Banaswadi is situated in the north east side of Bengaluru city and the distance is about 6km from the city centre. Banaswadi is divided into two major regions; namely, Chikka Banaswadi and Dodda Banaswadi. Initially, this was a residential area, and was considered to be a small village in the city outskirts; however with the real estate developments and its close proximity to the International Airport and Outer Ring Road, this locality has been seeing great improvements and thereby lots of commercials and businesses have come up. Banaswadi is now considered to be one of the most prestigious commercial areas in the north-eastern part of Bengaluru. Few other areas which come under this jurisdiction include Kammanahalli, Jayanthi nagar and Ramamurthy nagar.
Why to buy real estates in Banaswadi?
This locality has very good connection to the Horamavu main road and 100 feet road and also has very good railway route. Banaswadi railway station is just about 3km and Bengaluru International Airport is placed at a distance of 24kms from this area. Apart from this, there are also many BMTC buses plying through this area, connecting other commercial areas and bus terminals of the city. Because of the great connectivity, there has been a rise in flats for sale in Banaswadi and its surrounding areas.
Even though it is considered a residential area, this locality boasts of having many commercial and business complexes. And it also has many well known temples, educational institutions and hospitals. Some of the educational institutes include, Maruthi Vidyalaya, Sri Ravishankar BAL Mandir, Vibgyor High School, St. George College of Management, MAKA College and Satas Institute of Technology. Apart from this, there is the Siachen Army Regiment in this locale, and also a colony named as Jai Jawan Nagar, which is in the memory of Indian Army Jawans.
Banaswadi is a well known place for having many temples in and around its locality. Few of them are like the Uma Maheshwari Amman temple, the Veeranjaneya Temple, the Panchamukhi Ganesha temple, the Ayyappa Temple and the Kodanda Rama temple. Other than this, there are also many well known hospitals and health care centers in this area. Few of them include, Narayana Nilaya Maternity Hospitals and Genesis. For shopping and purchase of groceries and eateries, and food outlets there are numerous options available for the residents of this locale. Some of them include Reliance Fresh, Big Bazaar, Food World and restaurants include Tamarind, Sree Nandini, Uttam Sagar, Malgudi Southern Cuisine and Pizza Huts etc.
Coming to the Real estate aspect of this locality, in the past few years there has been an enormous growth in terms of both residential flats in Banaswadi and commercial property developments. This is owing to the fact that it has great connectivity and easy accessibility to many areas, which has made it into a hot spot for developers and builders together. Some of the well known developers in this locality include Vijaya Bhaskara Constructions, Citadil Constructions, and Adititi Builders. The price of residential apartments in Banaswadi is in the range of Rs. 3770 to Rs. 3792 per square feet. And the starting price of residential plots for sale in Banaswadi is around Rs. 5500 per square feet.
By Gayathri Deepak