From being a lesser known area to one of the emerging residential belts in the city, JP Nagar is an affordable location that has gained on several fronts. Hennur is spread out to its left and K R Puram is located to the right. With Bellary Road, Hennur Road and Thanisandra Main Road developing rapidly, the price escalation has led to a spillover effect on JP Nagar which runs parallel to these three key roads in the north. Comparatively affordable prices, connectivity through the Outer Ring Road (ORR) and presence of good support infrastructure has ensured JP Nagar’s development into a potential residential belt.
All the roads parallel to the Old Madras Road are doing well. JP Nagar is well-connected to the Old Madras Road as well as the ORR. Many small and mid-segment developers have entered this market, with some reputed developers also putting up projects here.” Rafi Khan, Manager, Apex Estates and Properties, explains, “This is the largest BBMP ward in the city and the fastest-growing one. Availability of land at affordable, reasonable prices has attracted many mid-income buyers. There are many office spaces rent in Koramangala 4th Block with all amenities. Proximity to the ORR which connects major IT destinations with a prominent tech park on one side and the Marathahalli-Whitefield corridor on the other side is one of the major reasons for development in and around JP Nagar.
Office spaces rent in JP Nagar benefits from location advantage. Good connectivity, availability of land parcels and yet-to-rise prices are drawing developers here.