Bangalore is a much-desired residential destination. The commercial importance of the city has been constantly increasing and with it the city boundaries has also been spreading in every direction. Jaya Prakashnarayan Naga better known as J P Nagar is one such fast developing locality of Bangalore that was developed to accommodate the growing residential market of the city. The locality is surrounded by prominent areas including, Jaya Nagar, BTM, Banashankari, Kumaraswamy Layout, Gottigere, Anjanapura Township and Hulimavu. The region has a well-developed network of BMTC buses and auto rickshaws. The metro network will soon reach its periphery and the outer Ring Road passes through the region. Some other major roads in close to the region are Bannerghatta Main Road, Kanakapura Road and Gottigere - Kengeri Road.
JP Nagar shares it vicinity with the commercial hubs of Electronic City, Kempegowda Bengaluru International Airport, etc. With so many lovely lakes, parks and well-developed social infrastructure the property rates of the area have witnessed great appreciations in last few years and offered greater profits as compared to the surrounding areas. Several real-estate developers are interested in property market of the region. Most prominent residential developments being worked on in the region are, Sai Platinum Lifestyle, Radiant Elitaire, Elita Promenade and Metropolis mid-town.
The social infrastructure of the locality is well-developed and include renowned educational institutions, number of star, business, boutique and budget hotels, malls, hospitals, theatres and multiplexes.
Realty tendencies of JP Nagar 8th Phase in Bangalore
JP Nagar was developed over 2,500 acres of land and was divided into nine phases. One of its most prominently developing zone of the micro-market is only 7th and 8th phase is witnessed a significant growth in price trends. The prices of property in the area have shown an uptrend just like its counterparts in rest of Bangalore. The properties located in JP Nagar 8th Phase have their prices starting from around Rs. 40.00 lakhs with the most premium abode costing you about Rs. 59 lakhs. On an average a valuable property in the region costs about Rs. 49.50 lakhs which is a lot affordable as compared to the rest of Bangalore with an average price of Rs. 69.27 lakhs.
About Valmark Orchard Square.
The well-recognised real-estate developers Valmark group has announced a new residential project in J P Nagar, Bangalore. The project has been named Valmark Orchard Square. The project spans over an area of 3.25 acres and comprise of a total 272 apartments. The multi-storeyed towers consist of ground plus 16 floors and offer different configurations of 2 and 3 BHK apartments with sizes ranging from 1042 sq.ft. to 1455 sq.ft. The costs of these units have been set in the range of Rs. 49.14 lakhs to Rs. 68.61 lakhs. Some of the amenities offered in the project are, clubhouse, meditation centre, sports facilities, kids’ play area, swimming pool, gymnasium, tennis court, etc. the complex has provisions for 24-hour security, lifts, landscaped gardens, sauna and steam room and much more.