Old Madras Road is a well-known locale of Bangalore. It is a 7 km stretch road that connects Krishna Rajapuram or K R Puram to the State Highway 35. Old Madras Road is mostly a commercial locale thrown in with some of the major residential apartments and plots in North- East Bangalore.The region had once housed industrial complexes such as NGEF and the Tin Factory. Whitefield, one of the major IT hubs of the city is only 14 km away from Old Madras Road and it is 34 km away from Kempagowda International Airport. It has risen in fame mainly due to its increased connectivity as a result of Namma Metro Phase 1 and also for its primary commercial tangents and the properties for sale in Old Madras Road is sold like hot cakes.
Since it is well connected to all over the city with an extensive range of BMTC Bus services and the Namma Metro service, apartments in Old Madras Road are some of the most desirable real estate hotbeds in Bangalore. The metro stations like Baiyappanahalli and Halsuru along the road further makes it a real estate treasure trove.
At present, it is being developed as a residential space by some of the greatest builders of the nation with a myriad of projects ranging from apartment complexes to villas and residential plots.
Apart from the above-mentioned transportation hubs, the locale also has several Commercial sites nearby. The KR Puram Market, Gopalan Signature and Grand Malls are some of the major shopping sectors of the region. The Hospitals near the area are Epidemic Diseases Hospital, Halsuru Referral Hospital and ESI Hospital. There are also educational institutions such as Fusco's School , Auxillium Hospital and Sacred Heart Convent Schools nearby.
Configuration: The Developers are offering 1,2,3 and 4 BHKs. Since it is close to the IT parks such as RMZ Infinity and Bagmane Tech Park, most of the IT professionals prefer 1 BHK residences. The flats usually end up in mid-price range. 2 and 3 BHK flats are mostly sought by families. The Villas in Old Madras Road are some of the most sought after properties in high-end price ranges.
Appreciation Value: The price range of residential apartments in region are ranged from Rs 3,762 sq ft to Rs 6,149 per sq ft. Whereas the residential plots range from Rs 21,209 sq yd to Rs 34,942 per sq yard according to the latest trends. These ranges are expected to steadily rise along the years as the upcoming 8 lane Peripheral Road and Phase 2 of Namma Metro will boost the land value. Thus, Old Madras Road will be one of the most bankable real estate investments in the future.
Old Madras Road was famous by the name OMR is a well-known roadway interfacing the city with the edges of the city. A portion of the famous areas along the Old Madras Road in Indira Nagar, KR Puram, CV Raman Nagar, Halasuru, and Nagavarapalya. These regions have seen vertical advancement with various apartments in old madras road. Developers purchase apartments in old madras road or flat old madras road and develop them to provide more amenities for clients.
The old madras road has great availability with the railroad, transport, and metro facilities. Old Madras Road is in close to IT centres like Marathahalli, Whitefield, Hebbal, and Hoodi. Whitefield, one of the reputed IT hubs of the city, is only 14 km away from Old Madras Road and it is just 34 km away from Kempagowda International Airport.
Some of the famous developers for flats in old madras road are Brigade Enterprise Pvt Ltd, Venkat Estates, Monarch Properties, CJN Properties, NVR Developers and Oceanus Dwellings (P) Ltd.
The purple line metro station runs along the Old Madras Road by connecting Baiyappanahalli and Swami Vivekananda Road.
This is a region where most of the developers invest their efforts in properties of old madras road as there is great connectivity through the city and also get properties or flats in budget to develop them.
Social and Retail:
Old Madras road is furnished with banks/ATMs, shopping centres, strict spots like houses of worship, sanctuaries, and cafés. Within the journey of 20 min, SB International School, Sri Chaitanya Techno School, and St. Teresa School are the famous schools who are available to provide educational facilities. Most of the families try to get houses in old madras road for their children benefits.
At a range of 5 km, the medical clinics giving medical services are CV Raman general medical clinic, ESI Hospital, and Abhayastra Multispeciality Hospital.
Gopalan Signature Mall, Phoenix Marketcity, and InOrbit Mall are the open recreational alternatives. The upcoming metro availability to Whitefield from Baiyyappanahalli will give phenomenal openness to the major IT Parks of Bangalore.
Every developer tries to get flats in old madras road as there are many facilities as mentioned above. So, most of the developers convert the flats into apartments in old madras road and sell in a very reasonable budget.