Thanisandra Housing Real Estate Market Trends

real estate

Thanisandra main road has gained prominence due to its proximity to the Outer Ring Road and Bellary Road, giving an alternate route to the airport. Due to availability of land this area is booming with real estate activity, with a number of commercial and residential projects under construction. However, the area lacks infrastructure and it may take some time to come up as a desired real estate destination.

These are the price trends for various properties on Thanisandra main road, as on February 2016

Property For Sale For Rent
Multistorey Apartment
(Avg Price Rs/sq-ft)
4938 14
Builder Floor Apartment
(Avg Price Rs/sq-ft)
4063
Residential Plot
(Avg Price Rs/sq-ft)
30969
Residential House
(Avg Price Rs/sq-ft)
4469 11

Thanisandra land rates

Buying a piece of earth and sky above to call my own is an achievement in one’s lifetime. When you are looking forward to invest your big chunk of money into a property, there is no better place than Thanisandra.

Thanisandra land rates trends are depicted in the graph below.

guidance value

source:magic bricks

Thanisandra guidance value

The minimum price below which the property, generally a residential property, cannot be registered is the guidance value. The guidance value ranges between Rs 2000 to Rs 2800 per sq ft depending on the area in Thanisandra.

Thanisandra real estate trends

Real estate is a booming business in Thanisandra as it is the happening area of Bangalore North. It has registered a capital appreciation of over 50 per cent during the last two years. Considering the good employment opportunities, enhancements in the physical infrastructure and easy access to social infrastructure, the future looks promising too. The upcoming metro rail node at Nagawara and the scheduled Peripheral Ring Road (PRR) project will boost the realty market. Estimates from a reputed property columnist are noted below.

 Thanisandra  Road -2015  Thanisandra  Road -2020
 Minimum Price Tag : 3800 Minimum Price Tag : 5900
Maximum Price Tag : 5800 Maximum Price Tag : 9000
 Average Price Tag : 4350 Average Price Tag : 7450

Thus, Thanisandra is expected to see 55% rise in realty investments in 5 years. Developers are focusing on Thanisandra, which has also gained the attention of buyers due to affordable options as compared to other nearby localities.

Below is the trend of the previous quarter.

trend

 

 

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