Demonetization has, more likely, made people to delay purchase of property in India. This is also true of Thanisandra. However, due to the uncertainty and the current lower demand for properties as a result of demonetization, industry sources believe that the prices could come down for certain segments. The absence of ‘black money’ in real estate transactions is bound to drive prices down in the second sales market and this would be beneficial for investors with legitimate money.
Prices quoted for apartments in Thanisandra stands at INR 5000 psqft on average. Real Estate research analyst believe that the average psqft price for properties in Thanisandra will touch INR 7500 by the year 2020 due to the ease of connectivity to employment areas and the improved physical and social infrastructure. It is expected that 7 million sq ft of office space will be added by then.
Why is Thanisandra a good place to invest in housing?
This north Bangalore locality is one of its quieter neighbourhoods. Thanisandra is famous for a lake that draws in not only tourists but also many migratory birds. Besides, there are other reasons for its preference.
Thanisandra is in close proximity to Bellary Road, Hennur Road and the Old Madras Road and has easy access to the airport, Whitefield, the Central Business District (CBD) and to the other important areas in the city through the Outer Ring Road (ORR). It lies 25 km from the International Airport, 8 km from Banaswadi Railway station, 2 km from Manyata Tech Pak and 8 km from Kirloskar Business Park.
2. Connectivity & Transport
Thanisandra Main Road is being widened to 100 ft and it will provide direct toll-free access to the International Airport. Thanisandra is well served by the state run KSRTC buses as well as private operators like radio cabs and auto rickshaws. The Peripheral Ring Road (PRR) and the Metro Rail Node, both scheduled to come up in Thanisandra, is another reason for its choice as a preferred real estate investment destination.
Thanisandra is called the new hub of development in North Bangalore and the prices here are at least 20% – 25% less than East Bangalore. This affordability is likely to change in a few years when Thanisandra becomes a self-sufficient residential area.
4. Health care & hospitals
There are many hospitals in and around Thanisandra. Some of these are Regal, Cratis, JMJ, Aster CMI, Sakaria and the Bangalore Baptist. Besides, you also have many private clinics and medical laboratories.
5. Educational Institutions
Some of the schools in Thanisandra are Rashtrotthana Vidya Kendra, St. George Public School, Sinclair’s High School, Touch International, Saamar International, and Federal Public School. Among the colleges are the Rashtrotthana PU College, Kristu Jayanti, Indo Asian Academy Degree College, Presidency College, KNS Institute of Technology, etc.
6. Shopping & Entertainment
There are many malls and shopping centres in and around Thanisandra. Elements Mall, Phoenix Market and Esteem Mall are some of these. There are also many exclusive showrooms of both national and international brands selling both white goods and fashion material.
7. Employment opportunities
Thanisandra has easy access to the many IT parks and major commercial centres. Manyata Tech Park and Kirloskar Business Park are some of the important centres with good employment potential. A new Hardware Park is also to be set up in Thanisandra. Whitefield and the ORR are the two major employment hubs close to Thanisandra. There are also many garment exporters and importers located here.
8. Realty prospects
The new layouts like M S Ramiah North City, Telecom Layout and the Anam Enclave; the development of physical and social infrastructure like water, drainage and power as well as the setting up of malls and multiplexes, etc are bound to attract people to this area. Already many professionals working in nearby areas have moved in to Thanisandra. All types of accommodation are on offer starting with budget to luxury.
Stanley Varghese for IndiaProperty.com
Image: By Vinoo202 – Own work Own Work, CC0, https://commons.wikimedia.org/w/index.php?curid=14885217