Located in the western part of Bangalore city, Magadi Road is the important stretch which begins at Binny Mills and stretches till the town of Magadi, which comes under Ramnagara district. Though, the international airport is located about 42 km away from this region, one can reach it with ease by the taking the NICE Road. Also, the important roads to reach Mysore and Tumkur are located just 5 mins away from this Magadi Road. Further, the Magadi Namma Metro station which connects to major areas such as MG Road and Byappanahalli. Besides, the locality also enjoys good accessibility to the industrial hubs such as Peenya and Tumkur.
According to realty sources, Magadi Road is considered to an industrial area for now and there will be more number of commercial developments likely to happen along the metro corridor. With the availability of the Purple Line of Namma Metro, the residents of Magadi Road can reach other parts of the metropolis with ease. Besides, Magadi Road will serve as a junction between two sections of the metro link. The first section of the metro link will connect Magadi Road with major residential hubs and the central business districts. Some of the important residential areas along this metro network include Shivaji Nagar, Richmond Town, Sivanchetti Gardens, Santhusaspet, Rajaji Nagar and Gopalpura.
On the other hand, the second section of this metro link will connect this region with Nayandahalli on Mysore Road. Some of the residential areas which are connected via this metro line include Binny Layout, Bapuji Layout, Hosahalli, Attigupe, Deepanjali Nagar and Banashankari. With the development of the metro line, the surrounding areas such as Nagarbhavi and Vijayanagar are expected to witness growth in commercial sector. Owing to this improved connectivity, Magadi Road has grasped the attention of many reputed builders to come up with new residential projects here. The current rate of apartments in Magadi Road begins from INR 5000 per sqft on average.As there are several industries that are along the road to Tumkur are not making much financial gain, the realty sources predicts that these industrial spaces will be repurposed in the following years. Also, it is expected that these industries will be transformed into commercial spaces in future. This will also play a major role in booming the real estate market of Magadi Road.
Apart from connectivity, affordability is also one of the major factors that drive the housing demand of this region. When compared to prices of apartments in Bangalore’s prime residential areas, prices are quite reasonable in this region. Besides, the rental rates of houses are also affordable in Magadi Road. Especially, the locality grasps the attention of working professionals who searches for a house for rent in Bangalore at affordable rates without compromising on the connectivity to employment hubs of the city.
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