis and ramaiah colleges students, several food chains and dining outlets are operating in the area, some of which are – the butter shop, ayappa bakery, and sweets chandrappa hotel swathi grand matikhere, udupi garden, and many others.several sporting centers like the game changer, jalebi ground, jubilee garden, tennis courts, and others.several pubs also opened along the new bel road like – 1522 the pub and chin-lung resto-bar.shopping complex & marketsmathikere market, gokula extensionanasuya chandrappa complex, hmt main roadbosavana complex, gokula 1st stageshopping complex, new bel roadhealth care centersms ramaiah old hospital, ms ramaiah nagarramaiah memorial hospital, ms ramaiah nagarvismaya medical center, muthalya nagarconnectivity & public transportlottegollahalli railway station (logh) connects mathikere to the other regions of bangalore.the area can be accessed by goraguntepalya subway station, yashwanthpur metro stop, and sandal soap factory metro station, all located on the tumkur road. mathikere is about 3-4 km from each of these metro stations.there is also a mathikhere bus stop and chowdeshwari bus stop near jp narayan park.schools, bank & fitness centersramaiah institute of technology, ms ramaiah nagarindian institute of science (iisc), gulmohar margramaiah institute of management - bangalore, cv raman roadramaiah university of applied sciences, new bel road, ms ramaiah nagarsbi bank, iisc campuspopular landmarks near localityiisc bangalorejay prakash parkramaiah group of institutesramaiah samadhi, venkatamma msr colonymicro market analysiscapital and rental trendsthe residential plots make up for most of the areas available property, being about 40% of the total offerings.the most popular type of apartments is 2 bhk and 3 bhkl apartments making 60% of the apartment offerings.property is costly in the area, with prices starting from inr 60 lakhs and going as high as inr 2.5 crore in value.a 2 bhk apartment for rent starts at inr 10,000 and goes upwards of inr 30,000 per month.scope of growthdue to existing high property rates, there isnt any scope of rapid growth in the propertys value. hence, the property is estimated to grow at the standard rate of 0.25% to 1% per year.investment opportunitieslocations around the nh-75 and new bel road are prime locations for a business and hence investing in them and later selling them at high rates is a good strategy.due to many students in the area, investing in 1 bhk and 2 bhk flats for renting purposes is a good business idea.
