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Nagadevanahalli, Bangalore

    The locality of Yeshwanthpur is an industrial-cum-residential area located in the northwestern part of Bangalore. It is a part of the Bangalore Urban District in the state of Karnataka. The Asian Highway 47 (AH47) and National Highway 4 (NH4) (Tumkur Road) run through this area. It lies in the midst of the major areas in Bangalore such as Malleshwaram, Hennur, Shivajinagar, Rajajinagar, Jalahalli and Hebbal. It is only 11.9 km away from Bangalore City.

    With a mix of residential settlements and industrial units, Yeswanthpur is a thriving area in Bangalore City. The area comprises of sub-localities that include Gokula Extension, L.N Colony, Model Colony, Kamala Nehru Extension and B.K Nagar. It is well connected with the city and has an abundance in amenities and social infrastructure that adds to its convenience. It is also home to a number of small scale industries.

    This area is also progressing with many upcoming modern residential projects that are highly sought after. The infrastructural developments in the area will serve to better the connectivity between Yeswanthpur and Bangalore city.

    The Yeshwanthpur locality is one of the fastest progressing ones in Bangalore. With the residential front, the industrial layouts and the major connectivity developments, this place has turned out to be quite the package in Bangalore.

    Connectivity and Transit Points

    A well-planned network runs through the Yeswanthpur connecting it with the rest of the city. Yeshwanthpur also has a major railway terminal – the Yeshwanthpur Railway Station, which had an extended railway terminal established in 2001. The Kempegowda International Airport is around 32.8 km away from Yeshwanthpur and it takes about 40 minutes driving through traffic. Yeshwanthpur is also 6 km away from the Central Railway Station.

    The Bangalore Metropolitan Transport Corporation (BMTC) has several buses that function all around the clock. The newly constructed bus stand has a Traffic Transit Management Centre and BMTC Bus Depots 8 and 26. The Bangalore Metro Rail Corporation Limited (BMRCL) established the Reach-3, 3A Green Line Metro, which connects Yeshwantpur to Mantri Square, Sampige Road, and the Peenya Industrial layout as well.

    Major Landmarks

    Yeshwanthpur Metro Station

    Yeshwanthpur Junction Railway Station

    MS Ramaiah Hospital

    Platinum City

    Rockline Mall

    METRO Cash and Carry

    Megamart

    Columbia Asia Hospital

    Taj Vivanta

    Chaitanya Hospital

    Orion Mall

    Brigade World Trade Centre

    Factors for Growth in the Past

    Bangalore’s largest wholesale market of agricultural produce, the Yeswanthpur Agriculture Produce Marketing Committee (APMC), happens to be situated here. The 6 acre spread of land is a huge asset to the area and has been functioning for about five years now.

    The surrounding areas of Yeshwanthpur include Nelemangala and Peenya, which have been contributing to the overall development of the industrial unit in Bangalore. The connectivity of the area has seemed to improve with the demand for better infrastructure facilities and with the establishment of the Kempegowda International Airport. The classification of the Yeshwanthpur area as a commercial corridor has encouraged progressive commercial activity including IT sector developments. There are extensive constructions undertaken by Taj Hotels, Resorts and Palaces with proximity to the Yeshwanthpur area that distinguish it in the realty sector.

    Apart from the distinguished growth of the industrial units, Yeshwantpur is quite the connectivity hub. The Yeshwanthpur-Tumkur-Peenya Road was a huge relief to the transportation and traffic conditions in the area. It connects Yeshwanthpur with Nelamangala and Peenya easing the travel and transport for the several truck terminals.Planned and developed by the National Highways Authority of India, the NH4 Expressway connects Yeshwanthpur to major areas within and outside Bangalore.

    Future Prospects for Growth

    The Yeshwanthpur, Nelamagala and Peenya triad is a significant industrial hub in Bangalore city. The emergence of the industries ranging between large scale and small scale are plentiful in this area. Such an industrial layout has long existed, and with its considerable progress, the real estate is bound to have its interests vested in the Yeshwanthpur locality. On account of these developments, there has been increase in employment opportunities.

    The government has also planned to further the residential front in this area, including includes townships, apartments, villas, and so on. The Kempegowda region towards the west is also undergoing development in terms of infrastructure. Owing to these factors, the potential for growth and development is significant and makes Yeshwanthpur worth the investment.

    With the ongoing development of the Bangalore Metro Project, the area will be less congested. The completion of the Bangalore Metro Reach 3 & 3A would be the pinnacle of the transportation facilities that connects the locality to the Peenya Industrial layout.

    Integrated township by Brigade Group which has both commercial, office and residential space has boosted the prospects of IT related growth in this area.

    Major Problems

    The problems experienced in this area sum up to traffic congestions. Therefore, the need for better infrastructure has influenced the developments that have been proposed. After completion of metro line the situation has improved a lot, however some bottlenecks remains at some junctions.

    Real Estate Market Analysis in Yeshwanthpur

    The realty sector in Yeshwanthpur is promising and holds a progressive future. The flourishing industrial sector, the developing connectivity, and the evolution of the residential project sector have set it apart on the real estate radar. The amenities and social infrastructure in the area are an added advantage for those who have vested interests in this area.

    The residential and commercial markets in the area have seen potential growth. The return on investment in this area has been considerably high. Reputed builders like Assetz Homes, Esteem Builders, and Golden Gate Properties Limited undertake projects here.

    The average price in Yeshwanthpur for the January–March Quarter in 2014 was observed to be Rs. 6180 per sq. ft.

    The average sale price of the multi-storey apartments in Yeshwanthpur is around Rs. 3384 per sq. ft., and that of individual homes is Rs 8547 per sq. ft.

    Some of the Residential Projects at Yeshwanthpur are listed below:

    Platinum City

    Paschim Orchards

    Golden Grand

    Vaishnavi Nakshatra

    Viswa Bharathi

     

     

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