October 10, 2016
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4:59Now PlayingExpert: Arvind Nandan, Director, South Asia, Valuation & Advisory Services, Colliers International.
Question: I am looking at investing in Bannerghatta Road, Bangalore Near Koppa gate. Is there any scope of growth and development in the area? Which projects should I invest in & what is their expected price range?
Answer: Bannerghatta Main road has good development potential - more than 100 new projects can be found there. Mid-range prices will be Rs 4,000-6,000/sq. ft. and higher range priced projects could be Rs 8000-10,000/sq. ft. The future will remain good. The city has been expanding and this location remains important - is in the catchment of Electronics City and Bannerghatta Road meets the NICE Ring Road. Projects by well-known names in Bannerghatta main road - Hiranandani’s Queensgate (Rs 36 lakhs +) and Hillcrest (Rs 1.4 crore +), Nitesh Hyde Park (Rs 40lakhs +), etc.
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