Over the last couple of decades, Bangalores residential landscape has witnessed an upward spike with several land developers setting up residential projects all over the city. This has been partly due to the massive IT boom, which drew in an influx of working professionals from all over the country. Affected by this growth in population, AECS Layout which lies in the vicinity of East Bangalore, is witnessing a steady increase in demand for property and residences.
AECS Layout was formed by the Aeronautical Engineers Co-Operative Society, and has been approved by the Bangalore Development Authority (BDA), aiding in its growth. This approval from the BDA allows the localitys welfare committee to easily procure loans for the expansion and maintenance of the area.
This area has offered affordable property with excellent return on investments since its inception, attracting hordes of builders, developers, investors, retailers, and consumers alike.
Owing to its advantageous location, AECS Layout offers great connectivity to I.T.P.L. and Whitefield, areas that are currently witnessing a mushrooming of IT and ITeS companies. Needless to say, the majority of home-seekers who have migrated to this locality are young working professionals, and the accommodation in this area has been suitably modified to meet their demands and requirements.
The locality enjoys a range of well-maintained civic and social infrastructure. Eateries boasting of a wide variety of cuisines dot every street, as do banks and ATMs, fitness centres, movie theatres, retail outlets, and departmental stores. One of Bangalores largest malls, Phoenix Market City, is within the vicinity, housing some of the biggest brands in the country.
There are many renowned schools in the vicinity, including Indias fastest growing playschool chain, OI Playschool. Hospitals, clinics, and massage centres pepper the streets of this locality, including Sai Dhanvanthri Medical Centre and Shathayu Ayurveda.
Connectivity and Transit Points
AECS Layout boasts of excellent connectivity and a highly efficient transit system, allowing for easy accessibility and hassle-free commute. This area is flanked by four major roads connecting it to other parts of the city. These roads are Varthur Main Road, Outer Ring Road, Doddanekundi Main Road, and I.T.P.L. (International Tech Park India), giving access to major IT hubs such as ITPL and Whitefield, which are at a distance of 6-7 km from AECS Layout.
The AECS Layout bus depot located close to Kundalahalli is frequented by the local BMTC buses that take commuters to most parts of the city, including Majestic, KR Market, Shivaji Nagar, Shanthi Nagar, Koramangala, Whitefield, I.T.P.L., Electronics City, and Bangalore International Airport.
For those travelling by train to neighboring towns and cities, the Bellandur Railway Station and the railway station at Whitefield lie close by. Many major trains make a halt at these stations. Bangalores main railway station, Bangalore City Junction, is 18 km away, and can be reachable through auto-rickshaws, taxi or bus service.
The Kempegowda International Airport, albeit 45 km away, is easily accessible via KIA buses which frequent the local bus stops periodically.
Major Landmarks
â? HAL Heritage Museum
â? Phoenix City Market (Shopping Mall)
Factors for Growth in the Past
AECS Layout, which was founded by Aeronautical Engineers Co-Operative Society, was developed by the BDA in 1986. This has been a contributing factor to its growth, due to the meticulous and structured planning of the layout.
Since its inception, this layout has offered all residents wide roads with proper sequential number markings (comprised of Mains and Crosses), well-lit streets, electricity, proper sanitary facilities, and Cauvery water connections. The attention to detail during the designing of this layout has led to the establishment of excellent social infrastructure as well.
Its development in the past is due to its advantageous location as AECS Layout offers great connectivity to I.T.P.L. and Whitefield, areas that are currently witnessing a mushrooming of IT and ITeS companies.
Residential Market Trends
AECS Layout has proved to be a thriving and expanding residential market, with the dominant property type being multi-storey apartments. One, two, and three BHK units are available in abundance.
The current sales trends for a multi-storey apartments in AECS Layout ranges between Rs 3,870 per sq. ft. and Rs 5,700 per sq. ft., with builder floor apartments costing between Rs 3,700 per sq. ft. to Rs 4, 100 per sq. ft.
Rent for apartments may cost anywhere between Rs 17 per sq. ft. and Rs 20 per sq. ft., and those who wish to rent a bungalow may have to spend anywhere between Rs 20 per sq. ft. to Rs 22 per sq. ft. Rent for a one BHK in this area will cost between Rs 8,000 to Rs 14,000 per month, depending on the size and amenities provided. The rent for a two or three BHK, which is the most preferred type of housing unit in this area, may fall within the bracket of Rs 18,000 to Rs 35,000 per month.
Major Challenges
Some of the arterial lanes in this locality are either uneven, broken, or perennially ridden with pot-holes, and never seem to have sufficient public lighting. Choked drains and improper waste disposal emit a foul stench in some areas, and water shortage and electricity fluctuations plague the residents in this locality.
Factors for Growth in the Future
Bangalore Development Authority (BDA) has taken up many civil projects in order to improve the condition of Mahadevapura, and to strengthen the existing infrastructure. This includes road development and expansion, constructing foot over-bridges and wide pedestrian walkways, and the cleansing of drains and sewage pipes.
The retail landscape is witnessing a sharp increase as well, with several national and international brands setting up shop here. The growth of the retail hub along with the number of malls that are coming up in the locality is sure to attract more people, thus ensuring a massive hike in property prices in the near future.