For those working in Bangalore, owning a house is a dream come true. With the average capital ‘asks’ in most of the localities varying between Rs 10,000 per sft and Rs 12,000 per sft, buying a residential property remains a far-fetched ambition for the rest-time homebuyers.
However, Jakkur in North Bangalore is one destination which is helping many such homebuyers full their desire of owning a home in a price that they can afford. Taking precedence over the other areas in Bangalore, Jakkur has evolved as a sought-after affordable housing destination with great connectivity to Airport as well as the city.
Presence of several government and private industrial units, improved connectivity and proximity to Hebbal Tech Park and aerodrome have played an instrumental role in the growth story of this locality.
Key factor propelling the realty growth in this location is the infrastructural growth. It was after the establishment of Jakkur Aerodrome in 2011 that the realty market in Jakkur gained momentum. From a few launches earlier to several compact housing projects, Jakkur has witnessed exponential realty growth over time.
Another crucial development that triggered realty expansion in Jakkur was the construction of the elevated expressway. The 22 km-long, six-lane, signal-free expressway not only connects to Hebbal on one side but also ensures smooth connectivity to the airport on the other. Proximity to Hennur Road, Thanisandra Main Road and high-end neighborhoods such as Sahakaran Nagar also ushered growth in Jakkur.
The area is replete with reputed schools such as Greenfield Public School and VIBGYOR High School; and renowned hospitals like Regal Hospital and Columbia Asia hospital, among others.
In respect to physical infrastructure, Jakkur ensures robust connectivity via Bellary Road and metro. The nearest metro station is Byappanahalli Metro Station (8.7 km). Bangalore Municipal Transport Corporation (BMTC) buses also ply at frequent intervals. For entertainment purpose, Esteem Mall, Kurlapa Shopping Complex and Idhaya Complex are a few options.
From Rs 3,500 per sq ft in 2011 to Rs 5,300 per sq ft in 2018 (source - 99 Acres), average capital values in Jakkur have increased by more than 50 percent in the last eight years. Increased infrastructure development, government initiatives under the Pradhan Mantri Awas Yojana (PMAY) and soaring interest of developers in affordable housing has helped in rapid transition of Jakkur.