With Bangalore being an IT hub, many individuals from across the country come here for professional growth. Due to this, the demand for housing has also grown at a steep rate. In recent years, due to sound infrastructural development, Varthur has caught the attention of many prospective home buyers who are looking to invest in their dream home.
Located in the South-Eastern Bangalore part of the Bangalore, Varthur is a suburb that falls between old Airport road and Sarjapur road. It is also in close vicinity to ITBP. Varthur enjoys smooth connectivity to other surrounding areas of Bangalore via a flourishing Varthur Main Road. Varthur Lake, the second largest lake of Bangalore also falls in the locality.
The locality is home to many renowned educational institutions, malls, recreation as well as healthcare centers. CMR Institute of Technology, Vibgyor High School, Greenwood High, Forum Mall, Sree Chennaraya Swamy temple is some of the prominent attraction of the locality.
Varthur is known for the presence of many leading IT parks and companies. Sigma IT Park, Wipro Technologies, Cisco Systems, Aricent Group, and ARM are some of the renowned IT companies situated here. Other employment hubs like Koramangala, Whitefield, Sarjapur, Electronic City and Manayata Business Park are also located in close proximity to Varthur.
Presence of leading companies increased the housing demand in Varthur. A plethora of affordable and luxury residential options are available in the locality for the home buyers. Renowned developers like Sobha, Prestige, Puravankara have marked their presence in Vanthur.
The current average property price in Varthur is Rs 5,333 per sqft. One can easily find a 2BHK apartment at a price of Rs 50 lakh in affordable or mid-segment category and for Rs 90 lakh in luxury segment. With other proposed development, the property price here will take a steep jump of around 5% in coming years, suggests expert.