Varthur & Begur – locations to look out for properties in Bangalore

Varthur, a suburb in the east of Bangalore, has emerged as the new cynosure for the realtors in Namma Bengaluru in terms of property investment. The same is reflected by the statistics from the department of stamps and registration. Proximity to IT clusters on Outer Ring Road (ORR) and Whitefield and availability of ready-to-occupy/under construction Grade A office spaces are positively impacting residential development in the area.

Varthur contributed Rs 127 crore to the exchequer from stamps and registration fees in the ten months from April 2010 to Jan 2011 for which figures are available. The sub-registrar office in Varthur registered 7,547 properties during the 10-month period, compared to 7,205 in the whole of the last financial year.

Traditional IT strongholds in the south like JP Nagar and Banashankari continue to hold their own, with JP Nagar seeing a significant 48% rise in collections already this year. Sarjapur has seen an 80% rise in collections already. Begur, Laggere, Bidarahalli and Nagarbhavi also hold promise. Begur, off the Bangalore-Hosur highway, is a new entrant to the Bangalore's realty scene. It holds lot of promise for the property seekers in Bangalore. Further this has been seen as luxury segment congregator by the builders in Bangalore. Better connectivity between Electronics City and Bannerghatta Road has transformed Begur into an emerging residential destination. The revenue collection at the Begur sub-registrar has risen 40% already this year.

Artha Group has got two prestigious projects in its armoury at these prominent locations – Artha Crest Whitefield Paradise, located on Varthur Road & Artha Zen, which is on the Begur Road. For more information, log on to www.arthaproperty.com