By Thomas Andrew
Jaya Prakashnarayan Nagar, otherwise known as the JP Nagar, is located in the southern part of the Bengaluru city.
It is one of the largest and stylish localities and many well known personalities are known to reside here. In the beginning, this was initially a residential locality with posh bungalows and independent houses. But with the IT boom in Bengaluru in the late 90s, this area got slowly transformed into a semi commercial area. It is bordered by major areas like Banashankari, Jayanagar, Bannerghatta Road and BTM Layout. Many prominent singers, actors and artists reside in this locality and the famous theatre for arts Ranga Shankara is also located here.
JP Nagar, being a vast area is divided into 9 phases, of which JP Nagar 7thphase is currently seeing a huge growth in both residential and commercial areas. It is situated at a distance of about 43 km from the Bengaluru international airport and about 10 km from the Majestic bus stand and Bengaluru central railway station. It is also well connected to many roads like the Outer Ring Road and Aurobindo Marg. Being centrally located, many public transport buses pass through, connecting many parts of the city. In the past few years, this locality has been experiencing a massive growth and development. Thereby the sale of apartments in JP Nagar 7th phase has increased in the past few years, as people this prefer a calm and serene locality in comparison to other commercial areas.
The growth and developments in and around JP Nagar 7thphase has been the sole responsibility of the Bruhath Bengaluru Mahanagara Palike (BBMP). Being strategically located in the southern part of the city, this locality has many high quality infrastructures and also many top ranking IT companies.
Few of them include Accenture Services Pvt. Ltd, Prevalence Green Solutions, SSI Business Solutions, Protect Systems, HSB Soft Technologies Private Limited, and 3DPLM Software Solutions Pvt. Ltd. In the last couple of years, JP Nagar 7thphase has been witnessing extraordinary developments in the infrastructural aspects. With many well known hotels, colleges, hospitals and other establishments coming up in the surrounding areas. Sree Tirumalagiri Lakshmi Venkateshwara Temple, Arvind Shopping Complex, Bangalore Central Mall. And Koutons. Educational Institutions found in this locality include The Oxford Educational Institutions, Consortium of Medical Engineering, Srinidhi Public School and Holy Mother English School.
JP Nagar has become a preferred destination for many residential property buyers, especially by the IT employees. Thus, JP Nagar 7thphase is gaining massive popularity in terms of booking new flats and apartments and so, the real estate prices in this locality has increased enormously. Many well known property developers have started their projects in this locality. The price of residential apartments for sale in JP Nagar 7thphase is in the range of Rs. 6832 to Rs. 7182 per square feet.
And the average price of a residential plot for sale in JP Nagar 7th phase is around Rs.7167 per square yard. Good transport facilities, excellent water supply and sanitation facilities have increased the real estate value of this locality.
And it has become one of the preferred habitats for many residents and an investment in this locality is sure to yield great returns.
Ref:http://www.articlesxpert.com/article/667785/why-you-should-consider-buying-a-home-at-jp-nagar/